Articles by Maya Ando
ADB plans cleantech fund
The Asian Development Bank reportedly plans to raise at least $100 million in a private equity fund for investing in developers of advanced clean energy technologies in Asia Pacific.
Japan regional fund aids fishing industry
Challenge Kyushu SMEs Ganbare Fund, a JPY1 billion ($11 million) regional fund operated by Dogan Investments Inc., a Kyushu-based investment boutique, has made two investments in marine food and products companies in the southerly region, Japan's third...
Carlyle's Willcom files for Japan's Chapter 11
US buyout firm Carlyle Group's Japanese portfolio asset Willcom Inc., the PHS (personal handyphone system) service provider, filed for bankruptcy protection with the Tokyo District Court on February 8th, over debts of JPY173 billion ($1.9 billion) up...
Morgan Stanley may hand over ANA hotels
Morgan Stanley may have to give up its $2.4 billion portfolio asset of Japan's ANA Hotel chain to creditors, if as expected, the firm fails to repay debts due in April this year.
ARC, Dalian launch maiden RMB fund
Dalian, a major city in northwestern China, will establish its first joint private equity fund with ARC China, a wholly-owned foreign enterprise focusing on investing in China's domestic consumption-oriented companies.
Unison Capital strengthens internal controls
Unison Capital, the Tokyo-based buyout firm, has implemented new measures including a ban on Japanese equities trading, while it reviews information security policies to tighten its internal control systems, after a former partner, Kenichi Kiso, was confirmed...
SBI Holdings takes majority stake in Searchina
SBI Holdings Inc, the Japanese financial group involved in private equity and VC investment, has acquired a 75.7% stake in Searchina Co. Ltd., a Tokyo-based provider of Chinese financial markets-related information services, for an undisclosed sum.
SBI plans second cleantech fund
Japanese financial services group SBI Holdings plans to raise ¥30 billion ($332 million) for a second venture fund with a special focus on Asia’s clean technology sector, forecasting an expected IRR of 25-30%.
CITIC Capital Partners closes ahead on $925 million
CITIC Capital Partners, the private equity arm of China’s CITIC Capital Holdings Ltd., has had a final close on its second buyout fund at $925 million, exceeding its original target of $750 million.
Jordan's IMM IPO shrinks as HKSE market wanes
International Mining Machinery (IMM), a Chinese mining equipment producer jointly formed by New York-headquartered private equity firm The Jordan Company, and Beijing based co-investors Emory Williams and John Lee, has set its Hong Kong IPO at 520 million...
Taiwan National Development Fund seeks private funds for chips
The National Development Fund in Taiwan has reportedly decided not to invest in PC chip company Taiwan Innovation Memory Co. (TIMC), but will instead invite funding from the private sector, according to Economics Minister Shih Yen-Shiang.
Thai Government Pension Fund will boost PE, realty
Thailand’s Government Pension Fund (GPF) will boost its overseas investments, including private equity fund investments and direct investments in real estate and infrastructure, Sopawadee Lertmanaschai, secretary-general of GPF announced earlier in Bangkok....
Red Fort makes second investment in India's 3C
Red Fort Capital, an India-focused private equity firm, has invested an undisclosed sum in a residential project being developed in Noida, in the northern state of Uttar Pradesh, by real estate firm 3C Company.
Abu Dhabi SWF plans 15% stake in Gatwick
The Abu Dhabi Investment Authority (ADIA), Abu Dhabi's sovereign wealth fund, is reportedly planning to invest £125 million ($198.4 million) for a 15% stake in London's second-biggest airport, Gatwick Airport.
Shinsei/Aozora merger progresses slowly
Shinsei Bank, 32.5% owned by J.C. Flowers & Co., and Aozora Bank, 55% owned by Cerberus Capital Management LP, are having headaches over delays to their merger plan, originally aimed to complete in October this year.
CIC enters Apax's "closed" Europe VII fund
China Investment Corporation (CIC), China's $300 billion sovereign wealth fund, has reportedly invested €685 million ($952 million) in Apax Partners' Apax Europe VII, a €11.2 billion ($15.5 billion) buyout fund that was ostensibly no longer open to investors....
Citigroup sells Indian MCX commodities stake to Ashmore
Citigroup is reportedly fetching $40 million by selling its 5% stake in the Mumbai-based Multi Commodity Exchange of India Ltd (MCX), India's largest and most diverse commodities exchange, to Ashmore Group, the London-headquartered private equity firm....
CHAMP's Manassen Foods ready for IPO
Australian buyout firm CHAMP Private Equity is preparing to appoint advisors for a tentative initial public offering of Manassen Foods, a supplier of food brands including Jelly Belly Jelly Beans, Carr's Water Crackers and the Margaret River Dairy Company....
Goldman Sachs eyes Taikang Life
The private equity arm of Goldman Sachs has emerged as one of the potential bidders to take either some or all of the 15.6% stake in China's Taikang Life Insurance Company owned by French insurer Axa Group.
Morgan Stanley Real Estate set to sell China asset
Morgan Stanley Real Estate Asia (MSREA) is said to be in final talks to sell a Shanghai apartment complex to Alpha Investment Partners, a unit of Singapore-based developer Keppel Land, in a deal estimated at around $130 million.
Private equity leaders eye GS Retail in Korea
US buyout leader Kohlberg Kravis Roberts & Co., South Korea-originated MBK Partners and Hong Kong's Affinity Equity Partners have all emerged as potential bidders for GS Retail,a retail business affiliate of South Korean conglomerate GS Group.
China: Globalizing the RMB
While the rest of the world is struggling with recession, China is different.
CITIC hits $1.3 billion for RMB fund
CITIC Private Equity Funds Management Co., Ltd. (CITIC PE), has hit a new high in RMB fundraising, accumulating RMB9 billion ($1.32 billion) for its debut vehicle, the CITIC Mianyang Private Equity Fund.
JAL still undecided
Japan Airlines has apparently not rejected any option out of the proposed business alliances offered by Delta Airlines and an American Airlines/TPG Capital consortium.