Articles by Maya Ando
Stephenson Harwood appoints Michael Guilday in greater China
Stephenson Harwood, a UK-headquartered international law firm, has appointed Michael Guilday, a foreign legal consultant (England and Wales) to its China team to strengthen its investment funds practice in Hong Kong and the Greater China region.
Japan's DRC Capital nealy closed its third fund
Tokyo-based DRC Capital, a private equity firm focused on turnaround investment opportunities in Japan, has nearly closed its third fund at $150 million, according to local media reports.
Unitas picks up 3i portfolio company, Hyva
Hong-Kong headquartered Unitas Capital has led a consortium in the purchase of leading Netherlands-based hydraulic solutions provider to the commercial vehicle sector, Hyva Investments BV (Hyva), for EUR 525 million ($696 million). 3i purchased the group...
Shenzhen's Citic Security boosts capital allocation in PE
Citic Securities Co., China's largest brokerage by assets, is set to invest RMB755 million ($114 million) into Citic Private Equity Funds Management Co., the investment arm of CITIC Securities, and RMB200 million ($30 million) into Citics Futures Co.,...
Morgan Stanley set to wind down its South Korean realty unit
Morgan Stanley is to close the doors of its South Korean real estate unit by the end of this year in an effort to bolster its focus on other Asian markets.
PE picks up strategic stakes in CICC
Kohlberg Kravis Roberts, TPG Capital, the Government of Singapore Investment Corporation and Great Eastern Life Assurance will together take a 34.3% stake in China International Capital Corporation (CICC), purchased from US investment bank Morgan Stanley,...
Phoenix Capital sells Japan's juice maker to iSigma via TOB
Private equity shareholders of Gold-Pak. a Nagano-based beverage manufacturer, have approved a takeover bid by iSigma, a midsize-focused buyout firm wholly owned by Marubeni Corp.
SCPE boosts stake in Korea's Dasan to 15.69%
Standard Chartered Private Equity has increased its stake in Dasan Networks, a South Korean telecom network equipment company, by 2.1%, boosting its total stake in the company to 15.69%.
Actis exits 63% stake in India's Paras for 10x return
Actis, the London-headquartered emerging markets investment firm, will sell its 63% stake in Paras Pharmaceuticals Limited to Benckiser Group, a UK-based company selling household, health and personal care products.
Headland Capital makes $8.8 million investment in Indian telecom infrastructure provider
HHeadland Capital Partners Limited (Headland), formerly known as HSBC Private Equity (Asia) Limited, has invested Rs. 400 million ($8.86 million) in the second round of financing conducted by Microqual Techno Ltd., one of the leading Indian telecom infrastructure...
PE majors gear up for Seijo Ishii bid
Seijo Ishii Ltd, the Japanese upmarket superstore chain operator indirectly owned by Advantage Partners, has been approached by a host of private equity funds and investors including Bain Capital and CVC Capital Partners, as well as financial/ leasing...
Steel Partner further reduces stake in Sapporo to 7.8%
Steel Partners Japan Strategic Fund, the Japanese investment arm of New York-based Steel Partners, has decreased its stake in Tokyo-based brewer Sapporo Holdings from 13.14% to 7.88%, though it remains the largest shareholder of the company.
Morgan Stanley exits its entire stake in CICC with government approval
The China Securities Regulatory Commission (CSRC) has finally approved Kohlberg Kravis Roberts, TPG Capital, the Government of Singapore Investment Corporation and Great Eastern Life Assurance’s purchase of Morgan Stanley’s 34.3% stake in Mainland investment...
Infinity Group leads $14.3 million investment in Chinese heat-exchange firm
Tel Aviv-headquartered Infinity Group has led a $14.3 million investment into China’s THT Heat Transfer Technology, Inc. The RMB fund pioneer and cross-border specialist will invest $9 million with the remaining capital to be provided by MC Capital, Zhejiang...
Blackstone may partner with Chinese food group to bid for GNC
US private equity giant Blackstone Group has emerged as the potential joint bidder for GNC Holdings Inc., a US nutritional products retailer, alongside Bright Food Group Co., the Shanghai-based food and dairy company in a deal estimated at $2.5-3 billion,...
Woori Financial sale may see delay
The sale of Korean state-owned financial major Woori Finance Holdings may be delayed because the government has not yet sent out firm details on the sales process and timing, according to reports.
Chinese e-commerce giant Dangdang raises $272 million after IPO price hike
PRC e-commerce giant Dangdang Inc., after marking up its IPO price as high as $16 from a previous $11-$13, has raised $272 million by selling 17 million American Depositary Shares on the NYSE.
Temasek seeks to invest $110 million in Huaneng Group Corp.'s renewable-energy unit
Singapore SWF Temasek Holdings will buy a combined $110 million worth of shares in the initial public offering of China Huaneng Group Corp.’s renewable-energy unit, according to reports.
Blue Point-backed Haya seeks IPO
Haya, China’s largest retail space solutions business, backed by Blue Point Capital Partners, is considering an IPO in China, according to reports.
MBK finds Japanese diamond in the rough
MBK Partners, the Tokyo- and Seoul-based private equity firm, will launch an MBO to acquire 100% of all share capital in Invoice Inc., a publicly listed service provider of consolidating billings, both firms said in an announcement.
Goodbaby, great exit
Hong Kong-based private equity firm PAG has seen a strong result from the IPO late last month of its portfolio company Goodbaby, the largest retailer and distributor of children’s products in China.
MBK Partners seeks to buy out Tokyo-based Invoice for $211.3 million
Invoice Inc., a listed Japanese service provider of consolidating billings, has announced that it will accept a tender buyout offer from pan-regional private equity firm MBK Partners.
EQT China fund takes 30% of aluminium die casting manufacturer
EQT Greater China II, operated by European private equity firm EQT Greater China, has acquired a 30% stake in Modern Metal & Precision Holdings Ltd., a leading aluminum die casting manufacturer in China, for an undisclosed amount through a new share issue,...
Lashou completes second financing from VC firms
Lashou.com, a Chinese website selling discount items for group purchase, has raised $50 million in second-round funding from investors including US venture firms Tenaya Venture, Norwest Venture Partners, China’s GSR Ventures and Rebate Network, a US venture...