Edince Kun

Permira has sent one of its London-based partners, Robin Bell-Jones, to Hong Kong to lead a further push into the TMT sector in Japan, South Korea, China and South-East Asia.

Management fees in Asia are generally higher than in other regions, but the fees tend to come with sweeteners, a survey from Squadron Capital noted.

The private equity firm backed by the China Resources Group is losing its chief executive officer Rong Ren, according to a company statement. His departure comes right in the middle of fundraising plans.

In a setback for foreign GPs, China’s NDRC has ruled that foreign-sponsored RMB-denominated funds will not receive the same treatment as domestic funds.

Singapore’s state investment firm Temasek and Asia private equity firm RRJ Capital have completed their fourth joint investment.

Tight family control remains a major obstacle to buyouts in China and India. However, in China family control is more likely to change, according to speakers at the PE Asia Forum.

The deal to buy Hong Kong-listed City Telecom, the special administrative region's second-largest broadband provider, is CVC's first deal in China this year.