Hong Kong (China)
CVC, RBS raise $286m in Samsonite sell-down - report
CVC and Royal Bank of Scotland (RBS) have reportedly sold a combined 153.6 million shares in Hong Kong-listed Samsonite International, the world’s biggest travel luggage company, for HK$2.22 billion ($286 million). The deal accounted for roughly 10% of...
Jia Yuan Law Offices opens in Hong Kong
Chinese law firm Jia Yuan Law Offices has established an office in Hong Kong, where it has installed four lawyers, including partners Xu Ying and Sun Tao.
Warburg Pincus sets up JV to restructure Titan Petrochemicals
Warburg Pincus affiliate Saturn Petrochemical and SouthernPec Corporation have formed a joint venture to restructure portfolio company Titan Petrochemicals Group. It comes after China's Guangdong Zhenrong Energy made a HK$175 million ($22.57 million)...
Adveq establishes third Asia office
Adveq has opened an office in Hong Kong, its third in the region. The move comes after the asset manager announced plans in January to increase its investment in China to RMB3.5 billion ($554 million) over the next two years.
Dechert nabs PE lawyer David Cho from Orrick
A lawyer specializing in private equity and M&A has been poached from Orrick, Herrington & Sutcliffe by rival law firm Dechert. Formerly a partner at Orrick, David K Cho will now be a partner in Dechert’s Corporate and Securities practice at its Hong...
Babson to incrase Asia-Pacific lending
Babson Capital Management plans to increase the loans it provides in Australia and Asia, as borrowers are prepared to pay high interest rates due to the withdrawal of several European banks from the region.
AlpInvest creates secondaries team in Hong Kong
AlpInvest Partners, the Netherlands-based fund-of-funds, has expanded its Hong Kong office with the addition of a secondary investments team. Neal Costello, who recently relocated from New York, will lead the firm's secondary activities in Asia.
3i to close Hong Kong, Shanghai offices to reduce costs
3i has announced plans to axe more than 160 staff and close six offices, including those in Hong Kong and Shanghai, in a move to bring its capacity down to a more realistic level. The massive job cutting program is expected to reduce 3i’s annual operating...
Blackstone gets co-investment rights in HK hedge fund
Private equity giant Blackstone Group has upped its exposure to Asia-focused hedge fund Senrigan Capital. By injecting a further $50 million into the vehicle, it will be able to co-invest with Senrigan on a number of projects.
Q&A: HarbourVest's Sebastiaan van den Berg
Sebastiaan van den Berg, managing director at HarbourVest Partners, on what he looks for in a Chinese GP and why the firm recently decided to open an office in Beijing
David Johnson to head OMM in Hong Kong
Law firm O’Melveny & Myers (OMM) has promoted its senior capital markets partner, David Johnson, to head its Hong Kong office.
Harvest Capital Partners CEO resigns
Hong Kong-based real estate investment firm Harvest Capital Partners faces a change of management, after CEO Rong Ren announced his resignation after seven years at the company.
Ropes & Gray hires two in Hong Kong
US-based law firm Ropes & Gray has appointed two partners in Hong Kong, and announced plans to double its number of Asia-based partners by the end of 2012.
Cadwalader poaches three lawyers from Jones Day
Cadwalader's Hong Kong office has poached three lawyers - Joseph Lee, Jeffrey Maddox and David Neuville – directly from rival Jones Day.
Navis sees 10x return on Trimco exit
There is always a danger that private equity investors will fall in love with certain portfolio companies and never want to exit. Navis Capital Partners came close with Trimco International Holdings. The Malaysia-based PE player took a controlling stake...
DLA Piper promotes four to partner in Asia
DLA Piper has promoted four of the Greater China-based lawyers in its corporate practice group to partner level.
Hong Kong Exchange Fund doubles PE investment in 2011
Hong Kong’s Exchange Fund, the vehicle responsible for managing foreign-exchange reserves, has diversified its portfolio by doubling commitments to private equity and real estate.
China's Fangda poaches Freshfields partner to lead HK office
Chinese law firm Fangda Partners has hired Freshfields litigation partner Peter Yuen to head up its new office in Hong Kong, which is set to open in June. This will be the firm's first location outside of mainland China.
PE-backed Haitong Securities raises $1.7b in Hong Kong IPO
Shanghai-listed brokerage Haitong Securities, China's second-biggest brokerage by assets, has raised HK$13 billion ($1.7 billion) in Hong Kong’s biggest IPO since December of last year.
CVC seizes rare chance to buy HK telecom asset
Private equity mega-deals are a comparative rarity in Hong Kong. Discount pre-IPO investments in large Chinese state-owned enterprises and one is left with a number of significant minority transactions and barely a handful of buyouts. Until last week,...
PAG backs Haitong's $1.8b Hong Kong offering
PAG has become a cornerstone investor in the Shanghai-listed brokerage Haitong Securities' Hong Kong IPO, buying $300 million worth of shares as part of a potential $1.8 billion offering.
Li Ka-Shing's Horizons Ventures backs Everything.me
Hong Kong billionaire Li Ka-Shing’s Horizons Ventures, which is known for investments in Facebook and Spotify, has led a $3.5 million funding round in Everything.me, a mobile search provider.
Recruiter Harvey Nash expands into Asia Pacific
Harvey Nash, a global recruitment consultancy and IT outsourcing service provider, has opened an office in Hong Kong as part of efforts to boost its presence in the Asia Pacific region.
Warburg Pincus, TPG-backed Neiman Marcus enters China
Neiman Marcus Group, the US luxury retailer owned by Warburg Pincus and TPG Capital, has invested $28 million for a minority stake in Hong Kong-based luxury e-commerce site Glamour Sales.