Articles by Tim Burroughs
Secondaries specialist NewQuest to seek $500m for Fund III
NewQuest Capital Partners, which targets secondary direct transactions across Asia, wants to raise $500 million for its third pan-regional fund.
IDG, Carlyle re-up in China online real estate portal SouFun
IDG Capital Partners and The Carlyle Group will invest between $400 million and $700 million in US-listed Chinese online real estate portal SouFun Holdings, alongside company management.
Bank of Tokyo-Mitsubishi commits $30m to Asia climate fund
Bank of Tokyo-Mitsubishi UFJ (BTMU) has committed $30 million to Asia Climate Partners, a fund set up by the Asian Development Bank (ADB), Japan’s Orix Corp, and Robeco Institutional Asset Management.
ADV in $545m final close on debut Asia fund
ADV Partners has reached a final close of $545 million on its debut pan-regional fund, exceeding the $500 million target. Approximately 30% of the corpus has already been deployed.
Australia’s PEP closes Fund V at A$2.1b
Pacific Equity Partners (PEP) has closed its fifth Australia and New Zealand-focused fund at the hard cap of A$2.1 billion ($1.5 billion). The vehicle came in oversubscribed as LP interest grew following a string of exits by the GP over the past 18 months.
Asian GPs improving on ESG awareness - AVCJ Forum
The impetus for environment, social and governance (ESG) issues achieving greater prominence in PE comes from Europe, but Asian GPs are not necessarily so far behind their counterparts in developed markets.
Warburg Pincus, Legend re-up in China chauffeur service Ucar
China-based chauffeured car service provider Ucar has raised a further $550 million from Warburg Pincus, Legend Capital and China Auto Rental (CAR). They have now invested a total of $800 million in the company.
China's Didi Kuaidi agrees partnership with US-based Lyft
China-based ride-hailing app operator Didi Kuaidi has invested $100 million in US counterpart Lyft as part of a strategic alliance between that will allow each company to use the other’s services.
Forebright supports take-private of China's Jinpan International
Forebright Capital, a PE firm formed last year though a spin-out from China Everbright International, is supporting a $73.9 million take-private bid for US-listed Jinpan International, led by the company’s chairman.
Intel Capital invests $67m in eight Chinese companies
Intel Capital has committed $67 million to eight Chinese technology start-ups working in smart devices, robotics, the internet of things, cloud services, big data, and data analytics.
PEP buys New Zealand-based Academic Colleges Group
Pacific Equity Partners (PEP) has agreed to buy Academic Colleges Group (ACG), New Zealand’s largest private provider of school education, university foundation studies and tertiary training programs.
IVFA in part-exit from India's UEM as Toshiba raises stake
Toshiba Corporation has increased its stake in India-based water supply and treatment business UEM to 80%, facilitating a partial exit for India Value Fund Advisors (IVFA), which has backed the company since 2009.
Blackstone buys back India BPO unit from Serco for $387m
The Blackstone Group has agreed to buy the majority of Serco Group’s India-based business process outsourcing (BPO) operations for GBP250 million ($387 million). The major asset in the deal is the former Intelenet business, which Blackstone sold to...
Anchorage wins rival's backing for buyout of Australia's Affinity
Anchorage Capital Partners has won the support of rival bidder G8 Education for its acquisition of Australian childcare business Affinity Education after submitting an improved offer.
Super funds support Blackbird's $143m Australia VC vehicle
Australia-based venture capital firm Blackbird Ventures has raised A$200 million ($143 million) for its second fund, winning support from local superannuation funds First State Super and HOSTPLUS.
Carlyle closes third Japan fund at $1b
The Carlyle Group has closed its third Japan-focused fund at JPY119.5 billion ($1 billion), exceeding the target of JPY100 billion.
Q&A: PRI's Fiona Reynolds
The UN-sponsored Principles for Responsible Investment (PRI) initiative has extended its coverage into private equity in recent years. Managing Director Fiona Reynolds offers a snapshot of her findings
Going green: PE's environmental value-add
The private equity industry's approach to environmental value-add is evolving. The Environmental Defense Fund, KKR and The Carlyle Group discuss the various partnerships that underpin these efforts
PE and ESG: More than a box check
Environmental, social and governance (ESG) issues have traditionally featured in pre-deal due diligence to mitigate risk, but GPs are increasingly called upon to weave these considerations into strategic thinking
Everstone closes third India fund at $730m
Everstone Group has closed its third fund – which focuses on India as well as overseas businesses that benefit from rising Indian domestic consumption – above target at $730 million.
Hao Capital invests $12.5m in China's DJ Health Union
China-focused GP Hao Capital has invested $12.5 million in DJ HealthUnion Systems Corporation, which specializes in providing health data sharing solutions to hospitals.
Crescent submits takeover bid for Australia's Cardno
Crescent Capital Partners has submitted a takeover offer for Cardno, a listed Australian engineering company that focuses on developing physical and social infrastructure projects.
PE investors target Korean corporate carve-outs - AVCJ Forum
Private equity investors in South Korea continue to see signs of increased deal flow in the form of corporate carve-outs as domestic conglomerates rationalize their businesses.
Littlejohn exits Henniges Auto to China's AVIC
A subsidiary of Aviation Industry Corporation of China (AVIC) has acquired automotive equipment manufacturer Henniges Automotive Holdings from US mid-market buyout firm Littlejohn & Co.