Articles by Maya Ando
Kleiner, Sequoia, Walden-backed Auto Navi goes to NASDAQ
Sequoia Capital, Kleiner Perkins and Walden International investee AutoNavi Holdings Ltd., a provider of digital map content and navigation services in China, filed with US regulators on Wednesday to raise up to $100 million in an initial public offering...
BMB Group acquires Contrarian for real estate
Asian investment and advisory firm the BMB Group,has acquired Paris-based Contrarian Capital Partners SA and its advisory subsidiary, Beacon Hospitality Partners S.A.R.L in Luxembourg, both of them specializing in real estate advisory services for Middle...
Tough year for CIC in 2010
China Investment Corp. has publicly said that it sustained 10% mark-to-market losses in May because of the declines in the US and European markets this year, adding that it sees the rest of the year as very challenging.
AIF cancels Oriental University City investment
AIF Capital Management Asia, the Hong Kong-based private equity firm, said that it will scrap a plan to buy a 10% stake valued at RMB350 million ($51 million) in China-based Oriental University City (OUC), owned by Singapore-listed Raffles Education....
Ripplewood MDs form new buyout firm in NY
MDs Tony Lee and Scott Spielvogel have left Ripplewood Holdings, the New York-headquartered buyout firm noted for its pioneering Asian investments, to start a New York fund management business called One Rock.
Riverside finds ideal Japan succession play in electronics
Leading SME-focused private equity firm The Riverside Company has acquired 100% of Naka & Co., Ltd., a Japanese manufacturer and distributor of crystal oscillators, a component of almost all electronic equipment.
SBI plans to raise $533 million for VC funds
SBI Holdings, the Japanese financial services firm, plans to raise some JPY49 billion ($533 million) by issuing new shares to finance expansion of the venture capital business it has formed in partnership with regional players in China and other emerging...
CLSA RMB fund JV aims to start investing 3Q10
Hong Kong-headquartered brokerage firm CLSA's China asset management joint venture aims to close on RMB10 billion ($1.5 billion) for its new energy and new materials-focused fund, according to Shi Derong, chairman of state-owned Shanghai Guosheng Group...
Morgan Stanley's Roach returns to New York
After three years as Hong Kong-based Asia Chairman of US investment bank Morgan Stanley, Stephen Roach, 64, the highly influential economist, will leave Asia, returning to the US to take a teaching role at the School of Management of Yale University with...
Nokia, BlueRun jointly invest $20 million in Ganji.com
PRC classified information website Ganji.com has secured $20 million joint investment from Nokia Growth Partners and BlueRun Ventures, to support its plans for the mobile sector.
Lee leaves DLA Piper for Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft LLP, an international law firm, has appointed Rocky Lee, a lawyer with special strengths in Asian private equity and venture capital, as Asia Managing Partner and Head of its Greater China Corporate Practice in the Corporate...
JAFCO Asia plans fifth tech-focused fund
JAFCO Asia is targeting early 2011 to begin fundraising for its fifth fund totaling $150 million, according to reports.
GIC emerges as final bidder for Grosvenor luxury hotel
Government of Singapore Investment Corp. (GIC) has emerged as one of the final contenders vying to acquire the Grosvenor House Hotel, owned by the Royal Bank of Scotland Group PLC.
Dupont leaves Coller
Daniel Dupont, Partner at global secondaries investor Coller Capital, has resigned his post after more than a decade with the company.
CPPIB to boost exposure in Asia in 2010
North American LP the $120.8 billion Canada Pension Plan Investment Board (CPPIB) aims to boost its exposure in emerging markets this year, particularly in Asia, Mark Wiseman, CPPIB's EVP for investments has said publicly.
Riverside makes second Japan investment in Naka & Co.
Leading SME-focused private equity firm The Riverside Company has made its fourth investment, and second Japan investment, from its Riverside Asia Fund into Naka & Co., Ltd., a manufacturer and distributor of crystal oscillators.
Advantage moves into China with Qin Jia Yuan media deal
Tokyo-headquartered private equity firm Advantage Partners has made its first Chinese investment, committing HK$170 million ($21.8 million) to Qin Jia Yuan Media Services Co. Ltd. (QJY), an HKSE-listed media group.
China CID's third fund oversubscribed at $400m
Chinese venture capital and private equity firm CID Group Ltd. announced the closing of its third venture capital fund, CID Greater China Venture Capital Fund III, LP, at $400 million, surpassing the company's target.
TSMC invests Walden fund
Taiwan Semiconductor Manufacturing Co (TSMC), one of Taiwan's largest listed chipmakers, has invested $5 million in a new Shanghai Walden Semiconductor Venture Capital Investment Enterprise fund, which targets chip design start-ups in the PRC semiconductor...
China Everbright sells Everbright ALAM stake to Ashmore
China Everbright Ltd. has sold up to a 39% stake in Everbright ALAM, its investment manager specializing in China real estate currently co-owned with RQSI Ltd., to Ashmore Investment Management, a specialist emerging markets asset manager.
SIG China investing China Ticket Service
SIG China, a Shanghai-based private equity and VC firm, has invested around RMB100 million ($14.7 million) in a Series B financing round for China Ticket Service Net.
Longreach bids for Sanyo Electric Logistics
The Longreach Group will launch a tender offer for Sanyo Electric Logistics, a provider of logistic solutions which currently sits under parent company Sanyo Electrics, itself 50.27% controlled by larger industry peer Panasonic Corp since December 2009...
MENA SWFs eyes Agricultural Bank of China IPO
The Kuwait Investment Authority has emerged as one of the SWFs interested to invest in the IPO of the Agricultural Bank of China (ABC) in Shanghai and Hong Kong this year, with plans to invest some $1 billion in what would be the year's largest listing,...
CICC targets $300m fundraising
China International Capital Corp. (CICC), the country’s biggest investment bank, targets to raise a $300 million private equity fund this September, seeking to achieve an annual IRR of 25% from domestic private equity opportunities.