Articles by Paul Mackintosh
ANZ, Hana squareoff over KEB confirmed
Sources close to the process confirmed to AVCJ that Australia and New Zealand Banking Group (ANZ) is still engaged in due diligence for the full 57.27% stake in Korea Exchange Bank (KEB) held by Lone Star Funds and the Export Import Bank of Korea, and...
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...
Permira completes ABS deal
Permira has announced the successful completion of its acquisition of the holding company for Asia Broadcast Satellite, along with the ABS management team, giving existing PE investors CVC International, CVC International Co-Investment, and ADM Capital...
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 Hyva talks with Chongqing Machinery confirmed, Unitas probable
Sources close to the process have confirmed to AVCJ that 3i Group is in discussion with PRC strategic player Chongqing Machinery & Electric Company regarding the potential purchase of its portfolio asset Hyva, a Dutch hydraulic cylinder maker, which could...
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...
Temasek to take up BofA option of CCB rights issue
Temasek Holdings has confirmed that it will be taking up rights to just over 1.79 billion shares in China Construction Bank currently held by Bank of America (BofA), as the major PRC lender prepares for an RMB61.7 billion ($9.3 billion) rights issue....
ANZ and Lone Star ending diligence, start pricing talks on KEB: reports
Australia and New Zealand Banking Group, the leading remaining contender for Lone Star Funds' controlling state in Korea Exchange Bank (KEB) has predominantly completed its due diligence on the asset and begun discussions on pricing with Lone Star, targeting...
NTT VC arm invests US EnglishCentral for Japanese English
NTT Investment Partners, the VC arm of NTT, Japan’s largest telecom company, will invest $1 million in US language education company EnglishCentral, to help Japanese people strengthen their English language skills.
Obama announces OPIC investment in South Asia Clean Energy Fund
During an official visit to India, US President Barack Obama announced a $100 million commitment from US policy investor the Overseas Private Investment Corporation (OPIC) to the $300 million South Asia Clean Energy Fund, managed by the Global Environment...
GOME reaches understanding with Huang
The board of Bain Capital investee GOME Electrical Appliances Holdings Limited has announced an MOU with Shinning Crown Holdings, its largest shareholder group representing interests allied to jailed founder Huang Guangyu, whereby two new directors, including...
AVCJ Forum 2010 begins with LP, PE Leaders Summits
The 23rd Annual AVCJ Forum 2010, Asia’s Private Equity Week, kicked off in Hong Kong’s Four Seasons today.
Hopu reaches its end
Following earlier reports last month (soon denied) that Hopu Investment Management was to break up without seeking to raise a second fund, the $2.5 billion China-linked private equity and multi-strategy investment firm now indeed appears to be heading...
Murdoch, Packer stop Hellman & Friedman Ten bid
In a piece of corporate high drama as engaging as any episode of Bondi Rescue or its other major shows, Australia’s Ten Network saw media magnates James Packer and Lachlan Murdoch take up a joint 18% blocking stake in its parent Ten Holdings to head off...
LPs see their money bloom?
As a momentous year for private equity draws to a close against a background of secular macroeconomic shifts in the global balance of power and lasting regulatory change for the industry, one group’s reactions to the GFC aftermath and expectations for...
The shape of the future?
As Asia Pacific private equity begins its biggest public event of the year, it also has seen the apparent eclipse of one of its stars.
TPG wins Firm of the Year, Bonderman receives Lifetime Achievement honor at 2010 AVCJ Awards
At the 10th AVCJ Asian Private Equity & Venture Capital Awards, presented this evening in an exclusive invitation-only ceremony in Hong Kong, a strong lineup was honored in a total of nine categories, with TPG Capital walking away with three Awards.
Temasek makes Gazillion investment for online Lego MMO
Temasek Holdings is leading a $60 million investment round into Gazillion Entertainment, a leading US developer and publisher of massively multiplayer online (MMO) games including LEGO Universe and Marvel Universe.