Cognetas
Secondaries: GPs for hire
Many first-time fund managers in Asia are expected to have trouble raising successor vehicles. Secondary investors sense the opportunity to tide over GPs by acquiring their existing portfolios
Lazard appoints Peter Kuo as MD
Financial advisory and asset management firm Lazard has appointed Peter Kuo as managing director and head of equity capital markets in Asia, effective immediately. Kuo joins from diversified management group Cowen and Company, where he was managing director.
Chinese autopart maker buys KSM from European buyout firm
European buyout firm Cognetas has sold German auto-parts supplier KSM Castings to China’s CITIC Dicastal Manufacturing for an undisclosed sum. Reports estimate that transaction’s value at EUR300 million ($430.5 million).