Asia-Pacific

Fidelity Ventures hires Cisco veteran for London

The London arm of Fidelity Ventures, an early-stage technology venture capital firm, has hired Baruk Pilo from the European M&A unit of Cisco Systems.

Foreign takeover rules in China lack clarity

New measures governing foreign acquisitions in China mean transactions will come under greater scrutiny, but the new rules have not spelled out what investments are off-limits.

Warburg shops for stake in China department store

Warburg Pincus has been identified as one among several investors in talks to buy a stake in Beijing Wangfujing Department Store group in a transaction that could reach $188 million.

Carlyle raises $1.8bn for pan-Asian buyout fund

The Carlyle Group has raised $1.8 billion for its second pan-Asia ex-Japan buyout fund from which it has already made two investments.

Chenming abandons deal with CVC

Debates over policy and board constitution have derailed plans for CVC to take Chenming private.

PCCW ends talks with Newbridge and Macquarie

PCCW has terminated talks with TPG-Newbridge and Macquarie Bank, both of whom were vying for PCCW’s telecommunications and media assets.

Henderson strengthens Asia team

The captive Asian buyout team of Henderson, a fund manager, has appointed two principals to do deals in the region.

Networking culture

VCs’ enthusiasm for backing social networking sites is stretching around the world to India, as seen in US venture firm Canaan Partners’ recent backing of BharatMatrimony. By Judy Kuan.

Leung move thwarts LBO plans for PCCW

Francis Leung, the Chinese financier, has agreed to purchase Richard Li’s controlling stake in Hong Kong-based PCCW, whose media and telecommunications assets now seem beyond reach for private equity suitors Macquarie Bank and TPG Newbridge.

Warburg Pincus moves into senior housing

The global private equity giant has paid $150 million for Brandywine Senior Care.