Hong Kong (China)
Hong Kong PE: Institutional outpost
Hong Kong's regulatory approach can cause headaches for GPs, but the territory offers investors a number of advantages as well
Gaw Capital leads Australian student accommodation acquisition
Hong Kong private equity firm Gaw Capital Partners has led the purchase of an office building in Australia for conversion into student accommodation.
General Atlantic promotes two Asia PE professionals
General Atlantic has promoted Mumbai-based Shantanu Rastogi and Hong Kong-based Erin Chang.
Australia's IFM opens Hong Kong office
IFM Investors, an investment manager owned by 29 Australian superannuation funds, has opened an office in Hong Kong and been granted a license by the Securities & Futures Commission.
Hong Kong tax: A life less certain
Hong Kong introduced legislation intended to give private equity investors greater tax certainty, but the implementation guidelines have moved it further from this goal. The implications could be wide-ranging
IFC proposes $25m investment in CompareAsiaGroup
The International Financial Corporation (IFC), the investment arm of the World Bank, has proposed an investment of up to $25 million in Hong Kong-based financial comparison platform CompareAsiaGroup.
VC-backed Chinese snack maker targets $427m HK IPO
Zhou Hei Ya, a Chinese mass-market braised food producer backed by IDG Capital Partners and Tiantu Capital, is looking to raise up to HK$3.3 billion ($427 million) through a Hong Kong IPO.
ADIA to open Hong Kong office
Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund of the government of Abu Dhabi, has announced plans to open an office in Hong Kong.
Hong Kong tax policy: An unfortunate first
Hong Kong is the only major international center openly seeking to treat carried interest as income rather than capital gain for tax purposes. The private equity industry wants to know where it stands
Deal focus: AID returns to the MCN space
Multi-channel networks that raise online content creators' views are expected to thrive as profit-sharing spreads among video platforms. AID hopes to take advantage with its investment in Freedom! Network
Sixpoint hires Diamond Dragon's Tan to head Asia distribution
Placement agent and secondaries advisory firm Sixpoint Partners has appointed Joan Tan, formerly of Diamond Dragon Advisors, as managing director and head of Asian distribution.
Hong Kong's AID Partners acquires YouTube partner network
Hong Kong-based private equity firm AID Partners has agreed to acquire a majority stake in Freedom! Network, a multi-channel network on YouTube, for HK$468.1 million ($60 million).
Deal focus: Grana takes fashion to the information edge
With $10 million in Series A funding, Hong Kong fashion e-commerce business Grana is looking to accelerate expansion of its high-automation, low-cost and high-quality service offering
Abacus, Gaw partner on Australia real estate fund
Hong Kong-based private equity real estate investor Gaw Capital Partners has partnered with Australia's Abacus Property Group on an Australia-focused real estate fund.
Deal focus: Tricor attracts a scarcity premium
Permira fought off the competition to secure Hong Kong-headquartered corporate and investor services provider Tricor Global. Now the GP plans to pursue a buy-and-build strategy
Permira to buy Hong Kong-based corporate services provider for $835m
Permira has agreed to buy Tricor Holdings, a Hong Kong-headquartered business, corporate and investor services provider, from Bank of East Asia (BEA) for HK$6.47 billion ($835 million).
MBK, TPG to buy Wharf's telecom business for $1.2b
MBK Partners and TPG Capital have agreed to acquire Hong Kong telecom services provider Wharf T&T from its parent company The Wharf Holdings for HK$9.5 billion ($1.2 billion).
Alibaba fund leads $10m Series A for Hong Kong's Grana
Hong Kong-based online fashion start-up Grana has raised a $10 million Series A round led by the Alibaba Group's Hong Kong Entrepreneurs Fund.
Hong Kong hospitality technology firm Tink Labs raises $125m
Tink Labs, a Hong Kong-based start-up that provides hotel guests with free smart phones, has raised $125 million in a new round of funding led by existing investor FIH Mobile, a Hong Kong-listed unit of Taiwan’s Foxconn Technology Group.
Hony invests another $193m in Lee & Man Handbags
Hony Capital has agreed to invest HK$1.5 billion ($193 million) in convertible bonds issued by Lee & Man Handbags, a Hong Kong-listed handbag manufacturer, potentially taking its interest in the company past 80%.
Lindeman Asia backs China's Cogobuy – update
Lindeman Asia Investment has joined China Reinsurance and People's Insurance Company of China in a HK$2 billion ($258 million) investment in Hong Kong-listed e-commerce company Cogobuy.
Sun Hung Kai appoints Sebastiaan van den Berg as CIO
Sebastiaan van den Berg, previously a managing director at HarbourVest Partners, has become CIO and head of principal investments at Hong Kong-based Sun Hung Kai & Co.
Hong Kong's WeLab gets $25m credit facility from ING
ING Bank has extended a $25 million credit facility to Hong Kong’s WeLab, a private equity-backed mobile lending and credit analytics platform.
China's Zhongwang acquires PE-owned Aleris for $2.3b
A unit of China Zhongwang has agreed to buy US aluminum company Aleris Corporation in a deal worth $2.3 billion, facilitating an exit for majority owner Oaktree Capital Management.