Articles by Tim Burroughs
Archer Capital backs New Zealand education business
Archer Capital has created an education business in New Zealand following the acquisition of five privately-owned vocational education and training institutions.
Creador nets 2.8x return on part-exit from Cholamandalam
Creador has made a partial exit from Cholamandalam Investment & Finance (CIF), an India-based non-banking finance company (NBFC), securing a 2.8x multiple and a 33% IRR in US dollar terms.
Wind Point Partners buys Korean lens manufacturer
Chicago-based private equity firm Wind Point Partners has acquired Daemyung Optical, South Korea’s second-largest manufacturer of optical lenses. Financial terms were not disclosed.
Biosensors agrees to CITIC Private Equity buyout
The board of Singapore-listed medical devices manufacturer Biosensors International has accepted a buyout offer from CITIC Private Equity that values the company at approximately S$1.4 billion ($996 million).
Fortress raises $1.1b for third Japan special situations fund
Fortress Investment Group has closed its third Japan-focused special situations fund at the hard cap of $1.1 billion. Ten deals have already been completed with more than JPY17 billion ($140 million) deployed.
PE firms target China services sector liberalization - AVCJ Forum
The liberalization of China’s services sector represents a significant opportunity for private equity, although investors must think carefully about targeting appropriate areas and finding the right partners.
Adams Street's PV Wang to step back
Piau-Voon Wang, a partner at Adams Street Partners who opened the firm’s Singapore office in 2006, is stepping back and transitioning to an advisory role.
Intel Capital backs two Greater China start-ups
Intel Capital has invested in Taiwan-based internet of things (IoT) solutions provider Microprogram Information and Chinese imaging and video technology specialist Perfant Technology.
Shaw Kwei strengthens Hong Kong team
Middle market Asian PE firm Shaw Kwei & Partners has hired Brian Lau as an executive director based in its Hong Kong office.
Asian GPs should share the wealth internally - AVCJ Forum
The Asian private equity talent pool is deepening but GPs must ensure their compensation schemes are well balanced in order to retain mid-level staff, industry participants told the AVCJ Forum.
Asia co-investment: The waiting game
Large-scale co-investment will take time to get traction in Asia
Q&A: Creador's Brahmal Vasudevan
Creador targets mid-market investments in Southeast Asia and India. CEO Brahmal Vasudevan explains why he sees limited competition outside of India, and why he’s excited about the Philippines
KKR commits $300m to Asia media investment platform
KKR has committed $300 million to a Emerald Media, an investment platform that will target media and entertainment opportunities across Asia. The Chernin Group is participating as a minority co-investor in the deal.
PE investors see opportunity amidst volatility - AVCJ Forum
Asian private equity is experiencing some volatility – driven in part by macroeconomic concerns and public markets turbulence – but investors told the AVCJ Forum that they are still finding ample opportunities.
Bain, Baring lead the way at AVCJ Awards
With four investments, four partial exits, two IPOs and a string of dividend payments over the past 12 months, Bain Capital was named firm of the year at the 2015 AVCJ Private Equity and Venture Capital Awards.
VIDEO: Oaktree's Howard Marks
Oaktree Capital Management has been following a mantra of “move forward, but with caution,” since 2011, and Howard Marks, the firm’s chairman, told AVCJ earlier this year that he has seen no reason to change this outlook
Sequoia, Matrix commit $7.6m to India's TinyOwl
TinyOwl, an India-based mobile food-ordering platform, has raised INR500 million ($7.6 million) from existing investors Sequoia Capital and Matrix Partners.
Canada's Fairfax ups stake in ICICI Lombard
Canada-based Fairfax Financial Holdings has agreed to buy an additional 9% of ICICI Lombard General Insurance from ICICI Bank for approximately $234 million.
Japan female-focused video ad network raises $6.6m
Jafco, TBS Innovation Partners and strategic investors iStyle and Excite Japan have invested JPY800 million ($6.6 million) in Open8, a Tokyo-based start-up that a video ad platform targeted at women.
Spring-backed Denox targets $46.8m Hong Kong offering
Denox Environmental & Technology Holdings, a China-based manufacturer of catalysts used to reduce emissions from coal-fired power plants, is looking to raise up to HK$362.5 million ($46.8 million) in a Hong Kong IPO.
PE-backed China Huarong trades flat after $2.3b HK IPO
Shares in China Huarong Asset Management, a distressed debt manager with several private equity backers, opened flat in Hong Kong following a HK$17.82 billion ($2.3 billion) IPO.
CMC secures $1.3b China football rights deal
CMC Capital Partners, a China-focused PE firm that specializes in media and entertainment investments, has agreed an RMB8 billion ($1.3 billion) deal to broadcast matches in China’s domestic football league.
CITIC PE seeks full ownership of Biosensors International
CITIC Private Equity has submitted a buyout offer for Biosensors International, a Singapore-listed medical devices manufacturer in which it already holds close to a 20% stake.
Asia O2O services: The long tail
From taxi journeys to pedicures, online-to-offline services are changing consumption channels in Asia’s emerging markets. Some leaders have emerged, but much of the sector is still up for grabs