Tim Burroughs

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Articles by Tim Burroughs

Private equity and family conglomerates

There is no avoiding the family conglomerates. Time and again, while researching the Southeast Asia content that forms the bulk of this week’s issue, these large, often widely diversified family-owned businesses crept into conversations. Everyone, it...

Japan’s CyberAgent Ventures to open Korea office

Japan’s CyberAgent Ventures will open an office in South Korea next month. It will take the VC firm’s Asia presence to eight locations, complementing existing operations in Tokyo, Beijing, Shanghai, Shenzhen, Taipei, Ho Chi Minh and Hanoi.

OTPP, Unitas target PE-owned Infastech – report

Ontario Teachers’ Pension Plan (OTPP) and Unitas Capital have reportedly teamed up to bid for Singapore-based industrial fasteners manufacturer Infastech, currently owned by CVC Capital and Standard Chartered Private Equity (SCPE). The deal could be...

TPG backs $176m ShangPharma MBO

TPG Capital is backing a management buyout (MBO) bid for ShangPharma, a Chinese pharmaceutical and biotech research outsourcing firm listed on the New York Stock Exchange. Michael Hui, ShangPharma’s chairman and CEO, and affiliates of TPG have offered...

Warburg Pincus commits $200m to China Auto Rental

Warburg Pincus has invested $200 million in China Auto Rental, said to be the country’s largest car rental network in terms of revenue. It is the largest equity financing the industry has seen since Legend Holdings made a RMB1 billion strategic investment...

Standard Chartered PE takes Smoothies Korea overseas

Standard Chartered Private Equity (SCPE) has completed its fourth transaction in partnership with South Korea’s National Pension Service (NPS), making a $46 million investment in nutritional beverage brand Smoothies Korea. The company will use the capital...

Temasek warns of volatility as annual profit declines

Temasek Holdings saw a marginal increase in the value of its portfolio to S$198 billion for the year ended March 2012, but net profit fell 16% to S$10.7 billion ($8.45 billion). The Singaporean sovereign wealth fund warned that the global economy remains...

China’s New Pacific Consulting in merger with Parthenon

Shanghai-based private equity advisory firm New Pacific Consulting has merged with The Parthenon Group. The merger gives Parthenon, a provider of strategic and advisory services, a foothold in China to complement existing operations in Boston, San Francisco,...

Carlyle takes controlling stake in China hotel operator

The Carlyle Group has acquired a controlling stake of 49% in Mandarin Hotel Holdings, which manages a mid-market hotel chain in China under the Crystal Orange Hotel and Orange Hotel brands. The private equity firm sees the investment as a means of tapping...

Carlyle exits Sinorgchem to China’s Sinochem

The Carlyle Group has exited its holding in rubber additives producer Jiangsu Sinorgchem Technology through a trade sale to Sinochem International, the overseas arm of the Chinese state-owned chemicals company. This is one of a series of transactions...

Q&A: Pacific Equity Partners' Tim Sims

Tim Sims, co-founder and managing director of Pacific Equity Partners, argues that Australia’s strong fundamentals make it an attractive market for buyouts, while perceptions of an over-reliance on China are misplaced

ski-pioneer-endowment
Endowments: Still gold standard?

North American endowments took a beating during the financial crisis and the recovery process has been slow. But they retain the ability to uncover high-quality GPs, in the US and beyond

  • LPs
AIF invests in Southeast Asian consumer packaging firm

AIF Capital has completed a $40 million investment in Pacific Plas, one of the largest participants in Southeast Asia’s resin distribution and consumer packaging markets. AIF is the first private equity investor in the Singapore-based family-owned company.

PE-backed China Yongda returns with scaled down IPO

China Yongda Automobile Services has re-launched its IPO a month after pulling out of the Hong Kong listing due to weak market demand. The company has reduced its price to HK$6.60 per share, down from a range of HK$7.60-10.80, and cut the size of the...

EB Private Equity abandons David Jones takeover bid

Little-known UK-based investor EB Private Equity has withdrawn its takeover bid for David Jones, Australia’s second-largest department store chain. The group initially submitted an offer of A$1.52 billion ($1.55 billion) in May and later increased it...

CHAMP Ventures closes seventh fund at $483m

Australian GP CHAMP Ventures has closed its latest fund at A$475 million ($483 million) despite a challenging fundraising environment. The vehicle, which launched in August 2010, was oversubscribed, having initially targeted A$450 million.

Beijing creates PE secondaries exchange

China has set up an exchange intended to make it easier for investors to trade their holdings in equity investment funds. Launched on Thursday, the China PE Secondary Market Development Alliance will theoretically facilitate exits from positions in illiquid...

Sprint Capital backs Australian coal miner

Sprint Capital has invested A$36 million ($36.4 million) for a 25% stake in Australian mining company Stanmore Coal. Capital from the Hong Kong-based private equity firm, which specializes in mining and natural resources sector transactions, will go towards...

Abax wins board approval for Fushi Copperweld MBO

Abax Global Capital has finalized a $363.8 million buyout of US-listed Chinese wire manufacturer Fushi Copperweld in alliance with company management. The transaction has taken about 18 months to close and represents Abax’s second successful take-private...