KPMG
India-China-US: Byte back
Historically a neutral power, India appears to be siding with the US in a multi-faceted war with China. This could have far-reaching consequences for VC investors and the technology ecosystem
ASEAN to see rise in opportunities despite high valuations – AVCJ Forum
Industry professionals at the AVCJ Southeast Asia Virtual Forum predicted a rise in regional acquisition opportunities although valuations remain stubbornly high for now.
Coronavirus & Vietnam: Hobbled winner
A successful COVID-19 containment plan has underlined Vietnam’s status as a leading investment destination in Southeast Asia. GPs are impressed but still hamstrung
Australia IPOs: Suspicious minds
A handful of bad experiences have made Australia’s public market investors wary of private equity-backed IPOs. This doesn’t mean offerings can’t get done, but the industry must address its profile problem
Growth investors enable India buyouts - AVCJ Forum
A proliferation of venture capital and private equity players as minority investors in Indian companies is having a knock-on effect on the availability of control deals, industry participants told the AVCJ India Forum.
India guaranteed return clauses: No sure things
Guaranteed minimum return clauses, and their impact on entrepreneurs, have drawn renewed scrutiny in Indian private equity. Investors say a reassessment of their contribution to value-add is long overdue
China investment regulation: Context clues
Revisions to China’s negative investment list show the country remains committed to widening access, but consistency in enforcement and clarity around political issues are significant challenges for investors
India IPOs: Long-term horizons
Indian PE and VC investors expect domestic and overseas public markets to become increasingly attractive exit avenues for their portfolio companies as the global macroeconomic volatility dissipates
Vietnam: Entrepreneurial instincts
Vietnam’s private sector is rich in opportunity and many people have ambitions of building the next Mobile World. But engagement between entrepreneurs and private equity doesn’t always run smooth
Hong Kong tax: Playing catch-up
Hong Kong is introducing various initiatives intended to encourage private equity firms to bring more of their operations onshore. A failure to act may see Singapore emerge as Asia’s jurisdiction of choice
India fintech: Corporations act
Stakeholders foresee progress and problems as global strategic investors make their first bets in the Indian fintech space. There is little expectation of replicating the China story
Digital tools essential for modern day due diligence - AVCJ Forum
PE and VC investors in Asia are becoming more sophisticated in their approach to due diligence, with digital tools an increasingly important part of the skill set, the AVCJ Forum heard.
Operational value-add: Sign of the times
Budding interest in operational value-add marks a new level of maturity in Asian private equity. Trial-and-error experimentation has progressed slower than the macro motivators
Korea macro: Tempered tiger
Korea’s economic momentum has simmered down as demographic, political and industrial evolutions suggest a structural decline. Investors are monitoring the transition with a conditional sense of optimism
PE and tech investment: Forward planning
The growing influence of technology across every industry is forcing PE firms to review approaches to investment. Ensuring the right people have the right information sits at the heart of these efforts
India healthcare: The growth infusion
Indian hospitals are increasingly attractive for private equity investors. GPs can thrive in the space with a well-defined growth strategy that takes local market requirements into account
China biotech: Finding the formula
An eruption of investment and company creation in Chinese biotech has signaled the dawn of a raw but promising market. First-movers must negotiate immediate pitfalls while targeting long-term upside
GPs require comprehensive responses to technology - AVCJ Forum
Private equity firms looking to future-proof their portfolios and enable companies to take advantage of technological change must be prepared to make significant alterations to their investment approach, industry participants told the AVCJ Japan Forum.
Hong Kong technology IPOs: Size matters
Hong Kong has altered its IPO regime to attract tech companies with unorthodox shareholding structures and biotech start-ups with no revenue. But only certain businesses are welcome to apply
Vietnam consumer: Trading up
Vietnam’s consumer economy is attracting a wider range of investors as deal sizes inflate and new openings emerge in a winding value chain. Private equity is positioned to exploit several vantage points
Indonesia PE: The long game
Indonesia is an attractive market for private equity investors thanks to its strong macro fundamentals, but sourcing large-cap deals remains a protracted process as family owners look for partners they can trust
Auto technology: Investment vehicles
New and old players are vying for market share as the global automotive industry experiences a multifaceted reboot. Investment inroads abound, but there is much uncertainty in the evolution
GPs must be selective in targeting Korea divestments – AVCJ Forum
Korea's push for chaebol reform is expected to create more PE investment opportunities as conglomerates are pressured to divest assets, but GPs told the AVCJ Korea Forum that they have to be careful in picking the right deals because asset quality varies.
Frontier markets: Late to the boom
Cambodia, Laos and Myanmar are among the last frontier markets in Asia but well positioned to benefit from accelerating interest in the ASEAN region. Private equity success will require a nimble approach