Morgan Stanley
Renaissance Capital appoints Sheldon Trainor Asia Chairman
Emerging markets-focused Renaissance Capital has named Merrill Lynch Asia’s former head of investment banking Sheldon Trainor as Chairman of its Asian operations, based in Hong Kong. He is charged with bolstering the investment bank’s strategy in the...
China Mining United Fund aims for 2012 IPO
The China Mining United Fund (CMU Fund), a PE fund focused on mining-related investments, is reportedly planning make its public debut in Hong Kong and on a mainland bourse next year.
PE-led consortiums bid for Shanghai Motel - reports
At least three private equity-linked groups have reportedly entered a bidding war to take control of Morgan Stanley-owned Shanghai Motel Management, Reuters reported, which could fetch $1 billion.
CVC appoints bookrunners for Samsonite IPO
CVC Capital Partners controlled luggage maker Samsonite has reportedly mandated Goldman Sachs, HSBC, Morgan Stanley, Royal Bank of Scotland and UBS for its planned IPO on the Hong Kong Stock Exchange later this year. The listing is expected to raise around...
Morgan Stanley closes mezz fund
Morgan Stanley Investment Management has closed its first corporate mezzanine fund, Morgan Stanley Credit Partners, at $956 million after two years of fundraising.
Morgan Stanley set to wind down its South Korean realty unit
Morgan Stanley is to close the doors of its South Korean real estate unit by the end of this year in an effort to bolster its focus on other Asian markets.
PE picks up strategic stakes in CICC
Kohlberg Kravis Roberts, TPG Capital, the Government of Singapore Investment Corporation and Great Eastern Life Assurance will together take a 34.3% stake in China International Capital Corporation (CICC), purchased from US investment bank Morgan Stanley,...
Morgan Stanley to launch RMB fund with Hangzhou govenment
US investment bank Morgan Stanley has signed an agreement with Hangzhou Municipal Government in China to form an RMB-denominated fund of undisclosed size for private equity investments.
Returns, the second time around
With the global private equity debate still dominated by the $400 billion+ overhang of capital seeking a home, some 10% of it in Asia Pacific, expectations have been building of a new spate of secondary buyout deals that would put more of this capital...
India's GVK Power said still in talks with SCPEL, TPG
GVK Power and Infrastructure Ltd., an arm of Indian conglomerate GVK, is continuing talks with TPG Capital, Standard Chartered Private Equity Ltd. (SCPEL) and Morgan Stanley's infrastructure fund to invest some $250-300 million for up to 30% of its Mumbai...
King takes over for Asia Pacific M&A at Barclays Capital
Following earlier reports of his departure from the top Asian M&A role at Morgan Stanley, Edward King has now formally joined Barclays Capital as MD at its Mergers & Acquisitions, IBD Asia Pacific department.
Ex Morgan Stanley team's GreenOak Real Estate raises fund for Japanese assets
GreenOak Real Estate, a private equity property firm founded by ex-Morgan Stanley real estate executives, is seeking $800 million for a new fund to buy property and loans in Japan, according to reports.
CICC loses talent as KKR, TPG deal nears
The $1 billion-plus sale of Morgan Stanley's 34.3% stake in leading PRC i-bank China International Capital Corp (CICC) to Kohlberg Kravis Roberts & Co. and TPG Capital appears to be coinciding with a talent flight from the bank, as the bank moves to allow...
CIC appoints John Mack and Joseph Yam to board
The China Investment Corporation (CIC), the PRC's flagship sovereign wealth fund, has welcomed two new members onto its international advisory council: John Mack, Chairman of Morgan Stanley, who stepped down from his CEO position in January this year...
Morgan Stanley private equity supremo Trevor leaves
Stephen Trevor, co-head of Morgan Stanley Investment Management and hired in 2006 to head up the new private equity business within the division, is stepping down alongside co-head Stuart Bohart.
Update: Morgan Stanley co-head of M&A departs for Barclays
One month after news broke of Morgan Stanley's Asia Pacific head of M&A Edward King departing to Barclays, the British bank has reportedly lured one of King’s replacements at Morgan Stanley, Peter Ding.
Taizinai ex-chairrman under arrest
Li Tuchun, former founding chairman of troubled Actis, Goldman Sachs and Morgan Stanley drinks manufacturer investee Hunan Taizinai Group, has been arrested by mainland authorities on suspicion of embezzling state funds, according to PRC media reports....
Morgan Stanley's King to depart to Barclays
Morgan Stanley's Asia Pacific head of M&A Edward King is reportedly to depart the bank for Barclays, where he is slated to hold a parallel position.
Morgan Stanley's Roach returns to New York
After three years as Hong Kong-based Asia Chairman of US investment bank Morgan Stanley, Stephen Roach, 64, the highly influential economist, will leave Asia, returning to the US to take a teaching role at the School of Management of Yale University with...
CSRC review of MS CICC stake sale begins
Morgan Stanley has begun the formal application process to the China Securities Regulatory Commission (CSRC) for the sale of its 34.3% stake in PRC investment bank China International Capital Corp. (CICC).
Taizinai liquidiation challenged
In the latest, not unexpected, complication in the attempts by private equity investors and debt-holders to recover money from struggling PRC milk drinks producer Hunan Taizinai Group, the company's chairman, Li Tuchun, is said to be resisting efforts...
Taizinai puts China risk on show
The deteriorating situation around Hunan Taizinai Group, a PRC dairy company now in provisional liquidation with RMB3 billion ($440 million) in debt, is turning into quite a lesson on the risks of emerging markets investing, particularly in China.
Caveat emptor
Only a few weeks ago it was all looking so easy for Asia Pacific dealmaking.
Actis, Goldman, Morgan Stanley's Taizinai collapses with $440 million debts
Actis Capital, Goldman Sachs, and Morgan Stanley investee Hunan Taizinai Group, a PRC dairy company, has gone into provisional liquidation with RMB3 billion ($440 million) in debt.