Articles by Tim Burroughs
Longreach promotes Takuya Sato to partner
The Longreach Group, a mid-market North Asia buyout firm that has a particular focus on Japan, has promoted Takuya Sato (pictured) to partner.
Bain & Co's Suvir Varma joins Campbell Lutyens as advisor
Placement agent Campbell Lutyens has appointed Suvir Varma, until recently head of Bain & Company’s financial investor practice in Asia Pacific, to its global advisory board.
Asian PE pioneer Randy Kwei dies
Randy Kwei, one of the early movers in Asian private equity and more recently an advisory partner at middle-market buyout firm Shaw Kwei & Partners, has died at the age of 83.
LionRock buys stake in Italian football club Inter Milan
Asian private equity investor LionRock Capital has agreed to buy a minority stake in Italian football club Internazionale Milano (Inter Milan), which has been controlled by Chinese electronics retailer Suning since 2016.
CITIC Capital targets China distress
CITIC Capital has established a team to make distressed investments in China, primarily in the real estate sector, and is considering raising a fund dedicated to this strategy.
Korean beauty products player gets $35m Series D
JJDC, an investment arm of healthcare and consumer goods giant Johnson & Johnson, has led a $35 million Series D round for South Korean online beauty products retailer Memebox.
Asia start-ups: Global reach
Asian start-ups are under increasing pressure to head off competition by pursuing global expansion agendas in their earliest stages of development. They must pay careful attention to social disparities
Profile: EmergeVest's Heath Zarin
Heath Zarin has taken EmergeVest out of the Asian private equity mainstream, leveraging a specialist strategy and operational expertise to create the UK’s largest private logistics business
Bain makes tender offer for Japan's Kosaido
Bain Capital Private Equity has launched a tender offer for Japan-listed printing and IT solutions provider Kosaido that values the target company at approximately JPY15.2 billion ($139 million).
Australia's Funds SA hires Cameron Sinclair from Future Fund
Funds SA, which is responsible for investing on behalf of South Australia’s public-sector superannuation funds, has recruited Cameron Sinclair (pictured) from Future Fund to lead private equity and infrastructure activity.
PE industry cautiously optimistic on Hong Kong tax reforms
Industry participants have praised steps taken by the Hong Kong government to make it easier for private equity firms to operate locally, while cautioning that challenges remain regarding the regulation of managers in the territory.
Adrian Kerley leaves Australia's CSC for IFM
Adrian Kerley (pictured), the investment manager responsible for private markets at Australia’s Commonwealth Superannuation Corporation (CSC) will join the private equity team at IFM Investors in February.
LP interview: PennSERS
Bryan Lewis, CIO of Pennsylvania State Employees’ Retirement System, discusses accessing Asia, approaches to co-investment, and paring a bloated PE portfolio into a smaller set of strategic relationships
Fund focus: Sizing up selectively
ChrysCapital Partners has increased its fund size and its commitment to operations in response to a maturation of the Indian market characterized by bigger deals and more opportunities to drive change
China early-stage investment round-up
Venture capital deals involving DCM, Sinovation Ventures, Langsheng Investment, United Capital, Shenzhen Capital, Capital Fortune Investment, Tiantu Capital, IDG Capital, Shunwei Capital, and Sky9 Capital
Aberdeen Standard backs insurtech specialist Singapore Life
Aberdeen Standard Investments has committed $13 million to financial technology start-up Singapore Life, taking the company’s total capital raised to date to $97 million.
Baring Asia, Onex to list Clarivate through reverse merger
Baring Private Equity Asia will list Clarivate Analytics – an education business it acquired from Thomson Reuters in conjunction with Onex Corporation – through a merger with a special purpose investment vehicle that trades in New York.
4Q analysis: Defined by uncertainty
Korea comes to the fore as investment in China slows; venture capital and pan-regional players remain preeminent in Asia fundraising; IPO weakness reflects investor wariness
Australia's BGH wins board approval for Navitas deal
BGH Capital is close to announcing its first deal after a revised offer of A$2.1 billion ($1.5 billion) for Australian education services provider Navitas won backing from the company’s board.
Testing China: Openings in a downturn?
With the health of China's economy deteriorating, private equity investors have every reason to expect to see plenty of opportunities to deploy capital in 2019
Asia PE investment hits $183b in 2018
Private equity investment in Asia slowed to $183.3 billion in 2018 – from $207.3 billion the previous year – as a decline in large-scale buyout activity offset a surge in late-stage rounds for technology companies.
AVCJ Awards 2018: Exit of the Year - Mid Cap: Novotech
Mercury Capital secured a 15.7x return by helping Australian clinical trials specialist Novotech upgrade its marketing and personnel as well as pursue Asian expansion
Sequoia, HighLight lead $80m round for China's BrightGene
Sequoia Capital China and HighLight Capital have led a RMB550 million ($80 million) pre-IPO funding round for BrightGene Bio-Medical Technology, a Chinese developer of innovative and generic drugs. An investment unit of GF Securities also participated.
TPG, CICC establish dual currency China investment platform
TPG Capital and CICC Capital, the private equity arm of China International Capital Corporation (CICC), have agreed to establish a joint platform that will make investments in US dollars and renminbi.