Asia Private Equity Weekly News, August 25, 2014
August 25 (Reuters) - News and developments in Asia private equity from Reuters News for the week ending August 22.
PRIVATE EQUITY firms Affinity Equity Partners and CVC Capital Partners are among potential bidders for South Korea's No. 1 car rental company, KT Rental, in a sale expected to fetch around 800 billion won ($786 million), people familiar with the matter said.
ORCHID ASIA, one of China's oldest private equity firms, said on Thursday it had closed its sixth private equity growth fund, raising $920 million, well above its original target, on a record of strong returns to investors.
CATALYST CEL Fund, jointly managed by Israel's Catalyst Equity Management Ltd and Hong Kong listed China Everbright Ltd , said it had agreed to invest $42 million in Lamina Technologies, a Swiss-based maker of metal-cutting tools.
AUSTRALIAN INDUSTRY compliance firm and takeover target SAI Global Ltd announced a return to an annual net profit from a loss the previous year, hitting analysts' forecasts as it fields a number of potential takeover offers. Continued...