Articles by Alvina Yuen
Accel, Tiger-backed Freshdesk sets up $10m future fund
Indian technology product start-up Freshdesk, which is backed by international funds Tiger Global Management and Accel Partners, has announced phase one of its $10 million Freshdesk Future Fund, which will provide cloud-based support solutions to new...
LVMH to invest in Chinese wedding photo firm
L Capital, the private equity arm of French luxury goods conglomerate LVMH, is targeting a Chinese wedding photography company as its next investment to tap the emerging consumer market.
Kobre & Kim to advise Chinese financial firms from BVI office
Kobre & Kim, the conflict-free litigation boutique focusing solely on cross-border disputes, has announced the opening of an office in the British Virgin Islands.China is expected to be a key focus for the practice.
ICICI Venture in talks to buy Maja Health Care
ICICI Venture is in talks to pick up a stake in Maja Health Care, a division of Vi-John Group that manufactures shaving cream and other personal care products.
Longreach seeks to sell Taiwan bank stake for $1.2b
Japan-focused private equity firm Longreach Group is planning to sell its stake in Taiwanese lender EnTie Commercial Bank at TW$30 or more per share, which would value the deal at about $1.2 billion.
Armstrong launches SE Asia cleantech fund
Southeast Asia has abundant solar radiation, agricultural resources and biomass when compared to North Asian and European countries. However, the use of clean energy in the region is still somewhat limited. Singapore-based clean energy asset manager Armstrong...
Indian infrastructure funds face rocky road ahead
Private equity has been one of the engines for India’s infrastructure growth, but delays in project approvals, inexperienced GPs and the tough fundraising environment remain hurdles to overcome
Paul Wang joins Dechert as corporate partner in Beijing
International law firm Dechert has announced that Paul Weidong Wang has joined the firm’s corporate practice as a partner in Beijing.
Carlyle to raise $3.5b for fourth Asia buyout fund
Carlyle Group plans to raise $3.5 billion for its fourth buyout fund in Asia, which would be the private equity firm’s biggest targeting Asia. An initial close is expected to happen in the second half of the year.
Nomura plans Ashikaga IPO
Nomura is planning to sell shares of regional bank Ashikaga in an initial public offering (IPO) on the Tokyo Stock Exchange as early as December. The bank may trade at a market value of JPY200 billion ($2.5 billion) to JPY300 billion.
SAIF Partners to stay invested in Just Dial after listing
SAIF Partners will stay invested in Indian search engine Just Dial after its INR3.6 billion ($66 million) public issue, which is expected to hit the market this June.
SDCERA invests $75 million in TPG Asia VI - update
San Diego County Employees Retirement Association (SDCERA) has invested $75 million in TPG's sixth Asia-focused private equity fund.
3i gives up Indian quoted equity plan
3i has dropped the plan to raise a dedicated fund aimed at purchasing stakes in India-listed companies due to a lack of interest from investors.
Carlyle sees earnings drop in Q1
Carlyle’s earnings dropped 26% in the first quarter as the private equity firm reaped lower profits from its investments.
TPG, Carlyle sell Healthscope pathology assets for $100m
TPG Capital and the Carlyle Group have sold the New South Wales, Queensland and Western Australian pathology businesses of their portfolio company, Healthscope, for A$100 million ($100 million). The buyer was pathology and radiology group Sonic Healthcare....
KPS Capital Partners seeks portfolio growth overseas
KPS Capital Partners, a US-focused distressed and turnaround private equity investor, has been assisting its portfolio companies to expand overseas.
KKR ends takeover talks with Pacific Brands
Melbourne-based underwear manufacturer Pacific Brands said on Tuesday that a takeover from parties including KKR is unlikely in the near term.
3i to appoint Simon Borrows as new chief executive
3i is set to appoint Simon Borrows as its new chief executive this week, replacing Michael Queen, who announced his resignation in March after spending three years as head of the company.
Armstrong to launch a $150m clean energy fund in SE Asia
Armstrong Asset Management, a newly-established Singapore-based clean energy asset manager, is set to launch its maiden fund, which will focus on clean energy projects across Southeast Asia.
BASF Venture Capital invests $5m in Tsing Capital's clean energy fund
BASF Venture Capital, the corporate venture capital arm of global chemical company BASF, has invested $5 million in the China Environment Fund IV managed by Tsing Capital.
Moolchand raises $18.7m from Sequoia Capital
Sequoia Capital has invested INR1 billion ($18.7 million) into New Delhi-based Moolchand Healthcare, with an aim to fund the company’s further expansion and acquisitions of hospitals across India.
IndoUS Venture Partners backs New York-based digital magazine store
IndoUS Venture Partners has invested in New York-based digital magazine store Magzter in a Series A funding round. The investment is estimated at $3-5 million.
LIC holds a first close of real estate fund at $47m
LIC Housing Finance, the mortgage unit of India's biggest insurer, has reached a first close of its maiden real estate private equity fund at INR2.5 billion ($46.5 million).
CalPERS commits $500m to Blackstone, $100m to PAG
California Public Employees’ Retirement System (CalPERS), the biggest US public pension fund, is going to commit $500 million to a managed account overseen by Blackstone Group. Another $100 million will be distributed to Hong Kong-based PAG.