Articles by Tim Burroughs
Hewlett Packard Enterprise to launch Singapore incubator
Hewlett Packard Enterprise (HPE) will launch an incubator program in collaboration with Singapore’s Economic Development Board (EDB) as part of plans to invest $140 million in the city state over the next five years.
TPG, OTPP pursue carve-up of Australia's Fairfax Media
TPG Capital and Ontario Teachers’ Pension Plan (OTTP) have submitted a buyout offer for Fairfax Media that would see them assume control of certain assets – including newspapers The Sydney Morning Herald, The Age and The Australian Financial Review...
CLSA closes third Japan fund at $400m hard cap
CLSA Capital Partners (CLSA CP) has become the seventh private equity firm to close a Japanese mid-market fund since the start of the year, hitting the hard cap of $400 million for its third vehicle.
Tencent leads $34m round for VC-backed cloud player
Tencent Holding has led a RMB235 million ($34 million) funding round for Transwarp Technology, a Chinese big data technology developer backed by a string of venture capital investors.
China Creation leads $16m for credit evaluation specialist
China Creation Ventures, a VC firm recently launched by Wei Zhou, formerly a managing partner at KPCB China, has led a Series A round of funding worth RMB110 million ($16 million) for credit evaluation business IceKredit.
PAG set for $1.4b privatization of Yingde Gases
Chinese industrial gases supplier Yingde Gases is scheduled to be delisted in September after shareholders voted in favor of a buyout offer from PAG Asia Capital that values the company at approximately HK$11.3 billion ($1.45 billion).
Morrison & Foerster adds fund formation partner in Hong Kong
Morrison & Foerster has hired Serena Tan, formerly an associate at Debevoise & Plimpton specializing in fund formation and fund management, as a partner in its Hong Kong office.
China's Ping An to launch $1b global fintech, healthcare fund
China’s Ping An Insurance is launching a $1 billion fund that will make financial technology and healthcare investments globally as the company looks to establish a footprint beyond its home market.
Polaris closes fourth Japan fund on $665m
Polaris Capital Group has hit the hard cap of JPY75 billion ($665 million) for its fourth Japan fund, becoming the third Japanese mid-market GP to announce a final close in the space of a week, and the sixth since the start of the year.
Southeast Asia VC: Common tastes
Venture capital investors increasingly view Southeast Asia as a single market as start-ups focus their attentions on a handful of large cities whose young populations have similar consumption habits
VC-backed China Rapid Finance raises $60m in US IPO
China Rapid Finance (CRF), a VC-backed peer-to-peer (P2P) lending platform, is trading up 32% on its IPO price following an offering on the New York Stock Exchange that raised $60 million.
CRCI, Chinese strategic agree $595m carve-out of Bosch unit
China Renaissance Capital Investment (CRCI) and Chinese industrial group Zhengzhou Coal Mining Machinery (ZMJ) have agreed to buy a starter and generator (SG) manufacturing business from German engineering multinational Robert Bosch for EUR545 ($595 million).
Australia's Airwallex raises $13m Series A round
Tencent Holdings, Sequoia Capital China and Mastercard have all participated in a Series A funding round worth $13 million for Airwallex, an Australia-based cross-border payments company.
Fund focus: Makara goes global in IP search
Makara Capital has a $716 million fund and a remit to invest in intellectual property-rich assets globally in order to bring greater industrial and technological value to Singapore
Deal focus: Navis secures its golden egg
Navis Capital Partners has acquired Mainland Poultry with a view to meeting the New Zealand's egg producers domestic capital investment needs and taking its technology into other parts of Asia
LP interview: New Zealand Superannuation Fund
New Zealand Superannuation Fund believes it has turned its far flung location into an advantage, making decisions away from the mainstream investor community and plotting a differentiated course in alternatives
AVCJ daily bulletin returns May 4
AVCJ's daily bulletin will not be published on May 3 due to a public holiday in Hong Kong.
J-Star raises $291m for third Japan fund
J-Star has closed its third Japan-focused buyout fund at the hard cap of JPY32.5 billion ($291 million), having launched the vehicle last summer with a target of JPY30 billion.
Hillhouse, CDH propose $6.8b take-private of Belle International
CDH Investments has teamed up with Hillhouse Capital on a proposed HK$53.1 billion ($6.8 billion) privatization of Belle International, a Chinese shoe retailer that it first backed in 2005 and took public two years later.
New York State Common backs KKR's third Asian fund
New York State Common Retirement Fund (NYSCRF), the third-largest pension fund in the US, has committed $275 million to KKR’s third Asian fund, which has an institutional hard cap of $8.5 billion.
VCs target Southeast Asia's urban consumers - AVCJ Forum
Indonesia is sitting at the heart of an increasingly homogeneous Southeast Asia market in which start-ups can execute cross-border strategies by leveraging similar consumer habits across major cities.
LPs play the long game on Indonesia - AVCJ Forum
Institutional investors are keen to increase their exposure to Indonesia but the relative immaturity of the local market continues to be a deterrent, LPs told the AVCJ Indonesia Forum.
Private to public: Indonesia taps PE talent for government
Saratoga Capital's Sandiaga Uno is the latest Indonesian PE professional to enter public service following his election as deputy governor of Jakarta. This trend is a function of a relatively shallow talent pool
AVCJ daily bulletin returns May 2
AVCJ's daily bulletin will not be published on Monday May 1 due to the Labor Day public holiday in Hong Kong.