Articles by Tim Burroughs
Unitas cancels fundraising plans, China team joins Permira
Unitas Capital has decided against raising a fourth fund, and its China team, led by Jim Tsao, will join Permira under a multi-year transition agreement.
Deal focus: CreditAccess pursues multi-market scale in Asia
Olympus Capital commits $30 million to support the roll-out of CreditAccess Asia's microfinance business in new markets
Eight Roads leads $30m round for China's QuanCheng
Eight Roads, an investment arm of Fidelity International, has led a $30 million Series B round of funding for QuanCheng, a Chinese software-as-a-service (Saas) start-up that specializes in expense management.
Singapore's Aslan Pharma closes $43m Series C round
Singapore-based biotech developer Aslan Pharmaceuticals has closed its Series C round of funding at $43 million with additional capital from new investor MVP Capital Partners.
VIDEO: Khosla Ventures' Andrew Chung
Popular belief in the US that China is playing catch-up or copycat on technology is misguided, according to Andrew Chung, a managing partner at Khosla Ventures, who claims to see incredible amounts of innovation taking place in the country
TA promotes India, Asia heads
TA Associates has promoted Naveen Wadhera, its London-based Asia co-head, to managing director, while Dhiraj Poddar (pictured), co-head of the firm’s India business, becomes a principal.
Orion, BNP form Asia alternatives partnership
BNP Paribas will take a minority stake in a newly-established partnership with Asia-based private equity and real estate player Orion Partners. They plan to launch funds together to meet growing client demand for exposure to alternatives in the region.
Rival bidder for China's iKang Healthcare hikes offer
A PE-backed consortium that includes Meinian Onehealth has increased its take-private offer for iKang Healthcare Group in response to a rival consortium led by the company’s founder bringing in a string of heavyweight investors.
Olympus supports microfinance player's Asia roll-out
Olympus Capital Asia has agreed to invest $30 million in CreditAccess Asia, but this could just be the starting point as the India and Southeast Asia-focused microfinance institution (MFI) pushes into new markets, with Vietnam the likely next target.
Alibaba, OTPP join founder-led consortium bidding for iKang
Alibaba Group and Ontario Teachers’ Pension Plan (OTPP) have joined a consortium led by the founder and CEO of iKang Healthcare Group that is involved in a competitive battle to privatize the US-listed company.
L Capital to merge with US-based Catterton
L Capital, a private equity firm sponsored by luxury goods giant LVMH, will merge with consumer-focused GP Catterton to form L Catterton.
Affiliated Managers Group invests in Baring Asia
Affiliated Managers Group (AMG), a US-based global asset management company, has acquired a 15% stake in Baring Private Equity Asia for an undisclosed sum.
Q&A: Sankaty Advisors' Jonathan Lavine
Jonathan Lavine, managing partner at Sankaty Advisors, explains the firm’s strategy in Asia and globally. The following is taken from an interview for AVCJ TV conducted in the summer of 2015
Deal focus: Macpac aims to scale new heights
CHAMP Ventures acquires New Zealand outdoor apparel and equipment supplier Macpac with a view to replicating the success it has enjoyed with Lorna Jane
Secondary exits: Pass the parcel
Is Baring Private Equity Asia's flood of secondary buyouts from other GPs indicative of a wider trend in the industry in Asia?
China's iDreamSky agrees PE-backed take-private
Chinese mobile game publisher iDreamSky Technology has agreed to be taken private by its chairman and a string of venture capital investors. The company listed on NASDAQ in August 2014.
PAG closes second Asia fund at $3.66b - update
PAG Asia Capital has reached a first and final close on its second fund at $3.66 billion. The vehicle, which had an initial target of $3 billion, spent less than eight months in the market.
PE-backed diagnostics player Thyrocare files for India IPO
Thyrocare Technologies, an Indian diagnostics company with several private equity backers, has filed for a domestic IPO.
PE-backed Ujjivan Financial Services files for India IPO
Ujjivan Financial Services, an India-based microfinance institution (MFI) that has been awarded a banking license, has filed for an IPO, which would facilitate exits for several private equity backers.
China Everbright launches renminbi fund-of-funds
China Everbright has established a fund-of-funds with initial capital of RMB5 billion ($769 million) and a full target of RMB10 billion.
Creador buys minority stake in 7-Eleven Malaysia
Creador has acquired a 6.56% stake in 7-Eleven Malaysia Holdings, the country’s largest convenience store chain with more than 1,900 stores, for around MYR108.8 million ($25.3 million).
Taiwan's Fair Trade Commission approves CNS sale
Taiwan’s Fair Trade Commission has approved the acquisition of cable television provider China Network Systems (CNS) by Morgan Stanley Private Equity Asia (MSPEA) and Far EasTone Telecommunications.
Black River backs India's Future Consumer Enterprise
Black River Asset Management, an independently managed alternative investment unit of agribusiness giant Cargill, will invest $45 million in India's Future Consumer Enterprise (FCEL).
Bain agrees to sell stake in Japan's Jupiter Shop
Bain Capital has agreed to sell its entire 50% stake in Japan's Jupiter Shop Channel to Jupiter Communication (J:COM), a company part-owned by Sumitomo Corporation. Bain bought its interest from Sumitomo at a valuation of JPY100 billion (then $1.3 billion)...