Articles by Tim Burroughs
Caldera seeks $200m for Southeast Asia fund
Caldera Pacific, a Southeast Asia-focused private equity firm that has spent the past four years working on a deal-by-deal basis, is looking to raise $200 million for its debut fund.
CalPERS names ex-SAFE executive as CIO
California Public Employees’ Retirement System (CalPERS) has appointed Yu Ben Meng, who has spent the last three years as deputy CIO of China’s State Administration of Foreign Exchange (SAFE) as its new CIO.
NewQuest, Committed Advisors back $175m restructuring
NewQuest Capital Partners and Committed Advisors have bankrolled the formation of a $175 million fund that will acquire the existing portfolio of Singapore-based Basil Partners and provide additional capital for follow-on investments.
PE-backed Chinese crypto player set for Hong Kong IPO
Bitmain, a five-year-old Chinese company that is the dominant global player in manufacturing chips for bitcoin mining, with revenues ballooning nearly tenfold to $2.5 billion last year, has filed for a Hong Kong IPO.
PE exposure helps Asian family offices outperform peers - survey
Asian family offices outperformed their counterparts globally in 2017 thanks to their relatively high exposure to private equity and emerging market public equities, according to a survey.
Deal focus: Hahn & Co agrees transformative bolt-on
Hahn & Company has followed up its bumper acquisition of Hanon Systems by supporting the company in the $1.23 billion carve-out of a division from Manga International. The deal should bring more balance - and synergies - to the Hanon portfolio
J-Star buys Japanese fashion retailer
Japanese mid-market private equity firm J-Star has acquired Wego, a domestic fashion brand that has 185 stores nationwide and annual sales of more than JPY35 billion ($310 million).
Asia leveraged finance: Institutional aspirations
PE firms can obtain financing for leveraged buyouts in Asia on increasingly favorable terms, but this doesn’t necessarily point to institutionalization – or at least, not yet. For now, banks still lead the way
Asia fundraising: The $10b club
Hillhouse Capital has broken the record for Asia private equity fundraising by collecting $10.6 billion for its most recent vehicle. But how will the firm put all this money to work?
AVCJ daily bulletin returns September 26
There will be no AVCJ bulletin on September 25 due to a public holiday in Hong Kong marking the Mid-Autumn Festival.
Hahn & Co-owned Hanon agrees $1.2b bolt-on acquisition
Hanon Systems, an auto parts manufacturer owned by Hahn & Company and formerly known as Halla Visteon Climate Control, has agreed a $1.23 billion bolt-on acquisition of Magna International’s fluid pressure and controls business.
Australia's AVCAL appoints local LP as new chair
The Australian Private Equity & Venture Capital Association (AVCAL) – which will be known as the Australian Investment Council from next year – has appointed its first chairperson from the local institutional investor community.
Affinity to acquire Australia's Scottish Pacific for $446m
Affinity Equity Partners has agreed to acquire Australia-listed debt and trade finance provider Scottish Pacific in a deal worth approximately A$612 million ($446 million).
China's HighLight to exit US-based biotech player Bonti
Chinese healthcare-focused GP HighLight Capital is set to exit its position in US-based biotechnology company Bonti after Allergan agreed to acquire the business for $195 million, plus additional payments if certain development targets are met.
Meituan-Dianping gains on debut after $4.2b Hong Kong IPO
Chinese online-to-offline (O2O) lifestyle services platform Meituan-Dianping gained 5.3% on its trading debut in Hong Kong following a HK$33.1 billion ($4.2 billion) IPO.
China technology: Burnout
Questions about the sustainability of Meituan-Dianping's expansion strategy suggest that even newly listed unicorns are not immune to the changing sentiment in China's technology sector
Archipelago backs Indonesian chemicals producer
Archipelago Capital Partners, a Southeast Asia-focused private equity firm established by three partners who previously worked together at McKinsey & Company, has made its first investment in Indonesia with the acquisition of Timuraya Tunggal.
Hillhouse completes $10.6b fundraise
Hillhouse Capital has closed its latest fund – which will make healthcare, consumer, technology, and services investments globally, but with a focus on Asia – with commitments of $10.6 billion.
Anacacia sells Australian chilled food business
Anacacia Capital has exited Yumi’s Quality Foods, an Australian chilled food manufacturer that it acquired in 2014, to George Weston Foods (GWF) for an undisclosed sum.
Renminbi fundraising: Winter has come
A two-year renminbi fundraising boom in China has ended abruptly due to a combination of controversy, regulatory intervention, and dwindling investor sentiment. But the market may benefit in the long term
Hong Kong's Social Impact Partners closes second fund
Social Impact Partners (SIP), a Hong Kong-based venture philanthropy organization supported by several private equity firms, has closed its second fund with $2 million in commitments.
AIC wins domestic PE mandate from Chikyoren
Japan’s Pension Fund Association for Local Government Officials (Chikyoren) has awarded a domestic private equity mandate to Alternative Investment Capital (AIC).
SGX leads Series C for Hong Kong's Freightos
The Singapore Exchange (SGX) has led a $44.4 million Series C funding round for Freightos, a Hong Kong-based logistics technology platform that connects carriers with importers and exporters globally.
Silver Lake to invest $600m in Wanda-owned cinema chain
Silver Lake has invested $600 million in AMC Entertainment Holdings, a US cinema chain owned by Dalian Wanda Group, a once acquisitive Chinese conglomerate now said to be retreating from overseas markets.