Hong Kong (China)
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.
Orchid to cornerstone Time Watch's Hong Kong IPO
Orchid Asia will participate as a cornerstone investor in Chinese watchmaker Time Watch Investments' proposed Hong Kong IPO. The private equity investor will inject about HK$204 million ($26.3 million) for an 8.03% stake in the company.
Ropes & Gray appoints special situations partner in Hong Kong
Ropes & Gray has promoted Daniel Anderson as a partner in its special situations practice in Hong Kong. He was previously a counsel with the firm.
Samsung Ventures invests in Fixmo
Samusung Venture Investment Corp, the venture capital unit of Samsung Group, has invested in Canada's Fixmo, a mobile security solutions firm. Details of the transaction were not disclosed.
CVC completes another Samsonite selldown
CVC Capital Partners has exited HK$1.45 billion ($187 million) worth of shares in Samsonite International as part of a HK$2.24 billion sell-down with fellow investor Royal Bank of Scotland (RBS).
Goodwin Procter adds partner to Asia PE practice
Goodwin Procter has recruited Gloria Liu as a partner in its private equity and M&A practices, based in Hong Kong. She joins from Paul Weiss, where she was a senior associate.
Newgate Communications launches in Hong Kong
Newgate Communications has opened its first Asian office in Hong Kong, which is headed by Richard Barton, formerly Asia managing partner at Kreab Gavin Anderson (KGA). This is part of a broader strategic expansion initiative that will also see the firm...
Shearman & Sterling elects new partner in Hong Kong
Global law firm Shearman & Sterling has promoted Sidharth Bhasin to partner in its Hong Kong office. He was formerly counsel.
Hong Kong tightens rule for IPO sponsors
The Securities and Futures Commission (SFC), Hong Kong’s stock market regulator, is looking to strengthen investor protection by tightening regulations on IPO sponsors. Under the new regulation, sponsors will be made liable for civil and criminal action...
TA-owned SpeedCast buys Australian Satellite Communications
TA Associate Partners-backed SpeedCast has completed a buyout of Australian Satellite Communications (ASC). The company provides satellite-based communications solutions throughout Australia and surrounding regions.
GCS Capital in talks to buy Dexia asset management unit
GCS Capital, a Hong Kong-based private equity firm, is in exclusive talks to buy Dexia’s asset management arm. It is estimated that the deal could be worth EUR500 million, lower than the EUR750 million Dexia was reportedly seeking when it put the asset...
Boyu invests in Hong Kong retailer Stelux
Boyu Capital has invested in Stelux Holdings through a subscription for HK$371 million ($47.8 million) of convertible bonds issued by the Hong Kong retailer. As part of the deal, CEO Joseph Wong said he planned to nominate Boyu’s Mary Ma and Alex Wong...
Ontario Teachers to open Hong Kong office in 2013
Ontario Teachers’ Pension Plan (OTPP), Canada’s third-largest pension fund, is planning to open a Hong Kong office next year as part of efforts to diversify its investments. Its domestic counterpart, Canada Pension Plan Investment Board, has already...
Alvarez & Marsal MD relocates to Hong Kong
Alvarez & Marsal (A&M) has relocated Managing Director Jacques Roizen from New York to Hong Kong to support the development of the firm’s Asia team. He has been with A&M for 10 years and was responsible for setting up the revenue enhancement practice...
Squadron joins forces with FLAG
The future of independent Asian fund-of-funds has long been a matter for debate if only due to the resource pressures. Fundraising can be a protracted process, which means some people spend long periods on the road; stricter compliance requirements are...
Taiwan’s SinoPac to enter fund admin business
Taiwanese financial services company SinoPac plans to set up a fund administration unit in Hong Kong targeting private equity and hedge funds with less than $100 million in assets under management.
Pacific Century snaps up ING’s Asia assets
Hong Kong-based private equity firm Pacific Century Group has acquired several parts of ING’s life insurance operations. It will pay EUR1.64 billion ($2.14 billion) for the Dutch financial institution’s life insurance, general insurance, pension and...
Ex-China AMC fund manager registers PE vehicle in Qianhai
A former leading manager at China Asset Management (CAMC), one of the country’s largest domestic mutual fund providers, has registered a private equity firm in Qianhai, the development zone in Shenzhen through which renminbi-denominated funds will be...