Thailand
Abraaj exits Thai hospital with 3x return
Of the 19 million tourists who visited Thailand in 2011, an estimated 500,000 traveled specifically for medical care. Although medical tourism only accounts for 0.4% of national GDP, the industry is growing at an annual rate of 16% and is expected to...
Cleantech: Moving beyond subsidies
With its reputation for lackluster returns and dependence of government support, investors have shied away from cleantech, but GPs are bullish about its ability to stand on its own feet
Lombard sells 10% stake in Thai department store chain
Lombard Investments has exited its 10% holding in Robinson Department Store, a mid-market retailer in Thailand, for approximately $219 million.
Aureos, GSB exit Thai hospital interest to Malaysia’s KPJ
Aureos Capital and GSB Private Funds – a vehicle set up by Thailand’s Government Savings Bank and managed by ING – have agreed to exit their holdings in Vejthani Hospital to KPJ Healthcare, a hospital chain with assets in Malaysia and Indonesia...
Pacific Century snaps up ING’s Asia assets
Hong Kong-based private equity firm Pacific Century Group has acquired several parts of ING’s life insurance operations. It will pay EUR1.64 billion ($2.14 billion) for the Dutch financial institution’s life insurance, general insurance, pension and...
Great expectations: Buyout firms in Southeast Asia
Global buyout firms are deploying more resources in Southeast Asia and expect to see stronger deal flow. But are there enough mid- to large-size transactions to go around, and will they come at reasonable prices?
Norton Rose nabs Lucas from Baker & McKenzie
International law firm Norton Rose has appointed Andrew Lucas as a partner in its corporate team based in Bangkok. He joins from Baker & Mackenzie’s Beijing office, where he was also a partner.
Thailand eases licensing rules for private equity firms
Thailand’s Securities and Exchange Commission (SEC) has abolished rules requiring private equity and venture capital firms to apply for securities licenses. The move is intended to make it easier to set up funds, thereby facilitating investment into...
Equis invests $200m in Thai solar assets
Singapore-based infrastructure GP Equis Funds Group has reportedly channeled $200 million into acquiring 100% of a portfolio of solar energy assets in Thailand.
KBank to launch Thailand's first infrastructure fund
Kasikornbank, the financial adviser to Solar Power, a subsidiary of Thailand's biggest solar-farm developer SPCG, is in the process of raising the country's first infrastructure fund. It is targeting THB5 billion ($158 million).
SE Asia media peaks PE’s interest
A year ago, global private equity firms stopped ignoring Southeast Asia’s media industry and put the sector on their priority list. What changed?
Partners Group invests in Thai wind energy project
Partners Group continues its foray into direct investment with an investment into Wind Energy, a Thai company that provides utility-scale wind farms. Other investors in the project are corporates including Chubu Electric Power Company, Ratchaburi Electric...
CVCI boosts Wuttisak with $100m
Emerging markets fund manager Citi Venture Capital International (CVCI) Private Equity and Thai-focused private equity firm Thai Strategic Capital have acquired around 30% of Wuttisak Clinic Inter Group for almost $100 million.
Thailand’s CPF prepares bid for Permira-backed Birds Eye
Thai food manufacturer Charoen Pokphand Foods (CPF) looks set to join the various private equity houses that have submitted bids for Permira-backed Birds Eye Iglo.
Armstrong to launch a $150m clean energy fund in SE Asia
Armstrong Asset Management, a newly-established Singapore-based clean energy asset manager, is set to launch its maiden fund, which will focus on clean energy projects across Southeast Asia.
DLA Piper promotes four to partner in Asia
DLA Piper has promoted four of the Greater China-based lawyers in its corporate practice group to partner level.
Leopard Capital to raise frontier markets PIPE fund
Leopard Capital Management is launching a long-only fund that will target PIPE deals in up to 12 frontier markets in Asia. It will invest in sectors perceived to drive frontier economies, including consumer products, financial services, infrastructure...
Thai hotels retain their charm
Foreign private equity firms are seeking opportunities in Thailand’s hotel industry, looking to leverage rising tourist numbers, an improving investment environment, and attractive entry prices
Pegasus Capital Advisors acquires Bangkok luxury resort
US-based private equity fund manager Pegasus Capital Advisors has agreed to buy the Bangkok-based luxury resort and spa business of Six Senses Resorts & Spas.
IREIFS Partners re-opens Bangkok office
Paris-based IREIFS Partners Private Equity is reopening its offices in Bangkok to tap opportunities in Thailand’s tourism industry, six years after withdrawing from the market.
Dunkin’ Donuts exit reflects consumer appeal
Fast food is a popular commodity among private equity investors in Southeast Asia who are drawn to any asset that could be interpreted a play on rising regional consumption.
Navis exits Dunkin’ Donuts, Au Bon Pain in Thailand
Navis Capital Partners has completed the sale of its stake in Dunkin’ Donuts and Au Bon Pain in Thailand to local-listed Sub Sri Thai Public Company (SST) for THB1.32 billion ($41.6 million). It has secured an approximately 2.45x on its initial investment.
Aureos sells Thai wastewater purification firm ECM
The Aureos South East Asia Fund has exited its stake in Thai industrial wastewater purification firm Environmental Care Management (ECM) to an undisclosed consortium of investors for $3.7 million.