A new wave of take-private deals could be on the way as Chinese companies, frustrated with the cost of remaining listed in the US, consider uprooting and returning to their home country.
Greater China | 02 Jun 2015 |
China’s National Council for Social Security Fund (NSSF) generated an investment return of 11.69% in 2014, up from 6.2% the previous year.
LPs | 01 Jun 2015 |
Fullerton India Credit Company (FICC), the Indian non-banking financial company (NBFC) owned by Singapore's Temasek Holdings, will set up a new unit offering home financing in the affordable housing segment.
South Asia | 01 Jun 2015 |
China’s robust public markets are creating challenges for private equity managers as they seek to acquire assets at acceptable valuations and pick the time to exit existing portfolio companies.
Buyouts | 01 Jun 2015 |
Warburg Pincus has completed a partial exit from China Auto Rental (CAR), raising HK$3.1 billion ($401 million) and reducing its stake in the company to 11%.
Greater China | 29 May 2015 |
China’s A-share market may be trading record highs, but PE investors told the AVCJ China forum that they are still wary of public market exits, citing the amount of time it takes to complete the process.
Exits | 29 May 2015 |
India and Southeast Asia-focused Everstone Capital has named Bhavna Thakur as its head of capital markets and exits.
People | 29 May 2015 |
Accel Partners and Chinese drone maker DJI - an Accel portfolio company - have launched a $10 million fund targeting start-ups developing drone-related products and services.
Technology | 28 May 2015 |
India's Foreign Investment Promotion Board (FIPB) has rejected Baring Private Equity Asia's bid to buy IDFC's stake in Mumbai-based brokerage Sharekhan.
South Asia | 27 May 2015 |
Japanese bathroom fitting company Lixil is set to lose at least JPY41 billion ($337 million) after its German-listed Chinese subsidiary, Joyou AG, filed for bankruptcy. Lixil acquired the business after it bought German faucet maker Grohe from TPG Capital...
North Asia | 26 May 2015 |
Indian venture capital firm Zodius Capital has reached a INR7 billion ($110 million) first close on its $500 million technology-focused fund being raised in partnership with Avendus Capital.
South Asia | 26 May 2015 |
CIC Capital, an overseas direct investment arm of sovereign wealth fund China Investment Corporation (CIC), has begun operations and could have in excess of $40 billion put at its disposal.
Greater China | 22 May 2015 |
AVCJ's daily bulletin will not be published on Monday May 25 due to the public holiday in Hong Kong.
Performance | 22 May 2015 |
Australia-based QIC has teamed up with California Public Employees' Retirement System (CalPERS) to create a A$1 billion ($764 million) Asia-Pacific focused infrastructure partnership.
Australasia | 21 May 2015 |
Ant Financial Service Group, Alibaba Group’s online financials services affiliate, has launched a RMB1 billion ($160 million) fund to invest in internet and finance companies.
Greater China | 21 May 2015 |
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In 2015, China is expected to experience a "new normal of growth". For private equity investors, China's new stage of growth represents huge opportunities: an increase of 270% in online consumption, the reform of over a hundred sovereign-owned enterprises, trillion-dollar investments into overseas infrastructure projects, the rising entrance of young entrepreneurs, and many more.
To be held on 28 and 29 May, the 14th annual AVCJ China Forum 2015 in Beijing will feature these exciting topics and bring together top-notch speakers from across the world.Join the premium industrial gathering of over 300 private equity professionals, regulators and senior executives for two days of mind-provoking discussions, networking and more.
28-29 May 2015, China World Summit Wing,Beijing
There is a feeling that now is a shrewd time to invest in Japan and take advantage of the favourable conditions for private equity. Valuations are low compared with the rest of Asia and strategic buyers and the IPO market are providing an attractive route for exits. There are also signs that corporate Japan is slowly coming around to engaging PE as a potential buyer for non-core assets and recent developments at the GPIF suggest that PE will be under strong consideration for allocations from pension funds in the near future as well as regional banks committing to the asset class right now.
The macro concerns that have been present for many years still remain in terms of low growth and currency depreciation but these are encouraging times for fund managers looking to both raise capital from Japanese LPs and make investments.
245-26 June 2015, Conrad Hotel, Tokyo