Articles by Tim Burroughs
WiL, Infinity join $22m round for Japan's Soracom
World Innovation Lab (WiL) and Infinity Venture Partners are among the participants in a JPY2.4 billion ($22 million) round of funding for Soracom, a Japan-based internet of things (IoT) communications platform.
Australia's AWE rejects buyout offer from Lone Star
Australia-based oil and gas producer AWE has rejected an unsolicited buyout offer from Lone Star that values the company at approximately A$421 million ($310 million).
China take-privates: Dangerous demand?
Once the preserve of private equity players, now investors of all kinds are lining up to participate in privatizations of US-listed Chinese firms, with a view to targeting the A-share market. Regulators are getting worried
Q&A: Noah Holdings' Piau-Voon Wang
Piau-Voon Wang, formerly of Adams Street Partners, is now co-CIO of Chinese wealth manager Noah Holdings. He explains why helping Chinese investors go overseas could be the biggest PE opportunity of the decade
Deal focus: QIC plots Asia beef supply chain
Leveraging its networks within Australia and across emerging Asia, QIC wants North Australian Pastoral Company to serve as the first link in a chain that takes fresh beef to where demand for it is strongest
IDG-backed Super Sports set for reverse merger in Hong Kong
Two funds managed by IDG Capital Partners will make partial exits from Super Sports Media – which holds the mainland China broadcast rights for English Premier League football matches – through a reverse merger with Hong Kong-listed comic book publisher...
Denham-backed Pembroke buys Australia coal field
Peabody Energy, which filed for bankruptcy protection in the US last month, has agreed to sell its interest in an undeveloped Queensland mining asset to Denham Capital-controlled Pembroke Resources for A$104 million ($76.2 million) in cash plus royalties.
UC Capital launches Euro-India fund
UC Capital, a joint venture between Urdaneta Capital and Capvent, has launched a fund that will invest in European companies and help them open up new growth channels through exposure to India.
Taiwan's ACT Genomics gets $12.5m Series B round
Hotung Group and CDIB Capital has led a $12.5 million Series B round of funding for ACT Genomics, a Taiwan-based company that provides information to cancer treatment specialists.
Korea's GEPS seeks offshore secondaries managers
South Korea’s Government Pension Investment Service (GEPS) is looking to make two commitments – of $50 million apiece – to overseas GPs operating co-mingled global secondaries funds.
Japan's JBIC to invest in KKR Americas fund
The Japan Bank for International Cooperation (JBIC) has made an LP commitment to KKR’s latest North American fund. The size of the investment was not disclosed.
CVC exits China education business EIC
CVC Capital Partners has sold its stake in Education International Corporation (EIC), a China-based business that helps students enroll in universities overseas, to a consortium that includes the company founder.
QIC to buy Australia cattle station business for $295m
QIC has agreed to buy an 80% stake in cattle station operator North Australian Pastoral Company (NAP) in a deal worth around A$400 million ($295 million). It wants to leverage rising demand for beef in Asia, particularly from emerging markets.
Australian budget enhances incentives for early-stage investors
Early-stage investors in Australia will be granted a string of new tax incentives as the government continues its efforts to develop a more innovative economy.
Affinity-owned Tegel gains on trading debut after $205m IPO
Shares in Affinity Equity Partners-owned Tegel Group Holdings closed up 5.2% on the first day of trading in New Zealand following the poultry producer’s NZ$298 million ($205 million) IPO. As of May 4, the company was trading at an 8% premium to the...
India's Mobikwik raises $50m in Series C funding
India-based mobile wallet developer Mobikwik has raised $50 million in a Series C round of funding led by Japanese internet company GMO, Taiwan-based semiconductor manufacturer MediaTek, and existing backer Sequoia Capital.
Hamilton Lane appoints three managing directors in Asia
Hamilton Lane has promoted three Asia-based professionals – Tomoko Kitao, Mingchen Xia (pictured) and Josh Jacob – to managing director.
Deal focus: VCs back founder’s hardware pivot
Mengqiu Wang shelved his mobile app start-up to pursue a longstanding interest in smart robotics. With backing from several VC investors, Zero Zero Robotics' Hover Camera is now nearing commercial launch
Deal focus: RayVio targets China’s water problems
RayVio has found a way to use ultraviolet LED technology in disinfection - and produce high-quality products at scale. IPV Capital and Tsing Capital will help the company grow its China business
LPs and emerging markets: Expectations game
Institutional investors rank Southeast Asia and India as the most attractive emerging markets for GP investment, but there is also an awareness of the risks
DFJ sells India assets to NewQuest
Direct secondaries specialist NewQuest Capital Partners has acquired the majority of Draper Fisher Jurvetson’s (DFJ) India portfolio.
CDIB Capital invests $45m in China's Best Logistics
CDIB Capital has committed $45 million to Best Logistics Technologies, a China-based IT-driven integrated logistics and supply chain management business part-owned by Alibaba Group.
LPs slow new commitments to emerging markets PE - survey
Investor sentiment on emerging markets private equity appears to be weakening, with 40% of respondents in EMPEA’s global limited partners survey planning to increase commitments to fund managers in 2016, down from 46% last year.
Hong Kong Monetary Authority doubles alternatives commitments in 2015
The Hong Kong Monetary Authority (HKMA) made new or approved private equity and real estate commitments of $9.7 billion in 2015, double the previous year’s allocation.