KKR has invested in Vats Liquor Store, the largest nationwide liquor store chain operator in China. "KKR is a world-class institutional investment firm and a pioneer in the global private equity industry, with an outstanding investment track record globally and within China," says Xiangdong Wu, chairman of Vats. "We are

Global Opportunistic Fund II, a pre-IPO and IPO fund managed by Global Capital Management, has concluded an exit from its investment in Evergrande Real Estate Group. Primarily driven by the divestment of Evergrande as well as income from other investments, GOF II declared a distribution of USD61.2m representing 20 per

Funds managed by Aureos Capital have completed a USD10m investment in BSR Super Speciality Hospitals, an Indian healthcare group. Aureos Capital is a private equity fund management company specialising in investing in small and medium sized businesses in emerging markets. BSR currently owns and operates six diagnostic centres and two

The Blackstone Group has named Michael Chae, a senior managing director in its private equity group, as head of private equity in Asia, based in Hong Kong.  Chae will also assume responsibility for the firm’s limited partner marketing personnel in Asia Pacific and will coordinate firm-wide relationships with the firm’s

Vietnam-focused fund manager Dragon Capital has exited three private equity holdings in 2010 worth USD60m. In March, Dragon Capital sold its VP Bank stake at a 30 per cent premium to its carrying value. Dragon Capital invested in ten per cent of VP Bank in 1996. A partial exit occurred

KKR, TPG, Government of Singapore Investment Corporation and The Great Eastern Life Assurance Company have received all required regulatory approvals for the purchase of Morgan Stanley’s stake in China International Capital Corporation. Li Jiange, chairman of CICC, says: "This year is CICC’s 15th anniversary. The change in our shareholding will

Infinity Group, a specialist in cross border China, RMB and dollar private equity funds, has led a USD14.3m investment in THT Heat Transfer Technology at a pre-money valuation of USD51.2m (USD3.20 per share), with an investment of USD9.0m. MC Capital, Zhejiang Jinqiao and other investors also participated in the securities

Geo Genesis Group, an advisory and investment company focussed on China and other emerging markets, has signed an agreement with Zhejiang Yongle Alloy Wheel, a Chinese aluminium alloy wheel manufacturer, to provide consultancy services to structure a stock exchange listing and associated financing of up to USD10m.  The agreement follows