Articles by Tim Burroughs
AVCJ Awards 2015: AVCJ Special Achievement: Ta-Lin Hsu
As founder and chairman of H&Q Asia Pacific, Ta-Lin Hsu has played a key role in the development of private equity in Asia. He continues to look for ways to spread innovation
AVCJ Awards 2015: Operational Value Add: ECO Industrial Environmental Engineering
Navis Capital Partners saw in ECO Industrial Environmental Engineering a potential leader in the hazardous waste management industry. Getting there was tougher than expected
AVCJ Awards 2015: Exit of the Year - Large Cap: Spotless Group
Pacific Equity Partners took about 12 months to reel in cleaning and catering contractor Spotless, but swift improvements resulted in a 2.4x return within the two years
AVCJ Awards 2015: Deal of the Year - Large Cap: Halla Visteon Climate Control
Hahn & Co spent three years talking to Visteon about its Korean subsidiary Halla Visteon Climate Control before sealing a proprietary deal supported by innovative funding
AVCJ Awards 2015: Deal of the Year - Mid Cap: SBI Life Living
Advantage Partners leveraged its expertise in corporate carve-outs to acquire SBI Life Living. It plans to split the business in two so that each half can achieve its full potential
AVCJ Awards 2015: Fundraising of the Year - Mid Cap: Ascendent Capital Partners
As corporate China adjusts to a slower growth environment, Ascendent Capital Partners’ strategy of providing advice alongside capital resonated with LPs
AVCJ Awards 2015: Fundraising - Large Cap & PE Professional of the Year: Jean Eric Salata
Jean Eric Salata, CEO and founding partner of Baring Private Equity Asia, on why fund and deal sizes are getting bigger
AVCJ Awards 2015: Firm of the Year: Bain Capital
Bain Capital enjoyed its most active year in Asia as positive experiences from previous deals and proactive engagement with entrepreneurs helped deliver a string of new investments
Deal focus: J-Star sees low-voltage potential
Japan-based energy savings solutions provider ESCO is expected to benefit from increased consumer awareness of efficiency issues and a shake-up in the broader utilities space
TPG buys 50% of Myanmar spirits producer
TPG Capital has acquired a 50% stake in Myanmar Distillery Company Group (MDC), the Southeast Asian country’s leading manufacturer and distributor of spirits, including top domestic whisky brand Grand Royal.
Australia's Atlassian upsizes US IPO
Atlassian, an enterprise software company founded in Sydney by two Australian entrepreneurs, has increased the size of its NASDAQ IPO to as much as $440 million.
Thai Union abandons acquisition of Lion Capital's Bumble Bee
Thai Union Frozen Products’ $1.5 billion acquisition of Bumble Bee Seafoods from Lion Capital has been abandoned after the US Department of Justice informed the companies that it was concerned the deal would harm competition.
Japan's J-Star buys energy savings business
Japanese GP J-Star has acquired ESCO, an energy savings solution provider that primarily works with condominium managers, for an undisclosed sum.
Australia's Archer agrees Healthe Care sale to China-based Luye
Archer Capital has agreed to sell Healthe Care, Australia’s third-largest private hospital group, to China-based Luye Medical Group, for $688 million. CITIC Private Equity is a shareholder in the company’s Hong Kong-listed affiliate, Luye Pharma.
China's iKang adopts poison pill following rival PE-backed buyout offer
IKang Healthcare Group – a US-listed Chinese company that is subject to competing PE-backed privatization proposals, one led by management and another involving an industry rival – plans a rights issue, or “poison pill” strategy, intended to thwart the...
HarbourVest opens Korea office
HarbourVest Partners has opened an office in Seoul. It will be led by Minjun Chung, who is already responsible for investment opportunities and client relations in South Korea.
Navis agrees $360m sale of Golden Foods Siam to Brazil's BRF
Navis Capital Partners is set for a 3.4x return on Thailand-based poultry producer Golden Foods Siam (GFS), having agreed to sell the company to BRF, a leading processor of chilled foods in Brazil, for $360 million.
Chinese energy investor buys assets from Denham-backed Tall City
Blue Whale Energy, a China-based energy investment firm, has agreed to buy the oil and gas exploration and production assets of Tall City Exploration – a Denham Capital portfolio company – for $803 million.
Adams Street names Yar-Ping Soo Asia investment team head
Yar-Ping Soo, a partner with Adams Street Partners, has been appointed head of the firm’s Asian investment team, succeeding Piau-Voon Wang, who will become a senior advisor.
Taiwan must think globally, overcome China issues - AVCJ Forum
Taiwan needs to think globally as it looks for ways that domestic companies can leverage growth in other markets, but this means addressing mainland Chinese involvement in the economy.
Korea's CJ withdraws from bidding for MBK-controlled Coway
South Korean conglomerate CJ Corporation decided against submitting a final bid for a controlling stake in Coway, a domestic water purifier manufacturer, controlled by MBK Partners.
India's ICICI Venture appoints new CEO
India-based ICICI Venture has appointed Prashant Purker as managing director and CEO. He replaces Vishakha Mulye, who recently moved to parent group ICICI Bank as executive director.
VC secondaries: How early?
Assessing venture capital secondaries – on a direct or LP interest basis – presents a different set of challenges to private equity transactions. The key factors are transparency and timing of entry
Deal focus: Partners Group targets top-tier baby products
China baby products retailer Aiyingshi wants to develop its online presence and identify partners and acquisition targets in developed markets. Partners Group is going to help