News
Riverside acquires Japan bicycle retailer
The Riverside Company has acquired Y. International, a Japanese bicycle retail chain. The financial terms of the deal were not disclosed.
Lone Star approved to buy Osaka train, warehouse operator - report
US-based distress-focused GP Lone Star has reportedly won the rights to acquire Japan train operator Osaka Prefectural Urban Development (OPUD) for JPY78 billion ($783 million)
Investors adapt to adversity – AVCJ Forum
Flexibility and changing strategy are key to finding the best opportunities in the current adverse environment, investors told the AVCJ Forum in Hong Kong.
GPs warn of 'China risk' in cross-border deals - AVCJ Forum
China cross-border deals are increasingly attractive to private equity investors but the risks involved, particularly given many domestic companies don't fully grasp international business culture, are considerable.
GLP launches $3b China logistics fund
Global Logistic Properties (GLP), a Singapore-listed warehouse developer largely owned by GIC Private, has launched a $3 billion China-focused logistics infrastructure fund, capturing the opportunities in China domestic consumption and the shortage of...
Boyu Capital’s Mary Ma named as non-executive director in HK SFC
Mary Ma, co-founder and chairman of Boyu Capital, has been appointed as a non-executive director of Hong Kong Securities and Futures Commission (SFC).
North Asia GPs cautiously optimistic on economic reforms – AVCJ Forum
Government-driven reforms in Japan and South Korea have the potential to deliver more buyout opportunities, although industry participants told the AVCJ Forum in Hong Kong that their optimism is cautious rather than wholehearted.
LPs look beyond the fee debate in Asia - AVCJ Forum
LPs value nurturing relations with quality fund managers more highly than driving down management fees as demand for capital continues to outstrip supply.
Matrix, Tiger Global back Indian cab rental firm Olacabs
Olacabs has received a Series B round of funding from Matrix Partners India and existing investor Tiger Global Management, reportedly worth $20 million.
Emerging Asia to see more buyouts - AVCJ Forum
Asia will see more control deals as private equity matures in the region, but it will remain primarily a growth capital market, industry participants told the AVCJ Forum in Hong Kong.
Starfish invests another $2.8m in Australia's DesignCrowd
Crowdsourced design marketplace DesignCrowd (DC) has raised another A$3 million ($2.8 million) from Starfish Ventures to expand into new markets.
Dattels, Gray to lead TPG in Asia, Peel steps back
Tim Dattels, a senior partner at TPG Capital, is moving back to Asia to lead the firm’s regional private equity operations in conjunction with Ben Gray. He is replacing Stephen Peel who is withdrawing from day-to-day management.
Singapore's itBit raises capital for Bitcoin exchange
Canaan Partners and RRE Ventures have co-led a $3.25 million round of funding for Singapore-headquartered Bitcoin exchange itBit. Liberty City Ventures, as well angel investors such as The Jordan Company’s Jay W. Jordan II and Beluga co-founder Ben...
Industry ponders the future of fund-of-funds - AVCJ forum
Fund-of-funds still have a significant role to play in Asia despite predictions of their demise in changing LP landscape, industry participants argued at the AVCJ Forum in Hong Kong.
Baring Asia completes India Hexaware deal
Baring Private Equity Asia has bought an additional 20% stake in IT and business process outsourcing services firm Hexaware Technologies for INR8.16 billion ($127.8 million) through an open offer.
PE sees shift in due diligence focus to management - AVCJ Forum
Private equity advisory firms are placing greater emphasis on management integrity as they seek to refine the due diligence process for portfolio companies, say industry participants.
Advent adds to China operating partner program
Advent International has appointed healthcare industry veteran Lincoln Chee to its operating partner program in China. He will advise the private equity firm in identifying investment opportunities in the space and in generating value in portfolio companies.
LPs say Asian GPs lack long-term investment model - AVCJ Forum
Global institutional investors are becoming more cautious in allocating capital to Asian private equity funds, citing the region's weakening economic performance and concerns that GPs’ short-term investment horizons are not beneficial to the broader...
Indian GPs see opportunity amidst chaos - AVCJ Forum
Indian GPs expect the current vintage of country funds to enjoy a favorable investment climate as valuations moderate and competition for deals eases, even though they acknowledge that LP sentiment in many cases remains weak.
PAG eyes Southeast Asia, targets $1b in realizations - AVCJ Forum
PAG, a pan-Asian GP that has so far invested only in China, expects to break into the Southeast Asia market within the next year. Weijian Shan, the firm’s chairman and CEO, added that the team is also on course to realize in excess of $1 billion from...
Gobi backs China travel site Yododo
Gobi Partners has committed $4 million in Series A financing to Yododo.com, a Chinese hostel booking and travel site.
IDG backs spin-out of Phoenix New Media's apps division
IDG Capital Partners has agreed to support the spin-out of Hong Kong broadcaster Phoenix New Media's apps business as it looks to accelerate development in China.
Standard Chartered PE, Boyu invest in China dessert chain
Standard Chartered Private Equity (SCPE) and Boyu Capital have made a joint investment in China’s Multi Concepts Link Restaurant Management (MCL), which operates Chinese-style dessert cafés under the Honeymoon Dessert brand. Financial terms were not...
GPs upbeat on changing LP base - AVCJ Forum
While some LPs may have retreated from the asset class in recent years, private equity firms are increasingly identifying new sources capital as other investors - either from Asia or looking to tap Asia - remain eager to allocate.