Articles by Tim Burroughs
Quadria Capital buys India’s Milestone Religare
Quadria Capital, which is currently raising a healthcare fund focused on South Asia and Southeast Asia, has acquired Milestone Religare Investment Advisors. Milestone Capital, joint owner of the asset alongside Religare Enterprises, had been looking for...
VIDEO: Edward Epstein of Troutman Sanders
Private equity investment in China’s real estate sector will become more specialized as it matures, with healthcare and old age care among the key segments to watch, says Edward Epstein, managing partner of Troutman Sanders’ Shanghai office
Vietnam’s Mekong Capital in partial exit from Mobile World
Mekong Capital has completed a partial exit from Vietnamese mobile phone retail chain Mobile World, securing an 11x return, including dividend payments. The PE firm initially invested $3.5 million in 2007.
CNEI invests in Chinese drug developer
China New Enterprise Investment (CNEI) has committed $21 million to Shanghai Fudan-Zhangjiang Bio-Pharmaceutical (FDZJ), a Hong Kong-listed developer of drugs and diagnostic products.
High-profile angel investors back Australian start-up Canva
Australian online design start-up Canva has attracted $3 million in seed funding from a group of high-profile angel investors, including Adrian MacKenzie, who left his position as head of CVC Capital Partners’ local operations late last year.
Australian trade buyer fined in Castle Harlan ‘bid rigging’ case
Australian’s Federal Court ordered engineering firm Bradken to pay $22.4 million in damages over its takeover of a Canadian mining services company Norcast that was previously bought and sold on the same day by US private equity firm Castle Harlan.
Anacacia reap returns on Home Appliances
Family-owned businesses that have been built from the ground up often lack depth at management level. Founders who have proved themselves in the start-up phase might struggle once a company reaches a certain scale: they are wearing three hats - manager,...
PE, MFIs back Philippines rural lending initiative
When examining the driving forces of rural development, one fact continually rings true: the higher the proportion of people in possession of a bank account, the higher a country's GDP per capita. In Asia, two countries fall well below the trend line...
Pay to play: Australia's fee debate
The debate over private equity fees in Australia is a hotly contested domestic issue, but its long-term implications say much about how the asset class might evolve at a global level
CPPIB prefers India to China as infrastructure play
Canada Pension Plan Investment Board (CPPIB) expects to make more progress in Indian infrastructure as opportunities in the sector in China are limited by the availability of cheap finance, which enables local governments to develop projects without foreign...
Lunar hires ex-Parker Pens China executive as sector partner
Lunar Capital has appointed Vincent Sun as sector partner for high-end branded consumer goods, with the expectation that he will be seconded to children’s clothing retailer I Pinco Pallino Asia as general manager. This follows the China-focused GP’s...
Leopard Capital's Cambodia fund commits to Engage Resources
Leopard Capital has invested an undisclosed sum in Engage Resources, enabling the kenaf-based products manufacturer to expand its operations from Thailand into Cambodia. Kenaf is a fibrous plant used in animal feed as well as in the construction and paper...
Competition for large-cap Indonesia deals to intensify – AVCJ Forum
Indonesian private equity will remain intensely competitive at the larger end of the market as regional and global buyout firms compete for a limited number of deals, industry participants told the AVCJ Indonesia Forum in Jakarta today.
Archer’s Brownes buys Ravenhill Dairy assets
Archer Capital-owned Brownes has agreed to buy Ravenhill Dairy’s brand, processing assets and milk supply as it bids to double turnover to A$400 million over the next five years and steal a march on Western Australia rivals Harvey Fresh and Lion.
Baring PE Asia tables buyout offer for China’s Ambow Education
Baring Private Equity Asia (BPEA) has offered to buy New York-listed Ambow Education Holding in a deal that values the Chinese tutoring and training services provider at about $108 million. It is the 14th PE-backed take-private transaction involving a...
AVCJ at 25: Patrick Walujo of Northstar Pacific Partners
Patrick Walujo, co-founder and managing partner of Northstar Pacific Partners, leveraged local knowledge and relationships at TPG Capital to create Indonesia’s largest domestic private equity platform
AVCJ at 25: Sandiaga Uno & Kay Mock of Saratoga Capital
Sandiaga Uno and Kay Mock, founding partners of Saratoga Capital, transformed a family office into a private equity firm on the back of strong growth and sound investments in Indonesia
AVCJ at 25: Michael Chae of The Blackstone Group
Michael Chae, head of international private equity at The Blackstone Group, arrived in Asia after the global financial crisis and as the pre-IPO fever was about to turn. Changing times require changing strategies
AVCJ at 25: Nick Bloy of Navis Capital Partners
Nick Bloy, co-managing partner at Navis Capital Partners, saw Lehman Brothers collapse within days of a launching his sixth fund. LPs had to be reassured or replaced, and the strength of Navis’ existing portfolio was pushed to the fore
AVCJ at 25: David Gross-Loh & Jim Hildebrandt of Bain Capital
David Gross-Loh and Jim Hildebrandt, managing directors at Bain Capital, guided the firm’s Japan-heavy Asia portfolio through the global financial crisis. Acting fast without overreacting was central to their approach
AVCJ at 25: Tim Sims of Pacific Equity Partners
Tim Sims, a founder and managing director at Pacific Equity Partners, was part of the team responsible for Australia’s first-ever leveraged buyout in 1998. Fourteen years on, Australia is the regional hub for these deals
AVCJ at 25: Bill Ferris & Joe Skrzynski of CHAMP Private Equity
Bill Ferris and Joe Skrzynski set up Australian Mezzanine Investments in 1987. Now known as CHAMP Private Equity, the firm was responsible for some of Australia’s first buyouts and then saw the market rise and rise during the 2000s
AVCJ at 25: Luis Miranda of IDFC Private Equity
Luis Miranda became CEO of a fledgling IDFC Private Equity in 2002, raised India’s first infrastructure fund, and helped prove that the sector can make money. A flood of new capital arrived and the country is still adjusting to it
AVCJ at 25: Renuka Ramnath of Multiples Alternative Asset Management
Renuka Ramnath, founder and CEO of Multiples Alternative Asset Management, helped kick-start India VC as ICICI Venture grew from a small-scale backer of internet start-ups into the country’s leading private equity firm