Articles by Paul Mackintosh
Australia's Crescent Capital plans National Hearing healthcare IPO
Crescent Capital Partners, a mid-market Australian private equity firm, is planning an IPO for investee National Hearing Care, an audiology business, possibly as early as October.
Macquarie acquires Presidio for Asia Pacific/US real estate synergy
Macquarie Group has announced the acquisition of Presidio Partners, a leading US real estate private equity investment and advisory firm, seeking to build links with its own, chiefly Asia Pacific, real estate platform.
Buyout firm among bidders for Korea's Woori Bank
The South Korean government has narrowed the field of potential bidders in the $6 billion privatization of Woori Finance Holdings to four, including one buyout fund, according to a government spokesperson.
CDC under scrutiny for Asia, other expenses
The UK's development policy investor Commonwealth Development Corporation (CDC), which participates in many Asia-focused funds, is under review by the UK International Development Secretary Andrew Mitchell, following press enquiries about its staff's...
Axis Bank to complete exit from private equity fund
India's Axis Bank is about to complete its exit from its Axis Private Equity platform, pending the results of discussions with LPs in its INR600 crore ($130 million) fund, according to comments by Shikha Sharma, the bank's CEO.
Advent recruits former Thermax MD Kulkarni as advisor
International mid-market private equity investor Advent International has recruited Prakash Kulkarni, former MD of Thermax, India's leading boiler manufacturer, as an advisor in its operating partner program.
Acumen India director Sahni quits for healthcare with Global Impact
Varun Sahni, formerly India Director with US-headquartered international social venture fund Acumen, is now launching his own private equity vehicle, Global Impact Investors (GII), targeting to raise $100 million, with a focus on services in emerging...
Industry Q&A: Keith Larson, Intel Capital
Keith Larson, VP and MD for the Manufacturing Sector at Intel Capital, talks about how truly world-class technology, electronics and gadget companies are making Asia – all of Asia – the place to look for the next, best thing.
China private equity shooting for world No.1?
The latest market data and market moves point to China’s inexorable rise to become the leading private equity market, as it is the leading economy, in Asia Pacific.
China reshapes the world?
China's rise to private equity superpower status is the subject of much comment in AVCJ lately and elsewhere; but one less immediately obvious implication is the prediction made by David Patrick Eich of Kirkland & Ellis, that “China will have a profound...
Milestone Capital invests Chennai's Pelican Group for affordable housing
India's Milestone Capital Partners has invested INR20 crore ($4.3 million) in Pelican Group, a Chennai-based real estate developer, to fund expansion in the affordable/social housing segment through its Pelican Affordable Housing unit.
TPG gets green light for Vishal
TPG Capital's protracted bid to pick up assets from India's struggling Vishal Retail group appears finally concluded, as Vishal's board approved the sale of its wholesale, institutional sales and franchise businesses to the private equity firm.
CIC may see functional restructuring
China Investment Corporation, the $300 billion SWF, may be in line for restructuring plans that could see it broken into up to three functional divisions targeting equity and strategic resources investments, according to reports.
VantagePoint launches Bohai VC fund
VantagePoint Venture Partners has become the latest fund to launch out of China's bustling Bohai Rim development zone, with the announcement of the Tianjin VantagePoint Hi-tech China FIVCE Fund, targeting RMB680 million ($100 million) for investment in...
CICC loses talent as KKR, TPG deal nears
The $1 billion-plus sale of Morgan Stanley's 34.3% stake in leading PRC i-bank China International Capital Corp (CICC) to Kohlberg Kravis Roberts & Co. and TPG Capital appears to be coinciding with a talent flight from the bank, as the bank moves to allow...
China Life to invest China Development Bank, NSSF-backed $2.2bn Suzhou RMB VC fund
China Life, the PRC's top insurance company, is to invest into the Suzhou Venture Capital Fund, an RMB-denominated vehicle in Suzhou, a significant satellite city of Shanghai, set up by the China Development Bank (CDB) and the National Social Security...
TPG, Oaktree, Anchorage ready to back Alinta recap
TPG Capital - through its TPG Opportunities Partners special situations vehicle and private equity funds - with Oaktree Capital and Anchorage Advisers are preparing a recapitalization deal for Australian power generator Alinta Energy, previously Babcock...
South Korean SWF KIC to receive $5 billion of fresh capital
South Korean SWF the Korea Investment Corporation (KIC) is to receive up to $5 billion from public finances to add to its $35 billion of capital, and may look at more partnerships with other international SWFs, according to official statements.
Wang steps down from DB
Pying-Huan Wang, formerly a director at Deutsche Bank where she was leading investment management with oversight of the bank's PEG Group in Switzerland, has now quit the firm, with her future plans apparently including further asset management work in...
FLAG planted in Hong Kong
Stamford, Conn.-headquartered fund of funds FLAG Capital Management is opening a new office in Hong Kong - its first presence outside the US - to cover the Asia Pacific region.
AIG seeks early September listing for AIA
US insurance giant AIG is apparently looking to list its star Asian subsidiary AIA in Hong Kong toward the beginning of its expected listing window, planning to seek authorization around the third week of September, with the putative listing in October,...
Everstone focusing on corporates, not warehouses
Indian PE firm Everstone Capital is not on track to raise a new real estate fund focusing specifically on warehouses and logistics, industry sources say, contrary to earlier media reports.
Reliance/GTL deal off
The $11 billion merger of Reliance Infratel, Reliance Anil Dhirubhai Ambani Group's cellular tower arm, and Indian independent telecoms major GTL Infrastructure, has been called off after parties failed to reach an agreement, nixing prospects for investment...
Funds of funds build LP returns
Asia Pacific has always possessed the kind of environment that in theory is well tailored for the fund of funds model.