Articles by Tim Burroughs
Warburg Pincus, General Atlantic back privatization of China's 58.com
Warburg Pincus and General Atlantic have thrown their support behind Ocean Link’s proposed $7 billion privatization of 58.com, China’s leading online classifieds marketplace.
Coronavirus thwarts PE partial exit from Indonesia's BFI Finance
Italian lender Compass Banca has abandoned its purchase of a 19.9% stake in Indonesia’s BFI Finance from TPG Capital and Northstar Group, citing economic disruption created by the coronavirus outbreak.
Australia's mid-market: The middlemen
Pure proprietary deals are a rarity in Australia’s mid-market. Most opportunities pass through a fragmented network of advisors, which means private equity firms must get noticed to stay relevant
Australia superfund withdrawals: Double trouble
Allowing cash-strapped superannuation members early access to their pension savings is seen as an essential COVID-19 relief measure. But it may not be conducive to a long-term investment mindset
ADM raises $630m for Asia credit fund
Hong Kong-based special situations investor ADM Capital has raised $630 million for a credit fund that will target mid-sized companies in Asia.
AVCJ daily bulletin returns May 4
AVCJ's daily bulletin will not be published on April 30-May 1 due to consecutive public holidays in Hong Kong.
Hamilton Lane backs Polaris-led privatization of Japan's Sogo Medical
Hamilton Lane has participated as a co-investor in a Japanese take-private for the first time, supporting a Polaris Capital Group-led tender offer for Sogo Medical Holdings, a Japanese pharmacy chain operator and B2B healthcare management platform.
Q&A: Zenysis Technologies' Jonathan Stambolis
Zenysis Technologies develops artificial intelligence-enabled systems that help governments improve healthcare management. CEO Jonathan Stambolis explains how demand has increased in response to COVID-19
Korea's IMM invests $40m in Chinese water business
IMM Investment, a Korea-based GP that focuses on venture capital, mezzanine and infrastructure deals, has committed $40 million to United Water Corporation, a Chinese water and wastewater treatment provider.
Deal focus: Kargo serves Indonesia’s logistics needs
Kargo Technologies, Indonesia's only pure online marketplace for the trucking industry, has responded to the coronavirus outbreak by focusing on the transportation of consumer staples
After COVID-19: Retail revolution?
Attempts to map out post-coronavirus outbreak developments in retail are complicated by uncertainty over the timing of the rebound and the extent of the role played by technology
Fund focus: Qiming’s triumph of quick thinking
Having overcome coronavirus disruption to close its seventh fund at $1.1 billion, Qiming Venture Partners is ready to go bigger on China healthcare
Baring Asia restructures retailer Cath Kidston
Baring Private Equity Asia has agreed a restructuring of Cath Kidston, a UK lifestyle retailer it has backed since 2014, under which the company has entered administration and will reemerge as a smaller business.
Coronavirus & Australia VC: In SaaS we trust
Enterprise services start-ups with recurring revenue are well positioned, but mid-cap players could become vulnerable
Advantage raises $790m for sixth Japan buyout fund
The middle-market private equity firm expects COVID-19 to generate more deal flow as founder-owners and corporates come under stress
Akeso Biopharma trades up after $333m Hong Kong IPO
Akeso Biopharma, a private equity-backed Chinese drug developer specializing in treatments that use the immune system to fight cancer, saw its stock jump 50% in early trading on the Hong Kong Stock Exchange following a HK$2.58 billion ($333 million) IPO.
Deal focus: Korean GPs seal semiconductor carve-out
Alchemist Capital Partners and Credian Partners' acquisition of MagnaChip Semiconductor’s foundry services group was the largest PE buyout in Korea during the first quarter. AVCJ and Mergermarket offer some insights
Coronavirus & China VC: Bifurcation point
China might be emerging from the grip of COVID-19, but many start-ups face a long battle. This is when VCs find out who the winners are
Northstar hits first close on fifth Southeast Asia fund
Northstar Group has reached a first close of approximately $260 million on its fifth Southeast Asia fund, which has an overall target of $800 million.
ADV hires ex-KKR executive to head up Southeast Asia
ADV Partners, a mid-market pan-Asian private equity firm, has recruited Rahul Bhargava as a managing director to lead coverage of Southeast Asia.
Risa targets $139m for Japan corporate solutions fund
Risa Partners, a Japanese mid-size investment bank controlled by a subsidiary of NEC Corporation, has launched its fifth corporate solutions fund with a target of JPY15 billion ($139.5 million).
Renuka Ramnath becomes first female chair of IVCA
Renuka Ramnath, the founder and CEO of Multiples Alternative Asset Management, has been appointed chairperson of the Indian Private Equity & Venture Capital Association (IVCA).
Warburg Pincus buys 17% stake in China Auto Rental
Warburg Pincus has agreed to acquire a 17.11% stake in Chinese car rental business China Auto Rental (CAR) from Ucar, a chauffeured car service provider. It follows a sharp drop in CAR’s share price following a scandal at Luckin Coffee, which is backed...
AVCJ Awards 2019: AVCJ Special Achievement: Renuka Ramnath
Renuka Ramnath has played a significant role in the development of private equity in India, initially with ICICI Venture and now with Multiples Alternative Asset Management