Analysis
Vietnam: Diamond in the rough
In a country where private consumption is two thirds of GDP and 60% of the population is under 30 years old; and people are highly entrepreneurial, highly motivated and very excited about the opportunities that lie ahead for them and for the nation; one...
Mining and metals: All that glitters
All that glitters may not be gold; but most metals are enjoying robust price growth, with rosy prospects for the longer term, say senior market observers.
The Great Arbitrage
In this week's Editor's Viewpoint, Brent Nicklas of Lexington Partners shares a key strategic insight with Paul Mackintosh, AVCJ Managing Editor.
Australia: Ripe for mezz
Australia is not what the global mezzanine debt industry might consider a stand-out market. Traditionally, equity and senior debt have always reigned supreme, and convertible bonds have been considered quite a sexy debt instrument.
Australian market prospects: Clear roads ahead?
The convergence of a robust economy, a shortage of credit and the perceived retreat in public equity markets look likely to generate M&A and private equity deals; but for different reasons.
Pantheon cites 'ownership culture' in sale to AMG
Pantheon Ventures, the London-headquartered international fund of funds manager, and longstanding pioneer of investment in Asian GPs, gave AVCJ some further insights into its recently-announced $775 million cash sale by Russell Investments to NYSE-listed...
CIC commits $1.5 billion to secondaries
China’s $300 billion sovereign wealth fund, the China Investment Corporation (CIC), has forayed into the fast-developing secondary market by investing $1.5 billion in total in three specialist secondary funds in the West.
Morgan Stanley on track for KKR/TPG CICC exit
US private equity giants Kohlberg Kravis Roberts & Co. (KKR) and TPG Capital have emerged as the final bidders in the auction to take the 34.3% stake in China International Capital Corp (CICC), the nation’s largest investment bank, from Morgan Stanley...
Unison resets controls, salaries
After the tragic incident last year when one of its former partners died just after an official investigation, Japanese buyout firm Unison Capital is planning to move forward by strengthening its internal control systems to prevent any misconduct by its...
Australia's varied markets
A kaleidoscope of factors make a market, and a country’s economy is much more than a simple stage on which activity plays out.
Axis spinout may set trend in India
Axis Private Equity, led by MD and CEO Alok Gupta, has confirmed earlier Indian media reports that it is planning to spin out of backer and parent Axis Bank, by buying out its stake in the business.
What's in private equity for China?
A new EUCC/Bain & Co study makes some bold assertions re. private equity’s economic and social impact in China.
China: Globalizing the RMB
While the rest of the world is struggling with recession, China is different.
CITIC hits $1.3 billion for RMB fund
CITIC Private Equity Funds Management Co., Ltd. (CITIC PE), has hit a new high in RMB fundraising, accumulating RMB9 billion ($1.32 billion) for its debut vehicle, the CITIC Mianyang Private Equity Fund.
Oh dear, Obama
US President Barack Obama’s recent statement about curbing US banks’ abilities to use their own capital to trade out of proprietary investment accounts or to invest in private equity funds and hedge funds is rife with implications, but very little in...
Risks and rewards for 2010
The year ahead is already being keenly talked over – and up – as investors and financial/commercial figures watch for indicators of what direction the global economy is going to take as it exits the past year’s dead zone.
PEP powers up control
At first glance, Australian private equity major Pacific Equity Partners’ (PEP) determined takeover bid for Australian renewable energy company Energy Developments (ENE) – even though it has recently expanded its shareholding to more than 50% after buying...
Navis paints a pretty face with Alliance Cosmetics
Navis Capital will put its mark on yet another Southeast Asian consumer company as it takes a 70% controlling stake in Alliance Cosmetics Group.
Stimulus and response
AVCJ presents some more highlights of leading economists and market observers’ predictions for the year ahead.
Tiger Airways launches more than IPO
Tiger Airways’ IPO on the Singapore Stock Exchange has signaled optimism about the strength of the public markets, and has also sparked moves by its competitors as the airline seeks to raise up to $200 million to fund expansion and the purchase of 50...
KDB digs into Kumho
South Korea’s state-owned Korean Development Bank (KDB), will take a 50 % plus 1 share stake in Daewoo Engineering and Construction Co., for KRW2.9 trillion ($2.5 billion) through its private equity fund, under the workout program for the distressed...
Private equity activity freeze thaws in Asia
AVCJ focuses on LP views of the region’s attractions looking ahead into 2010
Anticlimax in Copenhagen
The long-awaited Copenhagen climate conference delivered much sound and fury – but few substantive results.
2010: A roaring Year of the Tiger?
2010 may deliver the hoped-for recovery, but no one is taking it for granted.