by Sebastian | Nov 27, 2020 | News, SEAPEC
SAIC Motor, China’s largest state-owned carmaker and the Chinese partner of General Motors, has established a private equity fund to finance its forays into developing smart cars with the country’s biggest technology company Alibaba Group Holding. SAIC...
by Sebastian | Nov 27, 2020 | News, SEAPEC
Blackstone and Chinese online retailer JD.com are among more than 10 parties to bid for CMC Holdings, the sole distributor of FANCL’s skincare products in Asia outside Japan, people with direct knowledge of the matter said. Bain Capital, Carlyle, MBK Partners, Sequoia...
by Sebastian | Nov 26, 2020 | News, SEAPEC
When Deutsche Finance Group looked to crack the U.S. real estate market, it set its sights on a prime Manhattan corridor. In August 2018, the German investment firm’s new U.S. subsidiary picked up the top floors of the Gucci building with New York-based developer...
by Sebastian | Nov 26, 2020 | News, SEAPEC
Indonesia has approached US private equity firms including Blackstone and Carlyle to take part in a new sovereign wealth fund, marking a test of investor interest after the country passed sweeping reforms last month. The fund, which is seeking to raise up to $15bn,...
by Sebastian | Nov 25, 2020 | News, SEAPEC
Chinese private equity firm CITIC Capital plans to take private AsiaInfo Technologies Ltd in a deal that could value the telecom software provider at about $1.8 billion, two people with direct knowledge of the matter told Reuters. AsiaInfo’s largest shareholder with a...
by Sebastian | Nov 22, 2020 | News, SEAPEC
Blackstone Group Inc. is seeking to raise at least $5 billion for its second Asian private equity fund, people familiar with the matter said. The U.S. investment firm has started marketing the new vehicle, which is more than double the size of its first Asia fund,...
