The $550m SunTelephone acquisition represents Bain Capital’s second Asian deal, as the Boston firm preps a dedicated fund for the region and names a high-profile local professional.
The global insurer’s fourth fund of funds vehicle closed well in excess of both its $400m target and its $239m predecessor.
Kennet Partners, a private equity firm, has sold a risk management business to IBM in its third exit in 2006.
In the same week, the New York private equity firm has acquired $74m in Boston properties and closed a net-lease fund on $160m.
New York-based Apollo and Indian investment group SUN have closed a $630m fund focused on the Indian property sector.
The Nordic firm is fast transforming itself into a alternative asset powerhouse with mezzanine and special situation funds to complement its buyout business and has underlined its territorial expansion with a second China fund.
After just two years in business, Dubai International Capital has amassed a $5 billion portfolio of public and private assets. Much more is to come, chief executive Sameer Al Ansari tells PEI Asia.
The European private equity firm has embarked on its first deal in Spain since opening its office in September this year with the acquisition of Avanza, a bus operator.
The London- and Paris-based investment group has wrapped up a total of €86m in fresh funding.
Much hinges on whether the proposed buyout of Australian airline Qantas proceeds smoothly. By Andy Thomson
Having devoted much time and effort to China, Silicon Valley VCs are beginning to turn their attention to Asia’s other emerging giant. By Andy Thomson.
The private equity arm of AIG will buy the North American port assets from the UK’s P&O Holdings, which is selling ports to a Dubai firm. The initial deal caused a national-security row among US policymakers.
Sequoia Capital India and Battery Ventures are injecting a combined $15 million in a second round of funding sought by Travelguru, an Indian online travel portal.
The quoted private equity manager estimates there are companies worth about €70bn where an investment would be more appropriate than an all-cash take-private and it has built a heavyweight team to tackle the opportunity.
Starwood Capital’s Barry Sternlicht gets specific about the firm’s plans for India—which could include $500 million in investment in real estate on the subcontinent. By Aaron Lovell.