Asias Private Equity News Source avcj.com November 12 2013 Volume 26 Number 43
focus2013 AVcJ AWARDs
Emergency repairsGPs are eyeing distress opportunities in Asia, but can they capitalize? Page 8
AVCJ award winnersKKR, MBK Partners, CVC take top prizes Page 6
Movies on the moveVCs plot the future of China online video Page 11
Kedaara closes debut India fund at $540m
Page 13Armstrong raises $164m for SE Asia cleantech fund
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pRofile
funDs
Data file Page 15
Helion Venture Partners Sanjeev Aggarwal
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Please vote in the 2013 AVCJ India Awards
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Carlyle, CHAMP PE, Exhilway, Globis, Headland, Hopu, H&Q Korea, IDFC, Innovation Works, Jiuding, KIC, OTPP, Polaris, Temasek
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eDitoRs VieWpoint
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AVcJ ReseARcH
Number 43 | Volume 26 | November 12 2013 | avcj.com 3
eDitoRs [email protected]
Voting has opened for the 2013 aVCJ Indian Private Equity & Venture Capital Awards. The regions private equity community has until November 22 to pay tribute to the leading fundraising, investments, exits, individuals and firms of the past 12 months.
Votes are cast via the awards website (www.asianfn.com/voteind.asp). Full details of the process, rules and past winners can be found at the awards website (http://www.avcjindia.com/static/2013-avcj-india-awards). No more than 10 votes will be accepted from employees of a single firm. The public has a 50% say in the result, with an industry judging panel and the AVCJ Editorial Board each accounting for 25%.
Based in part on recommendations submitted by the private equity community, the AVCJ Editorial Board drew up nominee shortlists in consultation with the judging panel.
The nominees in each category are as follows:
FUNDRAISING OF THE YEAR AavishkaarIndiaII(AavishkaarVentureManagement)
IndiaInfrastructureFundII(IDFCAlternatives)
KedaaraCapitalI(KedaaraCapital) IndiaBusinessExcellenceFundII(MotilalOswalPrivateEquity)
TataOpportunitiesFund(TataCapital)
VENTURE CAPITAL DEAL OF THE YEAR Babyoye&Hoopos(TigerGlobal/HelionVenturePartners/AccelPartners)
FlipkartOnlineServices(Naspers/TigerGlobal/AccelPartners/IconiqCapital/MorganStanley/Sofina/DragoneerInvestmentGroup/VulcanCapital)
NxtGenDataCenter&CloudServices(IntelCapital)
SimplilearnSolutions(HelionVenturePartners/KalaariCapital)
Snapdeal(eBay/IntelCapital/BVP/NexusVenturePartners/ru-Net/KalaariCapital/SaamaCapital)
PRIVATE EQUITY DEAL OF THE YEAR AllianceTireGroup(KKR) CavinKare(ChrysCapitalPartners) CSS(PartnersGroup) HexawareTechnologies(BaringPrivateEquityAsia)
PVR(LCapitalAsia/MultiplesAlternativeAssetManagement)
EXIT OF THE YEAR ApolloHospitals(ApaxPartners) BushFoodsOverseas(StandardChartered
PrivateEquity) JustDial(EGCS/SAIFPartners/SAPVentures/SequoiaCapital/TemasekHoldings/TigerGlobal)
PilaniSoftLabs/redBus(HelionVenturePartners/InventusCapitalPartners/Seedfund)
ShriramTransportFinance(TPGCapital)
PRIVATE EQUITY PROFESSIONAL OF THE YEAR JimmyMahtani(BaringPrivateEquityAsia) M.K.Sinha(IDFCAlternatives) RenukaRamnath(MultiplesAlternativeAssetManagement)
RaviAdusumalli(SAIFPartners) VishalMahadevia(WarburgPincus)
FIRM OF THE YEAR BaringPrivateEquityAsia HelionVenturePartners IDFCAlternatives MotilalOswalPrivateEquity SAIFPartners
The winners will be announced at a gala dinner in Mumbai on December 5, during the AVCJ India Forum, which runs from December 5 to December 6. A roundup of the evening will appear in the following weeks issue of the Asian Venture Capital Journal, released on December 10.
