Hong Kong (China)
TA-owned SpeedCast acquires Australia's Pactel
TA Associates-backed SpeedCast has acquired Pactel International, an Australia-based satellite communications service provider for an undisclosed sum, as part of effort to strengthen its presence in Asia.
AMCG invests $30m in Chevalier for Moraitis acquisition
Asia Mezzanine Capital Group (AMCG) has invested in $30 million in Chevalier International Holdings, aiding its acquisition of Australia's Moraitis, a fruit and vegetable wholesaler backed by Catalyst Investment Managers. AMCG provided the financing via...
UK drug developer Vectura partners PE on China JV
Vectura, a UK-based drug company, has teamed up with Hong Kong-based PE investor Zendex Bio Strategy and Tianjin KingYork Group to form a joint venture that will develop respiratory products in China and other Asian markets.
Partners Group invests in Hong Kong warehouse
Switzerland-based private equity firm Partners Group has invested in a warehouse building in Hong Kong’s Kowloon East for an undisclosed sum. The warehouse is earmarked for conversion into a class A office building.
Citigroup names Christoper Laskowski as head of Hong Kong CIB
Citigroup has appointed veteran private equity banker Christopher Laskowski as head of corporate and investment banking for Hong Kong.
Ropes & Gray recruits new M&A lawyer to HK office
Global law firm Ropes & Gray has just recruited capital markets and M&A lawyer Victoria Lloyd to its Hong Kong office.
Kuwait-based Asiya launches Hong Kong operation
Kuwait’s Asiya Investments has opened a Hong Kong office, only its third service center globally, in response to rising demand from Arab investors for exposure to Asia.
Brick eagle to invest $50m in India real estate
Hong Kong-headquartered Brick Eagle Capital Advisory is planning to invest around $50 million in Indian real estate.
CVC, RBS complete Samsonite exit
CVC Capital Partners and Royal Bank of Scotland (RBS) have completed their exit from Hong Kong-listed Samsonite International through a $528 million share sale. The two investors previously made several partial exits from the luggage company since taking...
AID Partners invests in Prime Focus' movie special effects unit
Hong Kong-based private equity firm AID Partners has invested $10 million in Prime Focus World (PFW), a global entertainment services company and wholly-owned subsidiary of Indian media company Prime Focus.
Li Ka-Shing's Horizon Ventures leads Nipendo round
Horizons Ventures, which manages VC investments for Hong Kong magnate Li Ka-Shing, has led an $8 million series B round of funding in Nipendo, a cloud-based trading community platform.
Fung Capital to invest in JV with India's Future Group
Fung Capital, the private equity arm of the family owners of Li & Fung Group, will invest in a wholesale joint venture with India’s Future Group. Fung Capital is expected to hold at least a 26% stake in the venture with Kishore Biyani and his family,...
AID Partners makes bet on HMV
The rise of services like iTunes and Spotify are enough to make any record store business shudder. Factor in the proliferation of file-sharing services and online piracy, and it is inevitable former giants like the UK's HMV seem to be going the way of...
Hunting the lion city
When John Tsang, Hong Kong’s financial secretary, extended the private equity industry a significant tax incentive in last week’s budget, it was presented in the wider context of encouraging more funds to domicile in the territory. In some quarters, this...
Northstar, tycoon buy stake in Hutchison's Indonesia unit
Northstar Pacific Partners is part of an investor group that has purchased a 35% stake in Hong Kong-based Hutchison Whampoa’s Indonesian telecom business. The transaction facilitates the exit of Thai conglomerate Charoen Pokphand.
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.
Hong Kong extends offshore funds tax exemption to private equity
Private equity investors will qualify for the profits tax exemption extended to offshore funds in Hong Kong as part of government efforts to encourage more vehicles to domicile in the territory.
Everbright to support Termbray Petro-King's Hong Kong IPO
Everbright Private Equity will participate as a cornerstone investor in Termbray Petro-King Oilfield Services' HK$847.5 million ($109 million) Hong Kong IPO.
Michael Di Cicco joins Heidrick & Struggles' Asia PE practice
Michael Di Cicco has joined executive search firm Heidrick & Struggles as a partner at its financial services practice in Singapore. Di Cicco will lead the private equity practice for Asia Pacific and work with practice leaders in the US and Europe.
Brookfield hires Niel Thassim as Head of Asia
Brookfield Asset Management has hired Niel Thassim as head of Asia with its Hong Kong-based private funds group.
CITIC Capital Japan-backed Tri-Wall acquires DS Smith unit
Tri-Wall, a Hong Kong-headquartered heavy-duty cardboard manufacturer backed by CITIC Capital Partners, has acquired the UK Tri-Wall unit of British packaging firm D.S. Smith.
RRJ Capital acquires kidswear brand Kingkow
RRJ Capital has acquired a 75% stake in Hong Kong-based children's wear retailer Kingkow.
Orchid-backed Time Watch raises $105m in Hong Kong IPO
Time Watch Investments has raised HK$810 million ($105 million) in its Hong Kong IPO after pricing shares at the top end of the indicative range. Orchid Asia participated as a cornerstone investor, taking just over one quarter of the 600 million shares...
Kirkland & Ellis adds Chinese PE lawyer to HK office
Kirkland & Ellis has added private equity M&A specialist Frank Sun to its Hong Kong practice. Sun joins the firm as a partner from US rival Paul Weiss.