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Wen out of New Horizon as Sihuan Pharma pre-IPO deal nixed

Paul Mackintosh
20 October 2010

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Leading Chinese PE firm New Horizon has confirmed that its co-founder Winston Wen Yunsong, son of PRC Premier Wen Jiabao, left the company at an unspecified date and has been working since last year for an arm of China Aerospace Science & Technology Corp., evident through disclosures made when the firm was forced to retract a pre-IPO investment into Morgan Stanley-backed Sihuan Pharmaceutical, owing to new tighter HKSE rules.

New Horizon, originally launched as a JV between Temasek Holdings and SBI Holdings, closed its New Horizon Capital Fund III in March at $750 million, reportedly with some 30+ global investors, including...

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Asian GPs slow implementation of ESG policies - survey

Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...

GPs
10 November 2023

Singapore fintech start-up LXA gets $10m seed round

New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.

Southeast Asia
10 November 2023

India's InCred announces $60m round, claims unicorn status

Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”

South Asia
10 November 2023

Insight leads $50m round for Australia's Roller

Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.

Australasia
10 November 2023