Michelle Phillips

Anacacia in 5x trade sale exit

Sydney-based Anacacia has exited an appliances company to an Australian corporate buyer and will soon close its second fund.

Study: Asia deal sentiment plunges

GPs in Asia have become sceptical of Asia’s macro growth story following a slowdown in activity last year and are increasingly cautious about the kind of deals they select, according to a recent Bain & Co. study.

Study: China’s LPs pull back from PE

A lack of quick returns has made many China LPs think twice about committing to private equity funds, according to a Zero2IPO study.

Hony expects an “active” 2013

After a quiet year of waiting, Hony Capital is getting ready to deploy much of its $4 billion in capital in China’s depressed market in 2013, on the expectation that market conditions will improve.

MSPEA in $147m Chinese take-private

Morgan Stanley’s $147 million take-private of Beijing-based Feihe International is the latest in a string of private equity-backed privatisations of Chinese companies.

KKR hires two in Japan

Sakae Suzuki is one of KKR’s two new hires in Japan, boosting the private equity firm’s team in the country as it nears a close on its $6 billion Asia fund.

Carlyle leads $688m take-private of China hotel chain

Carlyle is leading its second take-private of a US-listed Chinese company, following a trend of privatisation deals involving Chinese companies listed overseas.

India's budget leaves PE tax issue open

Provisions in India's Budget 2013 are aimed at attracting foreign investment, but ambiguities regarding PE taxation have left recurring questions unanswered.

On the Record: Paul Yang of China Development Bank

Founded more than 50 years ago, Taiwan-based China Development Industrial Bank has now launched a private equity arm, CDIB Capital International, which already has 14 investments based on a mainland China ‘corridor’ strategy. Paul Yang, president and chief executive of the Bank and founder and chairman of CDIB, explains their different approaches.

China’s institutions slow to invest in RE

China’s institutional investors, which together have $3 trillion in reserves, are taking a slow and cautious approach to private equity real estate, delegates heard at the PERE Asia Summit in Hong Kong.