Government of Singapore Investment Corp (GIC) and Canada's Ontario Teachers Pension Plan are among final bidders to buy stakes in South Korea's unlisted Kyobo Life Insurance.
Asia/Pacific
Meilele Announces Close of $40M Series B Financing
Lightspeed China Partners has invested in the Series B financing round of Meilele. Lightspeed China Partners, a leading China focused venture capital firm, has invested in the Series B financing round of Meilele, the largest online retailer of self-branded furniture in China.
China Q1 outbound investments at $21.4 bln -study
China's outbound investments accelerated to $21.4 billion in the first three months of 2012 after stalling last year.
Resources, state dominate China outbound investment-study
Resource deals dominated China's outbound investment of $21.4 billion in the first three months of 2012.
Blackstone ups bet on Asia hedge fund manager Taylor
Blackstone Group has raised its exposure to former Citadel trader Nick Taylor by putting up another $50 million to co-invest with his Asia-focused hedge fund.
Latest News
Emerging markets fund CVCI Private Equity and a co-investor advised by Thai Strategic Capital have bought a significant minority stake in Thai skincare company Wuttisak Clinic Inter Group Co Ltd.
Yuanta Financial (2885.TW) has pulled out of talks on a deal worth up to $1.25 billion to buy Carlyle Group-backed Taiwanese bank Ta Chong.
Asia private equity funds line up dollars for Myanmar Hong Kong's Cube Capital and Marc Faber-backed Leopard Capital are among Asian private equity firms lining up nearly $500 million aimed at Myanmar, hoping to tap into its rich natural resources and fill its infrastructure void, as sanctions on the former pariah state are lifted.
China faces "invisible impediments" to investing in some parts of Europe, with Europeans nervous about allowing it to move into sectors such as nuclear power, a senior official at China's sovereign wealth fund said on Tuesday.
Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion.
Uzbekistan has signed a deal with a consortium of foreign banks to obtain loans worth a total of $2. 54 billion to build a gas and chemicals complex on its Surgil field, state oil and gas company Uzbekneftegaz said.
News and developments in Asia private equity from Reuters News for the week ending May 18. News and developments in Asia private equity from Reuters News for the week ending May 18.
Israel's IDB Development Corp agreed to sell 49.9 percent out of its 60.5 percent stake in Clal Industries and Investments (CII) to U.S.-based Access Industries .
Asia's private equity funds are moving closer to North American and European peers in key areas, but despite a tight fundraising climate they still charge higher management fees than their global peers.
