Asia-Pacific

Temasek loses China dealmaker to private equity fund(3)

Temasek, the Singapore sovereign fund, has lost three senior investment executives in a week. Jimmy Phoon, the chief investment officer of the investment firm in Singapore, is leaving. Hong Kong’s Frank Tang, Temasek China dealmaker, has also resigned with his colleague Terry Hu.

Navis closes Asia fund on more than $1bn(2)

Navis Capital Partners, the Asia-focussed buyout firm, has closed a fund more than triple the size of its previous fund, as the continent’s buyout firms prosper.

Arsenal earns 3x on chemical exit

Arsenal Capital earned a three times return on its cumulative capital invested on the sale of Vertellus Specialities, a chemical company Arsenal formed just last year.

DIC picks up Almatis, UBS underwrites $1bn

Dubai International Capital, the Middle Eastern investment firm, has bought Almatis in a secondary deal, with loans at more than six times EBITDA provided by Swiss bank UBS.

Goldman veteran goes full-time with Balderton(2)

Tim Bunting, the former Goldman Sachs banker, has taken on a full-time role with venture firm Balderton, after working with it in its previous incarnation as Benchmark Capital Europe.

Blackstone closes €400m CLO

In the wake of a liquidity crisis that has affected megadeals, The Blackstone Group continues to expand its activities in other areas with the closing of its fourth European collateralised loan obligation fund.

Richard Laing: Countdown to 2008

The chief executive of emerging markets investor CDC still believes there is money to be made, but managers will have to work harder to improve portfolio companies.

Carlyle closes advertising, oil deals

The Carlyle Group has closed two deals this week: one in partnership with HIG Ventures and one with energy-focussed Riverstone Holdings.

Goldman raises $600m Asian FoF

Goldman Sachs Private Equity has raised $600 million for its first pan-Asian fund of funds.

Temasek loses China dealmaker to private equity fund(2)

Temasek, the Singapore sovereign fund, has lost three senior investment executives in a week. Jimmy Phoon, the chief investment officer of the investment firm in Singapore, is leaving. Hong Kong’s Frank Tang, Temasek China dealmaker, has also resigned with his colleague Terry Hu.