Articles by Tim Burroughs
Australia's PEP launches secure assets fund
Pacific Equity Partners (PEP) has launched an Australia and New Zealand-focused secure assets fund intended to invest in companies that generate annuity income but also offer opportunities for traditional private equity-style operational improvement.
Q&A: Pacific Equity Partners' Tim Sims
Tim Sims, co-founder and managing director of Pacific Equity Partners, discusses competition in Australian private equity, approaches to co-investment, succession planning, and his firm’s secure assets fund
VC-backed Chinese wearables maker seals $110m US IPO
Huami, a Chinese wearables manufacturer that has a strategic relationship with smart phone maker Xiaomi and several venture capital backers, has raised $110 million in its US IPO.
CITIC Capital-led consortium to buy Euromoney data division
A consortium led by CITIC Capital has agreed to buy Euromoney Institutional Investor’s financial information database division for an equity value of $180.5 million.
Thoma Bravo to buy Australian software player Nintex
Nintex, a workflow management software provider founded in Australia but now with a global footprint, has agreed to sell a majority stake to US-based middle market GP Thoma Bravo.
GLP, China Life establish $1.6b China logistics fund
GLP, a Singapore-headquartered warehouse operator formerly known as Global Logistic Properties that was acquired by a PE consortium last year, has established a RMB10 billion ($1.6 billion) China fund with China Life Insurance as the sole LP.
Sovereign wealth funds: Size matters
GIC Private is an example of a sovereign wealth fund that has developed wide-ranging private equity capabilities. More of its peers have been boosting exposure to alternatives, highlighting the prospect of increased direct investment, but establishing...
Advantech, Redview target $1.5b for China deals
Advantech Capital and Redview Capital – parallel entities formed following the restructuring of Chinese GP New Horizon Capital – are seeking a combined $1.5 billion for their latest funds.
B Capital closes Asia-US tech fund at $360m
B Capital Group, a venture capital firm established by Facebook co-founder Eduardo Saverin, has raised $360 million for a fund focused on start-ups that are ready to scale globally.
Hopu secures $2b first close on China fund
Hopu Investments, the China-focused private equity firm led by former Goldman Sachs banker Fang Fenglei, has reached a first close of $2 billion on its third US dollar-denominated fund.
Monument hires ex-Bain IR executive in Japan
Placement agent Monument Group has appointed Kay Sano (pictured) as a representative director in its Tokyo office. She was previously a Japan-based vice president with Bain Capital Private Equity.
CDH backs $200m buyout of China testing business
CDH Investments is supporting an acquisition of the professional testing business of US-listed Chinese education company ATA. It is working on the $200 million deal in partnership with ATA’s co-founder and CEO.
Deal focus: ACE secures industry 4.0 buyout
ACE Equity Partners buys control of Woojin Electric Machinery from SkyLake Investment for $200 million with a view to launching a China expansion strategy
VC holding periods: Delayed gratification
The traditional IPO exit timeline for early-stage investors is being pushed out as technology companies raise additional private funding rounds. A more thoughtful approach to securing liquidity is often required
PEP to buy Australia's LifeHealthcare
Pacific Equity Partners (PEP) has agreed to buy listed Australian medical devices manufacturer LifeHealthcare for an enterprise valuation of approximately A$211 million ($166 million).
CLSA to buy rental subsidiary of Japan's Marubeni
CLSA Capital Partners (CLSA CP) has agreed to buy Marubeni Mates, a uniform rental business owned by Japanese conglomerate Marubeni Corporation, for an undisclosed sum.
Secondary buyouts: Second time lucky?
PE secondary buyouts are becoming more accepted in Asia as GPs increasingly look to other fund managers for exit opportunities
Baring sets $5.5b target for latest pan-Asian fund
Baring Private Equity Asia has set a target of $5.5 billion for its seventh pan-regional fund. The firm closed its previous vehicle at $3.98 billion in early 2015.
Deal focus: Tryb sees strength in numbers
Singapore's Makara Innovation Fund supports Tryb Group's push to build a Southeast Asia-focused fintech platform
ACE Equity buys Korean electric machinery maker
ACE Equity Partners, a Korean private equity firm established last year by former SkyLake Investment executive David Ko, has purchased a 100% interest in Woojin Electric Machinery for approximately $200 million.
Japan's Polaris to buy Fujitsu mobile phone unit
Japanese middle market GP Polaris Capital has agreed its second corporate carve-out in three months with a deal to buy Fujitsu’s mobile devices business.
Blackstone bids for Australian auto panel repair business
The Blackstone Group has offered to buy the panel repair business of Australia-listed automotive aftercare services and accessories provider AMA Group for an enterprise valuation of A$530 million ($427 million).
Deal focus: Permira takes the I-Med baton from EQT
Permira's first Australia investment provides EQT Partners with an exit from medical imaging service I-Med Radiology Network
Japan Post entities form joint PE investment unit - update
Japan Post Bank and Japan Post Insurance have agreed to form a joint asset management company that will make direct private equity investments, mostly in partnership with GPs.