Articles by Tim Burroughs
SCPE backs acquisition of Korean packaging business
Standard Chartered Private Equity (SCPE) is participating in the KRW415 billion ($396 million) acquisition of South Korean conglomerate Hyosung Corporation’s packaging business.
Evercore adds to Asia private funds group
Boutique investment bank Evercore has hired Ian Bell from Credit Suisse to head up distribution and origination for its private funds group in Asia Pacific.
Lombard invests in Vietnam seafood producer
Lombard has invested an undisclosed sum in Viet Uc Seafood, Vietnam’s leading shrimp seed producer. It will help the company optimize operations as it seeks to become a fully-integrated shrimp producer.
Mandala Capital commits $24m to India cold chain business
Mandala Capital has acquired a 30% stake in the cold chain unit of Indian express distribution and supply chain solutions provider Gati for INR1.5 billion ($24.4 million).
China Life to boost alternatives exposure
China Life has mandated one of its investment subsidiaries to deploy up to RMB150 billion ($24.5 billion) of insurance funds into alternative asset classes over the next year.
PE firms settle with Asahi over Independent Liquor sale
Pacific Equity Partners (PEP) and Unitas Capital have agreed a private settlement with Asahi over the sale of Independent Liquor that means the dispute will not proceed to trial.
Jynwel Capital targets Asia oil producer Salamander Energy
Salamander Energy, an Asia-focused oil and gas exploration and production company, has received a buyout offer from Jynwel Capital, a Hong Kong-based PE firm controlled by Malaysian businessman Jho Low.
Carlyle crosses $600m threshold on Japan fund
The Carlyle Group has crossed the halfway mark on its third Japan buyout fund, with approximately $600 million raised predominantly from domestic investors.
Catcha launches VC unit for Southeast Asia TMT deals
Southeast Asia-focused media company Catcha Group has launched a venture capital unit that will invest in new media, technology and mobile businesses throughout the region.
China’s Highsun plans $245m entertainment, internet fund
Guangdong Highsun Group, Chinese property developer and chemicals producer, is launching a RMB1.5 billion ($245 million) PE fund that will invest in entertainment and internet-related assets.
BVCF-backed Jaguar Animal Health targets $54m US IPO
Jaguar Animal Health, a veterinary drugs developer backed by China-focused healthcare investor BVCF, is looking to raise as much as $54 million through a NASDAQ IPO.
India taxi-booking app gets $210m round led by SoftBank
India taxi-booking app Ola has raised $210 million in a Series D round of funding led by SoftBank. Existing investors Tiger Global, Matrix Partners India and Steadview Capital also participated.
China's COFCO plans IPO for PE-backed businesses
Chinese agricultural conglomerate COFCO Corporation is looking to list some of its assets, including Noble Group’s agribusiness unit and Dutch grain trader Nidera Holdings, both of which were acquired with PE support.
Mobile payments: Breaking down barriers
Driven by strong demand from consumers underserved by traditional payment channels, VC and strategic investors are increasingly active in Southeast Asia mobile payment. It is too early to identify winners.
China's SOEs: Reform agenda?
Clearly nonplussed by the question, the GP's voice crept up an octave as he replied: "Of course we're bidding for Sinopec Marketing; everyone is. But I've no idea if we'll get it."
Canada’s Cycle Capital to enter China cleantech market
Canada-based cleantech investor Cycle Capital Management (CCM) will help set up a venture capital fund in Qingdao as part of an investment partnership with the eastern China city.
Warburg Pincus raises $4b global energy fund
Warburg Pincus has closed its first dedicated energy fund at the hard cap of $4 billion, comfortably exceeding the $3 billion target.
EIG invests $125m in Indian renewables player Greenko
EIG Global Energy Partners has invested $125 million in Greenko, an India-focused renewable energy developer that has previously received funding from the likes of GIC Private and TPG Capital.
CVC-backed Link Net cuts size of Indonesia share sale
Link Net, an Indonesian fixed-line broadband and cable TV operator in which CVC Capital Partners is an investor, has reduced the size of its planned share placement.
Centerbridge leads $352m restructuring of Australia-listed miner
Centerbridge Partners will support a $352 million restructuring plan for Boart Longyear, an Australia Securities Exchange-listed mining services provider that has struggled as falling commodities prices prompt a scaling back in exploration.
IDG-backed Sky Solar seeks up to $150m in US IPO
Sky Solar Holdings, a Hong Kong-based independent power producer (IPP) backed by IDG-Accel China Capital, plans to raise up to $150 million through a US IPO.
IFC proposes investment in Temasek’s India NBFC
The International Finance Corporation (IFC) is considering an investment of INR4.5 billion ($75 million) in Fullerton India Credit Company (FICC), a non-bank financial company owned by Temasek Holdings.
SoftBank leads $100m round for Indonesia e-commerce player
SoftBank will lead a $100 million round of funding for Tokopedia, an Indonesian online marketplace. Sequoia Capital will also participate alongside existing investor SB Pan Asia Fund.
Australia’s CHAMP PE to buy Nuplex assets for $112m
CHAMP Private Equity has agreed to buy New Zealand-based Nuplex Industries’ distribution and plastics additives businesses for A$127.5 million ($112 million).