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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.
Goldman Sachs has relinquished its majority stake in the Seoul-based industrial gas company, which it bought for $400 million in 2014.
The firm’s investment was made through its $1 billion 2010-vintage China Growth Fund, which is almost fully deployed.
Ding Xuedong, who set up the Chinese sovereign wealth fund’s direct investment unit in 2015, has left his post after close to four years with CIC.
The firm has pared down its shareholding in MYOB from 56 percent to 40 percent.
The European mid-market firm will offer in-country support to its portfolio companies by helping entrepreneurs find the right partners and build stronger ties with financial backers across Asia.
Capital from the Melbourne-based firm will be used to expand the handbag and accessories retailer in Australia and overseas markets.
Kevin Lu, head of Partners Group’s Singapore office, will now be overseeing the firm’s activities in Mumbai, Shanghai, Seoul, Tokyo, Manila, as well as Singapore.
The development finance institution has teamed up with Indian education and healthcare company Manipal Education and Medical Group to invest an initial $80 million in healthcare companies in South Asia and Africa.
The India-focused firm has already made two deals from the fund: IT services company L&T Infotech and lending company Hero Fincorp.
Capital from the International Partnership Fund will be used to finance Singapore-based companies’ foreign acquisitions.
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