Analysis
China infrastructure: PE to the rescue?
The era of easy credit in China is over, leaving companies without the means to service debts tied to infrastructure projects. Foreign PE investors are looking for ways to capitalize on the opportunity.
India Awards: Legal Advisor of the Year – Khaitan & Co
An effective legal advisor needs TO be on top of the latest regulatory developments. In India this is perhaps easier said than done. In the past six months, various regulators have move forwards then backwards on put and call options, taken PE firms to...
India Awards: PE Deal of the Year – Hero Honda Motors
India sees few big-ticket private equity deals outside the infrastructure space. Securing a stake in a leading player in the automotive sector is even rarer. Bain Capital is therefore all too aware that its investment in Hero Honda Motors in March isn’t...
India Awards: Fundraising of the Year – Everstone Capital
For all the concerns raised about the prospects for Indian fundraising in 2012, fund managers with strong track records – whether spin-outs, franchise reboots or longstanding players – should still be able to attract capital. This notion holds up when...
India Awards: Private Equity Firm of the Year – Actis
Actis' exit from Paras Pharmaceuticals was not the most predictable of home runs. Strategic investors have slipped into the Indian healthcare sector over the last few years, principally targeting service providers whose business models can be replicated...
Fund concessions: A tailored fit
The fees debate might not have arrived in Asia, but a string of other LP demands has. Fund managers must manage their investors as carefully as their investments
The year that was
Asia’s private equity industry began 2011 on a high. With the recession apparently in the tail view mirror, Asian investors were rearing to invest and raise – as were global investors, who were energized by the prospects of the region’s top markets, growth...
Australian supers drive secondaries
The Australian superannuation funds’ ongoing move away from private equity has undoubtedly been a drawback for primary fund managers. But what of the impact on the Asian secondaries market?
Gaming & Entertainment: PE places its bets?
Asia’s gaming culture – and casinos in particular - is a hotspot for growth. But with so much at stake, why aren’t more private equity investors placing their bets?
IPO of the Year – Yonghui Superstores
William Shen, Head of Greater China for Headland Capital Partners, speaks to AVCJ about working on Asia’s most exciting IPO of the year.
VC Professional of the Year – Sandeep Singhal
Sandeep Singhal, co-founder of Nexus Venture Partners, discusses job satisfaction, the secrets of his venture firm’s success and the outlook for India’s early-stage sector.
PE Deal of the Year – Hyva
UNITAS CAPITAL’S BUYOUT OF DUTCH cylinder-maker Hyva earlier this year was a landmark private equity deal in that it was the first in Asia to be backed by a high-yield bond. Not only did the company’s $375 million bond issue set a precedent for other...
PE sees rise in post-deal disputes
Post-closing claims against PE firms have shot up since the global financial crisis, causing cash to be held back from exits and IRRs to suffer. What does it mean for Asia?
Fundraising of the Year – Baring Private Equity Asia
Global private equity majors including KKR, Bain Capital and TPG say that now is the time to raise Asian megafunds, but for Baring Private Equity, which closed its $2.4 billion fifth vehicle in just six months earlier this year, it’s good to get in early....
The specialists: The impact of Asia's sector-specific funds
When will Asian private equity funds discard their staunch sector agnosticism and carve out specific areas of investment expertise?
Indian investors reconsider structures
Proposed tax reforms are threatening Mauritius’ dominant position as the preferred foreign investment conduit for India
Indian tech VC: Where's the exit?
MakeMyTrip’s stellar IPO on NASDAQ last year has a host of other companies preparing to follow suit. The implications for VC are unclear
In defense of PIPEs
India fund managers see investments in public equities as part of a flexible strategy that is essential to success in the country
India fundraising: Survival of the fittest
India has seen plenty of private equity spinouts but an increasingly difficult fundraising environment is expected to separate the men from the boys
People power: PE and management
Private equity firms must move quickly after an acquisition to encourage and incentivize the existing management team or bring in new people
Rules and standards: A new era of investor reporting
A combination of limited partner pressure and government regulation is setting the stage for standardization and regulation to replace private equity’s traditional free-wheeling ways
PE succession planning: Continuity issues
Asia’s private equity industry may not be old, but it is still volatile. Firms that fail to address succession planning – due to staff turnover if not staff ages – risk losing the confidence of LPs.
Southeast Asia takes on the neighbors
Southeast Asia is increasingly popular as an investment destination for private equity firms, but can it compete with China and India?
From buyouts to asset managers
Emerging Asia is a key consideration as the global buyout firms diversify their product offerings to meet the needs of a changing market