East Asia

3i invests $30m in designer jewellery brand(2)

3i has invested $30 million in John Hardy, a Hong Kong-based jewellery designer brand manufactured in Bali and sold in the US. The private equity investment will provide an exit for the founders of the family-run business.

Blackstone hires former H&Q pro(3)

Former H&Q Asia Pacific managing director Andrew Kuo has joined The Blackstone Group’s growing Hong Kong staff as a managing director for greater China.

Asia's battle for dry powder

Asian private equity is going through another record year of fund formation. Sharon Lim explains why, and asks for how much longer the boom can continue.

KPS in $400m metals deal(2)

KPS Capital Partners will pay $400 million for the metals business of Olin Corporation. The deal is KPS’ first from its latest distressed fund, which closed on $1.2 billion in June.

Bear, CITIC to buy $1bn stake in each other(2)

Bear Stearns and Chinese investment firm CITIC will each acquire a 6 percent stake in one another, as well as pool resources and jointly develop private equity and venture capital products for the Asian market.

Morgan Stanley goes large

The private equity group of US investment bank Morgan Stanley has raised $1.5 billion for its third Asia-focused fund - three times the size of the predecessor vehicle.

The emerging trend is your friend(3)

As established private equity markets slow in the wake of the credit crunch, global firms are looking further afield and local emerging market managers know this is no flash in the pan, Nicholas Lockley writes.

Report: Goldman China head joins Fang fund

The $2 billion fund being raised by Goldman’s Chinese partner Fang Fenglei has reportedly recruited Goldman Sachs co-head of investment banking Richard Ong.

Olympus invests $28m in Chinese cement(3)

Olympus Capital Holdings Asia has invested $28 million in a joint venture established with China-listed cement producer Sichuan Golden Summit.

‘Mother of all tax hikes’ opposed by industry groups, Republicans(4)

The Private Equity Council, National Venture Capital Association, International Council of Shopping Centers and many Republican lawmakers have come out in opposition to legislation introduced yesterday that would significantly increase US taxes for alternative investment fund managers.