The history of investors trying to make co-investments with private equity firms or even go it alone is strewn with casualties.
Tensions are building as a growing number of institutional investors, such as CPPIB and Ontario Teachers, take to direct investments. Regulators are watching the trend closely.
CEO Janice Lee talks about battling cable cutters and pirates while turbo-charging a regional rollout of hot new media technology OTT via M&A. Local rival TVB meanwhile gives up.
Jack Ma is set to spend $2.6 billion to take Intime Retail Group private, moving to boost Alibaba’s physical presence as part of its online-to-offline strategy.
Axiom, a private equity fund-of-funds, explains why it is putting more of its new $1 billion fund to work in markets such as Thailand and South Korea than ever before.
The online game developer looks en route to a backdoor listing in Shenzhen as a tussle between shareholders comes to an end.
CITIC and CITIC Capital will have a controlling stake of 52%, while Carlyle and McDonald’s will have interests of 28% and 20%, respectively.
The private equity firm’s sale of its China Modern Dairy stake is nicely timed as it raises funds. But for buyer Mengnui the deal poses considerable integration risk.
Australian bank sells its stake in Shanghai Rural Commercial Bank, marking yet another withdrawal of Chinese bank ownership by a foreign firm.
Trade sales, secondaries, dividend recaps and other creative exits gain traction as funds struggle to exit a build up of investments in China.
Russia Direct Investment Fund and Japan Bank of International Cooperation will officially unveil the venture today. RDIF deputy CEO Konstantin Ryzhkov told FinanceAsia about its plans.
China’s crackdown on outbound M&A looks like the wrong sort of reform. But it is hard to blame the government for its caution.
Chinese regulators are toughening their stance on outbound M&A after a record year of deals.
The deal will create an entity with $45 billion under management in Asia, but there are obstacles to integrating the businesses, note industry observers.
Ian Brimecome, the most senior foreigner in the Japanese insurance industry, calls time on peers’ reckless foreign forays.