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Michelle Phillips

KKR has bought a controlling stake in Alliance Tire Group from Warburg Pincus, reportedly for $500 million, with most of the capital coming from KKR's Asia Fund I.
China is experiencing a continuous downward trend for the past four quarters across fundraising, investments and exits, despite a slight upsurge in the beginning of 2012, according to a recent study from Zero2IPO.
Credit-related funds are starting to appear in Asia. Chris Chia, managing partner at mezzanine and growth capital firm Kendall Court, discusses challenges PE firms may face moving into this market.
The $1bn China-ASEAN Investment and Cooperation Fund intends to resume fundraising for an additional $1bn-$3bn, despite a poor fundraising environment.
The global firm has promoted Shusaku Minoda to chairman of KKR Japan and hired a new managing director and chief executive for the country, after adding two professionals last month.
Former Malaysian PM Tun Abdullah Badawi has become chairman of Azka Capital's advisory board, which will raise a first-time fund for investment in the halal industry.
Unitas has completed a trade sale exit of an Australian automotive parts business to a US-based company for an estimated total of $950 million over two deals.
Private equity can add significant value to China healthcare investments by recruiting experienced international managers.
CDIB Capital has invested in Dubai-based Flemingo International, aiming to help bring the duty-free retailer into China.
Almost half of the transactions announced in 2012 involving listed Chinese companies privatised by PE firms have closed.

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