Articles by Paul Mackintosh
GATE says rolling out in Southeast Asia
GATE Technologies, a NYC-headquartered firm seeking to establish a series of online GATE Developing Marketplaces in illiquid securities and alternative assets, including private equity fund positions, has said that it "is in discussions with a Singapore-based...
DCM invests Yesmylife
Leading Menlo Park-headquartered VC firm Doll Capital Management (DCM) has revealed that it led a $10 million Series B investment round in Shanghai-headquartered MOS Holdings, Ltd., also known as Yesmylife and Yesmynet.
Citi recruits Goldman's Osmond for ANZ
Citigroup in Australia has recruited Tony Osmond, formerly Goldman Sachs JBWere's local Head of M&A, Natural Resources and Industrials, as its new Head of Investment Banking for Australia and New Zealand, according to reports.
KKR, Permira cited for MBK CNS sale
Kohlberg Kravis Roberts & Co. and UK-headquartered Permira are among potential bidders for China Network Systems (CNS), the Taiwanese cable TV asset that MBK Partners is seeking to exit for up to $2.5 billion, according to reports.
Khazanah extends Parkway bid
Malaysian SWF Khazanah Nasional has extended its partial offer for a control stake in Singapore-based hospital group Parkway Holdings to July 26th, a moves that comes as it repositions itself after fellow Parkway stakeholder and rival bidder Fortis Group...
Temasek annual report shows rebound
Singapore SWF Temasek Holdings' portfolio rebounded to S$186 billion ($134.4 billion) by the financial year ending March 31st 2010 - a figure that is slightly above 2008's S$185 billion ($133.7 billion), and well above 2009's S$130 billion ($94 billion),...
IDFC collects from Khazanah, Actis
Indian infrastructure finance leader Infrastructure Development Finance Co. (IDFC) is to raise INR840 crore ($179 million) through an institutional placement of convertible preference shares to current investor Malaysian SWF Khazanah Nasional and UK private...
Milestone Religare on track for $200 million raise
Milestone Religare Investment Advisors, the private equity JV between local fund house Milestone Capital and financial services group Religare Enterprises, is on track to launch its $200 million India Build-Out Fund II, with discussions already commenced...
Infinity launches RMB fund for Chengdu
Tel Aviv-headquartered Infinity I-China Fund has launched the latest in its series of RMB-denominated fund partnerships with PRC cities, an RMB200 million ($29.5 million) vehicle floated with the city of Chengdu in Sichuan.
ANZ said out of KEB process
The Australia and New Zealand Banking Group Ltd. (ANZ) is not considering any further participation in Lone Star Funds' sale of its 51% stake in Korea Exchange Bank (KEB), following due diligence, and will also not bid for PT Bank Panin Indonesia, according...
Nimbus revives IPO exit plan
3i Group and Oman International Fund investee Nimbus Communications, an Indian broadcaster which operates the Neo Sports and Neo Cricket channels, has revived an IPO plan originally mooted in 2008, and may seek to raise up to INR750 crore ($160 million)....
SWFs help AgBank shave IPO record
The IPO of the Agricultural Bank of China in Hong Kong and Shanghai raised $19.2 billion, which will breach the Industrial and Commercial Bank of China's all-time record if a further greenshoe placement takes it to an expected $22.1 billion, with much...
Istithmar exits SpiceJet for $25.3 million
Dubai-headquartered investment firm Istithmar has made its expected exit from Indian budget carrier SpiceJet, obtaining $25.3 million from a number of institutional investors for its 6.9% stake in the business.
Secondaries show Asia's maturity?
Secondary fund transaction volumes are one indicator of the scale and maturity of a region’s private equity industry.
CITIC targets Japan's Tri-Wall
PRC private equity firm CITIC Capital Partners is reportedly seeking to invest Japanese packaging business Tri-Wall KK, for around $65.5 million.
Chinatrust still in Primus Nan Shan process
A spokesperson for Taiwanese financial group Chinatrust Financial Holding, announced that the company still seeks a 30% stake in Nan Shan Life Insurance, the local unit of American International Group, currently the subject of a delayed $2.15 billion...
CIC may drop bank stability mandate
The China Investment Corporation (CIC), the PRC's $298 billion sovereign wealth fund, may relinquish its position as holding company for China's stake majority positions in its leading banks and other financial institutions, and guarantor of financial...
Korean government delays Woori sale
The Korean government has delayed the public announcement of its privatization plans for Woori Financial Group, owner of No. 3 Korean lender Woori Bank, likely looking to increase the value of the sale.
Affinity exits Loscam in PRC trade sale
After months of negotiation that supplanted a potential IPO, Affinity Equity Partners has exited its Australian pallet business Loscam – in a trade sale to PRC strategic player China Merchants Group.
Private equity dodges US regulatory bullets?
A couple of much-anticipated US regulatory developments for private equity that were definitely calculated to affect the industry in Asia Pacific, and indeed, worldwide, appear to either have closed, or be on the point of closing, with relatively positive...
Zhou joins LGT in Hong Kong
LGT Capital Partners has recruited Brooke Zhou as an Associate Vice President in its private equity investment team, based in Hong Kong, where she will focus on primary and secondary fund investments, as well as co-investments.
Affinity exits Loscam - to China Merchants
Affinity Equity Partners has finally exited its Australian pallet business Loscam – to PRC strategic player China Merchants Group, rather than China Merchants investee China International Marine Containers (CIMC), as initial reports suggested.
KIC seeks diversity, targets PE
Chin Young Wook, CEO of the Korea Investment Corporation (KIC), Korea's $30 billion sovereign wealth fund, has said publicly that the SWF will seek greater investment in private equity and real estate, as well as contemplating direct investments through...
Blackstone takes China Animal stake
The Blackstone Group has made a commitment giving it exposure to China's foods and agriculture and healthcare sectors, by leading a significant minority investment in Singapore-listed China Animal Healthcare, a maker of animal drugs and vaccines, for...