Articles by Alvina Yuen
Primus president resigns from New China Life Insurance
New China Life Insurance’s non-executive director Guocang Huan, who is also the president of Asian PE house Primus Pacific Partners, left the company on Monday.
GIC commits $100m to Vasan Healthcare
Government of Singapore Investment Corp. (GIC) has invested $100 million for a minority stake in Vasan Healthcare, which runs eye care hospitals across India. The transaction is the largest PE deal in the country's healthcare industry since Olympus Capital’s...
Advantage Partners may extend investment deadline
Advantage Partners may extend the June deadline for investment from its $2.6 billion buyout fund due to limited dealflow. The buyout firm will make a decision by the end of April.
Macro: Indonesia's growth story
Expanding by more than 6% per year, the Indonesian economy is already one of the best performers in Asia. But analysts say it has the capacity to match growth rates in China and India, reforms permitting
VC-backed video sites Youku, Tudou announce merger
Youku and Tudou, China’s leading online video companies - both of which are US-listed - will merge in a 100% stock-to-stock to transaction worth over $1 billion. The combined entity will be the country's biggest video platform with a more than 35% market...
Haitong to revive Hong Kong IPO in April
Haitong Securities, China’s second largest brokerage by assets, will once again seek to list on the Hong Kong Stock Exchange, with a fundraising target of $1.5 billion.
BlackRock announces head of alternative investments
BlackRock has hired Joseph Pacini from J.P. Morgan Private Bank to be the head of BlackRock Alternative Investors Strategy Group, Asia Pacific ex-Japan.
Fosun plans new fund to finance overseas investments
Fosun International, China's largest privately-owned investment conglomerate, is going to raise another dollar-denominated private equity fund this year to finance new acquisitions. The company will seek investment opportunities in Europe and Japan.
TCT gets Chinese equity investment management license
Singapore-based Treasury China Trust (TCT), run by Treasury Holdings Group, Ireland’s largest property group, has received approval from the Chinese regulator to establish an equity investment management business in Shanghai.
Craftsman Automation seeks $20m from PE investors
Coimbatore-based auto component manufacturer Craftsman Automation is in talks with private equity investors to raise a corpus worth between INR850 million and INRI billion.
Taiwan eases VC investment rules for brokerages
Taiwan’s Financial Supervisory Commission (FSC) is going to relax restrictions governing investments by securities houses in venture capital firms, as part of its efforts to broaden their sources of earnings.
Morgan Stanley invests $90m in Mumbai project
Morgan Stanley Real Estate Investment (MSREI), the real estate fund of global investment bank Morgan Stanley, has invested in a $90 million Indian realty project owned by Sheth Developers.
IFC to roll out $100m microfinance debt fund
International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, will set up a $100 million debt fund to meet the funding needs of microfinance institutions in emerging economies.
CITIC Capital in $1.6bn Cinda deal
CITIC Capital, alongside Standard Chartered and UBS, has reportedly been approved to be a strategic investor in China Cinda Asset Management Co., which will also receive a capital injection from China’s national pension fund. The total investment will...
Mekong Capital to launch $150m fund
Private equity firm Mekong Capital plans to launch a new fund with a target of $150 million to tap opportunities in Vietnam’s fast-growing consumer sector.
India Venture Advisors backs drugs manufacturer
India Venture Advisors, the healthcare and life sciences-focused private equity fund founded by Ajay Piramal and former State Bank of India (SBI) chairman A K Purwar, has invested INR700 million ($13.8 million) in drug manufacturer Vardhman Chemtech....
Catalyst exits Aperio for $251 million
Catalyst Investment Managers has reached an agreement with Amcor to sell its stake in Aperio Group, Amcor’s largest rival in the Australian flexible packaging market, in a transaction worth A$238 million ($251 million).
PAG Asia bets $250m on Chinese pharmco
China is entering a new era, with its new model for growth powered by technology and innovation rather than a focus on cheap manufacturing. Biotechnology, as one of the seven “strategic emerging industries” in the 12th Five-Year plan, is experiencing...
Chinese PE players eye overseas deals
Demand for outbound investments is growing , but there are still hurdles that must be overcome.
Ascent invests $10m in Indian online grocery store
Ascent capital has committed $10 million to a series A funding round for Bigbasket.com, an Indian online grocery store. The transaction is said to be the largest ever Series A round for an e-commerce company as well as the first institutional investment...
CVC plans to sell Nine ticketing arm
CVC Asia Pacific is seeking buyers for Nine Entertainment's ticketing arm in order to generate funds that will be used to restructure the media group’s A$2.7 billion ($2.9 billion) in senior debt, which is due for repayment next February.
EQT Partners invests in China Healthcare
EQT Partners has teamed up with the founder of China Healthcare and put in a cash offer to take the Singapore-listed company private. The deal values China Healthcare at S$80.4 million ($64 million).
IREIFS Partners re-opens Bangkok office
Paris-based IREIFS Partners Private Equity is reopening its offices in Bangkok to tap opportunities in Thailand’s tourism industry, six years after withdrawing from the market.
CIC gets $30b government injection
China Investment Corp. (CIC) has received an additional injection of $30 billion from the Chinese government. The new capital will give the sovereign fund the firepower to invest overseas, particularly in Europe.