Clare Burrows

Laws in China can hinder firms trying to make operational changes or detect fraud in private equity portfolio companies, although this could be changing, according to industry specialists.

The China arm of Sequoia Capital has teamed with company management to privatise Le Gaga, a China-based vegetable producer listed on the NASDAQ.

Although private equity returns continued to beat public markets over three- and five-year horizons, listed equities outperformed the asset class during 2012, according to Cambridge Associates.

The TMT-focused investment bank is raising $100m for its first alternative investment fund, which will focus on early stage opportunities in China.

The private equity firm is buying an 80% stake in CSS Corp for $275m becoming one of the few GPs that have managed to close a buyout deal in the country.

The global private equity firm is selling its interest in the Australian media company due to fund term and currency pressures.

Turnaround situations in Asia, particularly in Korea and Japan, are anticipated to increase, with private equity firms expected to play a key role, according to an AlixPartners study.

If accepted, the $662m offer for Pactera Technology will become the most recent privatisation of a China-based company from the NASDAQ.

The Chinese conglomerate is hoping to establish relationships with institutional investors and is reportedly planning a $300m first close next month.

The Canadian pension fund's emerging markets and developed private equity investments beat respective equities returns - a phenomenon the LP expects to continue long-term.