Articles by Anita Davis
Milestone appoints Arya's wife, brother to board of directors
Milestone Capital has inducted the wife and brother of late managing director and CEO Ved Prakash Arya (pictured) onto its board of directors, coming as an executive committee looks to replace Arya weeks after his accidental death.
Morphlabs gets Series C capital from Japanese, Indonesian investors
Specialty cloud-computer software company Morphlabs has raised $5 million as part of a Series C round of funding from strategic partners BBT of Japan and a private, Indonesia-based investor group. It will use the funds to expand its operations in Southeast...
LVMH, PE compete for Amanresorts
LVMH Group is competing with unnamed private equity firms to acquire luxury Southeast Asia-based hotel chain Amanresorts International, Bloomberg reported, in a deal that could be worth $450 million.
Former Kroll, HSBC Asia heads launch regional advisory firm
Chris Leahy, Kroll’s former head of Asia, and Nicholas Bryan-Brown, former head of investment banking for Asia Pacific at HSBC, have launched regional advisory firm Blackpeak Group, which focuses on corporate, private equity and hedge fund clients.
Permira hits jackpot with Galaxy
Permira's casino gamble seems to have paid off in Macau. The UK-based private equity firm divested approximately 6.5% of its stake in Macau casino and entertainment operator Galaxy Entertainment Group for HK$4.8 billion ($614 million), selling 270 million...
Bill Owens: Of battle and boardrooms
Bill Owens was 18 when a TV show changed his life. Now the Asia chairman of AEA Investors, Owens was a teenager living on a farm in Bismarck, North Dakota, when he saw a program called The Men of Annapolis – a documentary on the US Naval Academy in Annapolis,...
WestBridge looks to exit portfolio companies of yesteryear
WestBridge Capital – which was re-launched by its original founders in February - is looking to exit portfolio companies in which it invested prior to merging with Sequoia. According to India’s Business Standard, this includes stakes in Indecomm Global,...
KKR, Sino-Ocean launch $140m real estate fund
KKR has launched a $140 million Chinese real estate fund with property firm Sino-Ocean Holdings to “capitalize on the long-term potential in China’s real estate market.“
IFC invests $29.6m in MFI Bandhan Financial
The International Finance Corp. (IFC), the investment arm of the World Bank, has acquired nearly 11% of microfinance firm Bandhan Financial Services for a reported INR1.35 billion ($29.6 million). The deal first came to light last month.
BofA sold CCB stake to Chinese consortium
China’s State Administration of Foreign Exchange, the National Social Security Fund and CITIC Securities have emerged as the buyers of the 5% stake in China Construction Bank (CCB) sold by Bank of America (BofA) for $8.3 billion, the Financial Times reported,...
Permira's top LP SVG Capital sees 25% rise in asset value
UK-based Permira Advisers’ most prominent LP SVG Capital has announced a 25% increase in its assets’ value in the first half of 2011. This was largely attributed to strong performances by Permira portfolio companies including Galaxy Entertainment Group...
VIDEO: Silver Lake's Glenn Hutchins
Glenn Hutchins, co-founder and co-CEO of global tech investor Silver Lake - who has been appointed director of the New York Federal Reserve - discusses the opportunities for tech investors and why it’s a good time for funds targeting mature companies...
Temasek's Charles Ong joins brother Richard at RRJ Capital
Charles Ong, senior managing director of Temasek Holdings, has been “seconded” to newly formed RRJ Capital, run by his brother Richard, who co-founded Hopu Investment Management.
Permira divests 6.5% stake in Galaxy Entertainment for $614m
UK-based Permira has divested approximately 6.5% of its stake in Macau casino and entertainment operator Galaxy Entertainment Group for HK$4.8 billion ($614 million). It sold 270 million shares for HK$17.70 apiece.
Siemer & Associates launches in Asia
California-based tech investor and merchant bank Siemer & Associates LLC (S&A) has made its foray into Asia with the launch of a Hong Kong office. It is headed by Managing Director Martin Lichauco, an industry veteran who spent 10 years at Walden International....
Chinese gamblers buoy Permira-backed Galaxy Entertainment
Permira-backed Macau casino group Galaxy Entertainment reported an 84% year-on-year in underlying profit in the first half of 2011, attributed to strong spending by mainland Chinese gamblers. The company reported EBITDA of HK$1.8 billion ($230.9 million),...
Affinity in negotiations over Primo Smallgoods
Affinity Equity Partners is reportedly in exclusive negotiations for a controlling stake in Australian meat producer Primo Smallgoods in a deal that could value the company at up to $1 billion.
Intel-backed Gudeng Precision IPOs in Taiwan
Intel Capital ushered its third company of the year onto the public market - Taiwan’s Gudeng Precision Industrial, which listed on Taiwan's GreTai Securities Market on Wednesday, raising an undisclosed amount.
China Life to launch PE vehicle
China Life has become the first Chinese insurance company to be granted a license by domestic regulators to raise private equity and real estate funds. Under rules published by the China Securities Regulatory Commission (CSRC) last September, insurers...
Private equity's fashion fix
Fashionable women the world over aspire to own something – a handbag, a coat, a pair of leather pumps – by a designer of such legacy and prestige as Valentino. But in May 2007, global private equity investor Permira pulled the ultimate one-upmanship:...
KKR among suitors for India's Future Group
KKR has emerged as one of the key suitors for Future Capital Holdings, the financial services division of India’s Future Group. It joins JP Morgan and Piramal, the healthcare, manufacturing and real estate conglomerate, according to Reuters.
Tokyo real estate developers to be taken private
Tokyo-listed real estate developer Tachihi Enterprise and New Tachikawa Aircraft have reportedly agreed to be taken private via a management buyout launched by a private equity fund set up by the two companies’ CEOs.
Bright Foods anticipates more acquisitions in Australia
China’s Bright Foods is looking to continue its buying spree in Australia following the completion of its acquisition of a 75% stake Manassen Foods. It hopes to use the market as springboard to becoming an international food producer of scale.
Gome reports 30% rise in net profit, targets growth in lower-tier cities
Bain-backed Gome Electrical Appliances has reported a more than 30% rise in net profit for the first half of 2011, attributed to the launch of 131 new outlets in second-tier cities. The company wants to add 260 stores by the end of the year.