Articles by Tim Burroughs
GIC names new private equity chief
Government of Singapore Investment Corp. (GIC), Singapore’s leading sovereign wealth fund, has appointed a new private equity head as part of a significant personnel shift that sees younger people move into senior roles.
Pacific Road seeks $500m for new mining buyout fund
Pacific Road Capital Management, which targets buyouts in the mining sector, is planning to raise $500 million for its second fund. The Australian firm, which has invested in approximately 11 mining companies through its $320 million Resources Fund I,...
Samena Capital launches $700m special situations fund
Samena Capital has launched its second special situations fund with a target of $700 million. The company – whose name derives from the regions in which it invests: subcontinent, Asia, Middle East and North Africa – has already received commitments...
Lazard PE arm invests in Australian oil and gas consultancy
The private equity arm of Lazard has become an investor in RISC, taking a 41% stake in the Australian oil and gas consultancy for an undisclosed sum. Under the deal, RISC will also form a strategic alliance with Lazard, giving the consultancy wider exposure...
Archer Capital wins race for Australian hospital group
Archer Capital has bought Healthe Care, Australia’s third-largest hospital group, from CHAMP Ventures for $240 million. Pacific Equity Partners was the only other serious bidder, with Quadrant Private Equity pulling out, the Australian reported.
TPG pays $100m for 15% stake in Shriram Properties
TPG has bought a 15% holding in Shriram Properties, the real estate arm of Indian financial services player Shirarm Group, for INR450 crore ($100 million).
Huaneng Renewables in $800m Hong Kong IPO
Huaneng Renewables has raised HKD6.23 billion ($800 million) through its second attempt at an IPO in Hong Kong, supported by cornerstone investors including China Investment Corporation, Temasek Holdings and Standard Chartered Private Equity (SCPE).
MSPE Asia singles out Yongye as a value proposition
To Yongye International, a Chinese agricultural nutrients producer, Morgan Stanley Private Equity (MSPE) Asia is every bit the white knight. Under attack from short-sellers that had branded the company a fraud, Yongye’s stock was in trouble: it was...
China’s LP problem
A shortage of qualified investment partners is hindering foreign PE firms’ efforts to raise renminbi funds
KPCB takes on life sciences expert in Shanghai
KPCB have taken on life sciences expert James Huang as a partner in its Shanghai office. Huang was previously managing partner at Vivo Ventures, a venture capital firm specializing in life science investments.
KKR in talks to raise stake in Indian power company
KKR is to purchase an 11% stake in Avantha Power & Infrastructure for $75 million, taking its total holding in the Indian company to just over 20%. A senior official with the company told the Economic Times that the two parties were in advanced discussions...
Origo buys stake in Chinese molybdenum miner
China-focused Origo Partners has purchased a 20% stake in Moly World, a molybdenum miner based in Inner Mongolia, for $10 million. As part of the deal, Origo Resources International, a commodities trading firm owned by the private equity firm, will receive...
New reliance fund to seek overseas LPs
Reliance Equity Advisors (India) is looking to start a $250-$300 million fund by the end of the year, relying on overseas investors for capital, the Wall Street Journal reports.
Carlyle, Vestar sell down stakes in Asia-focused chemicals firm
Carlyle Group and Vestar Capital Partners sold down stakes in AZ Electronic Materials, an Asia-focused chemicals manufacturer, sending the London-listed company’s stock plunging 10% on Wednesday. Each private equity firm jettisoned a 10% holding –...
Rabobank makes Indian PE investment
The India Agri-Business Fund (IABF), a private equity vehicle owned by Rabobank, has agreed to invest INR101.75 crore ($22.6 million) in National Collateral Management Services (NCMSL), alongside the International Finance Corporation (IFC) and four existing...