Articles by Winnie Liu
IFC commits $10m to Chinese LED manufacturer
International Finance Corporation (IFC), the investment arm of World Bank, plans to commit at least $10 million Chinese LED manufacturer Qingdao Jason Electric through a co-investment.
Hony-invested Biosensors completes bolt-on
Biosensors International, a Singapore-listed medical device company backed by Hony Capital, has acquired Spectrum Dynamics, an Israel-based medical imaging and clinical applications company, for $51.13 million.
Khazanah among cornerstone investors in Galaxy Securities IPO
Malaysian sovereign wealth fund Khazanah Nasional will commit $100 million as a cornerstone investor in China Galaxy Securities' $1.37 billion Hong Kong IPO.
CPE invests $1m in Malaysia's Asia Bioenergy Technologies
China Private Equity Investment Holdings (CPE), an AIM-listed vehicle that claims to offer European investors exposure to Chinese private equity in China without the limitations imposed by closed-end funds, has bought a 13.08% stake in Asia Bioenergy...
Mandarin Capital opens in Frankfurt, expects first close on Fund II in June
Sino-European private equity firm Mandarin Capital Partners has extended its network in German-speaking regions by opening a new office in Frankfurt. The move comes as the firm nears a first close of around EUR200 million ($263 million) on its second...
KKR, CDH in 2.9x partial exit from China Modern Diary
China Mengniu Dairy, the country’s largest dairy producer, plans to buy 26.9% of China Modern Dairy for HK$3.18 billion ($410 million). The transaction facilitates the partial exit of KKR and CDH Investments, generating a 2.9x gross return.
China webinar: Still a safe bet?
Exits have been preying on the minds of China-focused private equity investors as the IPO market so little signs of revival. It means GPs must think more broadly and more globally
CNEI exits Liyuan despite metals price slump
Dragged down by gold prices, commodities of all flavors have seen sharp declines in the past month. But this did not derail China New Enterprise Investment’s (CNEI) full exit from Shenzhen-listed Jilin LiyuanAluminum. The private equity firm secured a...
Guinness Peat exits Australia's Ridley Corp to PE buyer
Guinness Peat Group (GPG), an investment holding company with interests in Europe and Australia, has sold its 19.5% stake in Australian animal feed company Ridley Corp to a PE firm for A$54 million ($55 million).
TPG launches sale for China's UniTrust
TPG Capital will begin the sales process for Shanghai-based finance and leasing company UniTrust this week. The deal is expected to be worth $800 million, with significant interest coming from other players in the leasing industry.
Carlyle-backed New Century refines Hong Kong plan - report
China’s New Century Hotel Group, a portfolio company of The Carlyle Group, plans to spin off its hotel business as a real estate investment trust (REIT) through a $300 million Hong Kong IPO. It earlier planned to list both the hotel and real estate business....
Infinity Group invests in China COFCO project
Infinity Group, the Israel-based private equity firm created by China Development Bank and Israeli conglomerate IDB Group, plans to invest up to RMB10 billion ($1.62 billion) in the Beijing Eco-Valley project created by food industry giant COFCO Group....
Russia keen to double size of joint PE fund with China
China Investment Corporation (CIC) and Russian Direct Investment Fund (RDIF) could double their contribution to their joint fund to $2 billion apiece and expand its investment projects this year.
Hopu's Fang Fenglei to raise comeback fund
Fang Fenglei, a former Goldman Sachs banker and co-founder of China Hopu Investment Management, is looking to raise at least $2 billion for his new fund - three years after winding down the previous vehicle.
Spice Global to co-invest with Silicon Valley's Formation 8
Spice Global, the Indian conglomerate controlled by B.K. Modi, has committed an undisclosed amount to US-based venture capital firm Formation 8. The group will also be looking to co-invest with Formation 8 as it targets US start-ups with the potential...
Intel Capital-backed Aspeed goes public in Taiwan
Intel Capital completed its first portfolio IPO of the year as Aspeed Technology listed on Taiwan’s GreTai Securities Market on Tuesday.
CDIB ends two-year wait for Meilele deal
After two years spent following Meilele, during which several other venture capital firms jumped on board, Taiwan's CDIB Capital has finally invested in the Chinese online furniture retailer. It was a tough fight, with more than 10 bidders in the running...
Chinese IPOs in the US: Green shoots
Online retailer LightInTheBox is seeking to become only the third Chinese company to list in the US in more than a year. But has investor sentiment emerged from its long winter?
CNEI secures 10.3x return on full exit from Liyuan Aluminum
China New Enterprise Investment (CNEI) has completed its exit from Jilin Liyuan Aluminum, one of the country’s leading aluminum extrusion product manufacturers, securing a 10.3x gross return.
India's NSL Renewable Energy raises $60m round
A group of investors, including International Finance Corporation (IFC) and FE Clean Energy, has committed $60 million to the NSL Renewable Power Private, a subsidiary of NSL Group.
Hong Kong's Hanhong to invest in Sprint Siberia energy project
Hong Kong-based Hanhong has agreed to invest $11 million in Australia’s Sprint Energy to support development of a project located in the Tomsk region of the prolific West Siberian Basin.
Fosun Pharma, Pramerica-Fosun buy Israel's Alma Lasers
Shanghai Fosun Pharmaaceutical, a subsidiary of China’s Fosun International, and the Pramerica-Fosun China Opportunity Fund, will be around $240 million to acquire up to 95.6% of Israel-based Alma Lasers.
Partners Group invests in Hong Kong warehouse
Switzerland-based private equity firm Partners Group has invested in a warehouse building in Hong Kong’s Kowloon East for an undisclosed sum. The warehouse is earmarked for conversion into a class A office building.
Citigroup names Christoper Laskowski as head of Hong Kong CIB
Citigroup has appointed veteran private equity banker Christopher Laskowski as head of corporate and investment banking for Hong Kong.