Performance
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...
Partners Group in Asia
At its annual investor roundtable in Hong Kong last week, Partners Group, the Zug-headquartered $25 billion private markets investment management firm, outlined its global strategy and its view of fundamental investment drivers post the GFC.
Baring powers up for NASDAQ take-private bid
In what could be the start of a delisting trend among US-listed Asian companies, Baring Private Equity Asia has made a privatization bid for NASDAQ-listed Chinese electric motor manufacturer Harbin Electric, alongside the target company’s chairman and...
Awards finalists – the people's choice
This year's list of finalists for the AVCJ Asian Private Equity & Venture Capital Awards, released for public voting this week, was the result of the first ever open call for nominations in the Awards’ ten-year history.
Liang Meng, DE Shaw & Co.
The Managing Director and CEO of the group’s Greater China business talks about the firm’s approach to private equity investing, stemming from its alternative investment pedigree.
The business of venture
Corporate venture capital has had an uneven reputation alongside traditional firms.
Australian private equity: Behind the numbers
Judging by current data, one might think that Australian private equity has seen the best of times become the not-quite-so-good times.
Advantage grapples with Tokyo Star Bank leverage
Leading Tokyo-based buyout firm Advantage Partners has reportedly been looking for investors for its fully-owned investee, Tokyo Star Bank, a regional bank also based in Japan’s capital.
Placement agents in a new place?
Placement, usually a discreet and unsung link in the private equity value chain, has been thrust reluctantly into the limelight recently, following legal action in the US against a series of self-styled placement professionals, and increased tension along...
Caught in the currency crossfire?
With US/China tension continuing high on the currency issue, spare a thought for the private equity firms and LPs who have committed to China, and now face the prospect of political tensions upsetting their target markets, and even perhaps a trade war....
Canada's Teck sees CIC stake triple value
The CEO of Canadian diversified mining business Teck Resources Ltd. has emphasized the success of the China Investment Corporation (CIC)'s July 2009 $1.5 billion private placement into the company, which he said had tripled in asset value since the deal....
Sehgal in litigation with SCPL in Singapore over bonus, Parkway exit
Sanjay Sehgal, currently Managing Partner and CEO at East West Capital, has filed a suit in Singapore's High Court against the firm where he was formerly a partner, Symphony Capital Partners Ltd., over a bonus allegedly due to him, including profits from...
SVCA Awards, Hall of Fame showcase Singapore's private equity and VC brightest
The Singapore Venture Capital and Private Equity Association (SVCA) has released the results of its inaugural SVCA Annual Awards, with winners recognized in four categories, as well as inducting five local VC and private equity pioneers into its Hall...
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...
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...
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.
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.
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.
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.
China private equity shooting for world No.1?
The latest market data and market moves point to China’s inexorable rise to become the leading private equity market, as it is the leading economy, in Asia Pacific.