Asia's private equity funds are moving closer to North American and European peers in key areas, but despite a tight fundraising climate they still charge higher management fees than their global peers.
Regions
Alibaba buys back stake held by Yahoo for $7.1 billion
Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion.
Vodacom says will fight on to keep Congo unit
South Africa's Vodacom said it will fight a court ruling that it must pay $21 million in consultancy fees or submit to the mandatory sale of its shares in its joint venture in the Democratic Republic of Congo.
Uzbekistan gets $2.54 bln in loans for gas project
Uzbekistan has signed a deal with a consortium of foreign banks to obtain loans worth a total of $2. 54 billion to build a gas and chemicals complex on its Surgil field, state oil and gas company Uzbekneftegaz said.
Asia Private Equity Weekly News, May 21, 2012
News and developments in Asia private equity from Reuters News for the week ending May 18. News and developments in Asia private equity from Reuters News for the week ending May 18.
Latest News
Private equity-backed CKE Inc filed with U.S. regulators on Thursday to raise up to $100 million in an initial public offering.
Global insurers Manulife Financial Corp, Metlife and Prudential Financial Corp are among suitors expected to place first-round bids on Friday to buy ING Groep's Asia life insurance unit in a deal worth about $6.5 billion to $7 billion.
The excitement of private equity opportunities in India, which reached fever pitch in 2007-2008, has crumbled.
Atlas Venture announced today that serial entrepreneur Christopher Lynch has joined its investment team.
Lightspeed China Partners, a leading China-focused venture capital firm, has made a Series A investment in Tujia.com
Largest-Ever Joint Investment Will Help Drive Product Development and Company Expansion. Qualtrics, the company that makes sophisticated research simple, has partnered with Accel Partners and Sequoia Capital in the two firms’ largest-ever joint investment.
Cuba's reform plans to attract more overseas investment are off to a slow start as the government focuses more on regulating existing foreign joint ventures than encouraging new ones, businessmen and diplomats say.
Private equity firms TPG Capital and Carlyle Group are separately considering bids for United Technologies Corp's industrial units at $3.5 billion to $4 billion.
Aviva could accelerate and expand asset sales as it seeks to mend relations with shareholders who last week forced out boss Andrew Moss, irked by its persistently weak share price.
