Articles by Tim Burroughs
China's Qutoutiao raises $100m for e-book app
CMC Capital Partners has led a $100 million Series B round of funding round for Midu, an e-book platform operated by Chinese news aggregator Qutoutiao.
Deal focus: Navis pursues durian farm modernization
Nearly $100 million has been earmarked for the development of upstream farming and downstream processing so that Chinese buyers can have faith in Malaysia's durian suppliers
PE-owned Latitude cancels Australia IPO
Australia and New Zealand consumer lending business Latitude Financial has abandoned plans for an IPO that would have facilitated partial exits for its private equity owners.
Cornell Capital completes first Asian investment
US-based mid-market buyout firm Cornell Capital has made its first investment in Asia with a commitment to Taiwan-headquartered cable manufacturer Lorom Holding.
Foreign divestments drive China deal flow - M&A Forum
Divestments by multinationals are expected to remain a key theme in China M&A as companies consider whether they still want direct exposure to a market in which growth is slowing and the competitive environment is increasingly complex.
LP interview: AustralianSuper
Internalizing management is a priority for AustralianSuper across all asset classes. In private equity, this means forging relationships with a concentrated pool of managers and pursuing co-investment
Indonesia’s Alodokter gets $33m Series C
Indonesian insurer Sequis Life has led a $33 million Series C round of funding for Alodokter, a local super app operator that connects patients with doctors and healthcare information.
Chinese cosmetic surgery business seeks $32.5m in US IPO
Aesthetic Medical International Holdings, a Chinese cosmetic surgery chain that failed to get traction with a Hong Kong IPO four years ago, has filed to list in the US. Its private equity backers include IDG Capital and ADV Partners.
HarbourVest boosts Australia, New Zealand IR coverage
HarbourVest Partners has appointed Warwick Mancini as a principal with responsibility for investor relations in Australia and New Zealand.
Australia's BGH completes cybersecurity roll-up
BGH Capital is looking to bring scale, capital and cross-selling opportunities to the still fragmented cybersecurity space in Australia and New Zealand
Deal focus: Events focus delivers Affinity 2.6x return on TEG
Building a meaningful events promotion business was an early priority for Affinity Equity during its ownership of Australian ticketing player TEG. This transformation paved the way to a lucrative exit
Actis commits $180m to China data center business
Actis has invested $64 million in Chinese data center operator Chayora and plans to commit up to $180 million to the company as part of a Series C funding round.
KKR, GIC to invest $680m in Philippines hospital operator
A KKR-led consortium has agreed to invest PHP35.3 billion ($680 million) in Metro Pacific Hospital Holdings (MPHH), prompting the Philippines-based hospital operator to abandon immediate plans for an IPO.
Australia IPOs: Best behavior
Public market investors in Australia have fallen out of love with private equity-backed IPOs. It's in the interests of both to get along, but they must find a way to rebuild trust
Korea's ACE Equity buys stake in semiconductor testing player
ACE Equity Partners, a Korean private equity firm that operates on a project fund basis, has agreed to invest KRW205 billion ($174 million) in local semiconductor testing specialist Tesna.
AVCJ Awards 2019 - Voting has closed
Voting for the 2019 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks for your participation. The winners will be announced on November 11.
Advantage sells GP stake to Japanese strategic
Japanese mid-market private equity firm Advantage Partners has agreed to sell a minority stake in its fund management entity to domestic financial services company Tokyo Century Corporation.
MoFo adds fund formation partner in Hong Kong
Morrison & Foerster (MoFo) has bolstered its Asia fund formation capabilities with the appointment of Nicholas Sheets as a partner based in its Hong Kong office.
Globis, WiL, Japan Post back Series B for AI Medical
AI Medical Service, a Japanese healthcare technology start-up working on what it claims is the world’s first artificial intelligence-enabled endoscopic diagnosis system, has raised JPY4.6 billion ($43 million) in Series B funding.
Creador leads Series C for India's Kogta Financial
Creador has led a INR3 billion ($42 million) Series C round for Kogta Financial, a non-banking finance company (NBFC) looking to deepen its penetration in India’s central and western states.
Fund focus: Hahn eyes more big buyouts
With $3.2 billion in dry powder, Hahn & Company is looking for larger deals in a Korean market that already punches above its weight in private equity terms
Deal focus: Avataar seeds India SaaS portfolio
Having won support from HarbourVest Partners to spin out a portfolio from his former employer, Norwest Venture Partners, Mohan Kumar is taking aim at India's underdeveloped enterprise software space
US tech regulation: Green card or red card?
Compliance with US regulations on foreign investment in critical technologies is forcing Chinese VC players to examine their fund structure and governance as well as their deployment strategies
Singapore's Golden Equator strengthens VC team
Golden Equator Capital, which is currently deploying a Southeast Asia technology fund alongside Korea Investment Partners, has appointed Pooja Gurbani (pictured) as a partner in its venture investments team.