Sharon Lim

Korea’s anti-foreign image has not deterred Carlyle from investing in a local distributor of financial products.

CCMP Capital Asia and Affinity Equity Partners are selling their shares in Mando Corp back to the original vendor of the Korean auto parts maker ten years after insolvency threats forced the disposal.

H&Q Asia Pacific has made a second investment in the electronics sector in six months leveraging its experience in the flat screen industry.

TPG’s move to appoint an executive retired from a known corporate brand mirrors similar efforts undertaken by other international private equity firms such as KKR and Bain Capital.

HSBC Private Equity Asia is backing Newgen’s fast growth of the last few years as it rolls out into fresh markets in the rest of the world.

The US investment bank is making its first private equity-focussed move into Asia with a $300m India fund.

Jayanta Banerjee has returned to ICICI Venture after a six-month stint at Lehman Brothers where he was leading the bank’s private equity investments for India. He will kick-start fundraising for the firm.

Australia-focussed Propel Investments, a recent spin-out of Deutsche Bank’s Australian private equity unit, has recruited two professionals to add to an existing seven-strong team.

Northstar, one of a very small handful of Indonesia-focussed private equity fund managers, has raised $110 million for a debut fund, which attracted a $15 million commitment from TPG Capital.

CLSA Capital Partners has bought both Orind Global in China and India and Shanghai Tonya in Hong Kong in November alone.