Articles by Paul Mackintosh
Bain goes to Lilliput in India
Bain Capital India is to invest some $79 million for an undisclosed stake - thought to be at least 10% - in Lilliput Kidswear, a Delhi-based manufacturer of children's apparel and accessories.
PE stalking ANZ's AAPT?
At least one major private equity player has apparently been examining AAPT, an Australian carrier network operator owned by Telecom New Zealand.
KKR after Firstsource
Kohlberg Kravis Roberts & Co is seeking a stake of up to 68% in Indian BPO player Firstsource Solutions from existing investors, in a deal that could fetch up to $250 million.
Carlyle closes CAP III at $2.55 billion
The Carlyle Group has announced the close of its Carlyle Asia Partners III buyout fund at $2.55 billion, over 40% larger than the preceding $1.8 billion Carlyle Asia Partners II fund, though still below the $4 billion target that CAP III launched with...
Capacity limits in AsiaPac?
A blast from the (recent) past blew in from the US last week, with the news that US investment group Fraser Sullivan had issued the first collateralized loan obligation (CLO) from a major financial house in over a year.
Investindustrial brings Euro mid-market to Shanghai
Investindustrial Group, a Milan-headquartered mid-market buyout firm with over $2.6 billion under management and offices in Spain, Luxembourg, the UK and Switzerland, has announced the opening of an Asia Pacific headquarters in Shanghai.
Investec Wentworth FOF moves from wine to wires
Australian mid-market firm Investec Wentworth Private Equity, part of the Investec group, has repositioned its First Opportunity Fund (FOF), an ASX-listed vehicle hitherto known as the First Wine Fund, as a backdoor listing platform for unlisted wholesale...
New recruit Chang expands Colony beyond real estate
The recent engagement of Justin Chang by $39 billion real estate-focused group Colony Capital is one of the latest milestones in the firm’s move out of its traditional real estate focus into broader corporate private equity investment.
JinkoSolar relaunches IPO
JinkoSolar Holding Co., a Shanghai-headquartered manufacturer of photovoltaic solar cell products originally invested by Pitango Venture Capital, Shenzhen Capital Group, and China Israel Value Capital, has refiled for its NYSE IPO after postponing this...
China's NSSF plans to back five funds
Dai Xianglong, President of the National Council for Social Security Fund, China's $130 billion state LP, has said publicly that the fund has selected five private funds to invest in, with commitments of up to $870 million-1 billion each.
Ryan to co-lead Goldman Sachs Asia, Asuke steps down in Japan
Goldman Sachs has appointed Singapore-based partner David Ryan as its new co-head of investment banking for Asia ex-Japan, succeeding Ravi Sinha, who is retiring as a partner, while Goldman Japan chairman Akio Asuke will also step down in June.
Sequoia invests PRC blood glucose business
Sequoia Capital has led a $10.25 million Series A investment round into Beijing YiCheng Bioelectronics Technology Co. Ltd., a blood glucose monitoring system manufacturer.
CITIC PE launches USD fund
CITIC Private Equity Funds Management – a separate entity to CITIC Capital Partners – is launching a dollar-denominated private equity fund, following the success of fundraising for its debut RMB vehicle, the RMB9 billion ($1.32 billion) CITIC Mianyang...
IFC supports Aavishkaar Goodwell
The International Finance Corporation (IFC), the private investment arm of the World Bank, has made its latest commitment to India's microfinance space with a $15 million investment in Aavishkaar Goodwell India Microfinance Development Company Ltd., a...
Saban Capital, Lionsgate form Tiger Gate JV
Saban Capital Group, a leading US media and communications investment firm, has partnered with US studio Lionsgate to operate Tiger Gate, the new Asian-focused martial arts, action and horror pay-TV distributor and operator.
Church Pension transfers Ranasinghe from NY to HK
The Church Pension Fund, one of the few US institutional LPs with an office in Asia, has transferred Sajith Ranasinghe, Senior Associate, from the fund's New York office to Hong Kong.
GIC, Olympus investee China Minzhong boosts SGX PRC IPOs
Government of Singapore Investment Corporation (GIC) and Olympus Capital investee China Minzhong, a PRC vegetable producer and processor, is planning an S$237 million ($170 million) IPO in Singapore's biggest China listing since the GFC broke.
Denham invests Trans-Tasman
Leading US specialist mining, energy and commodities investor Denham Capital Management has committed an unconfirmed amount for a 48% stake in New Zealand's Trans-Tasman Resources Ltd (TTR), a company focused on developing seabed iron sands deposits...
Temasek closes GMR at $200 million
Singapore SWF Temasek Holdings has finally agreed its investment in India's GMR Energy at some $200 million, lower than the $354 million predicted recently.
Apax may pick up ICICI Metropolis stake
London-headquartered private equity group Apax Partners is emerging as the probable buyer of the 25% stake in India's Metropolis Healthcare held by ICICI Venture, for a probable deal value of around $45 million.
Clearwater ups Diamond Power stake in India
Clearwater Capital Partners has taken a larger stake in Indian power transmission and services company Diamond Power Infrastructure Equipment with a 2.2% secondary market purchase for around $2.25 million, taking its total holding to some 13.77%.
Summit Partners invests Krishidhan Seeds
Summit Partners, a long-established Boston-headquartered growth capital investor, has announced a $30 million minority investment into Krishidhan Seeds Ltd. (KSL), claimed to be one of the Subcontinent's top five seeds businesses, with strong commitment...
Citi's Sen cancels move to KKR
Abhijit Sen, CFO and CAO of Citi India, has apparently decided to stay at his post, after announcements earlier this month that he was moving to Kohlberg Kravis Roberts India as its new local CFO.
New Silk Route may take Temasek, Kotak, New Vernon out of INX
New Silk Route Partners has begun talks with fellow investors in India's struggling INX Media, Temasek Holdings, Kotak Private Equity and New Vernon Private Equity, to buy them out of the business.