Articles by Christina Kautzky
Value add
The fundamentals behind the private equity model imply that, by injecting capital in a company in return for an equity stake, the firm is able to change, alter, tinker and build a stronger, more profitable company.
Tech savvy
At the Intel Capital CEO Summit 2010 held last week in Huntington Beach, AVCJ sat down with the corporate VC’s senior executives - Arvind Sodhani, Keith Larson and Richard Hsu - to talk technology investing, emerging markets and what makes an investment-worthy...
Intel Capital announces 18 new investments, 4 in Asia
At its Intel Capital CEO Summit in Huntington Beach, the venture capital arm of Intel announced 18 new investments in technology-related companies based around the world, with 4 of the new portfolio companies headquartered in Asia, for a total funding...
Picking the winners
“Active management works,” was the resounding message of the keynote address given by Steven Barnes, MD of Bain Capital at the AVCJ Forum.
KKR and Korea's NPS team up for Colonial US pipeline investment
Kohlberg Kravis Roberts & Co. (KKR) has joined forces with Korea’s National Pension Service (NPS) to take a 23.44% stake in Alpharetta, GA-headquartered Colonial Pipeline Company, in a deal said to be worth about KRW1 trillion ($895 million).
Partners Group loses Cai as head of China
Fund of funds Partners Group has confirmed that Linda Cai has left her position as Head of China, and that she will be replaced by Zhao Peng, with other reports indicating that Cai resigned up to three months ago, with her next move still unknown.
WI Harper bolsters advisory board with Investcorp's Tung
The founding partner and Chairman of the Technology Investment Committee of Investcorp, Savio Tung, has joined the advisory board of Chinese expansion and early growth stage private equity firm, WI Harper, the firm announced.
India's Tech Mahindra sees Providence, Apax private equity interest in BT stake
Leading private equity firms seem to be lining up for one of India’s larger assets, telecoms and IT outsourcing and services provider Tech Mahindra, in a deal that could be worth up to INR37 billion ($830 million).
Goldman Sachs sells down ICBC stake
Goldman Sachs, which originally purchased a 4.9% stake in Industrial and Commercial Bank of China, came back in the market after almost a year and a half to sell down a further 0.9% of its holding, raising an estimated $2.25 billion in the process.
Gulf hospitality still lures private equity as Colony eyes MENA
Colony Capital chairman and chief executive Thomas J Barrack has said that his firm will look for investments in the hospitality and consumer sectors throughout the Gulf over the next five years.
Taiwan Vice Premier Chen says private equity firms are welcome
Taiwanese Vice Premier Sean Chen has publicly stated that the government welcomes the participation of private equity funds that act as strategic investors to bring improvements in production and management expertise to Taiwanese companies.
NPS to invest in US real estate
South Korea’s National Pension Service has announced plans to allocate $300 million to investments in US property, with a focus on secondary buyouts of stakes in stressed private equity real estate funds.
3G Capital gets Burger King
A US private equity firm, 3G Capital Management, has agreed to a $3.3 billion buyout of Burger King, with a $4 billion price tag including assumption of debt that will make it the largest LBO of a fast food chain in the world, with the buyer's big plans...
Howard Morgan of Castle Harlan
Senior Managing Director at buyout firm Castle Harlan, Howard Morgan, talks about Australia’s rebound from the GFC and how the market, as resilient as it is, would struggle if another crisis were to hit.
Reliance picks up TV stake
Reliance Capital (RCap) has paid an undisclosed sum for an 18% interest in Bloomberg UTV, a business media network in India, diluting the promoters’ stake to 67%.
ICICI Venture hires for infra fund
ICICI Venture, the private equity arm of ICICI Bank, has hired Manikkan Sangameswaran, former chief of Babcock & Brown Infrastructure’s BBI.AX India unit, to head up its new infrastructure business.
Mekong invests in Vietnam real estate
Mekong Capital, through its Vietnam Azalea Fund, has invested $9.1 million for a minority stake in Nam Long Investment Corporation, a leading privately-owned real estate developer in Vietnam.
Oz healthcare play, by who?
Australian private hospital and pathology operator Healthscope acknowledged receipt of an A$1.74 billion ($1.55 billion) takeover offer from an unnamed private equity consortium.
Korean regulator says no bias against foreigners
With a $3.7 billion stake in Korea Exchange Bank (KEB) up for sale, a commissioner with Korea’s Financial Services Commission, Choi Kyu Yun, said in an interview that “the market has misunderstood our position,” and that foreign bidders would be welcome...
TPG sells Ping An H-shares
On the back of last week’s report that TPG Capital's legacy fund Newbridge Asia sold out its 16.76% stake in Shenzhen Development Bank to Ping An Insurance, the group has sold over half of the H-shares it received as payment into the market for a total...
SWFs meet in Oz
Earlier this month, 22 of the world’s sovereign wealth funds met in Sydney to discuss issues they all face with investment.
HarbourVest buys up Saudi stake in funds
According to reports, HarbourVest Partners has purchased Saudi conglomerate Saad Group’s stake in up to 30 private equity funds.
Kathy Xu of Capital Today
Kathy Xu, Founder and Managing Partner of Capital Today, talks to AVCJ about her firm’s research into Chinese consumers and foreign investors’ comfort level with the evolving private equity market in China.
Chinese heparin maker in historic IPO for Goldman
Shenzhen Hepalink Pharmaceutical Co, Ltd, is debuting on the Shenzhen Stock Exchange, selling up to 40.1 million shares at RMB148 ($21.68) each, the most expensive IPO price for a Chinese stock to date.