Tim BurroughsManaging EditorAsian Venture Capital Journal
Voting opens for the India Awards
Managing Editor Tim Burroughs (852) 3411 4909
Staff Writers Andrew Woodman (852) 3411 4852 Mirzaan Jamwal (852) 3411 4821
Winnie Liu (852) 3411 4907
Creative Director Dicky Tang Designers
Catherine Chau, Edith Leung, Mansfield Hor, Tony Chow
Senior Research Manager Helen Lee
Research Manager Alfred Lam
Research Associates Herbert Yum, Isas Chu, Jason Chong, Kaho Mak
Circulation Manager Sally Yip
Circulation Administrator Prudence Lau
Manager, Delegate Sales Pauline Chen
Director, Business Development Darryl Mag
Manager, Business Development Anil Nathani, Samuel Lau
Sales Coordinator Debbie Koo
Conference Managers Jonathon Cohen, Sarah Doyle,
Zachary Reff Conference Administrator
Amelie Poon Conference Coordinator
Fiona Keung, Jovial Chung
Publishing Director Allen Lee
Managing Director Jonathon Whiteley
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avcj.com | November 12 2013 | Volume 26 | Number 434
AustrAlAsiA
CHAMP-owned Accolade to acquire NZ wine brandsAccolade Wines, a winemaker owned by Australias CHAMP Private Equity, has agreed to acquire a portfolio of wine brands from New Zealand counterpart Mud House Wine Group. The deal helps build upon Accolades existing portfolio of New Zealand wines while enabling the company to expand its distribution in Asia, Europe, the US.
KPMGs Australia PE head switches to singapore roleAndrew Thompson, head of private equity at KPMG Australia, is relocating to Singapore where he will take up a Southeast Asia-focused position with the firm. Thompson is joining the KPMG Singapore partnership with immediate effect. He will assist private equity and other investors as they develop their businesses across Southeast Asia.
GrEAtEr CHiNA
OtPP increases investment in Macau casino developer Ontario Teachers Pension Plan (OTPP) has invested HK$299.9 million ($38.7 million) in Macau casino and hotel developer Louis XIII Holdings through a zero-coupon convertible bond issue. This is the Canadian pension plans second commitment to the project, following a subscription to HK$1 billion in convertible bonds issued by Louis XIII subsidiary Paul Y Engineering in January.
Jiuding reaches first close on latest rMB fund Chinas Jiuding Capital has reached a first close of RMB1 billion ($164 million) on its latest renminbi-denominated vehicle, which has a full target of up to RMB3 billion. Jiuding Strategic Fund, which has already commenced investment, is expected to hold a final close by the end of this year. The fund received about 80% of commitments from institutional investors.
Google launches incubation program in Hong Kong Google has partnered with The Chinese University of Hong Kong (CUHK) to launch a one-
year incubation program to help students and young entrepreneurs in Hong Kong build their own businesses. An incubation and mentorship program will look to give entrepreneurs access to mentors that can often be hard to reach in Hong Kong.
innovation Works backs Chinese it job website Innovation Works has committed RMB2.5 million ($410,000) to IT job listing website Neitui. Neitui has around 20,000 registered users and more than 1,700 job seekers have posted their resumes. It lists jobs from some of Chinas biggest tech companies, including Tencent, Alibaba, Sina and Baidu and receives about 4,000 to 5,000 unique views per day.
Baidu to invest in VC-backed DigioneChinese search engine giant Baidu has invested in Digione, a Shenzhen-based handset manufacturer. Financial terms were not disclosed. According to AVCJ Research, Shenzhen Capital Group and Zheshang Venture Capital participated in a Series A round of funding to Digione two years ago. The investment will integrate the Baidu Cloud platform and handset manufacturing operations.
NOrtH AsiA
Carlyle set for partial exit from Japans ChimneyThe Carlyle Group is set to reap up to JPY14.3 billion ($145 million) through another partial exit from Japanese casual restaurant chain Chimney Corp, after agreeing to subscribe to a tender offer by liquor retailer Yamaya Corp. to acquire a 48.66% stake. The PE firm will sell 9.5 million s
