Sharon Lim

Dubai-based Abraaj Capital has acquired a controlling stake in a Pakistani forging house that specializes in steel components for the automotive industry. The deal is a first for Abraaj BMA Pakistan Buyout Fund, a $300 million investment vehicle.

NBK Capital, an investment and merchant banking subsidiary of the National Bank of Kuwait, has raised $200 million for a new private equity fund it hopes to close before the year is over.

CHAMP Ventures has made more than 3.5 times its money in just over two years via the secondary sale of a significant minority stake in ATF Hire Group, an Australian temporary fencing provider.

Sequoia Capital India is backing Carzonrent India, the exclusive long-term licensee of Hertz in the country for expansion.

H&Q Asia Pacific has made an investment in a Chinese manufacturer of small-sized excavators in a transaction that has been approved by the government.

Gary Coull, a former journalist who co-founded and chaired CLSA, Asia’s most prominent brokerage firm, died on 26 October after a long illness with cancer.

H&Q Asia Pacific is selling its controlling stake in the local operator of more than 60 Starbucks retail stores in Beijing and Tianjing for an undisclosed amount to Starbucks, the giant US coffee retailer.

CLSA Capital Partners, the alternative asset management arm of CLSA Asia Pacific Markets, a Hong Kong investment bank and broker, has made a partial exit from a listed Indian power distribution equipment maker.

The Carlyle Group gets a 33.5 percent stake in Hyundai Communications and Network for its $169 million investment in the multiple system operator in Korea.

MBK Partners, a North Asia-focused private equity firm formed by former Carlyle executives, is near to closing deals in both Taiwan and mainland China.