Articles by Paul Mackintosh
Indonesia heat
Fresh off the plane back from Jakarta, I can confirm that Indonesia merits the attention private equity GPs and LPs are now paying to it – and that the attention is almost as frothy and buzzing as the overall Indonesian economy.
Origo invests PRC batteries with Unipower
UK-listed private equity investor Origo Partners has committed around $4.3 million to PRC lithium-iron battery manufacturer Unipower Battery, currently being spun out of privately held parent Huanyu Group.
IFDA launches in New Delhi for Indian infrastructure
The Infrastructure Finance & Development Asia India Summit 2010 opened for its inaugural conference at the Shangri-La Eros Hotel in New Delhi last week, under the umbrella theme, “Setting Priorities and Mapping Goals for India’s Second Decade of Infrastructure.”...
CPPIB on the (Aussie) road again
In a deal that looks set to transform the regional infrastructure and private equity investment numbers for 2010, Canada Pension Plan Investment Board (CPPIB) has received a formal recommendation from the board of Australian toll road player Intoll Group...
Wise paints the town with Teibow
Tokyo-based private equity firm Wise Partners has won the takeover contest for Teibow Co., a leading Japanese maker of felt pen nibs, from Goldman Sachs, in a deal estimated at around JPY12 billion ($141 million). The Development Bank of Japan (DBJ) was...
China onwards ever upwards
The latest news on plans by the PRC insurance regulator, the China Insurance Regulatory Commission (CIRC), to clear the way for the country’s insurers to invest up to RMB122 billion ($33.2 billion) into private equity and direct investments appears to...
Wish you were here…
European nations may have deep historical ties with the Asia Pacific region, dating as far back as Marco Polo and Vasco da Gama, but European GPs have largely been late entrants to the region. European LPs, especially those with development capital mandates,...
GOME spat with founder continues
In the latest development in the ongoing feud between Bain Capital investee HKSE-listed GOME Electrical Appliances Holding Ltd. and its disgraced and imprisoned founder Huang Guangyu, Huang has apparently sought to terminate procurement and management...
CPPIB Intoll deal rolling for $3.01 billion
Canada Pension Plan Investment Board (CPPIB) has received a formal recommendation from the board of Australian toll road player Intoll Group for its A$3.4 billion ($3.01 billion) privatization offer, a 2.5% increase on its original bid price in mid-July....
L Capital invests Emperor Watch with DE Shaw
L Capital, the investment arm of international luxury goods major LVMH Moet Hennessy Louis Vuitton, has picked up some $31 million of convertible bonds and warrants in Hong Kong-listed Emperor Watch & Jewellery Ltd., equivalent to around 7.46% of the...
Bain sets conversion of GOME shares
Controversial Bain Capital investee GOME Electrical Appliances Holdings has revealed that Bain will exercise its convertible bond stake in the company before a special meeting scheduled for September 28, giving it a 10% effective position.
TPG announces Chongqing RMB fund
Following yesterday's announcement by TPG Capital of the formal launch of a Shanghai-domiciled RMB fund, the firm has now announced a similarly sized RMB5 billion ($735.5 million) RMB vehicle in Chongqing, in partnership with the Chongqing Municipal...
Applied Ventures, Allen & Buckeridge invest BT Imaging
VC investors Applied Ventures has joined in a $3.8 million Series A-2 investment round for Australian photovoltaic manufacturing quality control business BT Imaging, alongside existing investors Allen & Buckeridge and Uniseed.
Hopu may bid for Potash
Hopu Investment Management may be contemplating participation in a bid for Canada's Potash Corp, currently opposing a $39 billion hostile takeover bid from BHP Billiton, according to reports.
Adveq's Wong leaves in Beijing
Darren Wong, MD of the Beijing office of leading Swiss-headquartered fund-of-funds Adveq Management, has left the firm, with Nils Rode, MD and Co-Head of Adveq's overall investment management practice, assuming management of Adveq's Asian funds business....
New Shenzhen PE rules to support local funds growth
With Shanghai and Beijing already moving to establish their local private equity fund formation rules, Shenzhen in southern China is now launching its own regulatory platform to foster local incorporation of so-called "equity investment funds".
ANZ report suggests KEB sale still on
Despite earlier unconfirmed reports that Lone Star Funds was canceling its sale of its 51% stake in Korea Exchange Bank, fresh indications have emerged that the sale is still on, with Australia and New Zealand Banking Group (ANZ) reiterating its interest...
CICC recruits Barclays' Peng Wensheng
China International Capital Corp. has recruited a new chief economist, Peng Wensheng, the former head of China research with Barclays Capital and an alumnus of the Hong Kong Monetary Authority, according to reports.
Macquarie recruits Garg for TMT
Macquarie Capital has hired Anupam Garg, formerly SVP with Singapore Technologies Telemedia, to be its telecommunications, media, entertainment and technology (TMET) investment banking co-head for Asia.
Lone Star scrubs KEB sale - or not?
Reports from Korea - sometimes unreliable in business news reporting - have indicated that Lone Star Funds has canceled the sale of its 51% stake in Korea Exchange Bank (KEB), due to lack of buyer interest.
Bain, Macquarie, Permira in frame for MBK's CNS
Bain Capital and the UK's Permira Advisers, as well as Macquarie Group, are among the final bidders selected by MBK Partners for its Taiwanese cable investee Cable Network Systems (CNS), which could fetch up to $2.5 billion, according to reports.
ANZ diligencing KEB for $3.8 billion stake
After a long-running, stop-and-go series of reports on its participation in bidding for Lone Star Funds' stake in Korea Exchange Bank (KEB), Australia and New Zealand Banking Group (ANZ) has confirmed that it is doing due diligence on an up to 57.27%...
India: What to build and where to build it
India's infrastructure opportunity is often cited as one of the great investment horizons: an immense nationwide infrastructure gap that could be bridged through yield-generating investments to accomplish an unimpeachable social and developmental purpose....
Summer heat
The traditional quite midsummer seems to have been anything but. All kinds of things appear to have been happening through mid-August, as dealmakers and fundraisers brave the heat to keep the momentum going that has already left the last quarter looking...