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Recent developments have highlighted the personal – and legal – issues that can arise when private equity firms and their senior staff part company.
The great India debate
Private equity investment deals in India may be tricky, expensive and atypical compared to the standard private equity model, but they are potentially lucrative and poised to become even more attractive.
Legend to launch local VC funds in China: reports
MD of Legend Capital, Ouyang Xiangyu, has said that the VC firm has plans to raise two funds totaling around $500 million in the first half of 2011, one a RMB1 billion ($150 million) RMB fund, and the other a $350 million US dollar fund, in an interview...
Butalia, Panandiker forming KV Asia for India and Southeast Asia
Karam Butalia, former Global Head with Standard Chartered Private Equity Ltd., is forming a new Singapore-based platform, KV Asia Capital, to invest in Southeast Asia and India, and is seeking to raise some $500 million for its first fund, sources at...
Lashou completes second financing from VC firms
Lashou.com, a Chinese website selling discount items for group purchase, has raised $50 million in second-round funding from investors including US venture firms Tenaya Venture, Norwest Venture Partners, China’s GSR Ventures and Rebate Network, a US venture...
Temasek to manage Singapore government Heliconia co-investment program
Singapore SWF Temasek Holdings is to manage the first phase of the Singapore government-backed co-investment program announced earlier this year, which aims to invest up to S$1.5 billion ($1.15 billion) in co-investments with private equity firms into...
Morgan Stanley to launch RMB fund with Hangzhou govenment
US investment bank Morgan Stanley has signed an agreement with Hangzhou Municipal Government in China to form an RMB-denominated fund of undisclosed size for private equity investments.
Religare announces investment in Landmark Partners for secondaries
Indian financial services group Religare Enterprises Ltd. has announced a strategic investment for 55% of Landmark Partners, a Simsbury, CT-headquartered private equity and real estate investment firm with some $8.5 billion of capital under management,...
Advent International head Matsumoto leaves
Hiroshi Matsumoto, head of buyout firm Advent International's Japanese operations, will leave the company, according to reports.
Jury still out on Shanghai RMB QFLP program
The reported approval by China's State Administration of Foreign Exchange (SAFE) of a $3 billion quota for the Shanghai municipal government to allow foreign currencies to be converted into RMB for investing into local private equity funds has been hailed...
Sequoia makes headlines, exits Pangea3 to Reuters
Sequoia Capital has sold its Indian early-stage investee Pangea3, a legal process outsourcing (LPO) business, to media and information conglomerate Thomson Reuters, in a deal that local media estimate is worth anywhere between $40-100 million.
What to do in China?
The recent news that China's State Administration of Foreign Exchange has granted the $3 billion RMB foreign exchange quota necessary to kick off the Qualified Institutional Limited Partner (QFLP) scheme in Shanghai seems to have sparked off quite a few...
HSBC Private Equity Asia completes spinout as Headland Capital Partners
The management team who led HSBC Private Equity Asia have now announced the completion of its buyout from parent HSBC with the launch of Headland Capital Partners Ltd., under George Raffini and Marcus Thompson, Managing Partners of the new firm.
Actis announces new China, India partner promotions
Actis has announced the promotion of four of its directors to partner status, all of them in Asia: Tao Sun and Dong Zhong, based in Beijing; and Sanjiv Aggarwal and Shomik Mukherjee, both based in Mumbai.
KPCB invites Mary Meeker on board as partner
Kleiner Perkins Caufield & Byers (KPCB), the Silicon Valley venture pioneer, has hired premier technology analyst Mary Meeker as a partner.
ADB announces two new clean energy fund investments
The Asian Development Bank has announced investments of $20 million each in two new Asia-focused clean energy funds: the Clean Resources Asia Growth Fund, backed by CLSA Capital Partners, and the Renewable Energy Asia Fund, supported by UK-headquartered...
Rockley Group expands PRC fund to $200 million with Shanxi
UK technology investment firm the Rockley Group has announced the expansion of its Rockley China Fund from $100 million to $200 million, following an agreement with Shanxi Small and Medium Enterprise Investment Corporation (SSMEIC), a PRC tech VC fund...
Quorumm Digital Venture Partners appoints Hasnain Zaheer senior partner for Australia
Third-generation VC Quorumm Digital Venture Partners – which has an investment war chest of some $500 million – has appointed experienced digital strategist and online marketing practitioner, analyst and trainer Hasnain Zaheer as senior partner of its...
Goodman Fielder CFO Goldsmith to join TPG as advisor
Australian baking and dairy group Goodman Fielder has announced that its Chief Financial Officer, David Goldsmith, is leaving the company to join TPG Capital as a senior adviser.
Lin leaves ID TechVentures
Jacky Lin, a Partner at ID TechVentures working in mainland China, has left the firm.
Shanghai RMB QFLP program still missing key steps
Latest reports indicating that China's State Administration of Foreign Exchange (SAFE) has approved a $3 billion quota for the Shanghai municipal government to allow foreign currencies to be converted into RMB for investing into local private equity funds...
Book E-commerce giant DangDang sets pricing for NYSE IPO
DangDang Inc., the Beijing-based leading B2C e-commerce company in China, has set the pricing on its planned NYSE IPO at $11 to $13, as part of its plans to raise $17 million from selling American Depository Shares.
VC investee ISoftStone files for NYSE IPO
Venture capital-backed iSoftStone Holdings Ltd., a Beijing-based provider of IT consulting and software services, has filed for a $50 million IPO on NYSE.
Venture-backed hiSoft Technology goes for NASDAQ secondary public offering
NASDAQ-listed hiSoft Technology International Ltd., a leading China-based provider of outsourced IT and R&D services headquartered in Dalian, China, filed for a secondary public offering of 5 million American Depository Shares last week.