Articles by Tim Burroughs
Q&A: HQ Capital's Georg Wunderlin & David Pierce
Georg Wunderlin, CEO of HQ Capital, and David Pierce (pictured), the firm’s Asia head, discuss investor appetite for private equity, the popularity of separately managed accounts, and consolidation within the industry
ESG: Quantifiable benefits
Finding ways to implement environment, social and governance (ESG) policies and track performance with greater consistency has become a priority for some – but by no means all – Asian GPs
MicuRx Pharma gets $15m to support China drug trials
MicuRx Pharmaceuticals, a Sino-US bio-pharmaceutical company, has received RMB100 million ($15.1 million) in funding in a round led by existing investors Delian Capital and BVCF.
General Atlantic promotes SE Asia head to managing director
Wai Hoong Fock, who leads General Atlantic’s Southeast Asia business, has been promoted to managing director.
China Renaissance in $604m first close on renminbi fund
China Renaissance has reached a first close of RMB4 billion ($604 million) on the third renminbi-denominated fund raised under its flagship Huaxing Growth Capital arm. A final close of up to RMB6 billion is expected in early 2018.
Ex-SCPE China head Wei Zhu to join Accenture
Wei Zhu, formerly Standard Chartered Private Equity’s (SCPE) co-head of global private equity, has joined Accenture as its chairman for Greater China.
China's CDH seeks $2.5b for sixth US dollar fund
CDH Investments is targeting $2.5 billion for its sixth US dollar-denominated China fund, in line with the $2.55 billion the firm raised for its previous flagship vehicle in 2014.
PE-backed Billabong gets $150m buyout offer
Australian surfwear brand Billabong International has received a A$198 million ($150 million) non-binding buyout offer from Boardriders, owner of the Quiksilver brand. Both companies are backed by Oaktree Capital Management.
AVCJ at 30: Part Three - The Rise of China
David Pierce of HQ Capital, Gary Rieschel of Qiming Venture Partners, Shangzhi Wu of CDH Investments, and Weijian Shan of PAG Asia Capital on China's emergence as a private equity and venture capital destination
KKR makes seven senior-level promotions in Asia - update
Diane Raposio, who leads KKR’s fundraising activities in Asia, and Jaka Prasetya, the firm’s Indonesia head, have both been promoted to partner level.
Bain to make full exit from Japan's Bellsystem24
Bain Capital Private Equity has agreed to make a full exit from Japan-based call center business Bellsystem24 by selling its remaining 14.43% stake to domestic printing company Toppan Printing.
GLP shareholders approve $11.5b PE-backed privatization
Shareholders have voted in favor of a S$15.9 billion ($11.5 billion) acquisition of Singapore-listed warehouse operator Global Logistic Properties (GLP) by a consortium that includes Hopu Investment and Hillhouse Capital.
India IPOs: Open window
Record public market valuations have facilitated a wave of private equity-backed IPOs on Indian bourses.
Australia’s Anchorage closes special situations fund at $266m
Anchorage Capital Partners has closed its third fund, which will make special situations and turnaround investments in Australia, New Zealand and Southeast Asia, at A$350 million ($266 million).
Japan's Nomura to launch private equity unit
Nomura is reviving its private equity business with a view to participating in the founder succession and corporate divestment opportunities that are attracting a lot of interest in Japan.
Indian family offices: Family matters
The shift from blind pool funds to direct investments doesn’t reflect the preferences of all Indian family offices, but exposure to fast-growing technology start-ups is an increasingly powerful draw
Q&A: The Everstone Group's Dhanpal Jhaveri
Dhanpal Jhaveri, a managing partner at The Everstone Group, explains his positive outlook for private equity in India, from robust public market exits to the appeal of platform plays
Ping An Capital invests $121m in Singapore's Fullerton Healthcare
Ping An Capital, an investment unit of China’s Ping An Insurance, has invested more than RMB800 million ($121 million) in Fullerton Healthcare Corporation, which provides healthcare services to more than 25,000 corporations in Asia.
STIC buys stake in Korean telecom equipment maker
STIC Investments will take a 25.18% stake in Winnercom, a South Korean manufacturer of telecom equipment and automobile components, as part of Humax’s acquisition of the company.
Baring, CITIC Capital to buy Wall Street English from Pearson
Baring Private Equity Asia and CITIC Capital have agreed to acquire English language training provider Wall Street English (WSE) in a deal that will deliver cash proceeds of around $300 million to existing owner Pearson.
Tanarra raises $217m for Asia Pacific credit fund
Australia-based Tanarra Credit Partners has raised A$285 million ($217 million) for a fund that will invest in senior and mezzanine loans across the Asia Pacific region. It is targeting a final close of up to A$500 million during the first half of 2018.
Newly listed Chinese education business hit by abuse claims
RYB Education, a private equity-backed Chinese kindergarten operator that listed in New York two months ago, has seen its stock price collapse in response to child abuse claims.
KKR improves offer for Japan's Hitachi Kokusai a second time
KKR has increased its tender offer for Japanese high-tech manufacturer Hitachi Kokusai Electric for a second time, valuing the company at approximately JPY322 billion ($2.9 billion), up from JPY298 billion.
AVCJ at 30: Part Two - The Asian Financial Crisis
Weijian Shan of PAG Asia Capital, Piau-Voon Wang, Dan Carroll of Brooklands Capital Strategies, and Michael Kim of MBK Partners on the impact of the Asian financial crisis