Sharon Lim

Dragonvest funds Chinese gaming developer

Dragonvest Partners has invested $1.5 million in a Series-A round in a Chinese game development and outsourcing company to expand its international operations and Shanghai studio.

Longreach to acquire control of Taiwan’s EnTie Bank

The Longreach Group, a largely Japan-focused private equity firm, has joined a number of other international buyout firms to invest in a bank in Taiwan where the fragmented industry is undergoing consolidation.

Buyout giants pull out of race for Coles

TPG, Carlyle and Blackstone have pulled out of the formal race for Coles, an Australia-listed retailing group, but their consortium has indicated an interest in discussing an alternative investment structure.

Cerberus sought to bail Japan’s JVC(2)

Kenwood, a Japanese maker of audio equipment may reportedly seek financial backing from Cerberus to bid for JVC, a Japanese consumer electronic brand that TPG had been keen to acquire. Talks between TPG and JVC parent Matsushita are believed to have collapsed.

Lone Star’s Korea Exchange Bank stake sale remains in limbo(3)

Talks between Lone Star and Singapore’s DBS Group, involving the sale of the US private equity firm’s stake in Korea Exchange Bank, have ended due to still-unresolved investigations over Lone Star’s purchase of the controlling stake in 2003.

Lone Star disposes of 13.6 percent stake in Korea Exchange Bank(3)

Lone Star has sold a 13.6 percent stake in Korea Exchange Bank after a long-drawn investigation into the acquisition caused the sale of the firm’s entire interest in KEB to be abandoned. Separately, Lone Star sold Kukdong, a construction company.

Cerberus sought to bail Japan’s JVC

Kenwood, a Japanese maker of audio equipment may reportedly seek financial backing from Cerberus to bid for JVC, a Japanese consumer electronic brand that TPG had been keen to acquire. Talks between TPG and JVC parent Matsushita are believed to have collapsed.

China to set up $200 billion investment fund

China’s recent $3 billion investment in The Blackstone Group may have been the tip of the iceberg, as the government prepares to launch a $200 billion investment fund modeled on Singapore’s Government Investment Corporation.

DLA boosts Beijing team

DLA has recruited Steven Liu from Heller Ehrman to join its Beijing office as a partner. Liu is the sixth legal professional to join DLA Beijing in the last six months.

WI Harper and Siemens Venture lead $5m investment in China

WI Harper and Siemens Venture have led a $5 million investment in a Beijing-based diagnostics company in a transaction Softbank China Venture Capital participated in.