Morgan Stanley
CICC set to make RMB1.5b first close on new fund
China International Capital Corporation (CICC), the country’s largest investment bank, is set to announce the RMB1.5 billion ($231.5 million) first close of its new renminbi-denominated fund this week, a source close to the process confirmed to AVCJ....
Chinese short seller target gets backing from Morgan Stanley
Morgan Stanley will invest $50 million in Yongye International, a US-listed Chinese plant nutrients producer that has been accused of fraud by a short seller. The investment bank’s Asia private equity unit has agreed to buy preferred shares in Yongye,...
Home Inns closes in on Shanghai Motel
Home Inns & Hotels Management, China’s largest budget hotel chain, has emerged as the front runner to purchase Shanghai Motel Management from a consortium of investors led by Morgan Stanley. The cash-and-stock deal is slated to be worth around $500...
China's opportunity for RMB fund of funds
There is an opportunity for RMB-focused fund of funds in China says a panel of GPs and LPs at the AVCJ Private Equity & Venture Forum China. According to Judy Ye, Director and Head of EMAlternatives Asia says that the composition of RMB capital in China...
Diamond Dragon appoints CIO in Hong Kong
Private equity placement agent Diamond Dragon Advisors has named Kyung Kim CIO of Fund Origination and GP Advisory Services, based in Hong Kong.
History shows that PE is set to benefit from China’s spend
Fears that the value of the US dollar will continue its downward spiral have prompted central banks across Asia to look at alternative investment routes to hedge their exposure to assets related to the currency. For China, with approximately $3 trillion...
Rising pressures in Chinese private equity
IN THE PAST FEW YEARS, PRIVATE equity and venture capital firms have already established the industry as a credible source of financing for Chinese companies in need of capital. With the recent IPOs of Chinese entities, in particularly NASDAQ (that have...
Morgan Stanley launch RMB fund JV with Hangzhou
Morgan Stanley, one of the most successful investors in China, has entered the RMB funds market with its own vehicle. Called the Morgan Stanley (China) Private Equity Investment Management Company Limited, the vehicle will be a joint venture with Hangzhou...
Goldman, Morgan Stanley latest to launch RMB funds
US investment giants Goldman Sachs and Morgan Stanley have reportedly been given the green light to launch yuan-denominated private equity funds in China, coming as Western PE players rush the market to take advantage of a newly liberalized investment...
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...
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.
Morgan Stanley may exit CICC early next year
Morgan Stanley's tentative plan to offload its $1 billion stake in Chinese investment bank China International Capital Corp. (CICC) will be approved by China's securities regulator by February 2011, the official Shanghai Securities News reported earlier.
Returns, the second time around
The Asian secondary buyouts market is finding its feet, and investors their appetite, but true potential for value-add is still case specific
MSPE Sihuan Pharma IPO looks to strong healthcare exit
Morgan Stanley Private Equity investee Sihuan Pharmaceutical is on track to raise $741 million, potentially rising to $850 million if a greenshoe option is exercised, after pricing its IPO high at 26.7x next year's earnings, in the world's second largest...
Morgan Stanley gets nod from authorities to sell CICC stake
Morgan Stanley has reportedly received the green light from PRC regulators for its tentative sale of its 34.3% stake in China International Capital Corp (CICC), the Chinese investment bank, according to local media reports.
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.