Articles by Tim Burroughs
Hong Kong's AID Partners acquires YouTube partner network
Hong Kong-based private equity firm AID Partners has agreed to acquire a majority stake in Freedom! Network, a multi-channel network on YouTube, for HK$468.1 million ($60 million).
3Q analysis: Deep pockets of the state
Fundraising hits a record quarterly high, thanks entirely to Chinese government-backed vehicles; Australia, Southeast Asia compensate for investment slowdown in China; India shines on exits
Chinese corporates climbing learning curve on outbound deals - M&A Forum
Chinese corporates are becoming savvier in how they target overseas assets and engage in M&A activity, but preparation and sound advice are essential to deal execution and post-investment integration, industry participants told the China M&A Forum.
TPG-owned Ingham's targets up to $843m in Australia IPO
Ingham’s Enterprises, an Australian poultry producer owned by TPG Capital, is seeking to raise up to A$1.12 billion ($843 million) through a domestic IPO.
AVCJ Awards 2016 - Voting has closed
Voting for the 2016 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks for your participation.
ESG: Digging deeper
Comprehensive adoption of responsible investment protocols in private equity is being driven by a handful of players within the global LP community. They must continue to establish industry best practice
Deal focus: Tricor attracts a scarcity premium
Permira fought off the competition to secure Hong Kong-headquartered corporate and investor services provider Tricor Global. Now the GP plans to pursue a buy-and-build strategy
Australia's FIRB head delays Carlyle move
The chairman of Australia’s Foreign Investment Review Board (FIRB), Brian Wilson, has delayed taking up an advisory role with The Carlyle Group until his term with the regulator ends.
AVCJ daily bulletin returns October 11
There will be no AVCJ bulletin on October 10 due to a public holiday in Hong Kong marking the Chung Yeung Festival.
SBCVC-backed data center business files for US IPO
China-based data center provider GDS Holdings, in which SBCVC and Ping An Insurance are minority shareholders, has filed for a NASDAQ IPO.
Permira to buy Hong Kong-based corporate services provider for $835m
Permira has agreed to buy Tricor Holdings, a Hong Kong-headquartered business, corporate and investor services provider, from Bank of East Asia (BEA) for HK$6.47 billion ($835 million).
Deal advisory: Helping hands
Chinese M&A buyers must overcome their reluctance to engage top-quality advisory teams for their transactions
Q&A: Interchina Consulting's Barry Chen
Barry Chen, managing director at InterChina Consulting, discusses where investors get it right and wrong on M&A, whether they are foreign companies doing deals in China or Chinese players going overseas
Outbound M&A finance: The safer bets
China’s outbound M&A market has taken off in recent years, but many are skeptical that purchasing companies will be able to handle the financial and operational burdens they have taken on
VIG secures $480m first close on third Korea fund
VIG Partners has reached a first close of $480 million on its third Korea-focused fund. The GP, which was formerly known as Vogo Investment, is expected to reach its target of $600 million by the end of the year.
Longreach agrees Japan BPO carve-out from Olympus
The Longreach Group has agreed to Nippon Outsourcing Corporation, a business process outsourcing (BPO) subsidiary of Olympus Corporation. The transaction size was not disclosed.
VIG invests in Korean funeral services provider
VIG Partners – formerly known as Vogo Investment – has secured the first investment from its third fund with an agreement to buy a controlling stake in Good Sangjo, a Korean funeral services provider, for KRW65 billion ($58.6 million).
SBCVC invests in listed visual effects business Digital Domain - update
SBCVC and the Hong Kong-listed unit of Chinese conglomerate CITIC Group have agreed to invest as much as HK$368 million ($47 million) investment in Digital Domain, which has interests in media and entertainment.
Ant Capital buys Japanese cosmetics business
Ant Capital Partners has acquired Japan-based Sojitz Cosmetics for an undisclosed sum. The business will be renamed Kagayaku Cosmetics.
Glenwood, NH agree $561m sale of Korea's Tongyang Magic
Glenwood Private Equity and NH Private Equity have agreed to sell Korean consumer appliances manufacturer Tongyang Magic to SK Networks for KRW619 billion ($561 million).
Denmark's NKT sells China cables business to local GP
CAC Capital Management, a China-based private equity firm, has agreed to buy the local power cables business of Denmark-headquartered industrial conglomerate NKT for an enterprise value of EUR14.3 million ($16 million).
Quadrant continues roll-up strategy with Fitness First acquisition
Quadrant Private Equity has announced its third fitness club acquisition in Australia, with an agreement to buy market leader Fitness First from Oaktree Capital Management.
PE roll-ups: Consolidation game
Quadrant Private Equity's foray into the fitness club space represents the latest in a string of roll-up investments pursued by middle market Australian GPs. This strategy is a proven winner but execution risk should not be underestimated
Deal focus: H&Q backs flexible EV player
Efficient Drivetrains produces powertrain systems suitable for electric vehicles and hybrids, leveraging automakers desire to meet emissions requirements without building costly in-house operations. H&A Asia Pacific is financing a wider geographic roll-out