Aston Tan

Pacific Equity Partners-backed Collins Foods is the latest private equity-backed company to list in Australia and have its share price fall.

The US buyout shop and the IFC have taken almost equal minority stakes in Bombay-listed non-banking finance company Magma Fincorp.

The US firm, through a subsidiary, has injected A$90m in ailing CMA. The capital infusion will go to restructuring its operations while marking KKR's second round of funding in the company this year.

The US firm, through a subsidiary, has injected A$90m in ailing CMA. The capital infusion will go to restructuring its operations while marking KKR's second round of funding in the company this year.

Commercial Intelligence, which focuses on buying distressed debt and then recovering value through litigation, recently held a first close on Global Distressed Alpha Fund III at $18m and will seek opportunities in Asia, Africa, Middle East and Latin America.

Commercial Intelligence, which focuses on buying distressed debt, recently held a first close on Global Distressed Alpha Fund III at $18m for investments in Asia, Africa, Middle East and Latin America.

In a last ditch attempt to placate creditors, the ailing diagnostics business will reportedly submit a proposal to convert about A$890m of bank debt into equity.

The hedge fund manager plans to expand into mezzanine investing with a fund targeting high growth companies in India.

The hedge fund manager plans to expand into mezzanine investing with a fund targeting high growth companies in India.

Affinity Equity Partners-backed clothing company Colorado Group has been placed into administration after its creditors rejected rescue proposals. It is the second time in six months a private equity-backed Australian business has gone into administration following Pacific Equity Partner’s REDgroup last October.