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Pin to quick picks3i Group Share News (III)

Share Price Information for 3i Group (III)

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Share Price: 2,842.00
Bid: 2,841.00
Ask: 2,843.00
Change: -2.00 (-0.07%)
Spread: 2.00 (0.07%)
Open: 2,871.00
High: 2,881.00
Low: 2,841.00
Prev. Close: 2,844.00
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3i Group is an Investment Trust

To provide its shareholders with quoted access to private equity and infrastructure returns, its main focus is on making quoted and unquoted equity and/ or debt investments in businesses and funds in Europe, Asia and the Americas.

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Asia Private Equity Weekly News, February 18, 2013

Mon, 18th Feb 2013 01:59

HONG KONG, Feb 18 (Reuters) - News and developments in Asiaprivate equity from Reuters News for the week ending Feb. 15.

FEBRUARY 15

CARLYLE GROUP is launching an initial public offeringfor automotive industry systems supplier Broadleaf of as much as23.3 billion yen ($248.37 million), IFR reported.Carlyle-related funds will offload 16.48 million shares to raise17.8 billion yen.

FEBRUARY 14

JAPANESE BREWER Asahi Group Holdings Ltd is suingPacific Equity Partners and Unitas Capital Pte Ltd, allegingthey inflated the earnings of the Independent Liquor business itbought in 2011 for NZ$1.5 billion ($1.3 billion).

FEBRUARY 12

PRIVATE EQUITY firm Apax Partners LLP sold half its stake inApollo Hospitals Enterprise Ltd, India's largesthospital chain, to Oppenheimer Funds Inc for about 5.23 billionrupees ($97 million).

FEBRUARY 8

CITIC PRIVATE Equity has agreed a deal to take privateChinese biotechnology firm 3SBio for about $340million.

THE GLOBAL real estate fund of Morgan Stanley is intalks with the Wadhwa Group to invest 9 billion to 10 billionrupees ($168-$186 million) in an office development in India'sfinancial capital of Mumbai, three sources familiar with thematter told Reuters.

INTERVIEW-PT Lippo Karawaci may split off itshospital division into a separate unit to prepare for an IPO ora strategic investment, its top executive said, as Indonesia'sbiggest property firm by market value seeks funds to expand inthe growing healthcare industry.

FEBRUARY 7

A $2.1 BILLION share auction in Indian state-run powerutility NTPC Ltd was fully covered, taking thegovernment closer to its target of raising money through stakesales in state enterprises to lower its fiscal deficit.

FISKER AUTOMOTIVE Inc, the green-car startup that is seekinginvestors and partners to cut costs, hopes to launch itsbusiness in China in May, said Henrik Fisker, executive chairmanand cofounder.

U.S. PRIVATE equity firm Blackstone Group, along withtwo other companies, have agreed to buy a business park in southIndia for 19.5 billion rupees ($367 million), two sources withdirect knowledge told Reuters.

FEBRUARY 6

HONG KONG-based private equity firm Headland CapitalPartners said it has entered into a partnership with thefounding Pang family of Mamee-Double Decker Bhd, one ofMalaysia's largest domestic food and beverages makers.

CHINA RESOURCES Capital, the financial services arm of ChinaResources Holdings, said it has raised a RMB956 million yuan($153.4 million) fund, and will co-invest with China Vanke in a residential development project in Shanghai.

FEBRUARY 5

THAILAND'S TOP retailer, unlisted Central Group, said it wasin talks to buy four or five assets worldwide including adepartment store in Indonesia.

SINGAPORE'S STATE investor Temasek Holdings willindirectly buy a 26.1 percent stake in Indonesia's secondbiggest hypermarket-chain operator worth $300 million via PTMultipolar, as it aims to tap growing consumer demandin Indonesia.

EMERGING MARKET private equity funds in 2012 had their bestyear for raising capital since 2008, pulling in $40.3 billion,although the amount of money committed to investment dropped asless flowed into sector juggernauts China and India.

SINGAPORE-BASED private equity firm Asia Growth CapitalAdvisors (AGCA), which spun out of Credit Suisse Private Equity Asia in 2010, has acquired a portfolio of assetsfrom its former parent, backed by HarbourVest Partners and AxiomAsia, according to a statement from AGCA.

FEBRUARY 4

PHILIPPINE LONG Distance Telephone Co said it willsell a majority stake in its business process outsourcing unitto private equity firm CVC Capital Partners Ltd - adeal that underlines rising interest in the Philippines as aninvestment destination.

THE CLOSELY guarded performance of some top-tier venturecapital funds in which the University of California invested aportion of its $10.65 billion endowment must become public, ajudge said.

FEBRUARY 3

TPG CAPITAL and Affinity Equity Partners refinancedpart of the leveraged debt at Singapore's United Test & AssemblyCenter Ltd, a deal Reuters first reported in October, through a$625 million bond and $125 million revolving credit, Basis Pointreported.

BARING PRIVATE Equity Asia sold its entire position of 10.83million shares in Taiwan-listed pneumatic machinery maker andsupplier Airtac International for NT$1.88 billion (US$63.6million), IFR reported.

BRITISH PRIVATE equity group 3i Group Plc said itshead of Asia operations Anil Ahuja and a senior India executivewill be leaving the company and named Samir Palod as head of theIndia team.

AUSTRALIAN BUYOUT firm Quadrant Private Equity said it isactively considering an initial public offering of its VirtusHealth in vitro fertilisation business, the largest IVF group inthe Asia-Pacific region.

BLACKSTONE GROUP, the U.S.-based asset manager, said it hadacquired a controlling stake in two seaplane operators based inthe Maldives.

PUMA ENERGY has agreed to buy independent Australian fueldistributor and retailer Ausfuel from private equity firm ArcherCapital, the companies said, in a deal media reported could beworth up to A$650 million ($676 million). ($1 = 93.8100 Japanese yen)($1 = 29.5395 Taiwan dollars)

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