Articles by Paul Mackintosh
Oz Supers lead merger trend
In what is likely to be the first of a series of mergers between Australian superannuation funds, First State Super and Health Super have announced plans to merge, creating a combined entity with some A$28 billion ($27.5 billion) under management and...
India private equity: taking up the challenge
With the immediate GFC fast receding, India continues to enjoy on-target GDP growth of around 8.5%, according to the Ministry of Finance.
India emergent
Whether you follow US President Barack Obama’s line that India has already emerged or not, there is no doubt that Asia’s other great continental economy is now being viewed internationally as one of the key pivots in the great transfer of macroeconomic...
Carlyle, Accel invest OzForex
The Carlyle Group and Accel Partners have made a joint investment into OzForex Group, an Australian-originated online foreign exchange payments platform, for an undisclosed amount, seeking to support the company's expansion into Asian and Western markets....
H&Q Korea completes divestment of NPS-sponsored Fund I
H&Q Korea has completed the full divestment of its first domestic Korean fund, the H&Q NPS Private Equity Fund I (PEF I), which closed in October 2005 at KRW300 billion ($293 million), with the sale of its last portfolio company, KSNET, a leading payments...
Ariston confirms new infrastructure fund
Indian financial services group Ariston Capital Services Pvt. Ltd. has confirmed the launch of its new infrastructure fund, the Ariston IET Infrastructure Fund 1, targeting INR 1,200 crore ($265 million) with a greenshoe option of INR300 crore ($66 million)....
Resource Capital Funds invests Oz Murchison Metals
Colorado- and Perth-based mining-focused PE firm Resource Capital Funds is investing $100 million in ASX-listed Murchison Metals Ltd., an iron ore mining and exporting company, to support feasibility studies for iron ore mining and export infrastructure...
Wilshire Private Markets appoints Gary Gabriel from Future Fund as Managing Director for Asia Pacific
Wilshire Associates private equity division Wilshire Private Markets has appointed Gary Gabriel, formerly Head of Private Markets at Australia's Future Fund, as MD, responsible for the Asia Pacific region and for heading up its Canberra office.
ADB to invest $20 million in AmInvestment's Asia Water Fund
The Asian Development Bank (ADB) has announced that it will be committing $20 million to the Asia Water Fund, a vehicle backed by AmInvestment Group of Malaysia targeting investments into water and wastewater assets in mainland China and Southeast Asia....
Paul Calello, Credit Suisse Investment Bank Chairman, dies at 49
Paul Calello, Chairman of the Investment Bank of Credit Suisse and the former CEO of Credit Suisse in Asia Pacific, died in New York of non-Hodgkin’s Lymphoma on Tuesday, November 16th. He was 49.
First State Super, Health Super to create one of Australia's top five superannuation funds through merger
Australian superannuation funds First State Super and Health Super have announced their intention to merge, creating a combined entity with some A$28 billion ($27.5 billion) under management and 750,000 contributing members.
Kobre & Kim opens in Hong Kong for international litigation, fund and regulatory practice
US law firm Kobre & Kim LLP, which focuses on litigation, arbitration and investigations, has announced the opening of its first Asian office, in Hong Kong, to be led by William McVovern, a former Executive Director at Morgan Stanley in Hong Kong and...
New BCG/IESE study sees emerging markets "come of age" as returns improve
A new joint study released by the Boston Consulting Group and the IESE Business School, based on analysis of data from the International Finance Corporation (IFC), has highlighted the increasingly strengthening returns from private equity in emerging...
Future of Carrefour Singapore, Malaysia sales process unclear, with Navis out
Following the sale of its Thai assets to French competitor Groupe Casino, French retail giant Carrefour has reportedly put the sales of its Singapore and Malaysia supermarkets on hold for the present, with AVCJ sources suggesting that Navis Capital Partners,...
Carlyle not participating in Matahari Hypermart process
The Carlyle Group will not be participating in the next phases of Indonesian retail major Matahari's auction of its Hypermart branch, which could be worth up to $1 billion, AVCJ sources confirmed.
Singapore's Wego gets Series B round from Tiger
The operating company of Singapore-based travel search engine Wego.com has completed a Series B funding round led by Tiger Global Management, coming as it merges with Indian travel site HolidayIQ.com, according to an announcement.
Broad sunlit uplands?
The annual Asian gathering of all the best and brightest in the region’s private equity concluded with an upbeat mood that few would have predicted the same time a year ago.
WL Ross confirms resignation of MD Ranjeet Nabha
WL Ross & Co. has confirmed to AVCJ that Managing Director and CEO Ranjeet Nabha, who headed the firm's Indian operations, has resigned, with no successor yet chosen.
Partners Group opens in Korea under Cho
Leading global private markets asset manager Partners Group has announced the opening of an office in Seoul, to be led by Alex Cho, Head of Korea and hitherto a Senior VP with the firm's Investment Solutions department.
Port of Brisbane goes for $2.3 billion
In the latest big infrastructure deal to come out of Australia, Q Port Holdings, a consortium comprising Australia’s Industry Funds Management (IFM), funds managed by the Queensland Investment Corporation (QIC), US infrastructure firm Global Infrastructure...
AVCJ India Awards finalists showcase talent, promise
The finalists for the first-ever AVCJ Indian Private Equity & Venture Capital Awards showcase some of the Indian industry’s best achievements and leading names.
AVCJ Forum India panel highlights growth, early days
The India panel at this year’s AVCJ Forum in Hong Kong highlighted both the Indian private equity market’s potential and its nascent status, in a debate conducted by Anil Ahuja, Head of Asia for 3i, Harjit Bhatia, Chairman and CEO of Asia Growth Capital...
3i half-year results highlight Asia macro strength, but see little investment, divestment
3i Group's half-year results to Sept 30th 2010, just released, highlighted the contribution of Asian markets and companies to the UK listed private equity leader's gross portfolio return of 8.7% and a 3.8% return on opening shareholders' equity, but showed...
23rd Annual AVCJ Forum Attracts 1,000 of the Industry's Leading Names and Faces
Today marked the close of the successful 23rd annual AVCJ Private Equity and Venture Capital Forum 2010, showcasing Asia's position as the leading destination for international capital, and attended by 1,000 industry professionals from 31 countries, including...