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   October 2008
All  |  Week 1  |  Week 2  |  Week 3  |  Week 4  |  Week 5
Blackstone completes 20% stake purchase in Bluestar
Wan Zhihong - Reuters- 07 October 2008
China National Bluestar Group Corp (Bluestar) yesterday said it completed a stake transfer with Blackstone Group, in which the US... (source)
EnerMech emerges
Mark Williamson - The Herald- 07 October 2008
A team of oil services veterans has won backing from financiers for a campaign to build a new sector player... (source)
MFI puts units into administration after MBO
James Thompson - The Independent- 07 October 2008
Fundraising decline boosts Asian funds
Lina Saigol - Financial Times- 07 October 2008
Asian-focused private equity funds surpassed the total capital raised in Europe in the third quarter as turmoil in the... (source)
Reed's finance offer falling short-source
Jui Chakravorty Das - Reuters- 07 October 2008
The financing package offered by Reed Elsevier in the sale of its trade publication unit might come in smaller than... (source)
Hanwha may sell 20 pct of Korea Life -source
Reuters- 07 October 2008
South Korea's Hanwha Group is considering selling 20 percent of its life insurance unit to fund its possible purchase of... (source)
AMD to spin off plants, gets $8.4 billion investment (update1)
Ian King - Bloomberg- 07 October 2008
Fund of private equity funds manager Pantheon hires two in San Francisco
Private Equity Wire- 07 October 2008
Private equity fund of funds manager Pantheon Ventures has strengthened its team in San Francisco with the new... (source)
CBA in talks to buy BankWest
Michael Hobbs - Financial Standard- 07 October 2008
The Commonwealth Bank is negotiating with HBOS plc to purchase BankWest but both parties are yet to reach an... (source)
Lehman requests expedited sale for Neuberger Berman
Reuters- 07 October 2008
Bankrupt Lehman Brothers Holdings Inc on Monday filed court papers requesting expedited sale procedures for its asset management unit, Neuberger... (source)
Bidders rethink Asia M&A deals
Sundeep Tucker - Financial Times- 06 October 2008
Huawei and PCCW are both seeking to divest substantial stakes in important business units but the financial turmoil is forcing... (source)
AIG's Philippine unit says has 10 interested buyers
Reuters- 06 October 2008
The Philippine unit of American International Group (AIG) has received offers from about 10 "respectable" groups interested in buying the... (source)
Heinz Australia buys Golden Circle for $220 mln
Reuters- 06 October 2008
The Australian unit of H.J. Heinz Co will buy food producer Golden Circle Ltd in a deal valuing the canned... (source)
Cleantech Forum comes to Mumbai
Rajiv Tikoo - The Financial Express- 06 October 2008
Cleantech venture investment has already surpassed last year’s total of $6.0 billion and stands at $6.6 billion, according to the... (source)
Axis to inject RM300mil assets over next two years
Angie Ng - The Star Online- 06 October 2008
AXIS REIT Managers Bhd has lined up more than RM300mil worth of assets to be injected into Axis real estate... (source)
Blink and JetBird aim to slash cost of private jet travel in Europe
Kevin Done - Financial Times- 06 October 2008
Undaunted by the difficulties that have recently beset similar ventures in the US, two start-up groups, Blink of the UK... (source)
NSSF eyes stake in China Development Bank
China Knowledge- 06 October 2008
China's national pension fund, the National Social Security Fund (NSSF), plans to invest in the China Development Bank (CDB) as... (source)
Gas pipeline for southern Peru
Naomi Mapstone - Financial Times- 06 October 2008
Construction of a $1.4bn, 700-mile pipeline to carry natural gas from Peru's Camisea fields to its impoverished south will begin... (source)
AirAsia stock rises as newspaper reports buyout plan (update1)
Angus Whitley - Bloomberg- 06 October 2008
ANZ's opus after Opes to hit home
Eric Johnston - The Age- 06 October 2008
ANZ's custodian and private equity operations are among the businesses that could be wound down as the bank nears completion... (source)
JVP raises $100m toward fifth fund
Batya Feldman - Globes [online]- 05 October 2008
Jerusalem Venture Partners (JVP) has made its return to the local venture capital industry, a year and a half after... (source)
Temasek to target more Asian investments
John Burton - Financial Times- 05 October 2008
Temasek Holdings, the Singapore state investment company, plans to use the proceeds from the sale of an Indonesian bank last... (source)
Crisis is foreseen in housing owned by private equity firms
Charles V Bagli - The New York Times- 05 October 2008
Bitwine acquired by Monster Venture Partners
Michael Arrington - Washington Post- 05 October 2008
CIBC lowers U.S. risk with $1.05 bln Cerberus loan
Ka Yan Ng & Lynne Olver - Reuters- 04 October 2008
Canadian Imperial Bank of Commerce said on Friday that a $1.05 billion loan agreement with private equity group Cerberus Capital... (source)
Inovia capital adds two venture partners
The Gazette- 04 October 2008
Montreal-based iNovia Capital, a manager of seed and early stage venture capital funds, has added two new venture partners to... (source)
Bidders for Danone's Frucor losing interest-paper
Reuters- 03 October 2008
Private equity firm CCMP Capital Asia has quit an auction for Danone's Australian and New Zealand business, Frucor Beverages,... (source)
NII, private equity firms interested in Nextel unit: report
Reuters- 03 October 2008
Sprint Nextel Corp, which has been considering a sale of its Nextel unit, has received interest from Latin American service... (source)
Virgin America close to further funding
Justin Baer - Financial Times- 03 October 2008
