Articles by Paul Mackintosh
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....
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.
3i announces $182 million GVK Energy investment
3i Group has announced a $182 million investment from its 3i India Infrastructure Fund as leader in a total RS1200 crore ($260 million) funding round for GVK Energy Ltd., a subsidiary of leading Indian infrastructure developer GVK Power and Infrastructure...
Infinity makes latest push in Tianjin with life science fund, accelerator
In its latest move, Infinity Group, the Israel-originated PRC-focused investor, has announced a new life sciences fund and business accelerator platform in Tianjin, collectively accounting for RMB220 million ($33 million).
Partners Capital to open in Hong Kong
Partners Capital, which describes itself as a private investment office serving endowments, foundations, HNW individuals and investment professionals across asset classes, is opening an office in Hong Kong, the company confirmed to AVCJ.
CDC may resume direct investment strategy
UK development investor CDC has confirmed to AVCJ that it may resume direct investment and co-investment strategies alongside its current private equity fund of funds approaches, following comments by UK Secretary of State for International Development...
Ong leaves SEASAF for CIMB Investment Bank
Adrian Ong, most recently Head of the Islamic Infrastructure Fund for the advisor of the CIMB Group/Standard Bank JV, the South East Asian Strategic Assets Fund (SEASAF), has left the firm and joined CIMB Investment Bank as Head of Regional Mergers and...
Entropy closes first cleantech fund
Entropy Ventures, a Hong Kong-headquartered cleantech investment firm, has closed its first fund, the Amadeus Asian Clean Energy Fund, at $56.8 million, the firm confirmed to AVCJ.
Bellevue latest buy for Lazard Carnegie Wylie Oz pub fund
The Bellevue Hotel, a landmark old-style pub in Sydney's Paddington eastern suburb, in business since the 1880s, has become the latest investment for the A$100 million ($91 million) Lazard Carnegie Wylie Private Equity Distressed Fund, according to Australian...
Australia's Ten Network chairman to step down after abortive Hellman & Friedman MBO: reports
Nick Falloon, the executive chairman of Australia's Ten Network, has offered to step down following a share raid by James Packer and Lachlan Murdoch that secured 18% of the company in the wake of a rumored privatization plan by Falloon and US PE firm...
KKR says China Growth Fund on course for $1 billion hard cap
Kohlberg Kravis Roberts & Co. (KKR) has announced a $700 million first close on its KKR China Growth Fund to date, and is on track to close at its $1 billion hard cap, the firm revealed in the course of its latest 3Q10 earnings call.
Helion, Accel invest $2.8 million in Indian fashion site Exclusively.In
Accel Partners India and Helion Venture Partners have jointly invested $2.8 million into Indian membership-only fashion, jewelry, home decor and travel web destination Exclusively.In, in the company's first institutional and angel round of funding, according...
Hopu principals retiring, diverging: reports
Despite the firm's earlier denials to AVCJ, Hopu Investment Management may in fact be in the process of spinning out its present investments and looks to be on track to dissolve its current vehicle as founders Fang Fenglei and Richard Ong pursue separate...
Mezzanine Q&A: Joseph W. Ferrigno III
The Managing Partner at AMCG Investors talks about mezzanine after the crisis, new opportunities for deal flow, and why LPs should be looking to the asset class as a means of diversification.
Returns, the second time around
With the global private equity debate still dominated by the $400 billion+ overhang of capital seeking a home, some 10% of it in Asia Pacific, expectations have been building of a new spate of secondary buyout deals that would put more of this capital...