Industry
Taiwan Vice Premier Chen says private equity firms are welcome
Taiwanese Vice Premier Sean Chen has publicly stated that the government welcomes the participation of private equity funds that act as strategic investors to bring improvements in production and management expertise to Taiwanese companies.
3i plans RMB fund under Queen's blueprint
UK private equity major 3i Group is planning to launch a renminbi-denominated fund as part of an overall two-year plan, announced 3i CEO Michael Queen, coming alongside the second Indian infrastructure fund expected since March this year.
Tokio Marine plans mid-cap buyout fund for Japan
Tokio Marine Holdings, one of Japan's leading insurance companies, is targeting to raise a JPY50 billion ($590 million) buyout fund, its fourth, through its Tokio Marine Capital unit, to invest in mid-cap Japanese companies.
Blue Sky engages Bain's Shand as associate director
Australia's Blue Sky Private Equity, the SME- and mid-cap-focused direct investment arm of Brisbane's BlueSky Funds Management, has recruited Robert Shand, formerly a consultant with Bain & Co., as an associate director.
Achuthan forms Achuthan & Co. for India, Southeast Asia investment
Hari Achuthan, previously a director with the private equity group at Credit Suisse Asset Management, is forming a private equity firm, Achuthan & Co., to invest in India and Southeast Asia.
KKR, Bain, others vie for mid-cap investment in aero-focused Quest Global
Bain Capital, ChrysCapital, Kohlberg Kravis Roberts & Co., and Warburg Pincus are said to be competing to make an up-to $75 million investment in aeroengineering and manufacturing consultancy Quest Global - a unique scenario, as such global funds have...
Patrick Alexander of Batavia Investment
Managing Partner of Batavia Investment Management Patrick Alexander says that now is a prime time to investment in Indonesia, because the market is now large enough to offer a range of opportunities, especially when it comes to mid-sized deals.
GP/LP Faceoff: Investing Indonesia
AVCJ spoke to four prominent GPs and LPs to ascertain their real thoughts on investments into Indonesia.
VC Hunt to take 27% stake in Indian hotel chain
Acumen Capital division VC Hunt is set to inject INR32 crore ($7 million) for a 27% stake in an unnamed hotel chain with operations in the coastal territories of Kerala and Goa.
India's Highstreet nearing first close on India Infra Fund
Highstreet Capital, a new Indian private equity firm, is nearing a $50-70 million first close on its first fund, the India Infrastructure Fund, with sponsors and anchor investors the Bhartia family, promoters of Jubilant Organosys and Life Insurance Corp....
Primus, China Strategic formally end Nan Shan bid in Taiwan
Hong Kong-listed China Strategic Holdings and financial investor partner Primus Financial Holdings have announced the formal termination of their $2.2 billion acquisition agreement for Taiwan’s Nan Shan Life Insurance effective Sept 20.
Australian M&A: Sweet deals Down Under?
For all of Australia's bedrock macro-economic strength – the envy of most in the developed world – the country’s M&A market has not been having a great year – so far at least.
HSBC PE Asia spins out to management
HSBC has followed through on its plan, first discussed internally in June this year, to spin out its private equity divisions, at least in Asia, with the sale by HSBC Holdings of 80.1% of HSBC Private Equity (Asia) Ltd. to Foci Holdings, an SPV backed...
Indonesia Case Study: Astra International
Astra International today is a $25 billion diversified conglomerate, and the star performer of the Indonesia Stock Exchange.
Country Risk Check: Indonesia
With GPs and LPs gung-ho for Indonesia while memories of post-1997 chaos there still linger, the market needs a risk check to assess the actual degrees of uncertainty in the country: whether dangers of another Asian financial crisis-style national collapse,...
Indonesia: Out of the shadows as a private equity investment goal?
Common impressions of Indonesia are frequently a mixture of clichés drawn from The Year of Living Dangerously, memories of the 1998 riots, and the Bali bombing.
Banks far down the spinout trail?
HSBC Private Equity Asia's spinout comes as no surprise.
HSBC sells HSBC Private Equity Asia unit to management
HSBC Holdings has announced the sale of 80.1% of HSBC Private Equity (Asia) Ltd. to the management team of HSBC Private Equity, for a price tag of around $18.8 million, executing a spinout plan first reported in June.
Franklin Templeton Real Estate plans new Asia-focused realty fund of funds
Franklin Templeton Real Estate Advisors, an affiliate of US fund manager Franklin Templeton, plans to launch a new Asia-focused property fund of funds, targeting to raise about $300 million from institutional investors, primarily in Europe and Australia....
Bain converts GOME bonds to get 10% stake
US buyout firm Bain Capital has converted its RMB1.59 billion ($236 million) of bond shares in troubled Hong Kong-listed investee GOME Electrical Appliances Holdings, the second largest electric retail chain in the PRC, into a 9.98% equity stake, gaining...
Sabre Capital-backed Spring Healthcare to invest in Indian hospital groups
Sabre Capital-owned Spring Healthcare is reportedly set to infuse approximately INR100 crore ($21.6 million) in two Indian hospital groups in Tier Two cities, which could potentially give it as much as 40% in each group.
China Investment Corporation, China Exim Bank launch $1 billion infra fund
China's sovereign wealth fund the China Investment Corporation (CIC) is to partner in a $1 billion regional infrastructure and energy fund, alongside Export-Import Bank of China (China Exim Bank), in the wake of increasing demand for secure energy supplies...
StepStone opens Beijing office, recruits Su for Managing Director role
Leading customized portfolio management and fund of funds firm StepStone Group has appointed Weichou Su, formerly an MD with China-focused investment banking and private equity firm the Hina Group, as Managing Director for its new Beijing office, which...
Ant Capital, CCBI support COFCO's $1 billion agri fund plan
China's largest grains and oilseed importer and exporter, China National Cereals, Oils and Foodstuffs Corporation (COFCO) Ltd. plans to form an agriculture-focused private equity fund, with target size of $1 billion, in partnership with CCB International...