Morgan Stanley Private Equity Asia
Asia GPs see reversion to norm on deal flow, valuations
Asia-focused buyout managers pointed to a return to a version of normality – with an anticipated upturn in investment and exits – in 2023 at the Hong Kong Venture Capital & Private Equity Association’s (HKVCA) Asia forum.
MSPEA buys control of Singapore-listed APAC Realty
Morgan Stanley Private Equity Asia (MSPEA) as agreed to buy Northstar Group’s majority stake in APAC Realty, a Singapore-listed real estate services company in Asia, for SGD 129.5m (USD 94.2m).
Multiples leads $111m Series D for India NBFC
Multiples Private Equity has agreed to lead a INR 8.7bn (USD 111m) Series D round for India’s Kogta Financial, a non-bank financing company (NBFC) specialising in used vehicles and micro businesses.
Q&A: Poema Global’s Homer Sun
Morgan Stanley Private Equity Asia’s former CIO explains why he likes special purpose acquisition companies (SPACs) and what drew him to electric scooter and mobility technology player Gogoro
Taiwan's Gogoro set for $2.3b SPAC merger
A special purpose acquisition company (SPAC) backed by Homer Sun, former CIO of Morgan Stanley Private Equity Asia (MSPEA), has agreed a $2.35 billion merger with Taiwan-based electric scooter manufacturer Gogoro.
MSPEA, Sihuan Pharma sell China hospital
Morgan Stanley Private Equity Asia (MSPEA) and Sihuan Pharmaceuticals have agreed to sell their 80% stake in China’s Huaiyin Hospital for RMB882.8 million ($134.3 million).
KKR, Sequoia lead $234m round for Indian NBFC
KKR and Sequoia Capital India have led a $234 million investment in Indian non-banking financial company (NBFC) Five Star Business Finance at a valuation of $1.4 billion.
Advent buys majority stake in India's ZCL, MSPEA exits
Advent International has agreed to acquire Indian pharmaceuticals supplier ZCL Chemicals, setting up a minority exit for Morgan Stanley Private Equity Asia (MSPEA).
AVCJ Awards 2020: Exit of the Year - Small Cap: China Feihe
The secret to Morgan Stanley Private Equity Asia’s 148x return on dairy producer China Feihe was having faith both in the baby care industry and in a quality domestic brand
Portfolio: MSPEA and Korres
Morgan Stanley Private Equity Asia helped ethical Greek cosmetics maker Korres beef up an underweight international presence with a plan that will see China become the main growth engine
China apartment rental start-ups: In arrears
There were doubts about the viability of long-term property rental platforms in China before COVID-19. Post-pandemic regulation is creating further problems
MSPEA leads $23m Series D for India’s Ummeed
Morgan Stanley Private Equity Asia (MSPEA) has led a INR1.6 billion ($23 million) Series D round for Indian low-income home loans provider Ummeed Housing Finance.
MSPEA backs Indian affordable housing financier
Morgan Stanley Private Equity Asia (MSPEA) has invested INR1.9 billion ($26.6 million) in Centrum Housing Finance (CHF), an Indian non-banking financial company (NBFC) that offers loans for affordable housing projects.
China Feihe gains drive Morgan Stanley's investment revenue
Projected carried interest payments from Morgan Stanley Private Equity Asia’s (MSPEA) investment in Chinese dairy products company China Feihe were largely responsible for a near fivefold increase in annual investment revenue for the parent bank.
Macro uncertainty to drive increased Korean M&A
Difficult economic and political conditions bode well for the Korean PE industry in the near term, according to Michael Chung (pictured), head of Korea at Morgan Stanley Private Equity Asia (MSPEA).
Chinese data center operator raises $3.7b Series A
Tenglong Group, a data center operator based in Beijing, has raised a RMB26 billion ($3.7 billion) Series A round led by Morgan Stanley Private Equity Asia and state-owned China Nanshan Development Group.
PE-backed Chinese SaaS player pursues US IPO
CDP, a Chinese human resources software-as-a-service (SaaS) platform that counts NASDAQ-listed 51job and China Broadband Capital (CBC) as its largest external investors, has filed for an IPO in the US.
China's Qingke trades up on debut after smaller than expected IPO
Q&K International Group, operator of China-based long-term apartment rentals platform Qingke, posted a marginal gain on its US trading debut after raising $45.9 million in an IPO priced at the bottom end of the indicative range.
Chinese apartment rental platform Qingke pursues US IPO
Q&K International Group, operator of China-based long-term apartment rentals platform Qingke, has filed for a US IPO. Its backers include Morgan Stanley Private Equity Asia (MSPEA) and Crescent Point.
Hong Kong’s AMTD trades up after US IPO
Shares in AMTD International, a PE-backed division of Hong Kong financial advisor AMTD Group, traded as much as 28% above initial pricing following a $174 million IPO on the New York Stock Exchange.
Morgan Stanley-backed Feihe files for Hong Kong IPO
Feihe, a China-based dairy products manufacturer backed by Morgan Stanley Private Equity Asia (MSPEA), has filed for an IPO in Hong Kong.
Singapore's PE-backed Home Control files for HK IPO
Home Control International, a Singapore-based manufacturer of remote controls for television and smart devices owned by Morgan Stanley Private Equity Asia (MSPEA), has filed for an IPO in Hong Kong.
MSPEA-backed AMTD subsidiary to list in US
AMTD International, the investment banking, asset management, and strategic investment division of Hong Kong-based financial advisor AMTD Group, has filed for an IPO in the US. Both companies are backed by Morgan Stanley Private Equity Asia (MSPEA).