Articles by Paul Mackintosh
Healthcare: The next China VC horizon?
Although it doesn't always register prominently on the radar, healthcare and related biotech actually accounts for 30% or more of all venture capital investment in the US.
Caveat emptor
Only a few weeks ago it was all looking so easy for Asia Pacific dealmaking.
GMR seeks further funds after Temasek
After recently agreeing a $200 million investment deal with Singapore SWF Temasek Holdings for its GMR Energy arm, India's GMR Group has indicated that it still seeks a further $100 million of private equity investment.
Primus: No plans to exit EON
Primus Pacific Partners has stated publicly that it has no plans to exit Malaysian investee EON Capital Bhd, despite an earlier rejected $1.4 billion takeover bid by Hong Leong Bank.
Ashmore partners with PTC on India fund
Ashmore Investment Management, the London-headquartered emerging markets investment manager, has partnered with PTC India, a power trading solutions company, on a private equity fund to be launched later in the year, according to PTC.
Larsen & Toubro plans India infra fund
In the latest fund formation news from a major Indian corporate, Larsen & Toubro Ltd., the Subcontinent's largest engineering firm, has announced plans to form a $300 million fund to invest in the infrastructure sector.
Squadron recruits Shi Xiaoni as Associate
Squadron Capital, the Hong Kong-headquartered independent fund of funds, has announced the recruitment of Shi Xiaoni as an associate.
Fubon plans cross-Straits fund with CDB
Taiwan's Fubon Financial Holding Co. has announced an initiative with the China Development Bank and the provincial government of Fujian to set up an RMB5 billion ($732 million) private equity fund for investing in cross-Straits businesses.
Navis's Bangkok Ranch ducks out with UK deal
Navis Capital has injected $50 million into Thai investee Bangkok Ranch Co. Ltd., according to AVCJ sources, as part of the latter's c.$100 million 100% acquisition of UK duck business Cherry Valley Farms, Ltd.
DCM, SAIF, invest 58.com
Doll Capital Management (DCM) and SAIF Partners have jointly led a $15 million second round of investment into 58.com, a Chinese classified ads website.
Bhandarkar may leave JPMorgan for Credit Suisse
According to reports, Vedika Bhandarkar, Head of Investment Banking for India at JPMorgan Chase & Co., may be on the point of quitting to take up a similar role at Credit Suisse.
Sunderji quits Guggenheim
Anand Sunderji, hitherto Head of Asset Management and fund-of-funds lead at Guggenheim Capital Management (Asia), has quit his post, and is believed to be planning a venture of his own.
Ramnath gets Multiples first close at $250 million
Multiples Alternate Asset Management, the private equity vehicle launched by former ICICI Venture MD and CEO Renuka Ramnath, has had a first closing at $250 million, against a $450 million target.
TPG launches China Grand Auto IPO
TPG Capital has engaged CICC and Goldman Sachs for a listing of its PRC investee China Grand Automotive Services Co Ltd., which could be worth up to $1 billion.
Daewoo Electronics goes to Iran's Entekhab
Daewoo Electronics, the consumer electronics arm of defunct chaebol Daewoo Group, is to be sold to Iranian industry peer, Entekhab Industrial Group, after private equity groups repeatedly tried but failed to acquire the asset.
Goldman $1.08 billion KNM deal falls through
Goldman Sachs's already-announced $1.08 billion investment in Malaysian oil and gas business KNM Group Bhd. has collapsed, apparently due to pricing disagreements.
Actis, Goldman, Morgan Stanley's Taizinai collapses with $440 million debts
Actis Capital, Goldman Sachs, and Morgan Stanley investee Hunan Taizinai Group, a PRC dairy company, has gone into provisional liquidation with RMB3 billion ($440 million) in debt.
ADIA appoints Sheikh Hamed as new head
The Abu Dhabi Investment Authority (ADIA) has appointed Sheikh Hamed bin Zayed as its new managing director and head, following the death of his predecessor and brother Sheikh Ahmed bin Zayed in a gliding accident.
Anchorage closes debut Oz fund
Anchorage Capital Partners, a Sydney-based mid-market special situations and turnaround buyouts firm, has announced the close of its debut fund, Anchorage Capital Partners I, at A$200 million ($187 million).
Citi appoints new China, India banking heads
Citi has announced new global banking heads for China and India, with the appointment of Eugene Qian and Rodney Tsang as co-heads of global banking for China, and of Ravi Kapoor in India.
Jafco commits to new Jafco Ventures fund
Japanese investment group Jafco has committed $100 million to launch the fourth fund for its US West Coast VC affiliate Jafco Ventures.
Carlyle Taiwan Mobile deal needs new solution
Taiwan's Taiwan's media and broadcasting regulator, the National Communications Commission, has ruled that the Carlyle Group and Taiwan Mobile must find an acceptable solution to the regulatory problems stalling a planned $1 billion investment.
HKMA new alternatives tilt, KKR investment revealed
The Hong Kong Monetary Authority, Hong Kong's de facto central bank and manager of the territory's c.$1.5 trillion Exchange Fund, will invest more into private equity and hedge funds, having already committed to Kohlberg Kravis Roberts & Co. and other...
Colony checks partway out of Raffles to QIC
Colony Capital is reducing its stakeholding in iconic Singapore-centered hotel investment Fairmont Raffles Holdings International, in an $847 million deal with the Qatar Investment Authority, with Singapore's historic Raffles Hotel going to QIC for $275...