KKR seeks to buy assets from stressed Indian NBFCs

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KKR’s two Indian credit units may spend as much as 20 billion rupees ($270 million) combined to purchase portfolios from local NBFCs.

India

Malaysia’s Ekuinas divests stake in mobile transaction gateway Tranglo to TNG for $27.6m

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The divestment gives Ekuinas an IRR of 26.8% and money multiple of 1.96 times the capital invested.


Advent acquires Manjushree Technopack, Kedaara fully exits

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Advent has acquired all the shares held by Kedaara Capital, and a portion of the promoter Kedia family’s stake in Manjushree Technopack.


China’s Anta, FountainVest in advanced talks to buy Finnish firm Amer Sports

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Amer’s portfolio of well-known sports brands is an attractive prospect for Anta ahead of the upcoming Olympic Games in Asia.


NZ Super says could lose $20b in event of another global financial crisis

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NZ Super Fund returned 12.43 per cent to end the 2017-18 financial year at $39 billion, adding $4 billion to its war chest.


PE-VC investments in India slump 23% to $6.6b in September quarter: EY Report

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The decline in investments was primarily on account of fewer large deals valued greater than $100 million.


We’d like SEA to be better understood by LPs: Dymon Asia partner Gerald Chiu

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Dymon Asia, which claims to have clocked a net IRR of a little under 30% from its $240 million vehicle DAPE I, hopes LPs would see the region as a “must have” part of their investments.


KKR is at centre of tussle for control of Indonesian noodle firm Tiga Pilar

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At a shareholder meeting in July, KKR — which holds 35% of Tiga Pilar’s voting stock — successfully voted to oust the company’s board of directors. The event ended with founder and President Joko Mogoginta publicly accusing KKR of attempting a “hostile takeover” as he stormed out of the gathering.


Japanese PE firm Marunouchi Capital secures $831m for two vehicles

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Since its establishment in 2008, Marunouchi Capital focuses on business succession and carve-outs, with Seijo Ishii and Joyful Honda figuring prominently among its investments.


S Korean PE Hahn & Co to acquire 71% in SK Shipping for $1.32b

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Proceeds of the sale will be used to pay off most of SK Shipping’s debt.