Articles by Tim Burroughs
Japanese LPs: Expectation vs reality
Japan’s LP community is an alluring target for global private equity managers, even as currency depreciation and a cultural aversion to risk remain obstacles in the short and long term
Currency, exit, labour issues worry Japanese GPs - AVCJ Forum
Currency depreciation, dwindling domestic IPO opportunities, and labour shortages are all their toll on the portfolios of middle-market Japanese private equity firms, the AVCJ Japan Forum heard.
Next Capital buys Australia's Compare Club
Next Capital has acquired Compare Club, which claims to be one of Australia’s largest price comparison businesses with coverage stretching across health and life insurance, utilities, mortgages, car financing, and personal loans.
VC-backed Asia streaming business agrees SPAC merger
Asia Innovations Group (ASIG), a social media, gaming, and e-commerce business best known for the Uplive streaming platform, has agreed to merge with a US-listed special purpose acquisition company (SPAC) at an equity valuation of USD 2.5bn.
AVCJ daily bulletin returns October 5
AVCJ's daily bulletin will not be published on October 4 due to the public holiday in Hong Kong marking the Chung Yeung Festival.
Japanese GPs should target incremental gains on ESG - AVCJ Forum
Japanese private equity firms should be very targeted in implementing environment, social, and governance (ESG) policies at the portfolio company level even if the payoffs are small and accumulate over time, the AVCJ Japan Forum heard.
Singapore's Una Brands raises $30m Series B
Una Brands, a Singapore-based brand agglomeration platform that operates across Asia, has secured USD 30m in Series B funding led by Alpha JWC Ventures and White Star Capital.
OTPP opens Mumbai office
Ontario Teachers’ Pension Plan (OTPP) has opened an office in Mumbai, adding India to an Asian footprint that currently includes bases in Hong Kong and Singapore.
Boyu pursues listed Chinese property manager
Boyu Capital is seeking full control of Chinese property management business Jinke Smart Services Group through a cash offer that values the Hong Kong-listed company at HKD 7.83bn (USD 998m).
LP interview: Partners Capital
Nearly a decade after establishing a foothold in Asia, Partners Capital has acquired a string of local clients and devised a distinct, middle market-oriented approach to deploying capital in the region
Polaris exits Japan LCD panel business
Polaris Capital Group has fully exited Aimechatec, a supplier of LCD panel manufacturing equipment it carved out from Hitachi in 2016 and took public last year, with proceeds of JPY 3.96bn (USD 27.6m).
KKR walks away from bumper Australia healthcare take-private
A KKR-led consortium has ended its pursuit of Australia-listed hospital operator Ramsay Health Care, having failed to reach an agreement on a AUD 20.1bn (USD 13.9bn) take-private that would have been among the largest private equity deals ever seen in...
HarbourVest opens Australia office
HarbourVest Partners has opened an office in Sydney on the back of claimed recent success in cultivating institutional and private wealth clients in Australia and New Zealand.
India gifting platform secures $23m Series B
Join Ventures, an India-based company that owns a portfolio of direct-to-consumer gifting brands, has raised USD 23.5m in Series B funding led by Motilal Oswal Alternate Investment Advisors.
Fund focus: Glenwood gains traction with carve-out thesis
Korea-focused Glenwood Private Equity has closed its second fund on KRW 900m (USD 648m) from local LPs, having established itself as a mid-market corporate divestment specialist
Japanese LPs rue shorter fundraising cycles, currency depreciation - AVCJ Forum
Managers coming back to market more frequently and a depreciating yen are playing havoc with LP allocations to private equity, institutional investors told the AVCJ Japan Forum.
Secondaries specialist TR Capital expands into Singapore
Asia-focused secondaries investor TR Capital has opened an office in Singapore, expanding a regional footprint that already includes bases in Hong Kong, Shanghai, Shenzhen, and Mumbai.
China's HighLight hits first close on life sciences fund, targets $650m
HighLight Capital, a China-based life sciences investor, has completed a first close of USD 540m on its fourth US dollar-denominated fund. The overall target is USD 650m.
Australian GPs sell food businesses to PAG
PAG has acquired Australia-based Patties Foods and Vesco Foods, facilitating exits for Pacific Equity Partners (PEP) and Catalyst Investment Managers, respectively.
Fund focus: Baring restocks its dry powder
Baring Private Equity Asia claims a pipeline full of USD 1bn-plus investment opportunities to meet the needs of an USD 11bn-plus fund – but for now it is being cautious about pursuing them
Korea: A good time to be different?
Macroeconomic uncertainty and liquidity risk are pushing Korean private equity firms to think beyond buyouts, double down on operational capabilities, and consider all their exit options
TPG-backed Dingdang Health raises $51m in Hong Kong IPO
Chinese online pharmacy platform Dingdang Health has raised HKD 402.4m (USD 51m) through a Hong Kong IPO, defying challenging conditions for financial sponsors targeting the bourse.
Baring Asia hits final close on eighth pan-regional fund
Baring Private Equity Asia (BPEA), which agreed to merge with EQT earlier this year, has closed its eighth pan-regional fund with commitments of USD 11.2bn.
AVCJ daily bulletin returns September 13
AVCJ’s daily bulletin will not be published on September 12 due to a public holiday in Hong Kong marking the Mid-Autumn Festival.