Articles by Paul Mackintosh
IDG India invests iCreate
IDG Ventures India has made a $3.23 million Series A round VC investment in iCreate Software, a Bangalore business intelligence software company.
Jain leaves IIF
Ajay Jain, one of the founding principals at IDFC Project Equity's $927 million India Infrastructure Fund, is leaving the firm to head the Indian infrastructure initiative of an unnamed US company.
Religare's Chakraborty leaves for Oman's Kitara Capital
Amitabh Chakraborty, formerly head of equity research at Religare Securities, has reportedly quit the leading Indian brokerage to join Kitara Capital, an arm of the Sultanate of Oman’s Ajit Khimji Group, as MD and CIO.
NAB invests WOW
National Australia Bank Integrated Capital Solutions, NAB’s private equity unit, has invested a substantial, though undisclosed, amount in WOW Sight & Sound, a Queensland-based electronics and AV retailer.
Ashurst appoints Moroz, Davies for Asian funds
London-headquartered international law firm Ashurst LLP has made two private equity-related appointments for Asia, with the appointment of Dean Moroz and Mark Davies as Counsels in Hong Kong and Singapore respectively.
CVC AP, MBK may be in Korea Pru bid
Pan-regional private equity funds CVC Asia Pacific and MBK Partners reportedly may be among the four or five shortlisted bidders for Prudential Asset Management and Prudential Investment & Securities, the Korean units of Prudential Financial Inc. now...
Unitas exits Buy The Way – to Lotte
Unitas Capital’s much-discussed auction of its flagship Korean retail investment, convenience store chain Buy The Way, has been agreed – with the inking of a sale contract to local retail conglomerate Lotte Group for around KRW275 billion ($238 million)....
A wining alternative?
One of the more unusual alternative investment fund propositions to have emerged lately is the Lunzer Wine Fund launched by the UK’s Lunzer Wine Investments, and now marketing in Asia Pacific.
Sovereign risk overtakes sovereign wealth?
As the echoes of President Barack Obama’s thunderbolt against the banks, hedge funds and private equity continue to reverberate around financial circles, greater uncertainty – rather than certain doom – seems to be about to rain down on us.
WI Harper leads Jiangsu glass fiber round
WI Harper Group has led the first institutional round of investment into Jiangsu Chuangzhou CTC Technical Fabrics, a PRC glass fiber manufacturer, for an undisclosed amount.
First Eastern launching Dubai fund
Victor Chu’s First Eastern Investment Group is planning a $250 million private equity fund to focus on investments in Dubai, aiming to assist local businesses starved of capital since the Gulf economy’s sudden collapse.
Pan-Asian Industry Reviews
AVCJ's series of topical pan-Asian industry reviews provides an independent overview of the private equity, venture capital and M&A activities in the Asia region. The annual reviews include the latest statistics and analysis by AVCJ's experienced research...
AVCJ Asian Private Equity Barometer sees sustained Asia Pacific recovery in 2009
The latest Asian Private Equity Barometer shows the recovery in Asia Pacific private equity investment observed over the first quarter of 2009 continuing and consolidating into 2Q09.
Risks and rewards for 2010
The year ahead is already being keenly talked over – and up – as investors and financial/commercial figures watch for indicators of what direction the global economy is going to take as it exits the past year’s dead zone.
AVCJ Asian Private Equity Barometer sees some slowdown in Asia Pacific third quarter 2009
The latest Asian Private Equity Barometer shows the recovery in Asia Pacific private equity investment seen over the last two quarters losing some momentum. Private equity investment regionwide in 3Q09 fell to US$8.8 billion, down from $12.1 billion in...
Sequoia said investing India's Via
Sequoia Capital India has reportedly made a $10 million investment in Indian B2B online travel site Via, previously invested in by NEA-IndoUS Ventures.
Starfish, Innovation back Australia's Audinate
Australian VCs Starfish Capital and Innovation Capital have led a A$4 million ($3.6 million) new funding round for their investee Audinate Pty Ltd., a digital networking solutions developer.
Insight invests Six Waves for Facebook
New York-headquartered VC Insight Venture Partners has sought to tap Facebook’s popularity by investing $17.5 million in Six Waves Inc. (otherwise known as ‘6 waves, a Hong Kong-based company that has developed a sheaf of products and games based on the...
T. Rowe Price takes UTI Asset stake
Baltimore-headquartered $366.2 billion mutual fund giant T. Rowe Price Group has picked up 26% of UTI Asset Management, India’s fourth largest asset manager, and UTI Trustee Company for $142.4 million, making it the company’s single largest shareholder....
Istithmar's Jackson resigns
David Jackson, hitherto CEO of Dubai World investment division Istithmar World, has stepped down, with Istithmar CIO Andy Watson taking his place.
Tiger Airways flies in strong IPO
Singapore-based budget carrier Tiger Airways had a successful IPO on the Singapore Stock Exchange, raising around S$247.7 million ($178 million) by listing some 30% of its shares, to fund its expansion plans, and to reimburse investors Indigo Partners,...
Leopard launches Sri Lanka vehicles
Leopard Capital has followed the $34.1 million final close of its Leopard Cambodia Fund with the announcement that subsidiary Leopard Capital Sri Lanka Ltd. plans to start fundraising for two new local funds, the Leopard Sri Lanka Fund for private equity,...
Cohen at the gates of the China Club
One of the iconic figures of private equity’s LBO glory days in the 1980s, and co-star of Barbarians At The Gates, Peter A. Cohen, former chairman and CEO of Shearson Lehman Hutton, was in Hong Kong this week on behalf of his new firm, Cowen Group, and...