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Asia Private Equity Weekly News, June 11, 2012

News and developments in Asia private equity from Reuters News for the week ending June 8. News and developments in Asia private equity from Reuters News for the week ending June 8.


Facebook backer turns his attention to Brazil

One of Facebook's earliest investors has turned his attention to a distant market with a small but lively start-up scene: Brazil.

IT security provider Qualys files for $100 million IPO

Cloud security provider Qualys Inc filed with U. S. regulators to raise up to $100 million in an initial public offering of its common stock. The company, which provides a cloud computing based platform for companies to secure their IT infrastructure, said it plans to list under the symbol "QLYS", but did not say on which exchange.

Sweden to close $880 mln private equity tax loophole

Sweden is to close a loophole used by private equity groups and others to avoid tax. Sweden is to close a loophole used by private equity groups and others to avoid tax, the government said on Friday, provoking criticism from the main business lobby.


Latest News

MVC Capital, Inc. (NYSE: MVC), a publicly traded business development company that makes private debt and equity investments, will invest up to $3.05 million in Biovation Holdings.
New initiative targets startup debt capital needs, connects firms with scalable technology solutions, markets and networks for growth.
Lightspeed China Partners has invested in the Series B financing round of Meilele. Lightspeed China Partners, a leading China focused venture capital firm, has invested in the Series B financing round of Meilele, the largest online retailer of self-branded furniture in China.
The Babcock & Wilcox Company (NYSE: BWC) (“B&W”) has completed the amendment and restatement of its existing $700 million senior secured credit facility.
European Union competition regulators are set to put pressure on Vivendi's Universal Music to offer concessions in its bid to buy smaller rival EMI's recorded music business.
Two main shareholders of loss-making insurer Fondiaria-SAI on Friday rejected a key condition of a planned merger with smaller peer Unipol.
Nice Entertainment Group (Nice) has signed an agreement to acquire Norwegian event management company Playroom AS.
Europe's traditional phone companies are about to face more competition from a group of Nordic start-ups that will offer low-cost mobile calls and other services.
China's energy giants are slowing their purchases of overseas unconventional oil and gas assets following two years of aggressive investment.
Private equity investments in energy offer rich pickings for investors willing to take a long-term view and capitalize on global trends.