Performance
GOME spat with founder continues
In the latest development in the ongoing feud between Bain Capital investee HKSE-listed GOME Electrical Appliances Holding Ltd. and its disgraced and imprisoned founder Huang Guangyu, Huang has apparently sought to terminate procurement and management...
Bain sets conversion of GOME shares
Controversial Bain Capital investee GOME Electrical Appliances Holdings has revealed that Bain will exercise its convertible bond stake in the company before a special meeting scheduled for September 28, giving it a 10% effective position.
CIC may let China Asset Management handle some overseas investments
China Investment Corporation (CIC), China’s $300 billion sovereign wealth fund may appoint China Asset Management Co., the country’s largest fund manager, to oversee part of its offshore investments while the SWF is increasing its international exposure....
Summer heat
The traditional quite midsummer seems to have been anything but. All kinds of things appear to have been happening through mid-August, as dealmakers and fundraisers brave the heat to keep the momentum going that has already left the last quarter looking...
Portfolio Advisors now open in Hong Kong
Portfolio Advisors, a leading Connecticut-headquartered private equity investment advisory and portfolio management firm, has recently opened a new office in Hong Kong, its first Asian presence, under director Jonathan English.
Amit Chandra of Bain Capital
Amit Chandra, Managing Director of Bain Capital India, discusses why India tends to be over-built in its private equity industry and what that means for both short-term and long-term investments.
New private equity regulation: industry crisis averted, or postponed?
For many months now, the private equity segment in the US – whose rules and norms still set the terms for industry practice in Asia Pacific as elsewhere – has been beset by creeping insecurity.
Summer daze
AVCJ is taking a well-earned break, but astute readers will already have noticed that summer is a’coming in on anything but a quiet note.
PEP-backed REDgroup faces covenant setback
Just months after it was touted as a strong candidate for a public float, private equity-backed New Zealand book retailer REDgroup Retail is expected to breach two out of three of its banking covenants, due to its inability to pay back lenders under the...
CIC sees $41.66 billion net profit, denies Central Huijin spinout
China Investment Corp, the country's leading SWF, reportedly increased its net profit last year to $41.66 billion, up from $23.1 billion in 2008, 11.7% of it made from offshore investments.
Limited Partner Q&A: International Finance Corporation
AVCJ’s Brian McLeod talks to David Wilton, CIO of the Private Equity and Investment Funds Department at the International Finance Corporation, the private finance arm of the World Bank
The dynamics of secondaries
The coverage of the state of the Asia Pacific secondaries market earlier this month in AVCJ naturally leads one to consideration of how secondaries work, and what they can do for investors in the region – whether for local buyers or sellers, or outsiders...
Unitas, OTPP ready NZ Yellow Pages for sale
Offering up the asset that launched NZ's much-praised "yellow tree house" ad campaign, regional buyout firm Unitas Capital and its co-investor Ontario Teachers Private Capital have kicked off the exit process from boom-era Antipodean telecoms investment...
Navis VI nears $1.2 billion close
Leading Kuala Lumpur-headquartered regional investor Navis Capital Partners is approaching a $1.2 billion final close on its latest vehicle, Navis Asia Fund VI.
HSBC India's PE head resigns - reports
HSBC India’s Head of Principal Investments and Private Equity Gul Mukhey has departed his role after two and a half years at the bank, a move that comes as HSBC is considering spinning out of its private equity units - including HSBC Private Equity Asia...
"End of an era" for China
China's release of its official GDP growth figures for 2Q10 last week showed the economy heading for the soft landing sought by policymakers, with National Bureau of Statistics estimates citing 10.3% growth, down from 11.9% the previous quarter, and giving...
Entertainment and media is where it's at
According to PricewaterhouseCooper’s Global Entertainment & Media Outlook, following a depressed 2009, during which E&M spend fell 5.4% from 2008, the industry is experiencing a 5% compounded annual growth spurt with the extended forecast period to 2014...
Chindia, more Chindia
With the volume of China hype across the region, it’s good to receive a timely reminder of the other great growth market in the region: India.
Pantheon drops out of CIC secondaries mandate
Pantheon Ventures, the UK-headquartered fund-of-funds and investment management group, has declined to follow through on a mandate to manage $500 million of secondaries-focused separate accounts on behalf of the China Investment Corporation (CIC).
Temasek explains, may expand SeaTown role
As part of the release of its annual report, Singapore SWF Temasek Holdings has publicized further details of its new semi-autonomous investment arm SeaTown Holdings, reported as registered in February this year, and may expand the S$4 billion ($2.9 billion)...
Industry Q&A: Glenn Hubbard
AVCJ spoke to Glenn Hubbard, Dean of the Columbia Business School and former Chairman of the Council of Economic Advisers to George W. Bush, about current US attitudes toward private equity investment in Asia.
A schizophrenic industry?
The latest AVCJ Research figures on private equity activity in 2010 show an industry that is powering ahead in precisely the weakest areas for private equity in the West.
GATE says rolling out in Southeast Asia
GATE Technologies, a NYC-headquartered firm seeking to establish a series of online GATE Developing Marketplaces in illiquid securities and alternative assets, including private equity fund positions, has said that it "is in discussions with a Singapore-based...
Temasek annual report shows rebound
Singapore SWF Temasek Holdings' portfolio rebounded to S$186 billion ($134.4 billion) by the financial year ending March 31st 2010 - a figure that is slightly above 2008's S$185 billion ($133.7 billion), and well above 2009's S$130 billion ($94 billion),...