Sharon Lim
The Carlyle Group has made the first Japanese investment from its pan-Asian growth capital fund, backing a semiconductor assembly and testing services provider.
Axiom Asia has achieved a final close on an Asia-focused fund-of-funds, raising $440 million in less than a year since it set up. Asia Alternatives and Emerald Hill are also raising their first Asia-dedicated fund-of-funds.
UBL Asset Management, a new subsidiary of India’s UTI Bank, is looking to raise a $500 million private equity fund to invest in India’s infrastructure.
Wong Kwong Yu, one of China’s richest men and founder of the country’s largest electronics retailer is partnering the private equity arm of Bear Stearns to launch an alliance to capture opportunities in China’s retail sector.
Bain Capital has raised $1 billion for a new Asia-focused fund in just three months. This comes a year and a half after the Boston-based private equity group made its foray into the region.
Archer Capital is set to buy Australia-listed Rebel Sport for A$369 million, after a majority of shareholders followed the lead of the sports retailer’s largest shareholder Gerry Harvey and voted in favour of the take-private deal.
John Rickus, the former trustee of Motor Trade Association of Australia has been appointed chairman of Sydney-based Principle Advisory Services, a placement agent and strategic advisor. His appointment reflects the growing appeal of alternative assets to Australia’s superannuation funds.
As expected, Pacific Equity Partners and the co-founders of Australia’s Flight Centre failed to receive enough shareholder support to take the listed travel agency private, after its largest shareholder voted against the deal.
As expected, Pacific Equity Partners and the co-founders of Australia’s Flight Centre failed to receive enough shareholder support to take the listed travel agency private, after its largest shareholder voted against the deal.
In 2006, venture capital investments in mainland China reached its highest point in three years and the scope of non-technology investments have also broadened, according to a study by Dow Jones VentureOne and Ernst & Young.