Articles by Paul Mackintosh
Bain & Co.'s Park leaves Seoul for NYC
Business consulting firm Bain & Company has announced the transfer of Chul-Joon Park, the partner and global director hitherto leading its Asia Pacific Private Equity Practice from Seoul, to New York, where he will be working with the firm's private equity...
Oz private equity tax ruling deferred indefinitely
The Australian Taxation Office (ATO) has deferred for the third time its long-awaited ruling on taxation of private equity profits in Australia, pending a government review of tax policy in the sector.
CP2 fails to block Transurban share sale
CP2 Ltd., the Australian infrastructure investor that partnered with Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers’ Pension Plan (OTPP) in the attempted A$7.2 billion ($6.4 billion) privatization of local toll road operator Transurban...
StanChart seeks stake in Indian bottles
Standard Chartered Private Equity Ltd. (SCPEL) is in discussion over a 15% stake in CK Jaipuria Group, the Indian bottler of PepsiCo. and other international brands, for up to $32 million, according to Indian reports.
Omidyar recruits Mantha for philanthropy
Omidyar Network, the philanthropic investment firm founded by eBay founder Pierre Omidyar, has engaged Surya Mantha, previously with India's Network18 media conglomerate, as Director, Investments.
China International Fund backs $2.7bn Bellzone Guinea project
The China International Fund Ltd. (CIF), a little-known Hong Kong-incorporated infrastructure investment entity, is to fund a $2.7 billion plan to develop the Kalia Iron Project, a magentite mining facility in the Republic of Guinea in West Africa, held...
Warburg Pincus may join ICICI Metropolis bidding
Warburg Pincus has become the latest private equity firm to join the bidding for the 20% stake in Metropolis Healthcare held by ICICI Venture, which has also attracted interest from Apax Partners and TA Associates.
Temasek makes ex-SGX Hsieh President
Temasek Holdings has appointed former Singapore Exchange CEO Hsieh Fu Hua as executive director and the new president of the $122 billion Singapore SWF.
Healthscope: A healthy deal
The still-developing and much-covered privatization bid for Australian listed private healthcare provider Healthscope Ltd. by a consortium that now allegedly includes TPG, Carlyle and newcomer Blackstone is fast turning into a diagnostic test for the...
Iglesias, Humphreys, Fleming aim for Continuity
Ovidio Iglesias, Bill Humphreys and Grant Fleming, three of the senior fund management professionals most recently associated with Wilshire Private Markets, have announced their own independent vehicle, Continuity Capital Partners.
Shoot the messenger
The European Union, as the price for bailouts running into the billions, has taken over the governments of Greece, Spain and Portugal, as their new controlling shareholder, while also assuming control of Germany’s provincial banks and the local government...
Advantage, J-Will, TPG in frame for Anabuki
Private equity bidders including Advantage Partners, J-Will Partners and TPG Capital are into the final round for Anabuki Construction Ltd., a defunct apartment developer based in Japan's southern island of Shikoku, in a deal worth at least $222 million...
Temasek loses Indonesia competition appeal
Singapore SWF Temasek Holdings has lost its final appeal before Indonesia's Supreme Court in an anti-monopoly case concerning its positions in cellular providers PT Telekomunikasi Selular (Telkomsel) and PT Indosat.
Nomura poaches Mount Kellett's Dayal
Nomura has hired Prasoon Dayal, hitherto with Mount Kellett Capital, to create an Asia Pacific primary private credits business.
Tata Capital gets Rajan as Managing Partner
Tata Capital, the financial services division of Indian conglomerate Tata Sons Ltd., has appointed Dr. Mukund Govind Rajan, hitherto MD of Tata Teleservices Maharashtra Ltd., as Managing Partner for its new private equity fund.
Daiwa Quantum invests Taiwan's Alchip
Daiwa Quantum Capital, the JV between Daiwa Securities SMBC Principal Investments and ex-Sony CEO Nobuyuki Idei-backed Quantum Leaps, is investing $15.6 million in Taiwanese chip design house Alchip Technologies Inc.
Barclays Capital arm backs Oz Hydra Energy
Barclays Natural Resource Investments, a division and co-investment partner of Barclays Capital, is backing the formation of Hydra Energy, a petrochemicals start-up seeking undeveloped or late-life oil and gas assets in Australia.
CSRC review of MS CICC stake sale begins
Morgan Stanley has begun the formal application process to the China Securities Regulatory Commission (CSRC) for the sale of its 34.3% stake in PRC investment bank China International Capital Corp. (CICC).
Queensland biotech fund gets Eli Lilly backing
The government of the Australian state of Queensland has partnered with pharmaceutical giant Eli Lilly & Co. to launch a $250 million biotech and life sciences VC fund.
GESB Oz makes new appointments
Western Australia's Government Employees Superannuation Board (GESB) the state's largest superannuation fund at $10.4 billion, has just made two new Investment Strategist appointments: Kate Budiselik as real estate, infrastructure and multi-manager lead,...
Sequoia plans $54 million Star Health commitment
Sequoia Capital is close to agreeing a $54 million commitment to Star Health and Allied Insurance Co. Ltd., a Chennai-headquartered insurance company also invested by ICICI Venture recently for around $25.7 million.
IFC plans socially-focused India deals
The International Finance Corporation (IFC), the private sector arm of the World Bank, is working on two Indian socially-focused deals: a $25 million commitment to hospital chain Max Healthcare Institute, and participation in a $2.6 million fundraising...
Sindicatum Carbon preps pre-IPO placement
Sindicatum Carbon Capital, a Singapore-headquartered clean energy projects developer, has announced that it is preparing a $100 million private placement with three private equity firms prior to its planned listing.
Navis backs new Nirula's expansion
Navis Capital is to invest more into Indian restaurant chain Nirula's to help fund a new expansion into seven to ten additional cities across the Subcontinent, according to Indian press reports.