PE-backed China Cinda Asset Management Corp, one of four groups set up to absorb non-performing loans (NPLs) from the country’s Big Four state-owned banks, is expected to raise up to $2.5...
Exits | 22 Nov 2013 |
Gaw Capital Partners, a Hong Kong-based private equity real estate firm, has acquired Waterside House - an office building in London - on behalf of a pool of South Korean institutional investors.
Real estate | 21 Nov 2013 |
Proposals have been released on extending Hong Kong’s offshore funds tax exemption to include PE and setting up open-ended investment companies. Market watchers are encouraged, but know they must be patient
Regulation | 20 Nov 2013 |
Hong Kong’s Financial Services Development Council (FSDC) has released proposals for extending the profits tax exemption for offshore funds to include private equity and introducing open-ended investment company (OEIC) structures through which managers...
Regulation | 19 Nov 2013 |
Temasek Holdings and Shanghai-based Greenwoods Investment have made a pre-IPO investment in Phoenix Healthcare Group, picking up a 10% stake in the company for RMB165 million ($26.8 million).
Greater China | 19 Nov 2013 |
Mary Ma, co-founder and chairman of Boyu Capital, has been appointed as a non-executive director of Hong Kong Securities and Futures Commission (SFC).
Greater China | 15 Nov 2013 |
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.
Greater China | 06 Nov 2013 |
Hydoo International Holdings, a Chinese commercial real estate developer backed by Hony Capital, has raised more than $200 million in a Hong Kong IPO.
Greater China | 01 Nov 2013 |
Boyaa Interactive, a Chinese developer of online board and card games backed by Sequoia Capital, intends to raise as much as HK1.03 billion ($133 million) through an IPO in Hong Kong. It is the third game developer to pursue a listing in the city this...
Greater China | 29 Oct 2013 |
RRJ Capital is said to have upped its stake in the US insurance unit of ING Group, investing a further $248 million.
Greater China | 28 Oct 2013 |
Global law firm Proskauer has appointed Lynn Chan as a consultant to the private investment funds group, working out of Hong Kong. She was previously a counsel in the investment funds practice at O’Melveny & Myers in Hong Kong and Singapore.
People | 23 Oct 2013 |
TPG Capital has agreed to buy a 12.15% stake in Chinese satellite television operator Phoenix Satellite Television Holdings from 21st Century Fox for HK$1.66 billion ($214 million).
PIPEs | 21 Oct 2013 |
Hutchison Whampoa has abandoned plans to sell Hong Kong supermarket chain ParknShop, after it had reportedly attracted bids from the likes of KKR, TPG Capital and a number of strategic investors.
Greater China | 21 Oct 2013 |
Alibaba Group has decided not to pursue a Hong Kong IPO after efforts to persuade the exchange to accommodate a shareholding structure that allows management to retain control of the business met with a lukewarm response. It is unclear where the listing...
Technology | 11 Oct 2013 |
Singapore-based mobile game developer I Got Games (IGG), which is backed by IDG Technology Venture Investment and Temasek Holdings, intends to raise as much as HK$950 million ($123 million) through an IPO in Hong Kong.
Southeast Asia | 07 Oct 2013 |
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The outlook for the Australasian market is positive as a record number of IPO exits have provided strong returns for investors and has proven that PE can outperform listed equities and compete with global divestment figures. Fundraising in terms of dollar value has been high but the number of PE funds successfully raising new commitments has declined as investors flock to the best in class.
This is an intriguing time for Australasian PE as the industry continues to mature. GPs must evolve, diversify and display skills to drive value in a low-growth environment and justify future commitments when competing on a global state by achieving world-class results from current deals and exits.
4-6 March 2015, The Westin, Sydney
The AVCJ Indonesia Forum is back for a fourth year! Mark your calendars now and join us on March 24th, 2015 in Jakarta at Indonesia's longest running, largest and most prestigious industry gathering.
The market is relatively optimistic as a new government that is viewed favourable to a balanced investment arena is introduced and we see an increase in deal activity. The hopes for a flourishing PE market amid the euphoria of 2012 has not yet been realised but the potential is still present and now may well be the time for the country to take off in its own right and increase its reputation as THE hot market in Southeast Asia.
24 March 2015, Grand Hyatt, Jakarta