Articles by Tim Burroughs
India antitrust regulator to probe private equity
India’s competition regulator will conduct a study on the role of private equity in India – identifying any potential antitrust issues – in response to the asset class’ rising prominence.
TPG, Northstar commit $236m to Japfa's SE Asia dairy business
TPG Capital and Northstar have agreed to pay $236 million for an 80% stake in the Southeast Asia consumer dairy operation of Singapore-listed agribusiness giant Japfa.
Deal focus: Huaxing gives overseas LPs taste of China medtech
In addition to raising $213 million for its latest renminbi-denominated fund, Huaxing Healthcare Capital sourced $230 million from co-investors for a succession deal in China’s orthopedics space
Australia IPOs: Window of opportunity
Australian public market investors are famously unforgiving of private equity when IPOs fail to perform. The markets are open for business again, but how long will the golden period last?
India's PhonePe spins out from Flipkart, raises $700m
PhonePe, the digital payments platform of Indian e-commerce marketplace Flipkart, has been spun out as a stand-alone entity and raised $700 million in funding at a post-money valuation of $5.5 billion.
Future Fund names new CIO, hires PE executive from Navis
Australia’s Future Fund has appointed Sue Brake as its new CIO and brought in Kelvin Mak, formerly of Navis Capital Partners, as a director in the private equity team.
Jerry Yang positive on prospects for Taiwan VC - AVCJ Forum
Yahoo co-founder Jerry Yang believes Taiwan “has all the raw materials” for a successful venture capital industry but warned that progress requires people and patience, the AVCJ Taiwan Forum heard.
Ex-Capital Dynamics executive gets Japan fund-of-funds mandate
Kazushige Kobayashi, formerly of Capital Dynamics, has won a fund-of-funds mandate from the Tokyo government to be managed by a dedicated team set up under Asian alternatives group MCP Asset Management.
KV Asia exits Malaysian grocery retailer to ICG
Southeast Asia-focused private equity firm KV Asia Capital has exited TF Value Mart (TFVM), a Malaysia-based grocery retailer in which it has held a controlling stake since 2016, to Intermediate Capital Group (ICG).
Asian fund-of-funds: Local linchpins
The Asian fund-of-funds community has shrunk considerably over the last 10 years as a result of M&A, withdrawals and repositioning. How do the survivors, from Axiom Asia and Asia Alternatives down, deliver value to LPs?
NZ Super, OTPP buy New Zealand pathology business
New Zealand Superannuation Fund (NZ Super) and Ontario Teachers’ Pension Plan (OTPP) have completed a NZ$550 million ($387 million) carve-out of Healthscope’s New Zealand pathology services business.
Asia buyout returns: Spoilt for choice?
Fund managers believe the ability to finance and refinance deals on attractive terms, as well as a wider array of paths to liquidity, will underpin performance in Asia
Axiom closes latest Asia fund-of-funds at $1.8b
Axiom Asia has closed its sixth pan-regional fund-of-funds at the hard cap of $1.8 billion, claiming that the economic fallout from COVID-19 has created more investment opportunities.
PE-owned Burger King India pursues $110m IPO
The Indian franchise of US fast food giant Burger King will launch its IPO this week seeking to raise up to INR8.1 billion ($109.5 million), facilitating a partial exit for majority shareholder Everstone Group.
Advent set for partial exit in Silk Laser's Australia IPO
Silk Laser Clinics, an Australia-based cosmetic treatments business, is looking to raise A$83.4 million ($61.5 million) through a domestic IPO, which will facilitate a partial exit for majority owner Advent Partners.
Faering backs India skincare start-up Pureplay
Faering Capital has led a INR1.1 billion ($14.9 million) Series B round for Pureplay Skin Sciences, an Indian direct-to-consumer beauty and hair care brand.
JD Health targets largest Chinese PE-backed IPO in two years
JD Health, a Chinese online-to-offline healthcare business that raised around $1.9 billion from private investors after it spun out from JD.com, is looking to raise HK$26.9 billion ($3.48 billion) in its Hong Kong IPO.
Profile: Aavishkaar's Vineet Rai
Vineet Rai’s career in impact investing started before the concept really existed. Spurred – but also slightly troubled – by mainstream awareness, he has big plans for India-based Aavishkaar Group
Tiger, Dragoneer back India's Unacademy at $2b valuation
Indian online education business Unacademy has received funding from Tiger Global Management and Dragoneer Investment Group at a valuation of $2 billion, up from $1.4 billion in its previous round just two months ago.
MDI, Finch launch $40m ASEAN fund
MDI Ventures, the corporate VC arm of state-controlled Telkom Indonesia, has teamed up with financial technology investor Finch Capital to form a $40 million fund targeting early-stage investments in Southeast Asia.
Hong Kong reaffirms carried interest pledge
Hong Kong Chief Executive Carrie Lam has reaffirmed the territory’s commitment to providing certainty on the tax treatment of carried interest as part of efforts to consolidate its position as a private equity hub.
Fund focus: Equis’ infrastructure overhaul
Swapping a traditional fund for a less familiar corporate vehicle represented a gamble for Equis, but the Asian infrastructure manager was confident its approach would make sense to a subset of investors
Anacacia backs Australia's Pump Haircare
Anacacia Capital has acquired a controlling stake in Pump Haircare, an Australian organic hair products brand that is looking to further expand its online distribution channels.
Warburg Pincus set for another partial exit from ESR
Warburg Pincus has agreed to make another partial exit from ESR, the pan-Asian logistics real estate platform it established in 2011 and took public last year, which will see its stake fall to 4.56%.