Industry
Survey finds alternatives fund fees down
Mercer's 2010 Asset Manager Fee Survey released December 15 found that fees for hedge fund, private equity, infrastructure and real estate have all decreased year-on-year. This parallels the sentiment expressed by industry players and topics at AVCJ conferences,...
PE picks up strategic stakes in CICC
Kohlberg Kravis Roberts, TPG Capital, the Government of Singapore Investment Corporation and Great Eastern Life Assurance will together take a 34.3% stake in China International Capital Corporation (CICC), purchased from US investment bank Morgan Stanley,...
Actis set to invest $125 million in SuperMax - reports
The same week that London-headquartered Actis announced its exit from Paras Pharmaceuticals, reports have surfaced that the emerging markets investment firm is set to inject up to $125 million for a minority stake in SuperMax Corp., a maker of shaving...
Australia's Quadrant closes $746 million buyout fund
Sydney-based Quadrant Private Equity is set to close an A$750 million ($746.3 million) buyout fund, Quadrant 6, with mid-market firms in the service sector among its expected targets.
New Enterprise Associates beats competitors to invest $50 million in TutorVista
VC firm New Enterprise Associates (NEA) is set to invest $50 million in Indian education platform TutorVista Global, reportedly besting firms such as Baring Private Equity Asia, ICICI Venture, Multiples Alternative Asset Management, Standard Chartered...
KKR considers raising bid for Australia's Perpetual - reports
Less than two months after Australian investment group Perpetual Ltd. branded the $1.73 billion takeover offer by Kohlberg Kravis Roberts & Co. (KKR) as too low, KKR is now reportedly considering raising its offer based on new data from Perpetual –...
New Enterprise Associates plan IPOs for China's Redbaby, Uni-Power
Two Chinese companies backed by US-based venture capital firm New Enterprise Associates (NEA) – digital retailer Red Baby and financial consulting firm Uni-Power – are set to make their public-market debuts next year.
Hony's second RMB fund targets Chinese firms' overseas aspirations
One month after Chinese buyout major Hony Capital announced that it would raise an RMB10 billion ($1.5 billion) yuan-denominated fund – it’s second – the Beijing-based firm has confirmed that the fund will target PRC companies looking to ramp up...
Infinity Group leads $14.3 million investment in Chinese heat-exchange firm
Tel Aviv-headquartered Infinity Group has led a $14.3 million investment into China’s THT Heat Transfer Technology, Inc. The RMB fund pioneer and cross-border specialist will invest $9 million with the remaining capital to be provided by MC Capital,...
ADIA, CIC, GIC, OTPP invest BTG Pactual
Brazilian investment bank BTG Pactual has received $1.8 billion from an investment consortium led by the Abu Dhabi Investment Council, the China Investment Corporation, the Government of Singapore Investment Corporation, Canadian pension fund Ontario...
Blue Oak reaches first close on $100 million Xi'an China fund
Blue Oak Capital has both launched and concurrently conducted its first close of the Blue Oak China Venture Fund, an RMB-denominated fund with value equivalent to $100 million, floated in conjunction with the National Civil Aerospace Industrial Base (NCAIB),...
Industry Q&A: Sanjay Nayar
Sanjay Nayar, CEO and Country Head for Kohlberg Kravis Roberts & Co. in India talks about his approach to the Subcontinent, a market in which promoters, management and family are one and the same.
Headland becomes a test case for post-bank spinout PE funds
One of the most closely watched of the new wave of private equity team spinouts from major banks has completed with the announcement that the management team who led HSBC Private Equity Asia have now completed their separation from parent HSBC with the...
You’ve been served
Recent developments have highlighted the personal – and legal – issues that can arise when private equity firms and their senior staff part company.
No takeaway for QSR bidders
The brief flurry of excitement around the majority stake in Malaysian integrated food services business QSR Brands Bhd held by palm oil and plantation giant Kulim ended without result, when Kulim announced that it intended to hold on to the division.
Goodbaby, great exit
Hong Kong-based private equity firm PAG has seen a strong result from the IPO late last month of its portfolio company Goodbaby, the largest retailer and distributor of children’s products in China.
First AVCJ India Awards see Indian industry’s coming of age
The first AVCJ India Private Equity & Venture Capital Awards held last week paid tribute not just to individual winners, but also to the overall growth and maturation of the Indian private equity industry.
Siguler Guff files complaint against Boyazny over BRIC investment info, other data
Global private equity firm Siguler Guff & Co. has filed a complaint and summons in the Supreme Court of the State of New York against Maria Boyazny, who recently left the firm to found her own investment group, MB Global Partners, stating that "Boyazny...
India and the China Factor
While China and India are very different markets, what they do have in common is their competition for LP investment dollars by funds with a regional mandate.
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...
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...
HSBC makes new debt appointments for Asia Pacific
HSBC has announced two new senior appointments in its Asia Pacific Debt Capital Markets (DCM) team, with the appointment of Mark Mallia as Head of Debt Syndicate, Asia-Pacific, while Sean Henderson, previous incumbent in the role, will move to Australia...