Yvette Choo
Recently voted best law firm for fund formation in Europe in the Private Equity International Awards 2008, SJ Berwin has identified China and East Asia as 'critical markets for the future', according to senior partner Jonathan Blake. The firm will open its 10th office in Hong Kong - its first outside Europe.
The pan-Asian fund allocates 60 percent of its capital to investments in private equity funds and 40 percent to direct investments.
A government-backed vehicle will commit capital to portfolio companies in the IT, biotech and clean energy sectors.
The Vietnam-based firm has taken a 25 percent stake in the Thuan Binh Wind Farm Company, which is backed by the Vietnamese government.
C Change and Korea Investment & Securities will jointly manage the Green Growth Fund, which will invest in green technologies to be deployed, developed or manufactured in Korea. The fund will have $130m in initial backing and could balloon to $5bn over five years.
The troubled Indian IT services giant has received ‘adequate response’ from bidders, which reportedly include Blackstone, Carlyle and KKR.
The China-focused venture capital firm has partnered with Tigermed Consulting on a $50m investment in MacroStat.
The China-focused venture capital firm made the investment in Beijing-based Dianji Technology from the $350m Legend Capital Fund IV.
In 2008, RMB-denominated funds raised RMB 264bn to invest in China, up 347 percent from from the prior year.
The project will comprise of four properties from MGPA’s Asia Fund II’s portfolio, which will be redeveloped and integrated with a new office tower.