Hong Kong (China)
Proskauer adds to Asia funds group
Global law firm Proskauer has appointed Lynn Chan as a consultant to the private investment funds group, working out of Hong Kong. She was previously a counsel in the investment funds practice at O’Melveny & Myers in Hong Kong and Singapore.
TPG to buy 21st Century Fox stake in Phoenix Satellite TV
TPG Capital has agreed to buy a 12.15% stake in Chinese satellite television operator Phoenix Satellite Television Holdings from 21st Century Fox for HK$1.66 billion ($214 million).
Hutchison Whampoa abandons Parknshop sale plan
Hutchison Whampoa has abandoned plans to sell Hong Kong supermarket chain ParknShop, after it had reportedly attracted bids from the likes of KKR, TPG Capital and a number of strategic investors.
Alibaba will not pursue Hong Kong listing
Alibaba Group has decided not to pursue a Hong Kong IPO after efforts to persuade the exchange to accommodate a shareholding structure that allows management to retain control of the business met with a lukewarm response. It is unclear where the listing...
IDG, Temasek-backed mobile game operator eyes $123m HK IPO
Singapore-based mobile game developer I Got Games (IGG), which is backed by IDG Technology Venture Investment and Temasek Holdings, intends to raise as much as HK$950 million ($123 million) through an IPO in Hong Kong.
VC-backed Forgame raises $206m in HK IPO
Forgame Holdings, a Chinese mobile game developer backed by several VC firms, saw its stocks jump 32.4% to HK$67.50 ($8.7) a share on its first day trading following its $206 million Hong Kong IPO yesterday.
Portfolio: CVC Capital Partners and Hong Kong Broadband Network
Hong Kong has one of the most saturated and advanced broadband markets in the world. Finding new areas of growth is difficult but not impossible, says Hong Kong Broadband owner CVC Capital Partners
HK’s Shining Capital leads $40m JustFab Series C round
Hong Kong-based Shining Capital Management has led a $40 million Series C round of funding for US-based fashion subscription e-commerce retailer JustFab. Existing backers Matrix Partners, Rho Ventures, Technology Crossover Ventures and Intelligent Beauty...
PE-backed Cheniere Energy Partners files for $690m IPO
Cheniere Energy Partners (CEP) - a subsidiary of Cheniere Energy, a US liquefied natural gas (LNG) company backed by Hong Kong's RRJ Capital and Blackstone credit arm GSO Capital - hopes to raise as much as $690million through an IPO on the New York Stock...
China Private Equity Investment exits AIP Global to Capital VC
China Private Equity Investment Holdings (CPE) has agreed to sell its entire holding of 2.45% in AIP Global, a Hong Kong-based investment holding company that focuses on the financial sector, to Capital VC for HK$15 million ($19 million).
Sequoia Capital leads $15m Series C in App Annie
Sequoia Capital has led a $15 million investment in app analytics platform App Annie, with participation from existing investors IDG Capital Partners, Greycroft Partners, e.ventures and Infinity Venture Partners. Tim Lee, partner at Sequoia Capital and...
Hong Kong start-ups: The Silicon Harbour
Hong Kong is touting itself as Asia's next great tech start-up hub. It must first address expensive real estate, the role of government as facilitator, and strategic positioning vis-à-vis mainland China
Walkers adds to Hong Kong investment funds group
Walkers, a global law firm specializing in offshore services, has appointed Mark Cummings as counsel in its investment funds group in Hong Kong. Cummings, who joins the firm from Appleby, advises private equity and hedge fund managers on establishing...
Hong Kong investors contemplate "Silicon Harbour"
Hong Kong has the potential to become an innovation center for Asia, say industry participants, but not quite in the mold of Silicon Valley.
Litigation funds: The justice league
Litigation financiers are increasingly looking for opportunities in Asia, many making their investments out of private equity-style funds. But do they bring the same returns?
COFCO PE unit to back Huishan Dairy IPO – report
The PE unit of Chinese food conglomerate COFCO will be among the cornerstone investors in milk producer China Huishan Dairy Holdings, which plans to list in Hong Kong in September.
Carlyle, Milestone, Orchid Asia among cornerstones for China Tenwow IPO
The Carlyle Group, Milestone Partners and Orchid Asia will participate as cornerstone investors in the proposed Hong Kong IPO of Chinese packed food and beverage producer Tenwow International. The private equity investors will inject a combined of $92.3...
Composition Capital appoints Head of Asia Pacific
Real estate fund manager Composition Capital Partners has appointed Whye Choong Low as principal and new Head of Asia Pacific at its Hong Kong office. He will be in charge of both running the company's Asia Pacific operations and expanding its activities...
KKR, TPG drop out of ParknShop bidding – report
KKR and a consortium featuring TPG Capital consortium have reportedly been dropped from the auction of ParknShop, the Hong Kong supermarket chain owned by Hutchison Whampoa.
Alvarez & Marsal appoints Asia forensic, disputes services head
Alvarez & Marsal (A&M), performance improvement, turnaround and business advisory services provider, has appointed Keith Williamson as Asia leader of its global forensic and dispute business in Hong Kong and China.
PE firms bid for Fortis’ Quality Healthcare - report
The Carlyle Group, Advent International and Mitsui and Co. are among the 10 bidders for Hong Kong’s Quality Healthcare Medical Services, which is being sold by PE-backed Fortis Healthcare.
Seven PE firms, strategics bid for Hong Kong’s ParknShop – report
Seven private equity and strategic investors have reportedly submitted initial offers for ParknShop, the Hong Kong supermarket chain owned by Hutchison Whampoa. The business, which is ultimately controlled by Li Ka-shing, Asia’s wealthiest individual,...
Citigroup names new COO
Citigroup has appointed Michael Borch as its new chief operating officer for corporate and investment banking (CIB) in Asia Pacific, replacing Christopher Laskowski who has been in the role since 2010.
Asia Pacific Capital completes $25m Series C round for Ciris Energy
Hong Kong-based Asia Pacific Capital (APC) has invested $15 million in Ciris Energy, a US company that converts coal to natural gas, concluding a $25 million Series C round of investment.