Articles by Paul Mackintosh
Providence announces terms on $570 million Study Group deal
Providence Equity Partners has announced a final acquisition price of A$660 million ($570 million) for CHAMP Private Equity and Petersen Investments investee Study Group in its first Australian deal.
Blackstone completes Monnet deal
The Blackstone Group has executed its plans, first publicized in March this year, to invest around $60 million for 12.5% of Monnet Power Co. Ltd., an Indian independent power producer currently developing at 1050MW coal-fired power plant in Orissa state....
Adams Street recruits Soo from GIC SI
Leading fund of funds and private equity investment management group Adams Street Partners has recruited Yar-Ping Soo, previously Head of Asia/Emerging Markets at Singapore's GIC Special Investments (GIC SI), as Partner with its investment team.
Carlyle explores Kbro alternatives after Taiwan Mobile lapse
The Carlyle Group is exploring alternative approaches to allow it to sell its Taiwanese cable investee Kbro after a planned sale to local telecoms operator Taiwan Mobile failed to complete by its end June target date, due to unexpected regulatory hurdles....
Korean government delays Woori sale
The Korean government has announced a delay to the publication of its privatization plans for Woori Finance Holdings, owner of Number Three Korean lender Woori Bank, which has attracted the attention of the Blackstone Group among others, seeking to maximize...
Babson does first Oz deal with Collins Food
Babson Capital Management, a leading US investment firm and mezzanine provider, has just announced the first deal from its newly opened Australia office, with an investment - for an undisclosed amount - in mezzanine notes held by Collins Food Group, the...
Regulators in a friendly mood?
Private equity in Asia Pacific has long had an ambivalent relationship with regulators and the region’s governments in general.
Shanghai Financial fund makes largest PRC close at $1.62 billion
Shanghai Financial Industry Investment Fund, the financial services-focused private equity vehicle backed by China International Capital Corp. and Shanghai International Group, has held a first close of RMB11 billion ($1.62 billion), mostly from PRC SOEs...
VEIL concerns see Vietnam market drop
Vietnam-focused investor Dragon Capital saw the country's benchmark fall sharply in late June over rumors that its Vietnam Enterprise Investment Limited Fund, a vehicle listed in Ireland, might be dissolved after legal action by one of its key shareholders,...
Eredene invests India's Ennore Port terminal
London AIM-listed Eredene Capital, an India-focused real estate and infrastructure investment firm, has led a consortium to win the rights to build and operate the Ennore Port container terminal project in Tamil Nadu, along with Spanish and Indian industry...
Ex-Unilever Banga joins CDR for operations
Manvinder (Vindi) Singh Banga, formerly Chairman and MD of Unilever in India and later Singapore-based President of its Foods, Home and Personal Care division, is set to join the London office of global buyout major Clayton, Dubilier & Rice (CDR), as...
Reliance/GTL deal may involve Saudi Telecom, ADIA, PE players
The $11 billion merger of Reliance Infratel, the cellular transmission tower arm of India's Reliance Anil Dhirubhai Ambani Group, into Indian independent telecoms player GTL Infrastructure may include investment by Saudi Telecom Co., the Abu Dhabi Investment...
Providence goes to Study Group
US media and TMT-focused private equity firm Providence Equity Partners has picked up CHAMP Private Equity’s education asset Study Group International, in a deal estimated at around A$600 million ($523.6 million).
Khazanah may pick up Amanresorts
Malaysian SWF Khazanah Nasional, which has been more and more active in direct investments over the past 18 months, is now seeking to pick up a controlling stake in luxury resort chain Amanresorts from its current owner, Indian real estate developer DLF...
Financial investors in financial services
Financial services deals put Asia Pacific private equity on the map worldwide.
Telopea launches from Oz for regional PE, real estate, advisory
Telopea Capital Partners has opened in Sydney, Beijing and Hong Kong, seeking to make direct private equity and real estate investments with a new fund, as well as offering advisory services across the region.
StanChart expands leverage support
Standard Chartered Bank has added four new team members to its leverage finance unit for Northeast Asia, based in Hong Kong, following an increase in opportunities in the region.
Calello gains i-bank chair at Credit Suisse
Paul Calello, star investment banker at Credit Suisse in Asia Pacific from 2002 to 2007, has been appointed chairman of Credit Suisse investment bank worldwide, vacating his previous global i-bank CEO role.
ORIX plans Tokyo Star investment, partnership
ORIX Corp., the Japanese investment and financial services firm, is investing JPY10 billion ($111 million) into Advantage Partners investee Tokyo Star Bank, alongside a plan to form a corporate turnaround arm at the bank.
3i winds down Asia buyout practice
The UK's 3i Group has wound down its buyout arm in Asia, after merging its Singapore-led buyout team into its growth capital platform in the region, and transferring responsibility for Asian buyouts to its global buyout team.
KKR nixes CVC partnership on Healthscope
Kohlberg Kravis Roberts & Co. has said that CVC Capital Partners will not be participating in a bid for Australia's Healthscope, estimated at potentially up to A$1.84 billion ($1.56 billion), with KKR continuing on the bid by itself.
Baring India close to Oriental Tollways deal
Baring Private Equity Partners India is preparing to invest some INR370 crore ($80 million) in Oriental Tollways, part of the 30-year-old Oriental Structural Engineers Group, to help fund the target's road projects.
Blackstone may join Woori process
The Blackstone Group has been in discussions with Korea's Woori Financial Group over possible participation in the state-backed $6 billion auction of the government's 57% stake in the country's third largest banking group, at some $10.6 billion market...
H&QAP's Array IPOs for Taiwan OTC
Veteran Asian investor H&Q Asia Pacific (H&QAP) announced that Array Networks, its Silicon Valley-headquartered portfolio company, has completed its listing on the Taiwan OTC Exchange, becoming the first foreign Internet networking company to list in...