Tim Burroughs

Follow Tim

Articles by Tim Burroughs

The churn factor

Mid-cap Asian GPs are no strangers to staff turnover, with volatility tracking the peaks and troughs of different regional markets. In times of plenty, when China and India were booming, it seemed that a week couldn't pass without a manager spinning out...

Australia’s Starfish Ventures scales back team

Malcolm Thornton and Nick Peace are set to leave Australian VC firm Starfish Ventures, having converted from investment directors to venture partners. They will continue to work with existing portfolio companies until exit at which point the two are expected...

Armstrong commits $30m to Thai solar, biogas projects

Southeast Asian cleantech investor Armstrong Asset Management has committed $30 million to solar and biogas projects being developed by Thailand’s Annex Power. The capital will be used to expand the company’s engineering, procurement and construction...

Orrick strengthens Japan M&A, PE practice

Orrick has appointed Edward S. Johnson as a partner in its M&A and private equity practice in Tokyo. He joins from Paul Hastings, where he previously served as managing partner of the Tokyo office.

Singapore’s Temasek exits Cheniere Energy

Temasek Holdings has halved its stake in Cheniere Energy, taking advantage of a spike in the US liquefied natural gas (LNG) company’s shares. The Singapore fund sold 9.2 million shares in the second quarter of 2013 at a valuation of $257 million.

Korea's IMM, Mirae invest $224m in POSCO Specialty Steel

IMM Private Equity and Mirae Asset Private Equity have together invested KRW250 billion ($223.6 million) for a 24% stake in POSCO Specialty Steel (POSCO SS), an affiliate of national steelmaker POSCO. POSCO SS abandoned an IPO effort in December – set...

Everstone-backed beauty brand VLCC makes Singapore bolt-on

VLCC, the Asian health and beauty brand backed by Indian GP Everstone Capital, has bought an 80% stake in Global Vantaage Innovative Group (GVig), a Singapore-based firm that manufactures personal care and skincare products as well as cosmetics. It is...

GP turnover delivers improved fund performance - study

High turnover among GPs leads to improved fund performance, according to a new study conducted by Capital Dynamics and the London Business School (LBS). While the findings appear to turn the prevailing notion that stable teams deliver the best returns...

American Capital infra unit hires ex-Citi banker as Asia MD

American Capital Energy & Infrastructure (E&I), an affiliate of NASDAQ-listed private equity firm American Capital, has appointed Abhay Pande as managing director for Asia. He was formerly co-head of energy global banking in the region for Citigroup.

Abraaj, CDC back India’s Rainbow Hospitals

The Abraaj Group and CDC, the UK government’s development finance arm, have together committed $17.5 million to Rainbow Hospitals, a pediatric and maternity healthcare facility in the southern Indian state of Andhra Pradesh. The size of the stake was...

Intel Capital commits $8.8m to Indian big data firm NxtGen

Intel Capital, global chipmaker Intel’s corporate VC arm, has invested $8.8 million in NxtGen Datacenter & Cloud Technologies, a Bangalore-based IT infrastructure services provider. The capital will primarily be used to complete NxtGen’s large high-density...

Zodius seed funding supports Antuit's US acquisition

Zodius Capital provided $3 million in seed funding to Antuit, a Singapore-headquartered big data and analytics company. A portion of the capital will be used to finance the purchase of Marketwell, giving the company a readymade footprint in the US market.

Financial technology: The new normal

Initiatives are in place to make private equity reporting faster, more detailed and completely standardized. Are the guidelines a good fit for the industry in Asia and what are GPs doing to meet them?

Breaking down the buyout opportunity

Multinational corporations, with one eye on their precarious balance sheets, decide to cut their losses and offload divisions. Septuagenarian founders, keen to retire from the family business but with no obvious successor, agree that it's time to cash...

Singapore’s GIC refines investment approach

GIC Private, the Singaporean sovereign wealth fund, has recalibrated its investment framework, splitting its portfolio into three strategies intended to strike a balance between its risk and return expectations, long-term investment objectives and desire...

Clearlake Capital buys Australia-based auto interiors firm

Clearlake Capital Group, the Los Angeles-headquartered PE firm, has made its first investment in Australia, buying Elders’ automotive business for A$69 million ($62 million), including debt. The divestment allows Elders to become a pure-play rural and...