Articles by Paul Mackintosh
SWF survey shows image shortfall
Sovereign wealth funds (SWFs), as well as private equity in general, may have a significant problem with acceptance even in some of the Asian markets most closely associated with them, according to a recent report, the Sovereign Brands Survey 2010, conducted...
Miranda to yield IDFC PE CEO slot
Luis Miranda, incumbent president and founding CEO of the $1.3 billion Indian infrastructure-focused private equity firm IDFC Private Equity, is to step down to assume a role as non-executive chairman from November 2010.
Shan exits TPG for solo fund
Turnover at the top of TPG Capital in Hong Kong continues after the relocation of Dan Carroll, formerly Managing Partner with the firm in Hong Kong, to the West Coast.
Tenet backs out of Healthscope, citing disclosure
US hospitals group Tenet Healthcare Corp. has announced its withdrawal from bidding for Australian hospitals and pathology business Healthscope Ltd., leaving the two rival private equity consortia - Kohlberg Kravis Roberts & Co. and CVC Capital Partners...
Primus China Strategic Nan Shan bid triggers resignation
Raymond Or Ching-fai, CEO of China Strategic Holdings - the Hong Kong entity partnered with Primus Financial Holdings in the $2.15 billion joint bid for Nan Shan Life Insurance, the Taiwan unit of troubled US insurance giant AIG - has resigned from the...
Tenet could be out for Healthscope
US hospitals group Tenet Healthcare Corp. may withdraw from bidding for Australian hospitals and pathology business Healthscope Ltd., leaving competition for the A$1.84 billion ($1.56 billion) deal to the two rival private equity consortia of Kohlberg...
MBK in running for KEB? - reports
Independent pan-Asian buyout firm MBK Partners may be seeking a secondary buyout opportunity from Lone Star Funds for its 51% stake in Korea Exchange Bank (KEB), valued at up to $4 billion, according to unconfirmed media reports.
HSBC private equity units could spin out
HSBC could be on the verge of spinning off its private equity units, including HSBC Private Equity Asia and HSBC Asian Ventures, through a series of MBOs, following growing regulatory and financial industry pressure for major banks to shed such capabilities....
Argonaut, Ascent join IDFC for $100 million GMR investment
Argonaut Private Equity and Ascent Capital have joined IDFC in the latest investment round for GMR Energy, the energy division of Indian conglomerate GMR Group, to invest a total of INR465 crore ($100 million).
KEB low-ball bid reports false
Korean media reports suggesting that Australia & New Zealand Banking Group (ANZ) and Standard Chartered Bank submitted low bids for Lone Star Funds' 51% stake in Korea Exchange Bank (KEB) at $3.32 billion or less were false - at least according to ANZ...
Affinity exits Loscam to PRC's CIMC - reports
After several months of apparent negotiation, Affinity Equity Partners is reportedly exiting its Australian investee Loscam, a pallet provider, to China International Marine Containers (CIMC), which apparently beat out private equity bidders CHAMP Private...
GMR gains $75 million more from IDFC
Following reports that it was seeking further funding, India's GMR Energy has now secured approximately $75 million from IDFC Group, the prominent local infrastructure finance conglomerate, for a significant minority stake.
Miranda to step down as IDFC PE CEO
Luis Miranda, incumbent president and CEO of the $1.3 billion Indian infrastructure-focused private equity firm IDFC Private Equity, is to step down to assume a role as non-executive chairman from November, according to a statement from parent group IDFC....
Sequoia backs Hindusthan National Glass
Sequoia Capital India has invested $27 million into Indian domestic consumer and household glass container manufacturer Hindusthan National Glass and Industries, through a public markets deal.
HSBC invests India media with Avitel
HSBC Private Equity Asia has made a $10.8 million investment from its $700 million HSBC Asian Ventures Fund 3 into Avitel Post Studioz, a Mumbai-headquartered post-production company working with film and TV clients.
Mass PRIM backs SAIF in first emerging markets commitments
Massachusetts Pension Reserves Investment Management Board (Mass PRIM), the $44.2 billion Boston-headquartered pension system for teachers and employees of the state of Massachusetts, has made its first commitments to emerging markets private equity,...
Carlyle makes $291 million Contract Aviation bid
The Carlyle Group has consummated its protracted pursuit of Contract Aviation Industries with an A$350 million ($291 million) bid for the Australian aircraft and helicopter leasing company, which originally planned to launch an IPO in late March before...
Baring India makes latest MphasiS stake sale
Baring Private Equity Partners India has sold the third tranche in its protracted exit from IT and BPO solutions business MphasiS, its long-term investment.
Carlyle gets milk with Tirumala Indian investment
The Carlyle Group has made a $23.3 million investment from its Carlyle Asia Growth Partners fund into leading Indian milk company Tirumala Milk Products for a significant minority stake.
Shan quits TPG for own fund
Weijian Shan, hitherto Managing Partner with TPG Capital in Hong Kong and a leading regional investor for the firm, has now stepped down from his post in an apparently friendly departure, looking to form a new fund of his own.
Secondary buyouts: Second helpings?
Secondary buyouts appear to be gathering pace in Asia Pacific, from the buyers reportedly circling Loscam in Australia to indications of interest around China Network Systems in Taiwan.
CVC said joining KKR Healthscope bid
CVC Capital Partners may be joining Kohlberg Kravis Roberts & Co. in its A$1.84 billion ($1.56 billion) bid for Australia's Healthscope Ltd., in contention against a consortium of the Carlyle Group and TPG Capital, as well as Dallas-headquartered US strategic...
Tiwari quits JPM for Multiples
Dinesh Tiwari, formerly Executive Director with JPMorgan Chase in India, has quit the bank to be an investment director for Multiples Alternate Asset Management, the private equity firm created by former ICICI Venture lead Renukah Ramnath, according to...
Granite Hill backs Net4 India
US India-focused private equity firm Granite Hill Capital Partners is investing some $1.7 million in Indian-listed network and application services company Net4 India.