Singapore’s GIC, Canada Pension fund looking at Tata Technologies stake: Report

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The Canada Pension Plan Investment Board (CPPIB) and Singapore’s sovereign wealth fund GIC are in discussions to purchase what is being described as a ‘significant minority stake’ in Tata Group unit Tata Technologies. Tata Technologies is the automotive and aerospace engineering design services unit of the Tata Group. According to a… Read more »

Temasek, Savola bidding for fast-food player Kuwait Food: Report

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Temasek Holdings is collaborating with Saudi Arabian Savola Group to bid for Middle Eastern fast-food operator Kuwait Food Co., also known as Americana, in a deal that is being valued in the range of $4-$5 billion, a Bloomberg report said. Founded in 1964, Americana is the franchise operator of quick service restaurants (QSRs)… Read more »


Global hospital chains, PE majors in race to buy India’s CARE Hospitals: Report

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The consortium of private equity group Abraaj, PD Hinduja Hospital and Everstone Group has emerged as the frontrunner to acquire multi-specialty hospital chain CARE Hospitals from its current owners Advent International, as per a report in The Economic Times. The consortium is competing with rival offers from another combination of South… Read more »


Adapting to the markets: PE firms invest in smaller startup deals in SEA

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As more startups and young companies mature into businesses with required traction and good prospects, private equity (PE) firms hunting deals in Southeast Asia are quickly waking up to the opportunities provided by these smaller deals. Among the PE firms that are already looking into the dealscape gap between venture capital… Read more »


India: PE firm New Silk Route plans second fund

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Private equity firm New Silk Route plans to launch its second fund soon after the initial public offering of Cafe Coffee Day (CCD), India’s biggest homegrown coffee chain, said a report in The Economic Times. Coffee Day Enterprises Ltd (CDEL), the holding company of the CCD, has filed a draft… Read more »


South India-based private equity firm TVS Capital exits DCB Bank

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South India-based private equity firm TVS Capital Funds (TCF) has exited its three-year-old investment in DCB Bank Ltd, formerly Development Credit Bank Limited, the fund said in a statement. TVS Shriram Growth Fund held an equity stake of 2.8% in the bank, valued at about Rs 80 crore ($12 million). “The fund… Read more »


ASEAN’s 15 big cities have $300b GDP at risk over 10 years: Lloyd’s City Risk Index

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South East Asia’s top 15 largest cities have $300 billion at risk from a series of threats over the next decade, according to new research launched today by Lloyd’s, the specialist insurance major. The Lloyd’s City Risk Index 2015-2025 presents an analysis of economic output at risk (GDP@Risk) in 301 major… Read more »


India PE Dealbook: Kotak PE wrapping up infra fund, Rakesh Sony joins Cargill PE arm, Motilal Oswal PE to invest in Kurlon

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Kotak PE, the private equity arm of the Kotak Mahindra Group, is wrapping up its maiden infrastructure private equity fund – Core Infrastructure India Fund Pte Limited, focused on the Indian market, according to a report in VCCircle. The process will complete by the end of this month. The decision to… Read more »


PE firm Shaw Kwei offers to buy SG-listed Chosen, take it private

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Private equity firm Shaw Kwei & Partners has offered to buy out Singapore listed Chosen Holdings at S$0.24 per share, and take it private. This all cash offer values Chosen, which provides integrated manufacturing solutions in China, Singapore, Thailand, and Malaysia, at about S$67.6 million. Southshore, the special purpose vehicle… Read more »


Baring Asia acquires 40% stake in Weetabix

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Hong Kong-based Baring Private Equity Asia (Baring Asia) has acquired a 40 per cent stake in the UK-based manufacturer of cereals and cereal bars, Weetabix Food Company (Weetabix). Financial terms of the transaction were undisclosed. Commenting on the investment, Giles Turrell, CEO, Weetabix, said, “We are an established leader in the UK breakfast cereal… Read more »