China-focused private equity group Boyu Capital is set to close $1.5-billion for its second buyout fund within a few weeks, according to people familiar with the matter.
Tags: China
Actavis exits stake in China joint venture to Chiral
Dublin, Ireland-based pharmaceutical firm Actavis sold its stake in Chinese subsidiary Actavis (Foshan Pharmaceutical Co) for an undisclosed sum because of its limited presence in the country.
ASL Marine to acquire Miclyn Express Offshore shipyard in Indonesia for $20M
Singapore-based shipbuilder ASL Marine Holdings agreed to acquire Miclyn Express Offshore's shipyard in Batam, Indonesia for $20 million through it subsidiary PT Sukses Shipyard Indonesia.
Emerging market private equity investors still drawn to China- FT
China will continue to attract private equity investors of emerging markets, according to Paul Fletcher of Actis and Sev Vettivetpillai of Abraaj in their talk with Peter Vanham of Financial Times blog beyondbrics.
PCH acquires Canadian e-commerce startup ShopLocket
Cork, Ireland-based product development services provider PCH International acquired Toronto, Canada-based e-commerce platform ShopLocket for an undisclosed amount to provide development solutions for hardware startups.
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Chinese auto manufacturer BAIC Motor plans to raise around $2 billion in an initial public offering (IPO) in Hong Kong in 2014's second quarter, according to sources cited by Thomson Reuters publication IFR.
New York, US-based firm Forbes Media attracted the attention of six different bidders including Germany-based multimedia company Axel Springer.
China based mobile app distribution platform Wandoujia raised $120 million in a recent funding round led by SoftBank Corp, for the acceleration of its growth and development of its mobile search technology.
UK-based institutional currency investment manager Millennium Global Holdings Inc acquired a 51% stake in Philippine-based seafood exports business Millennium Ocean Star Corp in a deal valued at PHP137.91 million.
China-based automotive glass supplier Fuyao Glass Industry Co will pour in a $200-million investment to build a manufacturing facility at the former assembly plant of General Motors (GM) in Ohio, US.
Private equity firm CVC Capital Partners will invest over $200 million for a stake in Chinese education company EIC Group. CVC will buy the stake from rival investment firm Actis Capital.
Shandong, China-based cotton and yarn manufacturer Shandong Ruyi Technology Group Co Ltd will invest $2 billion in the energy and textile sectors of Pakistan over the next two years.
The insurance unit of Portugal's Caixa Geral de Depositos SA will be acquired by China's Fosun International Ltd in a deal worth €1 billion, Reuters reported.
Qihoo 360 Techology Co., China's second-largest search engine by users, on Thursday dismissed rumors that e-commerce major Alibaba Group Holding would pick up a stake in the company. Qihoo shares surged 9.3% on Wednesday on speculation the two companies were in talks over a deal.
