FountainVest Advisors
China education player Zuoyebang raises $750m
Zuoyebang, a Chinese K-12 education platform that spun out from domestic search giant Baidu, has raised $750 million in Series E funding led by Fountainvest Partners and Tiger Global Management.
Fosun expresses support for Focus Media take-private
China's Fosun International, Focus Media’s second-largest shareholder, with a 17.2% stake, said the recent take-private proposal for the Shanghai-based advertising company by a private equity consortium is an attractive option for shareholders. Fosun’s...
Focus Media receives $3.5b buyout offer from PE players
US-listed Focus Media has received a $3.5 billion offer from its chief executive and a group of private equity giants to take the company private. If the deal goes through, the leveraged buyout could be China's largest, and Focus Media could be the largest...
Asia fundraising: A box-checking exercise
Was I surprised last week to find out that FountainVest Partners had accumulated more than 80% of the capital targeted for its second China fund after less than five months on the road? Not particularly. In a difficult fundraising environment, this particular...
FountainVest reaches first close of $1b on second China fund
FountainVest Partners has reached a first close of just over $1 billion on its second China-focused fund. The vehicle has only been in the market for about four months, but it is already nearing its full target of $1.25 billion. Sources familiar with...
San Diego pension fund commits $50m to FountainVest
The San Diego County Employees Retirement Association (SDCERA) has committed $50 million to FountainVest China Growth Capital Fund II. FountainVest Partners, set up by former Temasek Holdings executives in 2007, raised $950 million for its first vehicle...
Man in the middle: Placement agents in Asia
Placement agents are building up resources in Asia as the region becomes more significant as a fundraising location. Some GPs are keen to build long-term relationships, but others take more convincing
Washington State Investment Board re-ups in FountainVest
Washington State Investment Board has committed $150 million to FountainVest China Growth Capital Fund II. FountainVest Partners, set up by former Temasek Holdings executives in 2007, raised $950 million for its first vehicle four years ago and is targeting...
Western strategic partnerships ‘lead to conflict’
Partnering with strategic investors based in the West often leads to difficulties for Asian portfolio companies, Frank Tang of Fountainvest Partners said at the AVCJ PE Leaders' Summit in Hong Kong yesterday.
FountainVest, Spring Capital buy into Chinese jewelry distributor
China-focused PE firms FountainVest Partners and Spring Capital Asia have bought a 28.27% stake in China-based Enzo Jewelry for more than $41 million, coming as Enzo’s owner, LJ International, considers spinning Enzo off via an IPO in the future.
FountainVest taps into local PIPE deal
Hong Kong-based PE firm FountainVest Partners had sealed an investment deal with LK Technology, a domestic die-casting machine manufacturer, for HK$400 million ($51.3 million).
CalPERS PE data highlights MOR Asia
Asia on global par, later vintages lag
Entertainment and media is where it’s at
Just not as glamorous as you thought
Frank Tang of FountainVest
Frank Tang, CEO of China-focused private equity fund FountainVest Partners, talks about the composition of China's private equity market - which is in flux due to shifting government regulations - and addresses key trends he has seen on the mainland.
2010: A roaring Year of the Tiger?
A recovery, but where and how far?
2009: crisis what crisis?
Looking back over a turbulent year
Sina taps CITIC, FountainVest, Sequoia for $180 million
Sequoia Capital, FountainVest Partners and CITIC Capital Holdings have reportedly agreed to finance leading PRC web portal Sina in a $180 million management buy-in to reinforce the positions of CEO Charles Chao and other senior executives.