Siddharth Poddar
The global buyout firm is to acquire a 26.7 percent stake in Shriram City Union Finance, its second investment in the Shriram Group in two years. The investment will be made from its recently closed $4bn Asian fund.
Continued keen interest in Asian private equity on the part of institutional investors has kept fund of funds managers very busy. But as economic growth weakens and capital deployment slows, the future holds some interesting challenges. Siddharth Poddar reports.
Continued keen interest in Asian private equity on the part of institutional investors has kept fund of funds managers very busy. But as economic growth weakens and capital deployment slows, the future holds some interesting challenges. Siddharth Poddar reports.
The sovereign fund, which has received US antitrust approval to raise its stake in Merrill Lynch, has doubled its profits to S$18.2 billion. Though it predicts continued credit market fallout will dampen the economy, Temasek has indicated it will continue to do direct deals in financial services.
Morgan Stanley Private Equity Asia has pulled out of its proposed acquisition of the Korean electronics manufacturer, reportedly over disputes with an electronics labour union. Ripplewood had previously agreed to pay $740m for Daewoo, but the deal also fell through.
Olympus has made its fourth Chinese investment with a growth capital infusion in Zhongwang International, the world's third largest aluminium profile company.
MBK Partners is set to invest ¥7bn in Tasaki Shinju to help strengthen the company's domestic market position and expand its overseas operations. This will be the firm's second deal in Japan.
MBK Partners is set to invest ¥7bn in Tasaki Shinju to help strengthen the company's domestic market position and expand its overseas operations. This will be the firm's second deal in Japan.
HSBC has entered into an agreement with KEB's labour union, affirming that the Korean bank will not be delisted and that its employees will be protected, if its buyout attempt is approved.
HSBC has entered into an agreement with KEB's labour union, affirming that the Korean bank will not be delisted and that its employees will be protected, if its buyout attempt is approved.