Articles by Paul Mackintosh
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...
Asian funds: arithmetic or geometry?
Private equity has been forced to deal with rising levels of skepticism and caution post the GFC, with much of it reserved for leading industry brand names – generally the major buyout vehicles.
Tectonic shift toward Asia Pacific?
It's that time again: another year for Asia Pacific private equity brings round another fixture in the region’s industry calendar – the AVCJ Asia Pacific Private Equity & Venture Forum.
Mandhana appointed as IDFC PE Managing Partner
IDFC has announced the appointment of Satish Mandhana, formerly Managing Director with IDFC Private Equity, as Managing Partner and head of the firm, succeeding Luis Miranda, who will now step down to be non-executive chairman of IDFC PE.
CVC appoints Chan as senior advisor on financial institutions
CVC Capital Partners has announced the appointment of Ignatius Chan Tze Ching, formerly Head of Corporate and Investment Banking and Senior Country Corporate Officer for Greater China at Citigroup and Deputy CEO with Bank of China in Hong Kong, as a Senior...
Infinity invests in Harbin tools manufacturer
Infinity Group, the Israel-originated PRC-focused investment group, has announced an investment of RMB120 million ($18 million) in Harbin No.1 Tools Manufacturing Co. Ltd., a state-owned company which, according to the firm, is a major research and production...
Intel Capital invests China digital surveillance withNetPosa
The Intel Capital China Technology Fund II is to invest Beijing's NetPosa Technologies, a Chinese provider of digital surveillance systems, for an undisclosed sum, as part of a strategic cooperation agreement with Intel Corp. that involves the company...
DE Shaw's Gaudio to move to Hong Kong
DE Shaw has announced that Julius Gaudio, one of its executive committee and joint supervisor of its asset management division, will relocate to its Hong Kong office, becoming the firm's first executive committee member to be based in Asia.
Paine & Partners may be in frame for PEP's Tegel
US PE firm Paine & Partners may be the latest suitor for Pacific Equity Partners' New Zealand poultry investee Tegel Foods, in a potential secondary buyout that could fetch up to NZ$1 billion ($755 million), according to reports.
Permira retains ex-Nokia Ho as Senior Advisor
Permira has announced the appointment of David Ho, former President of Nokia in China, as a Senior Adviser with the firm, charged with aiding the firm in identifying investment opportunities in Greater China.
JPMorgan, GIC investee Ballarpur seeks paper listing on LSE
Ballarpur Industries, which claims to be India's largest paper manufacturer, plans to set up a new UK-incorporated holding company for its unit Ballarpur International Graphic Paper Holdings (BIGPH), 20.47% invested by JPMorgan Principal Investment and...
New Robeco cleantech f-o-f seeks emerging Asia propositions
Dutch asset management firm Robeco Group has said that it is seeking to target opportunities in China and India, plus other Asian markets, for its Robeco SAM Clean Tech Private Equity III fund of funds, which continues to aim at a $500 million closing...