Articles by Susannah Birkwood
Warburg Pincus leads $32m round for Quikr
Warburg Pincus has led a $32 million investment round for India’s largest horizontal classifieds platform, Quikr. Existing venture backers Matrix Partners India and Norwest Venture Partners (NVP) also subscribed to the round.
CVC sells $1.6b stake in Formula One ahead of Singapore IPO
CVC Capital has sold a $1.6 billion stake in Formula One Group to BlackRock, Waddell & Reed and Norges Bank Investment Management ahead of its planned IPO in Singapore.
Fairbridge Capital acquires Thomas Cook India for $150m
Fairbridge Capital, a subsidiary of Fairfax Financial Holdings, has acquired the Indian arm of Thomas Cook, the second-largest holiday maker in Europe, for INR8.17 billion ($150 million).
Bridging the gap: China fund T&Cs
Differences between the Chinese and US private equity markets are reflected in fund terms and conditions. LPs that back managers operating US dollar and renminbi funds should look carefully at the small print
Accel, Helion back Series A round for TaxiForSure
Accel Partners, Helion Venture Partners and seed investor Blume Ventures have backed a Series A round of funding for India’s Serendipity Infolabs, which runs online taxi booking site Taxiforsure.com.
PE giants sell AMC Cinemas to China's Wanda for $2.6b
Private equity firms Apollo Global Management, Bain Capital, CCMP Capital Advisors and Spectrum Equity Capital have sold AMC Entertainment, owner of the eponymous cinema chain, to China’s largest entertainment group for $2.6 billion. The deal is thought...
Paul Hastings hires Shanghai partner
Paul Hastings has hired Sean Tai as a partner in its corporate department in Shanghai. He joins from O’Melveny & Myers.
NSR-backed Augere Wireless to exit India
Augere Wireless, a portfolio company of Asia-focused New Silk Route, is reportedly selling its 4G broadband spectrum in two Indian states, as part of a move to leave the country.
Carlyle to sell Ta Chong for $1.25b - report
The Carlyle Group looks set to sell its 40% stake in mid-sized Taiwanese lender Ta Chong Bank to Yuanta Financial in a deal which could value the bank at up to T$37 billion ($1.25 billion).
Ironbridge targets $1b for Fund III, invests $95m in dental business
Australian private equity house Ironbridge Capital has said it will target up to A$1 billion ($1 billion) for its third fund, for which it will begin fundraising in the second half of this year.
AMP Capital acquires Australian schools project for $232m
Asset manager AMP Capital has received approval to acquire the South Australian Schools Public Private Partnership (PPP) project for an enterprise value of $232 million.
Lightspeed leads Series A round for Tujia.com
Early stage investor Lightspeed China Partners and CDH Investments have participated in a Series A round of funding for Tujia.com, the first online vacation rental services provider in China.
CIPEF closes emerging markets fund at $3b
Capital International has closed its sixth emerging markets private equity fund at its hard cap of $3 billion, making it the largest vehicle of its kind to be raised in the last five years.
FX hedging: Know your risk
Private equity firms are hedging the currency risk of their investments in Asia Pacific longer and later in the investment cycle than ever before
IIFL real estate fund makes first investment
IIFL Alternate Asset Advisors, the venture capital arm of the India Infoline Group (IIFL), has made the first investment from its venture capital fund, backing a slum redevelopment project.
Sentient closes fourth fund at $1.3b
The Sentient Group, a private equity firm that focuses on the global metals, minerals and energy sectors, has closed its fourth fund on $1.3 billion.
David Johnson to head OMM in Hong Kong
Law firm O’Melveny & Myers (OMM) has promoted its senior capital markets partner, David Johnson, to head its Hong Kong office.
Baring backs Yongda Auto IPO
Baring Private Equity has become a cornerstone investor in the IPO of China Yongda Automobile Services, the number-one BMW dealer in China. The company could raise up to $435 million through a listing in Hong Kong.
Harvest Capital Partners CEO resigns
Hong Kong-based real estate investment firm Harvest Capital Partners faces a change of management, after CEO Rong Ren announced his resignation after seven years at the company.
Ropes & Gray hires two in Hong Kong
US-based law firm Ropes & Gray has appointed two partners in Hong Kong, and announced plans to double its number of Asia-based partners by the end of 2012.
Warburg Pincus joins race for India's Future Capital
US buyout firm Warburg Pincus is thought to have joined the race to acquire a stake in India's Future Capital Holdings (FCH), the financial services unit of the Future Group.
Mandarin Capital agrees JV with China's Dagong - report
Sino-Italian private equity group Mandarin Capital Partners has reportedly agreed to establish a joint venture with Chinese ratings agency Dagong.
Creador invests $15m in OldTown
India- and Southeast Asia-focused investor Creador has injected RM45.7 million ($15 million) in OldTown White Coffee, the number-one Asian restaurant chain in Malaysia.
Inventus, Ojas lead $3.5m Cbazaar round
US-India venture capital firm Inventus Capital Partners early-stage technology investor Ojas Venture Partners have led a $3.5 million Series A round of funding for Indian fashion portal Cbazaar.