Articles by Paul Mackintosh
Carlyle in running for Pure Foods, no CVC bid
The Carlyle Group has entered a bid for 49% of Pure Foods, the division of Philippines conglomerate San Miguel opened by the parent for investment, with CVC Capital Partners - which was previously linked with the asset - reportedly not entering a bid....
Greene launches Diamond Dragon for Asia placement first
Asia Pacific placement veteran Edward Greene is launching Diamond Dragon Advisors, Asia’s first locally headquartered private equity placement agent and advisory firm with a global reach, with offices in Hong Kong and Shanghai, and soon to open in Sydney,...
New SEBI proposals could hit Indian buyouts
The takeover panel of SEBI, India's securities regulator, has proposed raising the mandatory open offer level in Indian takeovers to 100% of all of a target's shares, above a threshold of 25%, making buyouts in the country potentially far more expensive....
Baring India investee PharmaARC could seek fresh funds
PharmaARC Analytics Solutions, a healthcare BPO company invested by Baring Private Equity India, may be seeking further investment - a move that contradicts Baring, which has stated that it has neither plans to exit its 10% stake nor commitment to inject...
Emerald Hill celebrates 5th anniversary with $300 million close
Independent Asia Pacific fund of funds Emerald Hill Capital Partners has announced the final close of its second fund, Emerald Hill Capital Partners II, LP, achieving its intended target of $300 million, coinciding with the firm’s fifth anniversary.
Baring plans $1.75 billion fund - reports
Leading growth-oriented regional investor Baring Private Equity Asia may soon start raising a new fund - its fifth - targeting $1.75 billion, according to reports, a substantial increase on its $1.52 billion Baring Asia Private Equity Fund IV.
San Miguel evaluates Carlyle, CVC Pure Foods buyout offers
Philippines conglomerate San Miguel Corp. said it is reconsidering offers from the Carlyle Group and CVC Capital Partners to buy 100% of its subsidiary Pure Foods, coming as it weighs the three domestic and one offshore offers it reportedly received last...
TA recruits SPCEL's Poddar for India
Boston-headquartered $16 billion private equity firm TA Associates has snared Standard Chartered Private Equity Ltd.'s director Dhiraj Poddar for the same role in its Mumbai office, according to Indian reports.
Carlyle, TPG wrap up Healthscope for $1.73 billion
The Carlyle Group and TPG Capital have successfully concluded their bid for Australia's Healthscope with a A$1.99 billion ($1.73 billion) all-cash offer, well above previous expectations, in the biggest Australian private equity deal since 2007.
Final Healthscope bids confirmed by Carlyle, TPG as Blackstone withdraws
The Jul 16th deadline for bids on Australian private hospital and pathology operator Healthscope saw the Carlyle Group and TPG Capital confirm that they had submitted bids for the asset, despite the withdrawal of Blackstone Group from their consortium...
Pantheon drops out of CIC secondaries mandate
Pantheon Ventures, the UK-headquartered fund-of-funds and investment management group, has declined to follow through on a mandate to manage $500 million of secondaries-focused separate accounts on behalf of the China Investment Corporation (CIC).
Hamilton Lane recruits Chan for Hong Kong
US private equity asset management and advisory firm Hamilton Lane has recruited Jackson Chan, formerly Head of Sales and Marketing for Non-Japan Asia at Ramius Capital, as a VP and head of business development for Asia, operating from its newly established...
CVC's Leung, Kuan join Sun Hung Kai board
CVC Capital Partners has announced that Francis Leung, the firm's Chairman for Greater China, and William Ho, its Partner, have joined the board of investee Sun Hung Kai Financial as non-executive directors, with Managing Partner and Head of Asia Roy...
Shan's Pacific Alliance bidding for AIA?
Hong Kong-headquartered private equity firm Pacific Alliance Group (PAG) is leading one of four PRC-backed consortia that have approached AIG over the possible acquisition of its Asia division AIA, which is on the market again following Prudential's failed...
Fortress gets debt entry to daVinci
Fortress Investment Group, the distressed debt and real estate investment firm, has made a $232 million investment into Japanese real estate firm daVinci Holdings, by acquiring a loan originally made by BNP Paribas.
Composition staffs up in HK, Amsterdam
Composition Capital Partners, an Amsterdam and Hong Kong-based investment management firm focusing on private equity real estate funds-of-funds, has engaged Lionel Low as VP in its Hong Kong office, as well as Morag Beers and Maarten Vermeulen as Directors...
Lombard targets Philippines healthcare with The Medical City
Veteran Asian investment firm Lombard Investments has announced a follow-on investment into The Medical City, a market-leading private healthcare group in the Philippines, for an undisclosed amount.
Temasek explains, may expand SeaTown role
As part of the release of its annual report, Singapore SWF Temasek Holdings has publicized further details of its new semi-autonomous investment arm SeaTown Holdings, reported as registered in February this year, and may expand the S$4 billion ($2.9 billion)...
Morgan Stanley private equity supremo Trevor leaves
Stephen Trevor, co-head of Morgan Stanley Investment Management and hired in 2006 to head up the new private equity business within the division, is stepping down alongside co-head Stuart Bohart.
Industry Q&A: Glenn Hubbard
AVCJ spoke to Glenn Hubbard, Dean of the Columbia Business School and former Chairman of the Council of Economic Advisers to George W. Bush, about current US attitudes toward private equity investment in Asia.
A schizophrenic industry?
The latest AVCJ Research figures on private equity activity in 2010 show an industry that is powering ahead in precisely the weakest areas for private equity in the West.
Starwood regains Rajagopal for India as Rao leaves
Starwood Capital Group, the real estate-focused private equity firm led by Barry Sternlicht, founder of Starwood Hotels and Resorts, has announced the re-engagement of Sundaram V. Rajagopal, a former VP with the firm, as MD for India and Southeast Asia....
San Miguel offers 49% of Pure Foods
Raymond Ang, president of Philippine conglomerate San Miguel Corp., has confirmed that the group will be selling 49% of its foods division Pure Foods, rather than the entire group, with an estimated value of $588 million.
IFC, FE Clean invest Bhilwara Energy
The International Finance Corporation (IFC) and Indian private equity firm FE Clean Energy have jointly invested $50 million 50:50 into Noida-headquartered Bhilwara Energy Ltd., a hydroelectric power and manufacturing group, for a 10.8% stake.