Performance
Bery claims $30.8 million from JPM
Varun Bery, and co-founder of TVG Capital Partners, and later co-head and MD of JPMorgan’s private equity investment arm in Asia Pacific, JPMorgan Private Capital Asia, is now suing the bank over $30.8 million.
Deal drivers across Asia Pacific
As three-figure deals on both the entry and exit side – and in the case of some secondary transactions, both – start to rack up across the region, 2010 is already looking like a bustling year for Asia Pacific.
Know your limits
One of the most interesting findings in Squadron Capital’s Asia Pacific Private Equity Fund Terms Survey on regional adherence to the International Limited Partners Association principles on fund t&c was not about the ILPA Principles at all.
NZ Yellow Pages LBO debt in standstill deal
Bank lenders who provided the leverage for CCMP Capital Partners Asia (now Unitas Capital) and Teachers' Private Capital's 2007 LBO of New Zealand's Yellow Pages Group have agreed to a standstill on debt repayments until end May.
Taizinai liquidiation challenged
In the latest, not unexpected, complication in the attempts by private equity investors and debt-holders to recover money from struggling PRC milk drinks producer Hunan Taizinai Group, the company's chairman, Li Tuchun, is said to be resisting efforts...
ATO delay ominous for Oz PE
The Australian Taxation Office has delayed two rulings on profits from private equity transactions until end May, indicative of a harder stance on the issue, according to some observers.
Coller EMPEA Survey: great expectations
THE LATEST EMPEA/COLLER Capital Emerging Markets Private Equity Survey, based on a poll of 151 institutional investors worldwide conducted by AVCJ Group’s sister organization IE Consulting, shows new levels of commitment and interest for emerging markets...
Asian fund T&Cs acceptable, finds Squadron
An independent survey by Hong Kong-headquartered private equity fund-of-funds manager Squadron Capital has found that terms and conditions of Asia Pacific private equity funds compare variably against US and European funds in terms of their compliance...
MVCA Awards show Malaysia success
The Malaysian Venture Capital and Private Equity Association (MVCA) Annual Dinner & Awards, supported this year by AVCJ, showcased the best achievements of private equity and venture capital in backing innovative companies throughout Malaysia.
A 'taxing' situation in Japanese private equity
Japan's private equity market is broadly viewed as a domestic industry for local GPs and LPs, with the exception of a few well-known global buyout giants.
Japan's private equity market: The LP perspective
Japan's private equity investment space, currently shows a relatively busy domestically-supported mid-market alongside a patchy-to-moribund big buyout sector populated by major international firms.
Taizinai puts China risk on show
The deteriorating situation around Hunan Taizinai Group, a PRC dairy company now in provisional liquidation with RMB3 billion ($440 million) in debt, is turning into quite a lesson on the risks of emerging markets investing, particularly in China.
Caveat emptor
Only a few weeks ago it was all looking so easy for Asia Pacific dealmaking.
Primus: No plans to exit EON
Primus Pacific Partners has stated publicly that it has no plans to exit Malaysian investee EON Capital Bhd, despite an earlier rejected $1.4 billion takeover bid by Hong Leong Bank.
Actis, Goldman, Morgan Stanley's Taizinai collapses with $440 million debts
Actis Capital, Goldman Sachs, and Morgan Stanley investee Hunan Taizinai Group, a PRC dairy company, has gone into provisional liquidation with RMB3 billion ($440 million) in debt.
Building a better Asia – public, private, partnerships and profits
The growing discrepancy between Asia’s phenomenal productivity growth and its slow progress in the roll-out of critical infrastructure threatens the region’s potential growth.
Mid-cap vs buyouts: may the best financing win
The year following the collapse of Lehman Brothers and the onset of the global financial crisis was not a good one for Japan.
Saban Capital, Lionsgate form Tiger Gate JV
Saban Capital Group, a leading US media and communications investment firm, has partnered with US studio Lionsgate to operate Tiger Gate, the new Asian-focused martial arts, action and horror pay-TV distributor and operator.
New Silk Route may take Temasek, Kotak, New Vernon out of INX
New Silk Route Partners has begun talks with fellow investors in India's struggling INX Media, Temasek Holdings, Kotak Private Equity and New Vernon Private Equity, to buy them out of the business.
Dance till the music stops?
As this week’s news demonstrates, more large deals are coming to market in what looks like a great spring for private equity deals across the region.
The mill wheels churn
Two big investments in one week follow two major trade sales in the previous week.
Japanese private equity: Mount Fuji rumbles?
Maya Ando, AVCJ Japan Editor, delivers an update from the Japan market
Yale ups private equity allocation after poor 2009
The Yale Endowment, the $16.3 billion LP for Yale University, decided in July 2009 to up its private equity commitment level from 21% to 26% of its portfolio, despite a 24.3% loss on the asset class over 2009.
Hu move highlights Goldman's role
The news that Dr Fred Hu, Managing Director and Chairman of Greater China at Goldman Sachs, is retiring from the star investment bank after only two years in his current role, reportedly with plans to launch his own private equity fund, underlines the...