Articles by Alvina Yuen
Bravia Capital in talks with SpiceJet
Hong Kong-based Bravia Capital, which focuses on investment in the transportation and logistics sector, is in talks to invest in Indian budget airline SpiceJet.
Quay Partners appoints Australia investment manager
John Zaknic has joined Quay Partners as an investment manager in Sydney. The appointment is one of a series of senior hires as the Australian fund-of-funds and advisory firm builds its newly established infrastructure team.
CIRC implements new rule on foreign PE investments
The China Insurance Regulatory Commission (CIRC) has issued the long-awaited regulation on overseas investments made by domestic insurers, including commitments to private equity funds. Qualified insurance companies are now permitted to invest in 25 developed...
China Everbright-Macquarie infra fund makes first investments
The Greater China Infrastructure Fund, a $1.5 billion vehicle jointly launched by Macquarie Group and China Everbright, has made its first investments in two Chinese companies.
CHAMP PE completes lighting take-private
Take-private deals are a challenge in Australia. Conflict creates headlines, but the country appears to see its fair share of majority shareholders falling out with prospective private equity investors despite the fact that share prices have turned against...
Axis CEO Arun Korati to join IL&FS – report
Arun Korati, managing director and CEO of Axis Private Equity, is reportedly stepping down to join IL&FS Investment Managers (IIML), the private equity arm of Infrastructure Leasing & Financial Services (IL&FS).
KPMG opens Myanmar office
KPMG is opening an office in Myanmar, becoming the first of the Big Four accounting firms to establish a presence in the frontier market.
LPs chose direct route into Indian property
APG Asset Management, the group responsible for one-third of all collective pension schemes in the Netherlands, plans to make direct investments into Indian real estate rather than make commitments to private equity funds.
Dhingana raises $7m in Series B funding from VC players
Lightspeed Venture Partners has led a $7 million Series B funding round for Dhingana, a Indian social music streaming site. Existing investors Inventus Capital Partners and Helion Venture Partners also participated.
Shanghai VC firm launches JV with MicuRx Pharma
Shanghai Zhangjiang Biomedical Industry Venture Capital has formed a joint venture with MicuRx Pharma, a Sino-US bio-pharmaceutical company, to support the development and commercialization of antibiotic MRX-I for the Chinese market.
Guanxi secures Series A funding from SingTel Innov8
SingTel Innov8, the corporate venture capital arm of SingTel Group, has led a Series A round of funding in Guanxi, a mobile social network services (SNS) spin-off from Chinese mobile search and marketer mInfo.
CHAMP PE completes Gerard Lighting take-private
CHAMP Private Equity has completed the A$186 million ($192 million) buyout of Australian light fittings distributor Gerard Lighting Group. The company will de-list from the Australian Stock Exchange at the close of today’s trading, just over two years...
Shanghai allows offshore RMB to participate in private equity
Shanghai has reportedly given a green light for foreign players to invest in unlisted Chinese companies using renminbi capital raised offshore. The Renminbi Qualified Foreign Limited Partner (RQFLP) initiative is part of China’s efforts to promote the...
Asia's untapped VC market
Southeast Asia has potential as a venture capital market, but fragmentation and the absence of large, self-sustaining entrepreneur communities are obstacles to growth
TPG-backed Li Ning loses CFO
Yik-Kay Chong, executive director and CFO of TPG Capital-backed Li Ning, is leaving the company, effective November 1. The news follows the departure of CEO Zhang Zhiyong who spent more than two decades with the Chinese sportswear retailer.
Azure Capital launches $94m property fund
India's Azure Capital is raising an INR5 billion ($94.10 million) real estate private equity fund that will target commercial properties across the top seven cities in the country. The new vehicle - India Realty Fund II (IRF2) – will be raised completely...
Kaizen invests $4m in India's Ace Creative Learning
Kaizen Private Equity, an Indian private equity firm that focuses on the education sector, has led a $4.6 million round in Bangalore-based Ace Creative Learning.
Hong Kong PE firm backs heart failure treatment
Hong Kong-based Themes Investment Partners has led a $20 million equity financing round in LoneStar Heart, a California-based biomedical company developing new therapies for patients with heart failure.
Cambridge Associates opens fourth Asia-Pacific office
Cambridge Associates has opened a second office in Singapore. It will support the firm's existing consulting and investment practices in Beijing, Singapore and Sydney, as well as five locations in the US and UK.
New Silk Route adds senior operating advisor
New Silk Route has hired William I. Campbell as senior operating advisor to assist in identifying global investment opportunities. The news comes amidst reports that the private equity firm has also recruited Rajeev Gupta, former head of The Carlyle Group's...
Carlyle in second-largest India exit of the year
The Carlyle Group's $830 million exit from Indian mortgage lender Housing Development Finance Corp. (HDFC) represents the private equity firm’s largest divestment in Asia this year. It is also a welcome boost for investors keen to see India address its...
Blackstone pays $100m for minority stake in International Tractors
The Blackstone Group has committed $100 million for a 12.5% stake in India's International Tractors (ITL). The capital will be used to expand production and pursue overseas acquisitions.
Info Edge acquires Accel-backed Toostep Consultancy
Accel Partners India has exited its stake in Toostep Consultancy after the networking and recruitment company was acquired by Info Edge, India’s leading online classified advertising player. Toostep staff will be integrated into the Info Edge team.
Nalanda Capital makes more than 2x return on Shree Cement
Singapore-based private equity firm Nalanda Capital has sold a 1.61% stake in north India’s largest cement producer Shree Cement for INR2.13 billion ($40.9 million) through a bulk deal on Bombay Stock Exchange. The partial exit generated a money multiple...