Outbound investment
China Mining United to raise second investment fund
China Mining United Fund (CMUF), a Beijing-based private investment company focuses on mining-related investments, is planning to raise a second fund to target offshore iron-ore and metal companies.
Standard Chartered PE takes Smoothies Korea overseas
Standard Chartered Private Equity (SCPE) has completed its fourth transaction in partnership with South Korea’s National Pension Service (NPS), making a $46 million investment in nutritional beverage brand Smoothies Korea. The company will use the capital...
Fosun forms strategic collaboration with Denmark's Axcel
Fosun International, the investment arm of Chinese conglomerate Fosun Group, has announced a strategic collaboration with Danish private equity fund Axcel, in a move to identify business opportunities in both China and Europe. The agreement is expected...
SOEs drive China's overseas investments
China’s outbound investment jumped in the first quarter to $21.4 billion as state-owned enterprises (SOEs) leveled up their hunt for overseas resources and energy companies.
Chinese outbound strategies bet on home’s appeal
Chinese companies have been more ambitious in seeking offshore acquisitions of late, but private equity players remind companies that the best tactic is to act according to ability.
Russia-China fund to target $200m forestry deal
The $4 billion investment fund set up by Russia and China is going to make its maiden investment in a Russian forestry company. The transaction is likely to happen in the next month.
Helping corporate China go abroad
"Do you have a handle on your own management capabilities? Have you analyzed the cultural differences of the two sides? Do you understand the relationship between unionized labor and management in that place? If the other side's engineers resign, are...
Russia builds PE ties with China
Russia and China’s sovereign wealth funds have joined forces to boost cross-border trade. For Moscow, it is a much-needed opportunity to diversify the economy and attract more foreign investment
Belgian, Chinese sovereign funds to launch joint vehicle
China Investment Corporation (CIC) is launching a small fund to help domestic companies make investments in Europe in partnership with Belgian Federal Holding Company and A Capital.
Russia, China confirm $4b joint investment fund
Russia and China have confirmed plans for a joint $4 billion investment fund, which will be backed by initial $1 billion contributions from their respective sovereign wealth vehicles. Progress on the fund was announced at an economic forum in Moscow attended...
BlackRock, CIC to launch fund – report
BlackRock and China Investment Corp (CIC) have reportedly agreed to launch a multi-billion dollar investment fund.
CIC gets a further $50b from Beijing
China Investment Corp. (CIC) has secured an additional $50 billion in capital from the government, having already received a $30 billion late last year.
InnoSpring launches US-China technology incubator
InnoSpring, Silicon Valley's first US-China technology incubator, began operations last week to support the expansion of US and Chinese start-ups beyond their home countries. The incubator also announced the establishment of its InnoSpring Seed Fund.
Shanghai to allow PE funds to raise RMB for overseas investment
Shanghai is planning to launch a pilot program that would allow both international and domestic private equity managers to raise renminbi from Chinese companies and individuals for outbound investments.
NSSF: Still room to increase PE investments
China's National Council for Social Security Fund (NSSF) has the capacity to boost its commitments to private equity considerably, having put only 2.2% of its capital into the asset class, according to Wang Zhongmin, the fund's vice chairman.
Mitsui Global Investment backs Belgian pharma firm
Mitsui Global Investment, a subsidiary of Japan's Mitsui & Co, has participated in a Series B round worth EUR23.6 million ($31.4 million) for Belgian pharmaceutical company Promethera Biosciences.
MSPE Asia secures its largest ever Asia deal
Supporting domestic companies keen to expand into overseas markets has become a core element of most PE investors’ China strategies. Morgan Stanley Private Equity (MSPE) Asia found the prospect of working on such efforts with Tianhe Chemicals Group...
Baird: State rule changes fuel foreign PE interest
Government rule changes have increased the interest by foreign private equity firms in China, according to a report published this week by investment banking firm Robert W. Baird.
Fosun plans new fund to finance overseas investments
Fosun International, China's largest privately-owned investment conglomerate, is going to raise another dollar-denominated private equity fund this year to finance new acquisitions. The company will seek investment opportunities in Europe and Japan.
Chinese PE players eye overseas deals
Demand for outbound investments is growing , but there are still hurdles that must be overcome.
Japan’s Asahi favorite to buy StarBev from CVC – report
Asahi has reportedly emerged as the frontrunner to buy east European brewer StarBev from CVC Capital Partners in a deal worth up to $3 billion. It is another indication of Japanese corporates’ interest in expanding overseas, offering an exit opportunity...
An Australian-Asian story
Australia is the exception in Asian private equity: a market in which buyouts are routine, leveraged finance is readily available and entry and exit activity is relatively transparent. It is, one is tempted to say, Japan without the intrigue and inscrutability.
Mandarin Capital achieves 3x return on Euticals exit
Mandarin Capital Partners has sold more than half of its stake in Italian pharmaceutical ingredient maker Euticals, netting a return of three times of its initial investment - a record for Chinese private equity outbound investment.
Sony, Toshiba get state funding for outbound investment
Sony Corp. and Toshiba Corp. will be the first companies to receive capital from a $100 billion government fund set up last year to finance overseas acquisitions and minimize the impact of a rising yen. The strength of Japan’s currency has hurt export...