Articles by Tim Burroughs
AVCJ daily bulletin returns May 3
AVCJ's daily bulletin will not be published on Monday May 2 due to the Labor Day public holiday in Hong Kong.
Chinese chemicals maker buys Tommee Tippee owner from 3i
Shanghai Jahwa United, a Chinese chemical products maker wholly owned by Ping An Insurance Group, has agreed to buy Mayborn Group – the UK-based manufacturer of Tommee Tippee baby bottles – from 3i Group.
MSPEA nets 4.5x return on part-exit from Hong Kong's AMTD
Morgan Stanley Private Equity Asia (MSPEA) secured a 4.5x return on its partial exit from Hong Kong-based financial advisor AMTD when China Minsheng International and LR Capital Group took a majority interest in the business.
Temasek makes organizational changes, promotions
Singapore’s Temasek Holdings has combined its sector and market investment teams under a single investment group – promoting to president the two executives who will run this division – and created a new portfolio strategy and risk group in response...
China's Zero Zero Robotics gets $23m Series A round
Zero Zero Robotics, a Beijing-based start-up that has developed a flying camera for the consumer market, has received $23 million in Series A funding from IDG Capital Partners, GSR Ventures, ZhenFund and ZUIG.
China's IPV, Tsing back US hygiene technology start-up
China-based VC firms IPV Capital and Tsing Capital have led a $26 million Series C round of funding for RayVio Corp, a US company that has developed an ultraviolet LED technology for use in hygiene products.
Australia renewables: Clear skies
Having spent the last couple of years in a politics-driven limbo, Australia’s renewable energy sector is seeing renewed investor interest. Nevertheless, the market still presents various challenges
New kids on the block: Accessing Asia's emerging LPs
Patience is a virtue when looking for allocations from Asian institutions that are either new to private equity or planning to increase commitments to the asset class
Japan Post targets higher-yield assets
The new CEO of Japan Post Holdings has underlined his commitment to targeting riskier asset classes, including private equity and direct M&A opportunities. This comes as several local insurers are branching out into higher-return investments overseas...
Singapore's GIC appoints CIO for private equity
Singapore’s GIC Private has named Yong-Cheen Choo as chief investment officer for private equity, one of five new roles created to enhance the sovereign wealth fund’s investment capabilities.
Genesis backs Chinese second-hand machinery trading platform
Genesis Capital, a late-stage VC firm set up by the former head of Tencent Holdings’ investment unit, has led a RMB200 million ($30.8 million) Series C round for Tiebaobei.com, a Chinese online trading platform for second-hand machinery.
Hony set for $2.7b close on latest China fund
China-focused GP Hony Capital has raised $2.7 billion for its latest fund, with the formal closing expected to happen next week. The firm reached a first close of $1 billion in late 2015.
Australia's Bradken rebuffs another CHAMP PE approach
Australian mining supplier Bradken has rejected a A$150 million ($117 million) recapitalization proposal from CHAMP Private Equity. It comes seven months after discussions over a previous offer, involving a potential merger with Chile’s Sigdo Koppers,...
Korea's VIG Partners buys parking management business
VIG Partners – formerly known as Vogo Investment – has agreed to buy an 83% stake in Korea-based parking management business HiParking for KRW27 billion ($23 million).
Two thirds of Asia PE professionals expect pay rises in 2016 - survey
Nearly two thirds of private equity professionals in the Asia Pacific region expect an increase in base salary this year, with mid-level executives – vice presidents, principals and directors – the biggest driver.
Legacy issues: GP succession planning
Succession planning issues are relatively few in Asian private equity, but that will change - and what GPs do to retain the next generation leadership will increasingly come under the spotlight
Deal focus: Ninja Van targets logistics logjam
The Abraaj Group leads a $30 million round to support expansion of Ninja Van's last-mile delivery services into more Southeast Asian markets
Abraaj leads $30m round for SE Asia last-mile delivery start-up
The Abraaj Group has led a $30 million Series B round of funding for Ninja Van, a last-mile logistics provider with operations in Singapore, Malaysia and Indonesia.
The Growth Fund set for part-exit in Motorcycle Holdings IPO
Archer Growth – which is now known as The Growth Fund – is on course to make a partial exit from MotorCycle Holdings, with the Australian motorcycle dealership operator targeting a A$46.3 million ($36 million) IPO.
UOB to launch Sino-Singapore fund in Chongqing
UOB Venture Management (UOBVM) will launch a Chongqing-based private equity fund of up to RMB100 billion ($15.4 billion) that will invest in companies addressing the China and Singapore markets.
Australia's CEFC, Palisade target $766m in renewables projects
Palisade Investment Partners and Australia’s Clean Energy Finance Corporation (CEFC) will partner on investments in domestic renewable energy projects valued at A$1 billion ($766 million).
PE consortium battles Ping An for China's Autohome
Boyu Capital, Hillhouse Capital and Sequoia Capital have submitted a take-private offer for Chinese auto listings and information service Autohome. This follows Telstra agreeing to sell its majority stake in the business to Ping An Insurance Group.
XIO Group to buy JD Power for $1.1b
XIO Group, which targets assets in North America and Europe with a view to unlocking growth potential in emerging markets such as Asia, has agreed to acquire market research business J.D. Power for $1.1 billion.
LPs see potential despite shallow Indonesia GP field - AVCJ Forum
Investors are still waiting to see if Indonesian private equity managers can deliver due to the relative youth of the market and the local GPs participating in it, LPs told the AVCJ Indonesia Forum.