Buyout
Bain moving Sarkis to Asia
Bain Capital is relocating Walid Sarkis, a Managing Director and one of the founders of its European operations, from London to Hong Kong, where he will help drive the firm's regional operation.
Bain's Gome could face fines in Huang trial
Huang Guangyu, the founder and former chairman of Bain Capital investee Gome Electrical Appliances Holdings, has gone on trial in Beijing, charged with illegal business operations, insider trading and bribery.
Bery sues JPM over firing, spinout
Varun Bery, former MD and co-founder of TVG Capital Partners, and later co-head of JPMorgan's private equity investment arm in Asia Pacific, is now reportedly suing the bank over $30.8 million alleged lost income, also alleging wrongful dismissal and...
Taizinai puts China risk on show
The deteriorating situation around Hunan Taizinai Group, a PRC dairy company now in provisional liquidation with RMB3 billion ($440 million) in debt, is turning into quite a lesson on the risks of emerging markets investing, particularly in China.
Carlyle closes CAP III at $2.55 billion
The Carlyle Group has announced the close of its Carlyle Asia Partners III buyout fund at $2.55 billion, over 40% larger than the preceding $1.8 billion Carlyle Asia Partners II fund, though still below the $4 billion target that CAP III launched with...
Investindustrial brings Euro mid-market to Shanghai
Investindustrial Group, a Milan-headquartered mid-market buyout firm with over $2.6 billion under management and offices in Spain, Luxembourg, the UK and Switzerland, has announced the opening of an Asia Pacific headquarters in Shanghai.
Mid-cap vs buyouts: may the best financing win
The year following the collapse of Lehman Brothers and the onset of the global financial crisis was not a good one for Japan.
ICICI f-o-f head joins Kaizen in Mumbai
Amit Ratanpal, the force behind ICICI Group’s fund-of-funds business, is joining Kaizen Private Equity as a principal and member of the investment committee.
Colony recruits former TPG partner Chang
US $39 billion real estate-focused group Colony Capital has recruited Justin Chang, formerly a partner with TPG Capital in Hong Kong, as a principal, to be based in Santa Monica, CA, and focus on extending Colony's investments into energy, healthcare,...
Kump leaves DIC for Carlyle
Eric Kump, former MD and head of the European buyout team at Dubai International Capital (DIC), has now joined the Carlyle Group as an MD with its Carlyle Europe Partners European LBO team.
Hahn leaving MSPE
Scott Hahn, MD and Chief Investment Officer of Morgan Stanley Private Equity (MSPE) Asia, is leaving the firm, and is rumored to be contemplating a fund of his own.
Hopu as advisor in CNOOC Bridas deal
Leading private equity and multi-strategy investor Hopu Investment Management has reportedly been retained in its first advisory mandate: supporting Bridas Energy Holdings of Argentina in a $3.1 billion JV with China's China National Offshore Oil Corp....
Aditya Birla approaches final close
New Indian GP Aditya Birla Capital Advisors is reportedly about to announce the final close of its Fund I at around Rs800 crore ($176 million).
DE Shaw for Shanghai, Tokyo
US $24 billion hedge fund and alternative assets investor DE Shaw is reportedly planning offices in Shanghai and Tokyo, with the Shanghai office targeting direct investments and other areas of the firm's private equity arm.
Warburg Pincus India head Khanna quits
Rajesh Khanna, Managing Director and head of Indian operations at Warburg Pincus, has reportedly left the firm, seeking to establish his own fund.
CalPERS could cut forecast projections
In an unprecedented move by the US’s largest pension fund, the California Public Employees’ Retirement System (CalPERS) may lower the projected rate of return for all stocks, bonds and other holdings from 7.75% to 6%.
Unison resets controls, salaries
After the tragic incident last year when one of its former partners died just after an official investigation, Japanese buyout firm Unison Capital is planning to move forward by strengthening its internal control systems to prevent any misconduct by its...
Gulf Capital closes second fund oversubscribed
MENA private equity pioneer Gulf Capital has closed its second fund, GC Equity Partners II, at $533 million, the Middle East's largest closing for 2009.
NZ Direct Capital closes Fund IV
New Zealand private equity and venture capital investor Direct Capital has announced the close of its Direct Capital IV fund at NZ$325 million ($250 million), well above the fund's NZ$250 million ($175 million) target.
Bocom launching $500 million offshore fund
Leading Chinese lender Bank of Communications (Bocom) is reportedly rolling out a USD-denominated China-focused offshore private equity fund through its Bocom International Asset Management arm, targeting $250-500 million.
CITIC Capital Partners closes ahead on $925 million
CITIC Capital Partners, the private equity arm of China’s CITIC Capital Holdings Ltd., has had a final close on its second buyout fund at $925 million, exceeding its original target of $750 million.
Affinity not raising new fund
Notwithstanding earlier incorrect media reports, leading independent regional buyout firm Affinity Equity Partners has no plans to start raising a new fund this year.
India's Ascent beats odds, raises $350 million
Ascent Capital Advisors India Pvt. Ltd. has announced the close of its Ascent India Fund III, garnering $350 million in commitments, amid rumors that the fund was in fact oversubscribed.
TPG hires Kapur for India consumers
TPG Capital has announced the hire of Gunender Kapur, previously President and CEO of the foods division of Reliance Retail, as a senior advisor on the Indian retail and consumer space.