East Asia

3i North Asia head quits

The UK-based private equity group has lost 20-year veteran Jamie Paton, head of its Hong Kong office and the man charged with leading the firm’s investment activity in North Asia.

CLSA Capital backs Taiwanese PCB maker

CLSA Capital Partners has invested $20 million in Unitech Printed Circuit Board Corporation, a listed company, marking its first foray into Taiwan.

Hands set to take EMI(3)

Guy Hands’ company Terra Firma has nearly reached the necessary shareholder acceptance rate in its bid for EMI, as reports in the Chinese media suggest the buyout firm may sell the business on to Chinese mobile company China Mobile Corporation.

Cerberus taps Nardelli to head Chrysler

Former Home Depot head Bob Nardelli will lead Cerberus’ turnaround of US automaker Chrysler.

Goldman Gao Hua head to raise domestic Chinese fund(3)

Gao Hua chief Fang Fenglei plans to raise a domestic fund that will allow him to sidestep Chinese investment regulations that plague foreign firms.

Actis hires ex-GIC executive as China head

Actis, the emerging market buyout investor, has hired Lim Meng Ann, a former China-based GIC Special Investment executive to head its China operations. Lim replaces Chin Bay Chong, who left Actis at the start of the year.

Carlyle backs schools in China

The Carlyle Group has invested $20 million in a Chinese language institute to help it expand across the country.

Hands set to take EMI(2)

Guy Hands’ company Terra Firma has nearly reached the necessary shareholder acceptance rate in its bid for EMI, as reports in the Chinese media suggest the buyout firm may sell the business on to Chinese mobile company China Mobile Corporation.

CVC Asia Pacific appoints ex-Citigroup banker senior advisor

CVC Asia Pacific has appointed ex- Citigroup investment banking chairman Francis Leung as senior advisor. The appointment comes after three senior executives left the Asian buyout arm last year.

Oaktree makes first investments from Asia-dedicated fund(3)

Oaktree Capital Management has raised $577 million for its first Asia-dedicated private equity fund. The alternative asset specialist which has been operating in Asia since 1998, expects to deploy 80 percent of the fund in Japan and Greater China.