Yvette Choo

Philip Levinson has been hired by the global buyout firm, which is considering opening additional Asian offices.

The Cairo-headquartered private equity firm has acquired beverage company Enjoy through Gozour, its consumer foods platform. Citadel bought Enjoy from Haykala Investment Managers, a firm founded in 2005 by Egypt-based Commercial International Bank.

The investment was made out the China-focused private equity firm's third fund, which closed on more than $1bn in 2007.

The investment in Chinatrust will be made through the US bank’s Asian private equity arm and its other subsidiaries.

The UK government-backed fund of funds has helped push the fund toward its $100m target. It held an $85m first close a year ago.

Zhi Tan joins the China-focused venture firm's Beijing office from Chinese digital media company Focus Media, where he was a chief executive and director.

3i has reportedly offered £135m for 13% of Energy Developments’ assets following a 100% acquisition proposal by an Archer Capital-led private equity consortium early this month.

The first-ever Sri Lankan private equity fund will make investments in the South Asia country’s soft commodity sectors, trading companies and banks. Its backers had been waiting for the end of the country's long-running civil war to launch the fund.

A new rule allows foreign firms to register investment management companies in Shanghai. Are things about to get interesting for the Blackstones of the world?

Mohammed Al-Shroogi has resigned from the financial services giant to join the Bahrain-based investment manager.