Carmela Mendoza
Carmela Mendoza is a senior reporter for Private Equity International based in London. She first joined PEI in Hong Kong in 2015 and covered Asia. A graduate of Ateneo de Manila University, she previously worked for a digital agency in Singapore focused on government websites and publications covering business, trade and industry, transport, and social development.
Hong Kong-based Baring Private Equity Asia has sold its 40 percent stake in the company to US packaged goods company Post Holdings.
Private equity activities in China and Hong Kong had a slow start in 2017 amid investor concerns over China’s weakening economy and tighter rules on capital outflow.
Capital for the investment comes from China’s $20bn national integrated circuit fund, which was established in 2014 to develop the country’s semiconductor industry.
Japan's Government Pension Investment Fund (GPIF), the world’s largest pension, launched its first-ever call for applications on Tuesday for funds of funds managers across private equity, real estate and infrastructure to establish separate managed accounts.
India-focused funds raised a total of $4 billion in 2016 and now carry approximately $9 billion of dry powder, data from Bain & Company showed.
The Melbourne-based fund will also conduct a review of its A$100m private equity programme following a labour practices scandal concerning some portfolio companies.
The firm is targeting corporate divestitures and companies experiencing succession issues in the Japanese middle-market.
Former General Electric CEO Yoshiaki Fujimori will join the London-headquartered firm as it ramps up investments in Japan.
.jpg "Deal certainty trumps best price in China transactions")
As regulators across the world increase scrutiny on Chinese transactions, sellers are more willing to ‘go for the lower price in exchange for deal certainty,’ according to private equity practitioners from White & Case.
The Boston-based firm has raised $3.3bn for its latest growth equity vehicle and $730m for its fourth venture capital fund.