Articles by Paul Mackintosh
Evolvence, Jacob Ballas, NYLIM pick up Emaar MGF pre-IPO shares
Emaar MGF, the Indian real estate development company set up jointly by Dubai's Emaar Properties and northern Indian retail real estate developer MGF Development, has sold stakes to existing shareholders Evolvence India Holdings, Jacob Ballas and New...
KKR takes stake in Avantha Power
Kohlberg Kravis Roberts & Co. has become the latest leading private equity firm to tap into India's infrastructure sector, with an INR217 crore ($49 million) pre-IPO investment into Avantha Power & Infrastructure Ltd., a division of the $4 billion Avantha...
Crescent sells National Hearing Care to international buyer
Crescent Capital Partners and Macquarie Group have sold local hearing healthcare business National Hearing Care Group (NHC) to Italian hearing aid retailer Amplifon SA, the leading global player in the sector, for A$460 million ($441 million).
Ascent invests India infrastructure, real estate with IVRCL Assets
Ascent Capital Advisors India, the Indian private equity firm that launched out of UTI Venture Funds Management, has made a PIPE investment of some INR150 crore ($33.8 million) into IVRCL Assets and Holdings, a Hyderabad-headquartered infrastructure and...
London's MaxCap appoints Syed for family office APAC exposure
London-headquartered multi-family office and investment management group MaxCap Partners has announced the engagement of Mohammad Kamal Syed as its CEO, emphasizing his experience in Asia Pacific markets, while founding CEO Michael George steps down to...
Prax Capital does NASDAQ PIPE in China's Keyuan Petrochemicals
China-focused private equity firm Prax Capital Management has led a $20.3 million PIPE investment in NASDAQ-listed Keyuan Petrochemicals, Inc., a Chinese petrochemical products manufacturer.
Bain completes Mr. China ASIMCO deal
Bain Capital has announced the completion of its acquisition of ASIMCO Technologies Ltd., the Beijing-headquartered auto parts company made famous by the book ‘Mr. China,’ from Key Principal Partners and other investors in the business.
Speed bumps ahead for Asian private equity returns
Asia Pacific has had a very good GFC – almost too good.
What drives your private equity returns?
International investors may face something of a context shift when they look to enter Asia and actually derive returns from the region.
Standard Chartered Private Equity plans IPO exit with India's Endurance Techologies
Standard Chartered Private Equity Ltd. (SCPEL) is looking at a partial exit from Indian investee Endurance Technologies Ltd. via an IPO, as the auto parts manufacturer targets a domestic listing.
Korea's National Pension Service seeks Asia Pacific real estate with Pramerica
Korea’s $259 billion SWF the National Pension Service has said that it will seek to invest at least $400 million in Asian and Australian real estate assets through Pramerica Real Estate Investors, an investment arm of Prudential Financial Inc.
Fortress moves Levinson to Singapore for Asia push
Fortress Investment Group is transferring co-CIO of its global macro funds Adam Levinson to Singapore to lead a new office of around 10 personnel, which will build out the firm’s Asia presence.
Intel Capital to invest in India's Allied Digital
Intel Capital is to commit some INR32 crore ($7.3 million) to BSE-listed Indian IT company Allied Digital Services Ltd., to pick up warrants convertible into around a 3% stake in the IT services and solutions business.
CHAMP seeks sale exit for Healthcare Australia
CHAMP Private Equity is in discussions with at least three potential buyers, both strategic players and other PE firms, about a potential sale of its nursing and aged care staffing business Healthcare Australia, with a probable price tag of around A$150...
India's Pipavav Shipyard sees private equity exit
After a successful listing on India's Bombay Stock Exchange last year, Indian shipbuilder Pipavav Shipyard Ltd. has said that private equity investors, including Indus Capital, New York Life Insurance, Standard Chartered Private Equity and Trikona Capital,...
Carlyle hits Taiwan regulatory delay in Kbro exit
The Carlyle Group’s planned $1.14 billion sale of Taiwanese cable TV/broadband asset Kbro to the local Tsai family, backers of strategic peer Taiwan Mobile, failed to receive its expected regulatory nod, as Taiwan’s National Communications Commission...
Soros-invested Hainan Airlines launches air leasing private equity fund for China
PRC carrier Hainan Airlines has announced plans for China's first dedicated aircraft leasing private equity fund, with an RMB5 billion ($747 million) target and focused on domestic opportunities.
Carlyle Kbro Taiwan deal in line for regulatory approval
The Carlyle Group is due to receive regulatory clearance for the $1.14 billion sale of its Taiwanese cable investee Kbro to the local Tsai family, principal promoters of strategic Taiwan Mobile, after the deal was stalled in June by a regulatory issue....
PEP denies NZ Griffin's Foods sale, confirms Tegel under review
Pacific Equity Partners has publicly denied that it will sell its New Zealand snacks and biscuits investee Griffin’s Foods, following reports by Australian media that the asset was up for sale alongside poultry business Tegel and cinema player Hoyts....
Industry Q&A: Bruno Raschle
Bruno E. Raschle, Executive Chairman at Zurich-based fund of funds Adveq Management, talks about Asia-focused trends among GPs, LPs and regulators, and what this implies for the future of the asset class in the region.
CalPERS PE data highlights MOR Asia
The California Public Employees Retirement System (CalPERS) has customarily acted as a bellwether for, and key influencer of, institutional support for private equity.
Which way for Asian private equity?
The release of CalPERS's latest fund performance results comes at an interesting time.
Khazanah forms clean energy investment JV with Camco
Khazanah Nasional, Malaysian's SWF, has announced a JV agreement with emission reductions and clean energy developer Camco International Ltd. (Camco), to invest into the clean energy and emissions sector in Southeast Asia.
Allies of GOME's Huang issue open letter to Bain-backed board
A group representing "the founding shareholders of GOME Electrical Appliances," including jailed former GOME chairman Huang Guangyu, has issued an open letter to current shareholders, claiming that the company's chairman, Chen Xiao, backed by Bain Capital,...