Industry
Advantage Partners seeking secondary investor for Tokyo Star Bank
Advantage Partners, the independent Japan-focused buyout firm, is seeking capital from investors to help cover the JPY170 billion ($2.04 billion) loan package it used to acquire Tokyo Star Bank in 2007 from the previous majority shareholder, Lone Star...
Actis said seeking exit from India's Halonix
Actis is seeking a buyer for some or all of its 66% controlling stake in Indian halogen bulb and lamp manufacturer Halonix, in a deal which could fetch up to $56 million with a probable strategic buyer, according to Indian reports.
Taiwan regulators say Carlyle's exit plan for Kbro needs further review
Carlyle Group’s ongoing exit process for its Taiwan cable investee Kbro needs more discussion, according to Taiwan’s broadcast regulator, particularly over competition issues in the industry.
Japan's no. 1 ad giant Dentsu to launch digital fund
Dentsu Inc., Japan's largest advertising agency, and its affiliate, Dentsu Digital Holding Inc., are launching a JPY10 billion ($120 million) fund, the Dentsu Digital Fund, to be managed by the newly-formed Dentsu Digital Investment Business Limited Partnership....
NZ Yellow Pages showcases dangers of bull market LBOs
Just two months after pan-regional PE firm Unitas Capital and its co-investor Ontario Teachers Private Capital first kicked off the exit process of the New Zealand Yellow Pages Group, approaching a plethora of private equity and industry-related potential...
London's MaxCap appoints Syed for family office APAC exposure
London-headquartered multi-family office and investment management group MaxCap Partners has announced the engagement of Mohammad Kamal Syed as its CEO, emphasizing his experience in Asia Pacific markets, while founding CEO Michael George steps down to...
Speed bumps ahead for Asian private equity returns
Asia Pacific has had a very good GFC – almost too good.
What drives your private equity returns?
International investors may face something of a context shift when they look to enter Asia and actually derive returns from the region.
KPCB raises RMB600 million so far for China fund
Silicon Valley VC firm Kleiner Perkins Caufield & Byers (KPCB) is raising an RMB-denominated fund to invest in Chinese companies, and has already raised RMB600 million ($89.4 million), according to reports.
Ex Morgan Stanley team's GreenOak Real Estate raises fund for Japanese assets
GreenOak Real Estate, a private equity property firm founded by ex-Morgan Stanley real estate executives, is seeking $800 million for a new fund to buy property and loans in Japan, according to reports.
Aetos to raise $1 billion real estate fund for Japanese, Chinese targets
New York-headquartered private equity firm Aetos Capital is reportedly set to raise $1 billion for a real estate fund - its fourth - targeting property assets in Japan and China.
PEP denies NZ Griffin's Foods sale, confirms Tegel under review
Pacific Equity Partners has publicly denied that it will sell its New Zealand snacks and biscuits investee Griffin’s Foods, following reports by Australian media that the asset was up for sale alongside poultry business Tegel and cinema player Hoyts....
HarbourVest invests $300 milllion in five Arcapita companies
HarbourVest Partners has bought minority stakes in five of Bahraini investment bank Arcapita Inc.’s non-MENA portfolio companies for $300 million, and further inked a follow-on capital commitment to aid the companies’ future growth.
CIC bars investments into defense, casino, alcohol sectors
SWF China Investment Corp. (CIC) has mandated that it will avoid investments in the defense, casino and alcohol sectors, according to officials who labeled the sectors areas of “reputational risk.”
Industry Q&A: Bruno Raschle
Bruno E. Raschle, Executive Chairman at Zurich-based fund of funds Adveq Management, talks about Asia-focused trends among GPs, LPs and regulators, and what this implies for the future of the asset class in the region.
CalPERS PE data highlights MOR Asia
The California Public Employees Retirement System (CalPERS) has customarily acted as a bellwether for, and key influencer of, institutional support for private equity.
Russian roulette for PRC investing
The most populous country in the world, China, has been made out to be something of a promised land for private equity.
Which way for Asian private equity?
The release of CalPERS's latest fund performance results comes at an interesting time.
Carlyle's Marumo moves to Lazard
Masato Marumo, formerly an MD with Carlyle Group, who left the firm's Japan office earlier this year, has now joined Lazard Ltd. in Tokyo as an MD, where he will work closely with Yasu Hatakeyama, President and CEO of Lazard Frères Japan.
GIC to bolster focus on Asia's emerging markets
The Government of Singapore Investment Corp. (GIC) has bolstered its focus on investments into Asia’s emerging markets, and aims to continue taking on more equity risk in hopes of garnering higher returns, GIC revealed in conjunction with its annual report....
Aureos, IFC among investors in Auro Mira Energy
Baring-backed Indian renewable energy firm Auro Mira Energy Company has received an extra $21 million from a consortium of investors made up of Aureos Capital, the World Bank’s International Finance Corporation (IFC) and ePlanet Ventures.
IndoUS Venture Partners invests $5.4 million in video and imaging services firm
IndoUS Venture Partners has invested INR25 crore ($5.4 million) in Monarch Innovative Technologies, which develops services and products for the broadcast and photography industries.
ICICI Investment Management makes first close for Emerging India Fund at $50 million
ICICI Investment Management has raised $50 million for the first close of its Emerging India Fund, its mid-market, growth capital-focused vehicle with a $100 million corpus.
Allies of GOME's Huang issue open letter to Bain-backed board
A group representing "the founding shareholders of GOME Electrical Appliances," including jailed former GOME chairman Huang Guangyu, has issued an open letter to current shareholders, claiming that the company's chairman, Chen Xiao, backed by Bain Capital,...