Regulation
ILPA polishes its private equity principles
New version incorporates more GP and LP input aimed at increasing focus, clarity and practicality on both sides of the private equity equation.
Lone Star may face another tax issue
Lone Star may face yet another tax issue, currently blocking its exit plan for its majority stake in Korea Exchange Bank (KEB).
Overseas LPs welcome
Clifford Chance Partners explain what’s in store for foreign LPs looking to convert their currencies into reminbi for private equity investment under Shanghai’s new, liberalized QFLP pilot program
The RMB and Chinese private equity
Chinese leader Hu Jintao will meet with his American counterpart, Barrack Obama this week in the US. While geo-political issues will feature in the summit, economic and trade issue will loom large in the agenda in this meeting, described as the most important...
Temasek pays antitrust fine
Indonesia’s antitrust agency (KPPU) has reportedly announced that Temasek Holdings has paid 15 billion rupiah ($1.66 million) through its partially owned affiliate, PT Telkomsel, as its portion of an outstanding fine owed after the group was found in...
ILPA updates Private Equity Principles
The Institutional Limited Partners Association (ILPA) has released an updated version of its Private Equity Principles and the first of its five recommended Standardized Reporting Templates that aims to drive best practices and support long-term partnerships...
PRC government takes first measure to allow overseas PE investing
Shanghai is to be the first territory in China in which overseas investors will be allowed to convert their foreign currency into renminbi for the use of private equity investing, Shanghainese authorities announced.
Global directives and PE
Private equity investing can be thwarted, stalled or propelled into action in certain countries based on legal and tax structures. AVCJ looks at what may affect the industry in 2011.
You've been served
Recent developments have highlighted the personal – and legal – issues that can arise when private equity firms and their senior staff part company.
No takeaway for QSR bidders
The brief flurry of excitement around the majority stake in Malaysian integrated food services business QSR Brands Bhd held by palm oil and plantation giant Kulim ended without result, when Kulim announced that it intended to hold on to the division....
Siguler Guff files complaint against Boyazny over BRIC investment info, other data
Global private equity firm Siguler Guff & Co. has filed a complaint and summons in the Supreme Court of the State of New York against Maria Boyazny, who recently left the firm to found her own investment group, MB Global Partners, stating that "Boyazny...
Temasek to manage Singapore government Heliconia co-investment program
Singapore SWF Temasek Holdings is to manage the first phase of the Singapore government-backed co-investment program announced earlier this year, which aims to invest up to S$1.5 billion ($1.15 billion) in co-investments with private equity firms into...
Australian Taxation Office upholds TPG Myer ruling: reports
The Australian Taxation Office has reinforced its original judgment that followed its pursuit of TPG Capital in November 2009 for payment of income tax on its exit from local department store investment Myer, according to reports.
Jury still out on Shanghai RMB QFLP program
The reported approval by China's State Administration of Foreign Exchange (SAFE) of a $3 billion quota for the Shanghai municipal government to allow foreign currencies to be converted into RMB for investing into local private equity funds has been hailed...
The cleantech sector: renewable?
Since the COP15 debacle in Denmark nearly a year ago, it has been more or less all downhill for the clean/green sector that as recently as 2008 looked to be on the threshold of political and market breakthroughs – notably in carbon pricing – that most...
What to do in China?
The recent news that China's State Administration of Foreign Exchange has granted the $3 billion RMB foreign exchange quota necessary to kick off the Qualified Institutional Limited Partner (QFLP) scheme in Shanghai seems to have sparked off quite a few...
Blackstone-backed Bluestar Adisseo Nutrition Group cancels Hong Kong IPO
Bluestar Adisseo Nutrition Group, the Hong Kong-registered animal feed producer owned by Blackstone Group investee China National BlueStar (Group) Co., has scrapped its planned listing on the Hong Kong Stock Exchange this month, due to the sudden onset...
Shanghai RMB QFLP program still missing key steps
Latest reports indicating that China's State Administration of Foreign Exchange (SAFE) has approved a $3 billion quota for the Shanghai municipal government to allow foreign currencies to be converted into RMB for investing into local private equity funds...
Legalese in India
There is no question that India's macroeconomic indicators make it a compelling market.
Insights from the India Web Seminar 2010
An online panel aired ahead of the 11th annual AVCJ India Forum explored the economic outlook for India, the abundance of uninvested capital in the market and difficulties for foreign firms in highly regulated sectors.
Carlyle gets Taiwan telecom regulator clearance for Kbro sale
The Carlyle Group has received approval from Taiwan’s media and telecoms regulator, the National Communications Commission, for the sale of its local cable TV and broadband asset Kbro to the Tsai family, for some T$36 billion ($1.2 billion). Carlyle has...
Kobre & Kim opens in Hong Kong for international litigation, fund and regulatory practice
US law firm Kobre & Kim LLP, which focuses on litigation, arbitration and investigations, has announced the opening of its first Asian office, in Hong Kong, to be led by William McVovern, a former Executive Director at Morgan Stanley in Hong Kong and...
Broad sunlit uplands?
The annual Asian gathering of all the best and brightest in the region’s private equity concluded with an upbeat mood that few would have predicted the same time a year ago.
Beijing Financial Assets Exchange allows PE funds to be listed
China has implemented a new policy that allows private equity fund positions to be traded on the Beijing Financial Assets Exchange (BFAE), according to the official announcement on its website.