Yvette Choo
The fund being raised by CCB International aims to bridge the health inequality gap between the country’s urban and rural populations.
The New Zealand private equity firm expects a first close in early 2009 on the fund, which will invest in early stage science and technology companies.
The global buyout firm also intends to open a second Chinese office in Beijing in 2009.
Former chiefs of Blockbuster, PepsiCo and Pizza Hut will manage the fund for the Texas mid-market firm.
The Middle Eastern private equity firm will reportedly invest in US and European healthcare companies over the next 12 months.
The fund is the GCC region’s first sharia-compliant mezzanine vehicle and will provide financing to a mixed-used development in Qatar.
Archer’s first offer to de-list MYOB in January was rejected as too low at A$1.90 per share; the current offer is for A$1.15 per share.
David Lai has 'retired at the young age of 47', after building the firm into one of Asia’s most prominent private equity shops.
Earlier this month, the pension fund struck similar deals with private equity firms, Oaktree Capital and MBK Partners.
Average cash compensation for principals at US buyout funds came in at $885,000, a 4% rise from 2007, while average bonuses grew 6%.