Articles by Tim Burroughs
Bain to invest $1b in India's Axis Bank
Bain Capital Private Equity will invest INR68.5 billion ($1.05 billion) in India’s Axis Bank through a combination of equity shares and warrants that – on conversion – will give it a 4.87% stake.
SCPE to buy stake in Singapore-listed crane business
Standard Chartered Private Equity (SCPE) has offered to buy a stake of unspecified size in Tat Hong Holdings in a deal that values the Singapore-listed crane and heavy equipment supplier at approximately S$376 ($277 million).
China's Primavera supports buyout of US study abroad business
China-focused GP Primavera Capital and Paris-listed investment firm Eurazeo have together invested in WorldStrides, a US-based provider of study-abroad programs for high school and university students, with a view to supporting expansion in Asia and Europe.
TPG invests in Korean vinyl tile producer
TPG Capital has agreed to take a significant minority stake in Nox Group, a Korea-based manufacturer of luxury flooring materials. The size of the investment was not disclosed.
Q&A: Brooklands Capital Strategies' Dan Carroll
Dan Carroll, a founding partner at Brooklands Capital Strategies, cut his teeth with H&Q Asia Pacific and then helped build Newbridge Capital. He told AVCJ how private equity forced its way into the mainstream
PE-backed Vincom Retail ups size of IPO to raise $740m
Private equity-backed Vincom Retail, the leading shopping mall operator in Vietnam, has completed the country’s largest-ever IPO, after increasing the size and pricing of its offering to raise VND16.8 trillion ($740 million).
Q&A: HarbourVest Partners' Brooks Zug
Brooks Zug, founder and senior managing director at HarbourVest Partners, was among the first institutional LPs to invest in Asian private equity. He spoke to AVCJ about the evolution of the industry
Lakeshore buys Thailand skincare business
Lakeshore Capital has led the acquisition of a controlling stake in Aisance, a Thailand-based skincare company that specializes in distributing products from Korea, for $15.9 million.
CITIC Capital nears buyout of packaging player Axilone
China-focused GP CITIC Capital has entered into advanced negotiations with Oaktree Capital Management to buy Axilone, a Europe-headquartered packaging supplier to the cosmetics industry.
China's Ctrip buys VC-backed Trip.com
Ctrip, China’s largest travel services provider, has made another outbound acquisition with the purchase of US-based Trip.com, which has previously received several rounds of venture capital funding.
Global buyout firms: Change at the top
Succession planning initiatives at the leading global buyout firms reflect the increasing diversification of these platforms - and that the personality-types so instrumental in their creation probably won't be seen again
MBK makes tender offer for Japan's Kuroda Electric
MBK Partners has submitted a tender offer for Kuroda Electric – a Japanese electronic components manufacturer that has been under pressure from an activist shareholder – that values the company at approximately JPY102 billion ($895 million).
Standard Chartered Private Equity revives spin-out plan
Standard Chartered Private Equity (SCPE) has relaunched an effort – which failed to get traction with the bank last year – to spin-out its team and the remaining $1 billion in PE assets on its balance sheet into an independent entity.
Deal focus: GPs back Klook’s tailored travel offering
Hong Kong-based Klook has won $60 million in funding to further its efforts to consolidate the fragmented travel activities space - in Asia and globally
Q&A: Samena Capital's Shirish Saraf
With its focus on Asia and the Middle East and a roster of big-name owner-shareholders, Samena Capital is a GP with a difference. Shirish Saraf, the firm’s founder and vice chairman, explains the strategy
Carlyle makes $4.5b first close on Asia buyout fund
The Carlyle Group has achieved a first close of more than $4.5 billion on its fifth Asia buyout fund. The vehicle launched earlier this year with an initial target of $5 billion.
Canyon Bridge founder charged with insider trading
One of the founders of Canyon Bridge Capital Partners – a private equity firm backed by Chinese LPs that was blocked from buying US-based Lattice Semiconductor earlier this year – has been charged with insider trading.
China used car auction player Tiantian Paiche closes Series C
Tiantian Paiche, a Chinese online used car trading platform, has raised $80 million from investors such as Industrial Bank of China to close its Series C round of funding at $180 million.
China's Four Seasons Education targets $111m US IPO
Four Seasons Education, a China-based after-school math tutoring services provider that is backed by Chengwei Ventures and Crimson Capital, is looking to raise as much as $111.1 million through a US IPO.
Singapore eases VC registration process
Singapore has dropped the requirement that venture capital managers must have at least five years of experience to qualify for local registration as part of wider reforms intended to attract more investors to the country.
PV Wang to leave China asset manager Noah
Piau-Voon Wang, who joined Chinese wealth manager Noah Holdings last year as co-CIO, will leave the firm at the end of this month.
Warburg Pincus-backed Vincom Retail seals $709m Vietnam IPO
Warburg Pincus has secured its first partial exit in Southeast Asia after Vietnam-based shopping mall operator Vincom Retail raised VND16.1 trillion ($709 million) in its IPO.
KKR invests $74m in Indonesian bread producer
KKR has paid around $74 million for a 12.64% stake in Nippon Indosari Corpindo, an Indonesian bakery business backed by local conglomerate Salim Group and best known for the Sari Roti brand.
Carlyle names new leadership team as founders step back
Kewsong Lee and Glenn Youngkin will become co-CEOs of The Carlyle Group as the firm’s three co-founders, William Conway, Daniel D’Aniello and David Rubenstein, scale back their involvement.