India: Blackstone, Apollo, Tech Mahindra in fray to acquire Mphasis

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In the wake of Hewlett Packard Enterprises reviving its plans to sell its controlling Mphasis, private equity firms Blackstone and Apollo Global Management have entered the race to acquire it along with Tech Mahindra, as per a report in The Economic Times. The PE funds were shortlisted from a group that… Read more »

Bank of Singapore, Lion Global Investors partner to launch $126m fund

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The Bank of Singapore and Global Lion Investors are partnering to launch a $126 million Asian Singapore Asian Income Fund


India: KKR to invest $22m in Sunteck Realty’s residential projects in Mumbai

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Premium real estate developer Sunteck Realty Ltd on Tuesday said KKR and Co. Lp will invest around Rs.150 crore ($22m) to fund its upcoming luxury residential projects in Mumbai’s Bandra Kurla Complex (BKC). The Mumbai-based company said in a statement that it has signed a definitive agreement with the global investment… Read more »


NIIF joins hands with Rusnano to set up Russian-Indian tech fund

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National Investment and Infrastructure Fund (NIIF) Ltd has signed an agreement with Russia’s Rusnano OJSC to set up Russian-Indian high technology private equity fund.


Private equity firm Partners Group to invest up to $1b in India

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Swiss private equity investor Partners Group is looking to invest up to a billion dollars in India in the next three to five years. The firm has previously invested in Indian PE and VC funds for more than a decade, as a limited partner. Since 2012, it has been more open to investing directly in companies, and opened an India office two years later.


India: Three firms in fray to buy Au Financiers’ $150m home loan business

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Three firms are currently in the fray to buy the Rs 1,000 crore (around $150 million) home loan business of Jaipur-based lender Au Financiers, according to a report in The Economic Times. Everstone-backed local lender Indostar, PE fund Multiples, and existing shareholder Kedaara Capital along with American PE fund Partners are now… Read more »


Singapore: New Silkroutes partners New York-based CG Capital for investment JV

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New Silkroutes Group has formed a JV with CG Capital Partners, as part of a move to expand its global reach.


Malaysia: Navis Capital completes sale of Golden Foods Siam, makes 24% IRR

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Navis, which had acquired a controlling interest in GFS in September 2009, has generated a 24 per cent IRR and a money multiple of 3.3 times for itself and its partners.


Malaysia: Navis exits Australian childcare biz Guardian Early Learning

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“When we invested in Guardian, our objective was to enhance the existing platform and grow the business through acquisitions and developments,” – Navis Capital Australia.


Private equity funds struggling to find exit routes in Indian port investments

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Investors in private ports like Karaikal, Krishnapatnam and Gangavaram are finding it tough to exit their investments made five to eight years back.