Industry
Fund administration: the silver lining post GFC
It's interesting to note how far – and how deeply – GFC shockwaves reached into private equity practice, even at the shop-floor level, in fund management and administration.
Returns, the second time around
The Asian secondary buyouts market is finding its feet, and investors their appetite, but true potential for value-add is still case specific
China winning out?
China may be leading the way - for global recovery and for Asian PE - but is it all blue skies?
Asian funds: arithmetic or geometry?
With Asia growing in size, scale and industry importance, what do the funds of the future look like?
Tectonic shift toward Asia Pacific?
It's that time again: another year for Asia Pacific private equity brings round another fixture in the region’s industry calendar – the AVCJ Asia Pacific Private Equity & Venture Forum.
Steamboat Ventures invests $10 million in Chinese luxury shopping site Shangpin
Steamboat Ventures has invested $10 million in shopping site Shangpin.com, according to an executive at the VC firm, as part of a second round of fundraising for the Chinese domain.
CVC appoints Chan as senior advisor on financial institutions
CVC Capital Partners has announced the appointment of Ignatius Chan Tze Ching, formerly Head of Corporate and Investment Banking and Senior Country Corporate Officer for Greater China at Citigroup and Deputy CEO with Bank of China in Hong Kong, as a Senior...
Wholesale website Lightinthebox gets $35 million from VC backers
VC firms TBP Capital, Ceyuan Ventures and GSR Ventures have injected $35 million into Chinese online wholesaler Lightinthebox, the company’s CEO Quji Guo has announced.
China Private Equity takes 40% of China iEducation
China Private Equity Investments Holdings (CPE) has taken a 40% stake in digital content provider China iEducation Group for $2 million – capital that will be used to restructure China iEducation’s operations and fund its expansion aspirations.
PE-invested Krispy Kreme Australia sees restructuring after financial setbacks
Doughnut market leader Krispy Kreme’s poor financial performance in Australia, where it is invested by Souls Private Equity, has prompted a month-long management restructuring process aimed at jumpstarting the retailer’s profits.
New Robeco cleantech f-o-f seeks emerging Asia propositions
Dutch asset management firm Robeco Group has said that it is seeking to target opportunities in China and India, plus other Asian markets, for its Robeco SAM Clean Tech Private Equity III fund of funds, which continues to aim at a $500 million closing...
BlackBerry Partners fund plans to raise $150 million to invest BRIC mobile opportunities
BlackBerry Partners Fund, a VC firm backed by Research In Motion Ltd., Thomson Reuters, Royal Bank of Canada and other major investors, reportedly plans to raise at least $150 million for a new vehicle to make investments in mobile-phone software companies...
Warburg Pincus set to take stake in Quest Global, outbidding rival funds
Warburg Pincus is reportedly set to make a $60 million investment in aeroengineering and manufacturing consultancy Quest Global, coming one month after the PE industry’s biggest names entered the arena to take a stake in Quest.
Capital Dynamics hires former AIC CEO Kobayashi as MD to head new Tokyo office
Capital Dynamics, the Switzerland-based alternative investment group, has appointed Kazushige Kobayashi, previously president and CEO of Japan's Alternative Investment Capital (AIC), engaged in funds-of-funds, as an MD to head its new Tokyo office.
China waste energy company's global new energy fund raises $100 million
A global new energy fund established by a group of investors including Chen Zefeng, chairman of PRC waste management and waste power company ZhongDe Waste Technology AG, has succeeded in raising $100 million, according to Wang Jiuhua, executive director...
Abraaj Capital launches independent MENASA hedge fund
Middle Eastern PE major Abraaj Capital has launched an independent hedge fund business focused on public securities across the Middle East, North Africa and South Asia (MENASA).
European Union agrees private equity/hedge fund legislation
The European Parliament and European Union member states have finally agreed upon new EU regulations for private equity firms and hedge funds operating inside the EU.
Japan's Mizuho Bank to form SME-focused fund by year end
Mizuho Bank, Japan’s third largest lender, will form an SME-focused private equity fund by the end of this year with a initial size of around JPY10 billion ($122 million).
Australia's ATO says will clarify tax issues after TPG Myer debacle
The Australian Taxation Office is due to issue its final determination on taxation of private equity profits, following the incident last year when the office launched a last-minute pursuit of TPG Capital over some $625 million of claimed unpaid tax and...
SGX, ASX agree Asia's first ever stock market merger
The Singapore Stock Exchange (SGX) and Australian Securities Exchange (ASX) have agreed to Asia Pacific's first-ever merger of stock exchanges, with a friendly takeover offer from SGX that values ASX at A$8.4 billion ($8.2 billion).
Silver Lake does first China cleantech deal with Nobao Renewable Energy
Tech-focused PE firm Silver Lake has made its first foray into China’s cleantech sector, investing in Shanghai-based Nobao Renewable Energy Holdings for an undisclosed amount.
CIC benefits as AIA HK IPO prices high
China Investment Corporation (CIC) stands to benefit as a key investor as insurer AIA, the Asian arm of troubled American International Group (AIG), priced at the top of its range, valuing the company at some $30.5 billion, amid heavy investor demand.
MSPE Sihuan Pharma IPO looks to strong healthcare exit
Morgan Stanley Private Equity investee Sihuan Pharmaceutical is on track to raise $741 million, potentially rising to $850 million if a greenshoe option is exercised, after pricing its IPO high at 26.7x next year's earnings, in the world's second largest...
Temasek divests 9.6% stake in Hana Financial Group
Singaporean SWF Temasek Holdings has fully exited its 9.6% stake in Korean banking major Hana Financial Group for $607 million on the public market, at an approximate 3.5% discount to Hana’s last closing price.