KKR continues to offload shares in Vietnam’s Masan Consumer

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After the latest round of its offloading shares, the PE firm currently holds 7.93 per cent of the Vietnamese consumer goods firm through its two vehicles, local media reported. The latest round reportedly happened on November 20.

India: Writer Corporation plans to tap PE route to raise $45m

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Writer Corporation is looking to raise around Rs.300 crore ($45 million) by selling a minority stake to private equity (PE) investors, according to two people familiar with the plan. The Mumbai-based group manages cash for banks, provides relocation services and is an information manager. It also has interests in real… Read more »


Global private equity faces $168b question: Where to deploy dry powder?

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It’s a sign of the times. With interest rates low and cash piles high, investors, or LPs, are having to sacrifice return expectations just to get money out the door


Investor group including Sequoia to take Chinese Qihoo 360 private in $9.3b deal

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Chinese mobile security software maker Qihoo 360 Technology Co said it agreed to be acquired by a group of investors for about $9.3 billion, including about $1.6 billion of debt. The holders of each American Depositary Share, which represents three class A ordinary shares, will get $77 in cash, while… Read more »


PE firm Cerberus close to buying 80% of Avon North America unit: WSJ

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Private equity firm Cerberus Capital Management LP is close to an agreement to buy 80 percent of Avon Products Inc‘s North American business for $170 million, the Wall Street Journal reported on Thursday. New York-based Cerberus will also invest $435 million for a nearly 17 percent stake in the parent company,… Read more »


India: PE firm Carlyle exits IIFL in Fairfax open offer

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US private equity firm Carlyle Group has fully exited its four-year-old investment in Mumbai-based financial services firm IIFL Holdings Ltd, formerly known as India Infoline Ltd, at a profit, according to a disclosure on its website. The stake sale by Carlyle was a part of the recently concluded open offer… Read more »


India: Blackstone buys minority in IBS Software for $170m; General Atlantic exits

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Travel, transportation and logistics software firm IBS has nearly 3,000 employees across nine global offices and provides software products to airlines, airports, cruise lines, travel distributors and oil and gas companies. General Atlantic invested in the company in 2007.


Singapore: Axiom Asia Private Capital raises $391m for fourth fund of funds

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Axiom currently manages three private equity funds of funds, with total commitments of over $2.5b. Axiom’s first fund was closed in 2006 at $440m, second fund was closed in 2010 at $950m, while the third fund closed in 2012 at $1.15b.


India: ASK Group invests $54.6m in Rajesh Lifespaces Mubai-based realty project

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Financial services firm ASK Group has invested Rs.365 crore ($54.6 million) in Mumbai-based realty developer Rajesh Lifespaces’ upcoming residential project in suburban Mumbai’s Vikhroli area through its private equity arm ASK Property Investment Advisors. ASK’s equity investment—it’s largest till date—has been made from two of its funds—one with a Rs.1,000… Read more »


Malaysia: Agro Equities acquires Asia Cornerstone, looks to launch agro-focused fund

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The acquisition was part of the business strategy to capture the high investment potentials and future values they see in the Asia Pacific, especially Asean investment environment