Articles by Tim Burroughs
GPs look to adapt to a fast-changing China
China-focused private equity investors are modifying their investment approaches in the face of a challenging economic environment and ongoing overcapacity issues.
Japan's ChatWork raises $12.5 Series B round
Japan-based business chat platform ChatWork has raised $12.5 million in Series B funding from Jafco, SMBC Venture Capital and GMO Venture Partners.
China O2O services platform Meituan-Dianping raises $3.3b
Meituan-Dianping, the China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has confirmed that its latest funding round has closed at $3.3 billion.
CDH targets $1.1b buyout of US-listed Zhaopin
CDH Investments is part of a consortium that has submitted a take-private offer for Chinese recruitment website Zhaopin, which is majority owned by Australia’s Seek. The bid values the US-listed company at $1.1 billion.
Deal focus: Bain revives FCI in Asia
Bain Capital spent 10 years restructuring Europe-based FCI - more than returning its capital from divestments in the process - into an Asia-focused electronics business
China take-privates: New wave
Recent volatility notwithstanding, plenty of investors want to back China take-privates with a view to domestic re-listings at higher valuations. The company founders behind these deals are the big winners
Korea's KIC appoints new CEO
Korea Investment Corporation (KIC) has appointed Sung-Soo Eun, most recently an executive director at the World Bank, as its CEO. He will also serve as chairman of the sovereign wealth fund’s board.
Japan's J-Star buys nursing care business
J-Star has made another investment intended to leverage Japan’s aging population with the acquisition of Platia, a nursing services business that specializes in caring for people with dementia.
Headland slims team to focus on portfolio management
Headland Capital Partners has seen the departure of two partners and slimmed down its investment team following the decision last September to suspend fundraising and focus on the existing portfolio.
Anchorage speaks out on Dick Smith investment
Anchorage Capital Partners has spoken out for the first time about the demise of its former portfolio company, Dick Smith Electronics, for which the Australian GP has attracted much criticism.
Hong Kong to launch $256m fund to invest alongside VCs
The Hong Kong government will create a HK$2 billion ($256 million) fund that will co-invest in start-ups alongside venture capital funds on a matching basis. It is one of a number of initiatives intended to bolster innovation and technology in the territory.
DBJ, Japan Wind Development to form $423m fund
The Development Bank of Japan (DBJ) and Japan Wind Development (JWD) – a local developer acquired last year by Bain Capital – have agreed to launch a JPY50 billion ($424 million) wind power fund.
Abax raises $235m for Asia special situations fund
Abax Global Capital has raised $235 million for its second Asia special situations fund, which has a strong focus on China.
India's ChrysCapital reaches $350m first close on Fund VII
ChrysCapital has reached a first close of nearly $350 million on its seventh India fund. The vehicle, which launched last September, has an overall target of $600 million and a hard cap of $650 million.
Carlyle promotes India-based Neeraj Bharadwaj to partner
The Carlyle Group has promoted Neeraj Bharadwaj, a Mumbai-based member of the firm’s Asia buyout team, to partner.
Australia IPOs: Crisis of confidence?
The demise of Dick Smith Electronics has prompted criticisms of Anchorage Capital Partners' handling of the business and left investors questioning the quality of PE-backed IPOs in Australia
Deal focus: AGIC targets Sino-German industrial synergies
AGIC Capital sees the $1 billion acquisition of KraussMaffei from Onex as just one example of the rich seam of cross-border deal flow available for Chinese investors in Germany
4Q analysis: Ending with a whimper
4Q analysis: Bain Capital and PAG shine in a difficult fundraising environment; large-ticket infrastructure and tech deals offer pointers for 2016; public market volatility continues to hamper PE exits
Abraaj to buy India's CARE Hospitals from Advent
The Abraaj Group has agreed to buy CARE Hospitals, India's fifth-largest healthcare provider from Advent International.
Sam Robinson joins North-East Family Office from Aberdeen
Sam Robinson, previously head of regional private equity fund investment at Aberdeen Asset Management, has joined North-East Family Office as managing partner for Asia.
Adams Street hires Hart to lead Asia business development
Adams Street Partners has appointed Ben Hart, formerly of Capital Dynamics, as partner and head of business development for Asia.
Ex-New Horizon investors lead $100m round for Zai Lab
Advantech Capital, one of two new funds launched by executives from Chinese GP New Horizon Capital, has led a $100 million Series B round of funding for biotech start-up Zai Lab.
Affinity set for over 6x return on Korea's Loen Entertainment - Update
Affinity Equity Partners is set for a more than 6x return on its investment in Loen Entertainment, the Korean equivalent of iTunes, following Kakao Corporation's agreement to buy a majority stake in the business.
AGIC joins $1b Chinese acquisition of KraussMaffei
AGIC Capital, a private equity firm that focuses on China-Europe cross-border investments, has teamed up with two Chinese companies to acquire KraussMaffei Group from Onex Corporation at an enterprise valuation of EUR925 million ($1.01 billion).