Articles by Paul Mackintosh
ICICI Venture exiting Metro Healthcare
ICICI Venture is in the process of exiting its 2006-vintage investment medical diagnostics lab group Metropolis Healthcare, but has yet to fix on a preferred buyer for its 25% stake, according to reports.
CNEI closes ahead at $255 million
China-focused growth capital private equity firm China New Enterprise Investment (CNEI) has announced the final close of its second fund,CNEI Fund II, oversubscribed at $255 million, and just above its original $250 million target.
Shanghai to unveil RMP LP plan
A flurry of reports around an ‘official’ Shanghai announcement of a “Trial Plan for the Participation of Foreign Investment in Renminbi Investment Funds” suggested that Shanghai was cementing its status as the destination of choice for foreign GPs and...
Future Fund exit upsets Transurban bid
One of Australia’s biggest uncompleted deals, the Canada Pension Plan Investment Board (CPP IB) and Ontario Teachers' Pension Plan (OTPP)’s joint A$6.8 billion ($6.2 billion) planned investment in local toll road operator Transurban Group, was cast into...
Dance till the music stops?
As this week’s news demonstrates, more large deals are coming to market in what looks like a great spring for private equity deals across the region.
Aditya Birla announces Fund I close
Aditya Birla Capital Advisors has announced the close of its first fund, Fund I, at some Rs.800 crore ($176 million).
LeapFrog targets India microinsurance
LeapFrog Investments, a firm focusing on microinsurance for the world's poor, has just closed a $110 million fund for investment in microinsurance businesses in Asia and Africa, with around a $30 million allocation to India.
Carlyle makes first Saudi investment
The Carlyle Group has made its first investment in Saudi Arabia with a 30% stake in the country's General Lighting Co., its largest lighting fixture manufacturer.
Pacific Road invests Oz Carbon Energy
Australian private equity firm Pacific Road Capital Management will reportedly pick up a 10% stake in locally-listed coal gasification business Carbon Energy from the national Commonwealth Scientific and Industrial Research Organisation (CSIRO).
Shanghai RMB LP plan reported
Reports in PRC media indicate the launch of a “Trial Plan for the Participation of Foreign Investment in Renminbi Investment Funds” to be floated in the Pudong New Area of Shanghai, authorized after an executive meeting of the Shanghai municipal government....
CNEI Fund II closes ahead at $255 million
China-focused growth capital private equity firm China New Enterprise Investment (CNEI) has announced the final close of its second fund, CNEI Fund II, oversubscribed at $255 million, ahead of its original $250 million target.
Templeton invests Indian oil/gas services
Templeton Strategic Emerging Markets Fund III, a fund of Templeton Asset Management, has announced a $20.6 million investment into India's Shiv-Vani Oil & Gas Exploration Services Ltd.
CVC AP Matahari deal approved after regulatory delay
CVC Asia Pacific's planned $773 million investment into Indonesian retail chain Matahari has been approved at a shareholder meeting, after regulators initially asked for the vote to be delayed.
NZ Infratil, Super Fund buy Shell NZ assets
Infratil, a major New Zealand listed infrastructure investor, and New Zealand's NZ Superannuation Fund have announced the $490 million joint acquisition of the downstream assets in New Zealand of Dutch petroleum giant Shell.
Ascent recruits Kondur as director
Ascent Capital Advisors India, the former UTI Venture, has recruited Raj P. Kondur, who co-founded ChrysCapital with Ashish Dhawan in 1999, as a director.
Orchard moves to KPMG from 3i
Dominic Orchard, formerly a Director with 3i Group in Asia Pacific, has now moved to KPMG in Hong Kong, where he takes on a Director role.
3i debuts new growth fund
3i Group has launched its new growth capital fund at GBP1.1 billion ($1.6 billion) of assets under management, with $533 million provided by third-party investors - the first time 3i has funded a growth vehicle externally rather than exclusively from...
Goldman-backed bid for Malaysia's KNM unresolved
A $1.08 billion MBO for Malaysian oil and gas services company KNM Group by a consortium backed by Goldman Sachs's private equity arm has passed a due diligence deadline without a firm offer.
Ex-Goldman Hu may skip PE for PBOC
According to Chinese media reports, Dr Fred Hu, the former Managing Director and Chairman of Greater China at Goldman Sachs who recently retired from his post after only two years, may skip his reported plans for an independent private equity fund and...
Future Fund nixes Transurban role
Australia's SWF the Future Fund has terminated discussions to join the Canada Pension Plan Investment Board (CPP IB) and Ontario Teachers' Pension Plan (OTPP) in their $4.5 billion planned investment in local toll road operator Transurban Group.
Saigon AM gets new CIO
Saigon Asset Management, the leading Vietnam investor, has announced the appointment of Michael Kokalari as its new CIO and deputy CEO, to replace Hoang Ngueyn, who becomes Senior Advisor.
Unitius recruits ex-Morgan Stanley, UBS leads
Unitius Capital, a financial advisory business that focuses on capital sourcing for microfinance and other socially-focused operations, has recruited former Morgan Stanley India CEO and Country Head Narayan Ramachandran as its new co-chairman, as well...
Lazard Carnegie Wylie starts Oz pub fund
Lazard Carnegie Wylie Private Equity has announced the formation of an A$100 million ($91 million) fund to buy Australian distressed pubs, hotels and similar hospitality assets.
Wilshire woes
Dennis Tito, founder of Wilshire Associates, reportedly paid at least $12 million and possibly up to $20 million for an eight-day stay in orbit at the International Space Station and in transit, courtesy of MirCorp.