Analysis
Overseas LPs welcome
Clifford Chance Partners explain what’s in store for foreign LPs looking to convert their currencies into reminbi for private equity investment under Shanghai’s new, liberalized QFLP pilot program
A glimpse into the future
With 2011 upon us, industry players offer thoughts on the major themes for the year ahead, and for the first time in years, the forecast is largely for blue skies and sunshine.
Case In Point: SME Deals On the Rise
As if to prove that 2011 would be the year of the SME investment, Polaris Capital Group has acquired a 100% stake in domestic food chain operator Samukawa Food Planning Co (SFP). Although the deal size was not disclosed by Polaris, Nikkei reports suggest...
Global directives and PE
Private equity investing can be thwarted, stalled or propelled into action in certain countries based on legal and tax structures. AVCJ looks at what may affect the industry in 2011.
New horizons in Southeast Asia
Private equity investment in Indonesia surged in 2010; but the reality of investment opportunity in places like Indonesia and Vietnam requires more than macro growth numbers
Greater China IPOs triple numbers in the US
Exchanges on the mainland and Hong Kong have together raised nearly $120 billion to date in 2010, while the US has raised just $42 billion, a disparity that showcases the shift from slower-growth, developed economies to high-growth, emerging markets....
Headland becomes a test case for post-bank spinout PE funds
One of the most closely watched of the new wave of private equity team spinouts from major banks has completed with the announcement that the management team who led HSBC Private Equity Asia have now completed their separation from parent HSBC with the...
You've been served
Recent developments have highlighted the personal – and legal – issues that can arise when private equity firms and their senior staff part company.
First AVCJ India Awards see Indian industry's coming of age
The first AVCJ India Private Equity & Venture Capital Awards held last week paid tribute not just to individual winners, but also to the overall growth and maturation of the Indian private equity industry.
India and the China Factor
While China and India are very different markets, what they do have in common is their competition for LP investment dollars by funds with a regional mandate.
The great India debate
Private equity investment deals in India may be tricky, expensive and atypical compared to the standard private equity model, but they are potentially lucrative and poised to become even more attractive.
Value add
The fundamentals behind the private equity model imply that, by injecting capital in a company in return for an equity stake, the firm is able to change, alter, tinker and build a stronger, more profitable company.
Jury still out on Shanghai RMB QFLP program
The reported approval by China's State Administration of Foreign Exchange (SAFE) of a $3 billion quota for the Shanghai municipal government to allow foreign currencies to be converted into RMB for investing into local private equity funds has been hailed...
The cleantech sector: renewable?
Since the COP15 debacle in Denmark nearly a year ago, it has been more or less all downhill for the clean/green sector that as recently as 2008 looked to be on the threshold of political and market breakthroughs – notably in carbon pricing – that most...
Indian private equity's characteristics
Even though the Indian economy is booming as never before, the private equity market is facing several barriers to entry.
India private equity: taking up the challenge
With the immediate GFC fast receding, India continues to enjoy on-target GDP growth of around 8.5%, according to the Ministry of Finance.
India emergent
Whether you follow US President Barack Obama’s line that India has already emerged or not, there is no doubt that Asia’s other great continental economy is now being viewed internationally as one of the key pivots in the great transfer of macroeconomic...
Legalese in India
There is no question that India's macroeconomic indicators make it a compelling market.
LPs back on course
While private equity funding sources continue to diversify, traditional limited partners remain the sine qua non of how the asset class survives and thrives.
Picking the winners
“Active management works,” was the resounding message of the keynote address given by Steven Barnes, MD of Bain Capital at the AVCJ Forum.
Hopu reaches its end
Following earlier reports last month (soon denied) that Hopu Investment Management was to break up without seeking to raise a second fund, the $2.5 billion China-linked private equity and multi-strategy investment firm now indeed appears to be heading...
LPs see their money bloom?
As a momentous year for private equity draws to a close against a background of secular macroeconomic shifts in the global balance of power and lasting regulatory change for the industry, one group’s reactions to the GFC aftermath and expectations for...
Fund administration: the silver lining post GFC
It's interesting to note how far – and how deeply – GFC shockwaves reached into private equity practice, even at the shop-floor level, in fund management and administration.
Debt and restructuring offer new definitions of an old favorite
Media-transmission satellites, anhydrous industrial alcohol, thenardite mineral rock, Australian pubs and Vietnamese casinos are all among the reasons why industry insiders insist that there is very little to be worried about for Asia Pacific distressed...