Global private equity and venture capital news and research

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3 July 2012

China Yongda relaunches IPO with backing from Baring, Prax

China Yongda Automobiles Services, a car dealership operator based in Shanghai, has relaunched its Hong Kong IPO after shelving plans to list in May after receiving tepid enthusiasm from investors, in a listing that could raise HK$1.67bn ($215m).

3 July 2012

Premafin deals blow to Italian insurer Fondiaria’s private equity admirers

Italian private equity firms Palladio Finanziaria and Sator have received a blow to their bid for insurer Fondiaria-SAI after owner Premafin announced it would press on with a capital increase which favours fellow bidder Unipol.

3 July 2012

Jumptap inks $27.5m from VC heavyweights, Martin Sorrell’s WPP

Mobile advertising company Jumptap has closed a $27.5m financing round from existing investors including General Catalyst Partners, Redpoint Ventures, Summerhill Ventures, Valhalla Partners, and WPP, the global advertising giant spearheaded by Martin Sorrell.

3 July 2012

Needle sews up $10.5m Shasta, Rembrandt-led financing round

needle-thread-sewing Shasta Ventures and Rembrandt Venture Partners have co-led a $10.5m financing round for social shopping facilitator Needle.

3 July 2012

BlackRock to buy Swiss Re Private Equity Partners

zurich_lrg BlackRock, the world’s largest asset manager, has agreed to buy the private equity and infrastructure fund of funds arm of insurance giant Swiss Re in a bid to bolster its presence in the infrastructure space and expand its European and Asian footprint.

3 July 2012

Treedom Investments launches sustainable forestry fund $

oak-tree_lrg Asian private equity firm Treedom Investments has launched a sustainable forestry impact investment vehicle, the Asia Renewable Resources Fund.

3 July 2012

First State Investments makes responsible investment hires

oulton_170sq First State Investments has hired Will Oulton as global head of responsible investment based in London. It has also appointed Pablo Berrutti to the newly created role of head of responsible investment Asia Pacific based in Sydney.

3 July 2012

Egeli & Co agriculture fund completes $1.7m Turkey dairy farm deal

Turkey’s first closed-ended agriculture fund has bought more than 90 per cent of the shares of dairy farm Doga Tarım for about $1.7m.

3 July 2012

Hi Mart shareholders refuse to extend talks with South Korea’s MBK

korea-10_sq Shareholders in Hi-mart Co have rejected a request by South Korean buyout fund MBK Partners to extend exclusivity talks to buy a controlling stake in the local electronics retailer, leaving the firm open to a rival offer from Lotte Shopping Co.

3 July 2012

One Equity Partners takes M*Modal private for $1.1bn

JP Morgan has sealed a $1.1bn take-private deal for clinical documentation services provider M*Modal through its buyout arm One Equity Partners.

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