Siddharth Poddar

The private equity arm of Franklin Templeton Investments has appointed David Hudson as the head of its Asia operations, following the departure of Sean Wallace.

The Bangalore-based private equity firm has sold its stake in an Indian e-learning company to DE Shaw in what is easily among the largest exit multiples seen in the country.

Initial fundraising efforts for yet another infrastructure fund in India draw to a close, underpinning the sector’s appetite for private equity investments in the country.

The private equity division of the US bank is establishing its presence in India and has hired Aluri Rao from ICICI Venture to head its investment activity in the country.

Seoul-based Nurien Software has received an investment from a syndicate of four venture capital firms to launch a social networking platform in Korea, China and the US.

The firm is reportedly the frontrunner to acquire a stake of 15 to 20 percent in Indian outdoor media company Laqshya with at least four others in the fray.

The Middle Eastern private equity firm has raised $200m and $150m for two of the seven sector-focussed funds it plans to raise. It is targeting $5bn across the seven funds.

The Malaysia- and Singapore-based private equity firm has sold its stake in publicly listed Indo Mines after a one-year holding period.

Fundraising for Asia shows no signs of abating as the pan-Asian buyout firm raises the region's ‘biggest ever fund’, its first since ending a joint venture with Citi.

Tel Aviv-based Israel Infrastructure Fund has raised NIS 400 million for its first fund, 40 percent of which has been deployed.