Articles by Alvina Yuen
Tencent backs Korean mobile messager Kakao
Tencent has teamed up Korean online games developer Wemade Entertainment to invest KRW92 billion ($80 million) in Kakoo Talk, a popular Korean mobile messaging application.
CVC plans $2b Formula One IPO in Singapore - report
CVC Capital Partners is heading towards a $2 billion initial public offering (IPO) for Formula One Group in Singapore. The private equity firm may sell a 20% stake in the motor racing series and complete the sale as early as June.
Pegasus Capital Advisors acquires Bangkok luxury resort
US-based private equity fund manager Pegasus Capital Advisors has agreed to buy the Bangkok-based luxury resort and spa business of Six Senses Resorts & Spas.
CBC leads Series C round for Chinese HR service provider
China Broadband Capital (CBC) has led a Series C funding round for CDP Group, a human capital management services provider in Greater China and Asia.
Navis proposes $88m buyout of Singapore-listed Adampak
Navis Capital Partners has completed a S$110.7 million ($87.9 million) buyout of Adampak, a Singapore-listed label company. The PE firm can take Adampark private once the offer is accepted by more than 90% of the company's shareholders.
Temasek, RRJ buy half of $1.3b Kunlun Energy offering
Temasek Holdings and RRJ Capital, the $2 billion private equity fund set up former Hopu Investment head Richard Ong, has purchased almost half of the shares in a $1.34 billion offering by Kunlun Energy.
Vision Knight's value-add proposition
Much is expected of China's online advertising industry. Worth RMB51 billion ($8.1 billion) in 2011, up 57% year-on-year, the market is tipped to top RMB187 billion by 2015. As former CEO of Alibaba.com, the country’s leading B2B marketing portal, David...
Business aviation: Come fly with PE
Foreign investors and private equity funds are keen to leverage the growing appetite for private aviation services in China, but the operational and regulatory hurdles remain
Shanghai to allow PE funds to raise RMB for overseas investment
Shanghai is planning to launch a pilot program that would allow both international and domestic private equity managers to raise renminbi from Chinese companies and individuals for outbound investments.
India PE fund invests in bookadda.com
T.V. Mohandas Pai, the former Infosys director, and his partner Ranjan Pai have invested in Indian online book retailer bookadda.com through their $100 million private equity fund.
Advent International to invest $105m CARE Hospitals
Advent International will invest $105 million in multi-specialty hospital chain CARE Hospitals, representing its third investment in India.
CIC's European PE chief quits - report
Collin Lau, the head of CIC’s European private equity operations, has resigned after just four months in the job. It follows other recent departures at senior management level in the sovereign wealth fund.
CVC supports MBO of Japanese staffing agency
CVC has backed a management buyout of the Japanese operations of Prompt Holdings, an employment agency formerly known as Advantage Resourcing, for an undisclosed sum. The buyout facilitates the exit of US private equity firm Cerberus Capital Management,...
Li Ka-Shing's Horizons Ventures backs Everything.me
Hong Kong billionaire Li Ka-Shing’s Horizons Ventures, which is known for investments in Facebook and Spotify, has led a $3.5 million funding round in Everything.me, a mobile search provider.
Recruiter Harvey Nash expands into Asia Pacific
Harvey Nash, a global recruitment consultancy and IT outsourcing service provider, has opened an office in Hong Kong as part of efforts to boost its presence in the Asia Pacific region.
NSSF: Still room to increase PE investments
China's National Council for Social Security Fund (NSSF) has the capacity to boost its commitments to private equity considerably, having put only 2.2% of its capital into the asset class, according to Wang Zhongmin, the fund's vice chairman.
Mitsui Global Investment backs Belgian pharma firm
Mitsui Global Investment, a subsidiary of Japan's Mitsui & Co, has participated in a Series B round worth EUR23.6 million ($31.4 million) for Belgian pharmaceutical company Promethera Biosciences.
Lazard-backed 2XU acquires Sports Multiplied
Australian technical sports apparel brand 2XU, which is backed by Lazard Private Equity, has acquired its US-based distributor Sports Multiplied, in a move to expand across the globe.
John Mack joins KKR's senior advisory team
John Mack, former chairman and chief executive officer of Morgan Stanley, has joined KKR as a senior adviser. Mack is known for his strong ties to China, having advised the likes of China Investment Corp. (CIC) and the Beijing and Shanghai governments....
China's corporates embrace VC
Once start-ups in their own right, China’s leading technology companies are emerging are key players in the corporate venture capital space. What does it mean for incumbent investors?
Buffett-backed NetJets forms China JV with local PE players
NetJets, a private aviation company owned by Warren Buffett’s Berkshire Hathaway, will form a China joint venture with local private equity players Hony Capital and Fung Investments. It is seen as a move to tap the growing demand for private jet management...
J.P. Morgan Asia CEO quits
Gaby Abdelnour, chief executive officer of J.P. Morgan Asia-Pacific, is leaving the company after six years spent heading up the regional division.
Saratoga to sell part of Tower Bersama stake - report
Indonesia-focused Saratoga Capital has started the sale process for part of its stake in telecom tower business PT Tower Bersama Infrastructure, alongside two other investors.
Vision Knight Capital invests in Silver Lake-backed Allyes
Allyes Group, a Chinese online media service provider, has received a strategic investment from Vision Knight Capital, the private equity firm set up by former Alibaba CEO David Wei. It is the largest single investment by Vision Knight since its inception...