Articles by Paul Mackintosh
Adams Street Nicum hire may mean India tilt
Adams Street Partners has hired former Coller Capital principal Pinal Nicum as a Partner with its London-based secondary team.
Axis spinout may set trend in India
Axis Private Equity, led by MD and CEO Alok Gupta, has confirmed earlier Indian media reports that it is planning to spin out of backer and parent Axis Bank, by buying out its stake in the business.
Dubai Asian asset exits may attract private equity
Dubai government-linked investment funds are shedding some of their Asian assets, with Emaar Properties reportedly hiring Singapore's DBS Bank to sell local sports retailer RSH Holdings, owner of the Royal Sporting House chain, valued at around $164 million....
Temasek plans new public markets vehicle Seatown
Singapore SWF Temasek Holdings has reportedly registered a new multi-strategy hedge fund-like investment company, Seatown Holdings International, to invest in securities from stocks to bonds and target absolute returns.
Clarity raising second China fund
Beverly Hills-headquartered private equity group Clarity Partners is reportedly seeking to raise its second China fund, targeting some $650 million.
Daniel joins Accel in India
Anand Daniel, previously a senior associate with Boston-headquartered early stage VC Flybridge Capital Partners, has joined Accel Partners as a principal in the firm's Bangalore office.
Quadrangle has Asian debut with Indian towers
Quadrangle Group, the $6 billion Wall Street media and communications private investment firm founded by former Lazard Frères star Steve Rattner, has made its first Asian deal through its Quadrangle Capital Partners private equity arm, leading a significant...
GS Retail goes to Lotte, not private equity
South Korean discount and department store group GS Retail is reportedly being acquired by Lotte Group for some $1.2 billion – not by Kohlberg Kravis Roberts & Co. or the other private equity group reportedly involved in bidding for the asset.
CIC states US public position
The PRC’s $300 billion SWF giant the China Investment Corporation (CIC) has disclosed its $9.63 billion of public markets positions in US businesses through a filing with the US Securities and Exchange Commission, while reiterating its preference to avoid...
Founder Institute opens in Singapore
The Founder Institute, an entrepreneurship program started by other entrepreneurs and backed in Singapore by Battle Ventures and Ascendas iAxil, has opened in Singapore and is accepting its first applications for trainees.
Oz media rebates may help PE investees
Rebates announced by the Australian government for the next two years on the license fees that commercial free-to-air broadcasters pay to the state may prove a lifeline to hard-pressed private equity investors in the sector. Australia’s channels Seven,...
Affinity not raising new fund
Notwithstanding earlier incorrect media reports, leading independent regional buyout firm Affinity Equity Partners has no plans to start raising a new fund this year.
Istithmar exits SpiceJet at loss
Dubai investment group Istithmar has sold all of its 13.4% stake in Indian budget carrier SpiceJet, reportedly at a loss of $7.2 million on the final sale price of $37 million.
LMS cites Asia interest
London-listed growth capital and low-to-mid-cap buyout investor LMS Capital has expressed interest in deals in China and India.
JPMorgan closes $858.6 million Asia infra fund
JPMorgan Asset Management has announced the close of its JPMorgan Asian Infrastructure & Related Resources Opportunity Fund at $858.6 million.
TPG hires Kapur for India consumers
TPG Capital has announced the hire of Gunender Kapur, previously President and CEO of the foods division of Reliance Retail, as a senior advisor on the Indian retail and consumer space.
Bain, KKR, TPG may get CICC from MS
Bain Capital, Kohlberg Kravis Roberts & Co. and TPG Capital are reportedly on the shortlist for the final round of bidding for Morgan Stanley’s $1 billion+ stake in PRC investment bank China International Capital Corp. (CICC).
Korea's NPS goes to Gatwick
The National Pension Service, South Korea’s $236 billion SWF, has reportedly announced plans to buy 12% of the UK’s Gatwick Airport from current owner Global Infrastructure Partners, in a secondary transaction estimated at some $155 million.
Axiom closes Fund II ahead on $950 million
Singapore-headquartered independent fund of funds Axiom Asia Private Capital has delivered major corroboration for those who hoped that 2010 would see a rebound in private equity fundraising.
Guthrie leaves Providence
The Asia Pacific operation of Providence Equity Partners has seen another high-level departure, as Michelle Guthrie, Managing Director at the Hong Kong office of the leading media and telecoms investor, leaves the firm, destination unknown.
New alignments, new businesses
New regulations and new fund realignments look set to push more private equity activity to Asia.
Apollo gets hold of Holdfast
Leading Wall Street alternatives giant Apollo Global Management is taking on board Grant Kelley and the entire team of his own real estate platform Holdfast Capital, as part of creating a new Asian entity, Apollo Global Real Estate Management, Asia Pacific...
Affinity Loscam IPO gathers speed
Affinity Equity Partners Australian investee Loscam, a pallet supplier, has reportedly appointed Credit Suisse and Deutsche Bank as advisors for its planned ASX IPO, which could reach up to A$800 million ($720 million).
Actis may exit troubled Nilgiri stake
Emerging markets specialist Actis may reportedly be about to exit its troubled 65% stake in India’s Nilgiri Dairy Farm group after reaching litigation with the company’s founding Mudaliar family, who still hold a 35% stake in the business.