KPMG
Corporate VC in China healthcare: Formula for success
Despite the rapid growth of the Chinese pharmaceutical industry, corporate venture capital so far has not built a large presence. Industry participants say this shows the market, though booming, is still immature
China exits: Open to alternatives
With China’s public markets still dogged by uncertainty – and, at time of writing, new share offerings suspended – PE investors are looking at other options. Trades in particular are getting more traction
China distress: After the boom
China’s slowing growth has created a wave of corporate defaults, and these bad debts should be put up for sale. Not all foreign investors are ready to jump in, though, conscious of the difficulties in extracting value
The crystal ball: Predictions for 2015
From China and India to Southeast Asia and Japan, private equity professionals give their perspectives on the year to come for fundraising, investments and exits
PE firms must strike balance between expanding, preserving culture - AVCJ Forum
Private equity firms that expand across multiple strategies benefit from having an institutionalized platform, but creating a consistent culture and delivering consistent performance can be challenging, industry participants told the AVCJ Forum.
India economics: The Modi effect
The election of Narendra Modi has breathed new hope into India’s beleaguered economy, with private equity investors anticipating much-needed reforms. But the road to recovery is long and likely uneven
FATCA compliance: A ticking clock
As of July 1, PE firms were supposed to have taken the first step towards compliance with the US Foreign Account Tax Compliance Act (FATCA). Few in Asia can exist beyond the regulatory web
Held to account: The Big Four in China
A legal ruling might ban the Big Four accounting firms’ China affiliates from working on US-listed Chinese companies. VCs aren’t worried about IPO prospects, but there are longer-term concerns
Value Creation: Shock and awe?
Asian GPs are building up their operational resources to support portfolio companies, but the true value of expertise is knowing when and where to make influence count
KPMG's Australia PE head switches to Singapore role
Andrew Thompson, head of private equity at KPMG Australia, is relocating to Singapore where he will take up a Southeast Asia-focused position with the firm.
China's VIEs: A political football
The investment structure that has underpinned foreign investment in China’s internet and telecom sectors is being questioned by investors and regulators. Is the VIE dead and, if so, what could replace it?
Going walkabout: Australian outbound investment
Taking portfolio companies from Australia into Asia represents a major opportunity for private equity. Pan-regional funds see it as a key part of their strategy, but can domestic players join the party?
KPMG hires PwC's Ambarish Dasgupta
KPMG India has hired Ambarish Dasgupta, former consulting leader with PricewaterhouseCoopers (PwC) India, to head up its management consulting practice in Mumbai.
KPMG India appoints new PE head, Utamsingh leaves firm
KPMG India has appointed Vikram Hosangady, its head of transaction services, as its new private equity leader. His predecessor, Vikram Utamsingh, has left the company.
India webinar: Relighting the fire
Investor sentiment toward Indian private equity has weakened considerably over the last year. AVCJ, supported by KPMG, hosted a webinar in December at which industry leaders assessed the various challenges
KPMG opens Myanmar office
KPMG is opening an office in Myanmar, becoming the first of the Big Four accounting firms to establish a presence in the frontier market.
Japan outbound investment: Go local to go global
Cash-rich corporates have led the surge in outbound investment from Japan, buoyed by easy access to debt and the strength of the yen. What role are Japanese GPs playing in this buying spree?
China portfolio management: Accounting on the wild side
As private equity firms pay more attention to financial management and value-add in Chinese portfolio companies, recruiting a CFO with the right blend of skills and experience is vital – but difficult
Mercury Capital poaches Crescent investment director
Australian mid-market private equity firm Mercury Capital has reportedly hired Christopher Criddle, partner and investment director at rival firm Crescent Capital Partners.
RMB partnership funds face tax trouble
The Chinese government is preparing legislation that clarifies how GPs and LPs are taxed on gains derived from local currency partnership funds. Clearer guidelines would help, but it likely means a larger tax bill
India hospitals: Capital cure
Badly in need of consolidation and infrastructure investment, India’s hospital chains are an attractive target for private equity. But identifying suitable targets and getting them to scale up remains a challenge
PremjiInvest invests $24m in India's Trent
PremjiInvest, the private equity vehicle backed by Wipro Group chairman Azim Premji, has channeled INR1.2 billion ($24 million) into Trent, the retail arm of Indian conglomerate Tata Group.
Indian LPs: Emerging or defunct?
Having a larger domestic LP base in India could create a more sustainable fundraising environment for GPs, but few industry participants expect institutions to be let off the leash in the near term
Indonesia investment: Uncharted territory
For all its attractions, Indonesia remains a difficult – and expensive – market for foreign private equity firms. Identifying value rests on building up local knowledge and expertise