East Asia

Riverside makes first Asian acquisition

The Riverside Company opened its first Asian offices in Tokyo and Seoul last year, and has now completed its first deal in the region with the acquisition of Japanese parking lot operator Shinsouki.

First Reserve pays $420m for South African mining company

First Reserve hopes to take advantage of soaring nuclear power industry demand for uranium with an acquisition in South Africa.

Schwarzman defends sovereign funds

Speaking on a World Economic Forum panel dedicated to sovereign funds, the Blackstone chairman and chief executive praised the funds and likened them to US state pensions as institutional investors.

Bain brings Chinese partner to $2.2bn 3Com deal(3)

Computer network company 3Com will be taken private by Bain Capital in partnership with Chinese networking group Huawei.

Adveq opens Beijing office, closing $200m fund(2)

Adveq, the Swiss fund of funds, has opened its first Asian office at the same time as closing its debut fund for the region.

Agricultural Bank of China to manage $75m PE fund

One of mainland China’s four major banks will enter the private equity industry, providing fund management services for a new state-backed fund.

Apax looks to China for management company investment(4)

The head of European buyout firm Apax Partners, Martin Halusa, has visited China in an attempt to secure backing from the government’s sovereign wealth fund.

Carlyle hires global regulatory affairs head(4)

Carlyle has hired international trade and policy expert David Marchick to provide in-house government affairs, regulatory and strategic advice to its fund managers.

GA promotes management worldwide(2)

General Atlantic, the global growth equity firm, has continued its Asia push with three promotions to managing director in the region while also advancing staff in its US and Europe offices.

ECP, Truffle pay $53m for Moroccan mines

Emerging Capital Partners, in partnership with Truffle Capital, has acquired a third African mining company with its $53 million purchase of Morocco’s Compagnie Miniere de Touissit.