Hong Kong (China)
Hong Kong launches start-up program
Hong Kong has launched a start-up program intended to attract local and global entrepreneurs to set up or expand their businesses in the city.
Credit China, jeweler Chow Tai Fook form RQFLP fund
Hong Kong jeweler Chow Tai Fook has teamed up with financial services provider Credit China and private equity firm VMS Investment to form a closed-end Renminbi Qualified Foreign Limited Partnership (RQFLP) fund. The vehicle, named Chongqing Run Ke Equity...
Limetree Capital targets $325m for car parking fund
Hong Kong-based Limetree Capital is targeting $325 million for its China Car Park Investment Fund, which will address the country's lack of parking spaces.
AID Partners-backed Prime Focus to open in China
Prime Focus, a global movie effects and entertainment company headquartered in India and backed by Hong Kong PE firm AID Partners Capital, is to open an office in Beijing.
Carlyle-backed New Century REIT targets $254m HK IPO – report
China’s New Century Group, a portfolio company of the Carlyle Group, is seeking to raise as much as $254 million through an IPO offering by a real estate investment trust (REIT) in Hong Kong.
AlpInvest's Hong Kong secondaries head steps down
AlpInvest has confirmed that the head of its secondaries team in Hong Kong, Neal Costello, has left the company after less than a year in the role.
Providence Equity loses Asia MD - report
The head of Providence Equity Partners' Hong Kong office, Patrick Corso, has reportedly resigned. It is the fourth senior departure from the firm's Asian operation since it was established in 2007.
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,...
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.