Private Equity Firms

Green is good, as long as taxes are not in the red

Shanghai Stock Exchange

It's always interesting and sometimes surprising to see what drives policy in Hong Kong.

Wednesday, 9 January, 2013, 3:38am

Carlyle puts HK$6b stake in China Pacific Insurance on the block

United States private-equity firm Carlyle is selling its remaining stake in China Pacific Insurance in a block trade that will raise up to HK$6.15 billion. The move comes amid a strong rally in the company's share price in recent weeks.

8 Jan 2013 - 4:21am

Clean technology equity firm cuts funding target

Clean technology private equity firm Nature Elements Capital revises down fundraising goal amid tough market conditions.

Clean technology private equity firm Nature Elements Capital has raised US$40 million for a fund but has almost halved its fundraising goal amid tough market conditions.

7 Jan 2013 - 4:31am

Listing drought and poor sentiment weighs on private equity

Stephen Schwarzman, Blackstone global chairman

The wave of pricey share listings in Hong Kong and on the mainland driven by strong buying momentum is unlikely to be repeated soon, a senior executive of Blackstone said yesterday.

16 Nov 2012 - 12:41pm

Bad fung shui in private equity loophole

Tony Chan Chun Chuen, Mitt Romney. Photos: EPA, Reuters

What do fung shui master Tony Chan Chun-chuen and US Republican presidential candidate Mitt Romney have in common? Well, if it's about taxes, they have a lot to share. Both have exploited the peculiarities of tax systems to avoid paying heavy taxes. And in their bid for empire, they have both exposed their industries to the unwanted attention of taxmen.

18 Sep 2012 - 2:21am

Fast US$1b raised for China P.E. fund

The worsening debt crisis in the euro zone and slow economic recovery in the United States have encouraged global investors to pour more money into Asia, particularly via private equity funds.

26 Jul 2012 - 12:00am

Bain Capital to launch US$2.5b fund for Asia

Bain Capital, whose investment portfolio on the mainland includes Gome Electrical Appliances, the mainland's No2 home appliance retailer, is close to completing a fund raising of about US$2.5 billion for a new Asia-dedicated private-equity investment vehicle.

27 Jun 2012 - 12:00am

Investor finds exit blocked

Foreign investors often say that doing deals on the mainland is hard, but some are finding that cashing out of them can be even harder.

In April, the South China Morning Post broke the news that British private equity house Actis wanted to sell its majority stake in Xiabu Xiabu Catering Management, a popular hotpot chain restaurant on the mainland.

26 Jun 2012 - 12:00am

Morgan Stanley PE fund delayed by weak market

Morgan Stanley Private Equity Asia, an investment arm of the Wall Street bank, is set to postpone its latest pan-Asian fund after difficulty in raising US$1.5 billion, according to people familiar with the matter.

23 Jun 2012 - 12:00am

Carlyle wants SAFE to invest in fund

The Carlyle Group, one of the world's largest private equity firms, is quietly lobbying big government institutions in Beijing, including the capital-rich State Administration of Foreign Exchange (SAFE), to get them to invest in its new Asia fund.

31 May 2012 - 12:00am

US$1.5b aim for Morgan Stanley Asia fund

Morgan Stanley Private Equity (MSPE), an investment arm of the Wall Street bank, has started raising a new pan-Asian fund dedicated to deal-making in the world's fastest growing economic region - with a target size of around US$1.5 billion.

16 May 2012 - 12:00am

Capital raises US$3b to target BRICS markets

The Capital Group, one of the world's largest asset managers, has raised US$3 billion for a new private equity fund dedicated to investing in emerging markets, including China.

11 May 2012 - 12:00am

Mainland firm buys control of Weetabix

State-owned Bright Food (Group) has bought a majority stake in British cereal maker Weetabix Food, China's largest overseas acquisition in the food sector.

It is part of the quest by Shanghai's largest food conglomerate to bring safe foreign food to the mainland.

4 May 2012 - 12:00am

Fears grow over bubble

Although the private equity market on the mainland has maintained the momentum for sustainable growth, analysts express concerns over a possible bubble and the 'quick-flip' strategy - purchasing an undervalued property and selling it immediately at a price below market value - adopted by some players - which may have an adverse effect on the market.

19 Apr 2012 - 12:00am

'Goldfinger' points fund at China

Mount Kellett Capital, run by former Goldman Sachs partner Mark 'Goldfinger' McGoldrick, has recently raised more than US$4 billion for a new private equity fund focusing on the United States and China.

11 Apr 2012 - 12:00am