Drew Wilson

The Vietnam-based firm has hired Chad Ovel, who brings in operational expertise as the firm raises a new country fund.

Global PE firms are warming to Vietnam, and they account for the bulk of the record $535 million plowed into the country in the first half of 2013.

The Japan-focused buyout firm has sold a mail order products business to a Japanese strategic.

Paying bribes for government services appears to be more common in India than in other Asian countries, but corruption is seen to be increasing across the region, according to a TI survey.

PENM Partners has emerged from asset management firm BankInvest to join Vietnam’s private equity community as an independent shop.

The $150m in commitments to the fourth Asia-focused fund so far are through re-ups from the previous Asia vehicle.

The value of private equity exits and buyouts in Asia rose significantly in the first half, and in Japan exit value spiked 53%, according to Mergermarket.

The firm has revealed that it reached a final close on the largest private equity fund ever raised for Asia.

The number of second quarter exits showed an increase from the previous quarter, and some firms reaped large exit multiples.

Former CEOs who are hired for PE operations teams have to adjust to different goals and methods, delegates heard at PEI’s Value Creation Forum in Beijing.