Region
Kroll makes China investigations hire
Kroll has appointed Miang Lee as associate managing director to its investigation and disputes practice in Hong Kong.
Australian GPs see strong investment climate, challenges for exits
Australia’s private equity investment environment is at its strongest in five years but this is tempered by managers facing more challenges selling portfolio companies, according to Anthony Kerwick, managing director at Pacific Equity Partners (PEP)....
OTPP closes in on Leighton's telecom assets
Australian contractor Leighton Holdings is in exclusive negotiations to sell 70% of its telecom assets Ontario Teachers' Pension Plan (OTPP), for around A$620 million ($634 million).
Warburg Pincus' Goldfaden to relocate to Australia - report
Warburg Pincus is to relocate Managing Director Jeffrey Goldfaden to Sydney as it looks to open a permanent office in Australia.
China's CSRC issues draft regulation on PE supervision
China’s securities regulator has issued draft rules that impose greater oversight on domestic private equity funds. The proposals, and in particular the watchdog role to be played by the Asset Management Association of China (AMAC), represent another...
Helion provides Series A round for India's Lifecell
Helion Venture Partners has committed INR350 million ($6.5 million) to a Series A round of funding for LifeCell International, India’s first and largest stem cell banking company. The capital will be used to expand LifeCell’s domestic presence and support...
CMIA, China Merchants complete China Farm take-private
CMIA Capital Partners and China Merchants Holdings have completed the privatization of Singapore-listed agriculture machinery manufacturer China Farm Equipment (CFE), following an investment of $23 million.
Deloitte sued over US-listed ChinaCast Education
Deloitte is being sued by a group of US investors over its auditing role at ChinaCast Education Corp. The Chinese company, which was backed by VC investors in its early years, went public in the US via a reverse merger in 2007 but has since been de-listed....
NZ Super appoints unlisted mandates manager
New Zealand Superannuation Fund has appointed Chris Jagger as manager with responsibility for unlisted mandates. He was most recently an investment director with Lloyds Development Capital in London and has previously worked at Future Fund, GI Partners,...
IREIFS expands SE Asia presence, targets Australasia and India
Paris-based private equity firm IREIFS Partners is to expand its Southeast Asian presence in response to increasing activity in the Asia Pacific region.
Apax makes partial exit from Apollo Hospitals
Apax Partners has exited part of its stake in India' s Apollo Hospital to Oppenheimer Funds for INR5.3 billion ($97 million).
Orix beats PE firms to buy Rabobank's Robeco
Orix has bought the asset management arm of Rabobank, Robeco, for EUR1.9 billion ($2.5 billion). The Japanese financial services firm will acquire a 90.1% stake in the company while Rabobank will retain 9.9%.
China's CIC makes invests in Moscow Exchange IPO
China Investment Corporation (CIC) participated as a cornerstone investor in Moscow Exchange’s $500 million IPO. The deal represents another collaborative effort between the Chinese sovereign wealth fund and its Russian counterpart, Russia Direct Investment...
AGCA, secondary investors buy CS legacy assets
Three years after Credit Suisse's Asia private equity team spun out, the assets they were tasked with managing have followed suit. Supported by HarbourVest Partners and Axiom Asia, Asia Growth Capital Advisors (AGCA) has acquired a portfolio of eight...
Advent generates 2.5x on rationalization play
Locker Group Holdings, an Australian metal products manufacturer recently exited by Advent Private Capital to US-based Valmont, is an example of post-global financial crisis rationalization.
Headland to take Malaysian Mamee overseas
As "official noodle sponsor" of English football team Manchester United, Malaysian snack and beverage firm Mamee Double Decker puts a lot of stock in the reputation of its brands. The challenge for Headland Capital Partners, which recently took a significant...
Investors flock to CRC's debut RMB fund
Renminbi fundraising weakened considerably over the course of 2012. Preliminary AVCJ figures showing that barely 20 vehicles attracted a total of $4.2 billion in the second half of the year, less than one third the amount raised in the previous six months....
Profile: IL&FS' Archana Hingorani
When Dr. Archana Hingorani swapped academia for industry, she ended up at the nascent IL&FS. Twenty years on, she is CEO of the company’s PE unit and recognized as a pioneer in Indian infrastructure
Healthy holidays: PE and medical tourism
Asia’s medical tourism sector is growing rapidly as visitors flock east for cheap surgical procedures. How big is the opportunity for private equity and where can it be found?
China e-commerce: End of the line
Burning through cash and with no public market exit in site, many of China’s e-commerce players are losing the confidence of their investors. New rounds of funding come at depressed valuations – if they come at all
The perils of over-ambition
Asahi's acquisition of Independent Liquor came towards the end of a period of frenetic outbound activity among Japanese beverage giants. Kirin bought Australia’s Lion Nathan, took a minority stake in Singapore-based Fraser &Neave and then rounded it off...
Korean GP EQ Partners gets investment from Reorient Group
Hong Kong-listed financial services provider Reorient Group has bought a one third stake in Korean private equity firm EQ Partners from Dongah Tire & Rubber, a Korean auto parts manufacturer, for KRW4.5 billion ($4.1 million).
Australian government commits $360m to innovation fund, clarifies VC structures
The Australian government will provide A$350 million ($360 million) in new funding for the Innovation Investment Fund to support small- and medium-sized enterprises (SMEs). Improvements have also been made to the early stage and venture capital limited...
KPMG hires PwC's Ambarish Dasgupta
KPMG India has hired Ambarish Dasgupta, former consulting leader with PricewaterhouseCoopers (PwC) India, to head up its management consulting practice in Mumbai.