Articles by Paul Mackintosh
Goldman gets Max India
Goldman Sachs direct investment unit Goldman Sachs Capital Partners has won out over reported interest from Kohlberg Kravis Roberts & Co. in the acquisition of Indian healthcare and insurance provider Max India Ltd.
Riding the tiger in 2010?
The year ahead could offer peril as well as promise.
2009: crisis what crisis?
The year 2009 in retrospect seems to be finishing on a higher note than the deep gloom and fear of end 2008.
The KY Tang Top Ten for 2009
KY Tang’s Top Ten list for the year ahead has become an institution at the AVCJ Private Equity & Venture Forums – and beyond.
That was the year that wasn't?
Another year gone – unlike any other.
Future Fund may join CPP IB, OTPP on Transurban
Australian SWF the Future Fund has announced that it is in discussions with North American institutional investors Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan over potentially joining their bid for local toll road operator...
Youku Series E nets $40 million
A Series E fundraising round for Chinese online video site Youku.com has raised around $40 million in its first tranche, with Chengwei Ventures leading fellow repeat investors Brookside Capital, Maverick Capital and Sutter Hill Ventures.
SAIF, Manitou list MOBI
SAIF Partners and Manitou Ventures investee MOBI Development Co. Ltd., a PRC radio antenna and base station manufacturer, has listed in Hong Kong.
CIC may double up funds
PRC SWF the China Investment Corporation (CIC) reportedly may be due to receive a follow-on investment from PRC authorities roughly equal to the $200 billion it launched with in 2007.
Australia tax office may hit investments
The Australian Tax Office has made a draft determination stating that in some cases profits from the disposal of assets by private equity firms can be classed as taxable income.
Quam creates Xi'An JV RMB VC fund
Hong Kong-headquartered financial services group Quam Ltd. has signed a framework agreement with official investment agencies in Xi’An, Shaanxi province, to create an RMB venture capital fund for local investment.
KKR may go to the Max
Kohlberg Kravis Roberts & Co. reportedly may commit up to $117 million into Max India Group, the investment holding company of healthcare and insurance entrepreneur Analjit Singh.
Extream launches Singapore VC fund
Singapore-headquartered early stage VC firm Extream Ventures has launched its new Extream Venture Fund I at S$20 million ($14.2 million), after receiving commitments from Georgieff Capital in Germany and ART Texas Capital in the US.
China Pacific raises $3.1 billion as Hopu anchors Carlyle exit
The Hong Kong IPO of China Pacific Insurance raised $3.1 billion in the world’s seventh largest listing of 2009, securing roughly a 5x profit for the Carlyle Group on its total investment of around $800 million between 2005 and 2007.
Actis to lose Branigan in Singapore
Actis’s Singapore-based Partner and Southeast Asia head Alun Branigan is reportedly due to leave the firm by end 2009, his future destination unknown.
CalPERS supports placement lobbyist status
The board of US LP giant the California Public Employees' Retirement System (CalPERS) has voted to back draft California state legislation compelling placement agents seeking business from public pension funds to register as lobbyists.
GOME ex-CEO charged
Huang Guangyu, the founder and former CEO of Bain Capital investee GOME Electrical Appliances Holding Ltd., one of China’s largest electronics retailers, has finally officially been charged with bribery and insider trading.
China giants put their best fund forward
Amid unparalleled interest in the evolution of China’s domestic private equity environment, two major PRC financial institutions have announced progress in forming their own private equity funds.
Intel re-ups Asia
Intel Capital has reaffirmed its commitment to development of tech companies in Asia, with four new financings in Taiwan, Korea, Japan and China, out of seven recent deals made globally by the multinational corporation’s venture investment unit.
ILPA principles are emerging winners
Leading development finance institutions have lined up to endorse the Private Equity Principles recently promulgated by the Institutional Limited Partners Association (ILPA) – a strong signal for GPs and advisors across Asia Pacific that the principles...
CalPERS commits to SAIF
Leading US LP the California Public Employees' Retirement System (CalPERS) has reportedly agreed to commit $120 million to SAIF Partners IV, the new fund being raised by SAIF Partners for growth capital and late-stage VC investments in China and India....
GIC takes a Springer with EQT
Singapore SWF the Government of Singapore Investment Corp. has done its first-ever co-investment deal in Europe, in partnership with Sweden’s EQT Partners AB, in the €2.3 billion ($3.4 billion) secondary buyout of German academic publisher Springer Science+Business...
Cordiant to manage new Infrastructure Crisis Debt Pool
Montreal-based emerging markets specialist Cordiant Capital Inc, has been selected from a competitive pool of financial institutions worldwide to manage the new Infrastructure Crisis Facility Debt Pool created at the World Bank Group AGM in October.
Berkeley raises $74.3 million for renewables
Specialist energy Berkeley Energy has had a first close of their Renewable Energy Asia Fund at €50.7 million ($74.3 million), which plans to invest in renewable energy projects in India and other markets across developing Asia.