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Author: Deal Street Asia Online News
The LP View: Asset allocators lean on direct deals, co-investments to garner better returns
More and more limited partners (LPs), betting big on India, are now coming forward to pick up stakes directly in companies, trying to replicate the windfall that some of the fund managers have been able to produce in the country over the past few years. Go to Source
Capsquare Asia Partners said to raise continuation fund to exit Indonesia’s Champ Resto
Indonesia-focused private equity firm Capsquare Asia Partners is considering raising a continuation fund to support the exit from IDX-listed restaurant operator PT Champ Resto Indonesia Tbk, multiple sources aware of the development told DealStreetAsia. Go to Source
Charticle: Independent VCs catch up as average cheque sizes of China’s CVCs shrink
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General Atlantic’s Sandeep Naik may step down as India, SEA head by year-end: Report
Global private equity (PE) major General Atlantic could soon see a rejig in its top management. Sandeep Naik, its head of India and Southeast Asia, is tipped to leave his position by the end of this calendar year and take on an advisory role. The development was first reported by MoneyControl, which said Naik’s current… Continue reading General Atlantic’s Sandeep Naik may step down as India, SEA head by year-end: Report
Metro Pacific, GIC to take $1b stake in Indonesian toll road operator
Metro Pacific Tollways and Singapore sovereign wealth fund, GIC, will take up a stake worth $1 billion in a unit of Indonesian toll road operator, PT Jasa Marga, the affiliate of the Philippines’ Metro Pacific Investments said on Monday. The companies would take up a 35% stake in Jasamarga Transjawa Tol, which is a network… Continue reading Metro Pacific, GIC to take $1b stake in Indonesian toll road operator
India Digest: Matrix Partners rebrands India, China units; Zomato gets GST notice
US-headquartered venture capital firm Matrix Partners has rebranded its India and China units while food delivery giant Zomato has received a GST demand of over Rs 9.45 crore for 2019-20. Matrix Partners rebrands India, China arms US-headquartered venture capitalist Matrix Partners is rebranding its India unit to z47 while its China arm will be renamed… Continue reading India Digest: Matrix Partners rebrands India, China units; Zomato gets GST notice
China refines financial stability law to strengthen risk prevention
China’s new financial stability law draft bill improved provisions on financial risks prevention and control, according to draft revisions released on Monday. Revisions to the draft bill underwent the second round of review by China’s top legislature, the National People’s Congress (NPC) standing committee, and are open for public feedback until July 27th, according to… Continue reading China refines financial stability law to strengthen risk prevention
Indonesia’s Delta Dunia eyes more deals as it completes US coal buy
Indonesia’s Delta Dunia Group plans to grow through acquisitions, backed by strong support from its lenders, after it completed the $122.4 million purchase of Atlantic Carbon Group on Monday, director Iwan Salim said. The Jakarta-listed company has been diversifying beyond its home base of Indonesia where it runs its BUMA coal mining services business. It… Continue reading Indonesia’s Delta Dunia eyes more deals as it completes US coal buy
Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium saysThe $5.2 billion sale of Yandex is the largest deal b…
A Russian consortium leading a buyout of Yandex, often dubbed Russia’s Google, from its Dutch parent company Yandex NV said on Monday it has received bids from investors to exchange 43.9 million shares as part of the deal. Yandex is being bought by a consortium made up of senior Yandex Russian management, a fund controlled… Continue reading Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium saysThe $5.2 billion sale of Yandex is the largest deal b…