Virgin America is near an agreement with its investors to infuse the fledgling carrier with additional cash needed to fund... (source)
Lehman seeks options for private equity unit
Megan Davies - Reuters- 03 October 2008
Stricken U.S. investment bank Lehman Brothers said on Thursday it was pursuing strategic alternatives for its private equity and venture... (source)
Blackstone said to complete BlueStar purchase, first in China
Cathy Chan - Bloomberg- 03 October 2008
Liquidity for US venture-backed companies slips to lowest since 2003, says Dow Jones
Private Equity Wire- 03 October 2008
In the third quarter, venture-backed companies generated just USD4.57bn in liquidity through initial public offerings and mergers and... (source)
GMAC $2.7bn loan sale failure
Nicole Bullock - Financial Times- 03 October 2008
GMAC yesterday failed to sell a $2.7bn portfolio of loans as conditions across the credit markets continued to... (source)
Venture capital slows to a trickle in Ottawa
Vito Pilieci - The Ottawa Citizen- 03 October 2008
The financial crisis in the United States is drying up credit around the world and is now making it next... (source)
SBI, Temasek fund to invest in Asian financials (update1)
Tomoko Yamazaki - Bloomberg- 03 October 2008
Japan's Daito shelves buyout amid credit crunch
Reuters- 03 October 2008
Japanese property firm Daito Trust Construction Co shelved a planned buyout that could have exceeded $6 billion, after the funds... (source)
Australian-born solar technology company gets $76 million in funding
James Thomson - Smart Company- 02 October 2008
Ausra, a solar technology company founded by Australian researcher David Mills, has secured a $76 million funding package from a... (source)
Centric raises $100m in rights issue
Michael Hobbs - Financial Standard- 02 October 2008
Centric Wealth struck an agreement with CHAMP Private Equity to underwrite a $100 million rights issue to retire short-term debt... (source)
EDF nears KKR deal in Constellation push- FT
Reuters- 02 October 2008
EDF is close to a deal with private equity group Kohlberg Kravis Roberts & Co that it hopes could... (source)
UBS faces US private client account headache
Haig Simonian - Financial Times- 02 October 2008
UBS is still grappling with how to tackle top US private clients with accounts in Switzerland, amid fears that the... (source)
IPOs slow to lowest in decade
Robert Weisman - Boston.com- 02 October 2008
As the financial crisis deepens, venture capital firms that bankroll high-tech and life sciences start-ups are experiencing the slowest market... (source)
AIG prepares large asset sale
Sender, Guerrera & Baer - Financial Times- 02 October 2008
AIG is poised to tomorrow kick-start a sale of assets that is likely to attract interest from potential buyers including... (source)
Aviation investment may take off for Allco
Mathew Murphy - The Age- 02 October 2008
AS Allco Finance Group tries to claw its way back from the brink, it believes its investment strategy in the... (source)
Investec commodity arm may start private equity fund, WSJ says
Jim McDonald - Bloomberg- 02 October 2008
Private equity-backed companies less likely to go into Pension Protection Fund, says Close
Private Equity Wire- 02 October 2008
Companies backed by private equity firms account for just 29 per cent of the pension schemes that have been forced... (source)
Blackstone said to delay start of Asian event fund (update1)
Bei Hu - Bloomberg- 02 October 2008
Actis investments in Africa hits N295bn
Michael Eboh - Vanguard Online- 01 October 2008
Actis West Africa, a private equity firm, with investment in emerging markets worldwide, has announced that its investments in Africa... (source)
US judge orders Hexion to close takeover
Julie MacIntosh & Henny Sender - Financial Times- 01 October 2008
A Delaware judge has ordered Apollo Management and Hexion to close an agreed $6.5bn takeover of Huntsman despite a slump... (source)
JC Flowers keeps faith in HRE despite loss
James Wilson - Financial Times- 01 October 2008
JC Flowers, the US private equity investor, is likely to stick with its minority stake in Hypo Real Estate in... (source)
Silicon Valley in liquidity crisis
Kevin Allison - Financial Times- 01 October 2008
As Wall Street faces cash crunch, Silicon Valley is grappling with liquidity problems of its own, according to venture capital... (source)
Financial hubs see an opening up at the top
Ariana Eunjung Cha - Washington Post- 01 October 2008
The US may be grappling with its worst economic crisis, but these are go-go days in... (source)
Six shortlisted in Cemex Australia unit sale - sources
Reuters- 01 October 2008
At least six bidders have been shortlisted for a potential sale of Cemex's Humes business in Australia, including private equity... (source)
Close private equity arm announces second chemical deal with sale of BWA Water Additives
Private Equity Wire- 01 October 2008
Close Brothers Private Equity has sold BWA Water Additives to United International Bank, an investment bank based in Bahrain, for... (source)
Xstrata abandons Lonmin bid due to credit crisis
Eric Onstad - Reuters- 01 October 2008
Miner Xstrata Plc said on Wednesday it would not make a formal $10bn takeover offer for No. 3 platinum producer... (source)
The Gores Group and Siemens AG complete transaction creating joint venture
Centre Daily Times- 01 October 2008
Siemens AG and The Gores Group, a US-based private equity firm, have completed a joint venture transaction in which Gores... (source)
Buyout bubble about to burst?
Andrew Willis - Globe and Mail- 01 October 2008
The coming wave of M&A will see debt-heavy private equity funds shed portfolio companies, according to analysts Catharine Sterritt of... (source)

 
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