China
AVCJ at 25: X.D. Yang of The Carlyle Group
X.D. Yang, managing director and co-head of Carlyle Asia Partners, joined the buyout firm as it sought to up its game in China. A hugely successful insurance investment remains the landmark deal, but he expects to see more
AVCJ at 25: Michael B. Kim of MBK Partners
Michael B. Kim, founding partner of MBK Partners, left The Carlyle Group in 2005 to set up his own private equity firm. The time was right, the capital was available, and there was a desire to become more local
AVCJ at 25: Finian Tan of Vickers Capital
Finian Tan, founder and chairman of Vickers Capital Group, identified Baidu as a start-up and guided the search engine provider all the way to IPO. It was the first in a string of post-tech bubble investments in Chinese internet companies
AVCJ at 25: Lip-Bu Tan of Walden International
Lip-Bu Tan, founder and chairman of Walden International, plotted the route by which foreign venture capital entered China’s internet sector, as well as guiding dozens of Asian companies from start-up to listing
AVCJ at 25: Roy Kuan of CVC Capital Partners
Roy Kuan, managing partner at CVC Capital Partners, witnessed a transformation in private equity in the wake of the Asian financial crisis. Suddenly he was in the buyout business, carving out assets from distressed conglomerates
AVCJ at 25: Weijian Shan of PAG
Weijian Shan, chairman and CEO of PAG, made his name in private equity turning around troubled companies for Newbridge Capital. Two bank deals helped open international investors’ eyes to the Asia buyout opportunity
AVCJ at 25: George Raffini of Headland Capital Partners
George Raffini spent 21 years with HSBC’s Asia private equity unit before the team spun out to form Headland Capital Partners in 2010. He witnessed Asia reach new highs in the 1990s before brutally falling to earth
AVCJ at 25: Lewis Rutherfurd of Inter-Asia Venture Management
Lewis Rutherfurd, co-founder of Inter-Asia Venture Management, has been active in the industry for 40 years. During that time he brought McDonald’s and Ikea to Hong Kong – and set up Asian Venture Capital Journal
Morgan Creek to deploy over half of Fund II in China – report
Morgan Creek Capital reportedly plans to deploy at least 60% of its next Asian fund-of-funds in China. The vehicle, the firm’s second dedicated to the region, has a target of $300 million.
Life sciences VC investor Domain creates China partnership
US-based venture capital firm Domain Associates has teamed up with Chinese financial advisor Elite Consulting to support Western healthcare companies entering China. Several global VC investors and related service providers have been bulking up their...
DCM, Sequoia to reduce holdings in China’s Vipshop
DCM and Sequoia Capital will trim their holdings in Vipshop as the US-listed Chinese e-commerce site raises around $181 million through a share issue.
Mercer restructures Asia investments team
Mercer has shuffled its Asia investments team following the creation of a new growth markets region, including Asia, the Middle East, Africa and Latin America.
Hony supports $505m take-private of Simcere Pharmaceutical
Hony Capital is backing a $505 million management buyout of Chinese drug developer Simcere Pharmaceutical Group. It takes the number of take-private deals involving US-listed Chinese companies to 13, according to AVCJ Research.
MGPA acquires Shanghai office building
MGPA has acquired J-Tower, a newly completed Grade A office building in Shanghai's Jiading district for RMB263.5 million ($42 million).
KPCB, IDG-Accel invest $10m in China's EntreMed
KPCB China and IDG-Accel China have agreed to invest $10.7 million in EntreMed, a clinical-stage pharma company that develops drugs in the US and China for global release.
Morgan Stanley to complete $147m China dairy take-private
Morgan Stanley Private Equity Asia (MSPEA) is on the cusp of completing a $147 million buyout of Chinese dairy producer Feihe International after the board accepted a bid from the PE firm in conjunction with the company’s chairman and CEO. It is the...
CapitalAsia backs Canadian copper miner
CapitalAsia has agreed to invest $1.2 million in Toronto-listed copper miner Cadillac Ventures via the Sino-Canada Natural Resources Fund.
No date set for resuming China IPO approvals – CSRC
The China Securities Regulatory Commission (CSRC) has yet to set a timetable for resuming IPO approvals, scotching rumors that it would start pushing through new candidates in April, an official from the securities watchdog told Xinhua news agency.
Apax, Permira-backed New Look eyes China expansion
UK fashion retailer New Look, which is backed by Apax Partners and Permira, is looking to expand into China.
7 Days board agrees to PE-backed buyout
Chinese budget hotel chain 7 Days Group has accepted a take-private offer from its co-chairmen and three private equity investors that values the company at approximately $688 million. Two PE firms, The Carlyle Group and Sequoia Capital, were initially...
Carlyle-backed China Fishery in $277m Peruvian deal
China Fishery, an industrial fishing company part-owned by The Carlyle Group, will pay $555.8 million for Peruvian counterpart Copeinca. The acquisition will make China Fishery the largest player in the world’s largest market by volume for fishmeal...
China’s Beisen gets Series B funding from Matrix, Sequoia
Beisen, a Chinese supplier of HR evaluation and testing tools and services, has received $10 million in Series B funding from Matrix Partners and Sequoia Capital. It comes three years after the company’s first-round of financing, which saw Shenzhen...
AID Partners buys HMV's Asia operations
AID Partners has bought music and movie retailer HMV's operations in Hong Kong and Singapore, plus all its licenses in mainland China, Macau and Taiwan.
RRJ, Blackstone boost holding in Cheniere Energy
RRJ Capital and GSO Capital, The Blackstone Group’s credit arm, have bought the bulk of $372 million in shares issued by Cheniere Energy Partners, a limited partnership that controls America’s fire liquefied natural gas (LNG) export plant.