East Asia

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.

Year of change for Latin America

With the slew of presidential elections taking place in Latin America this year, what is the potential for private equity? Trenwith Securities’ Luciane Roessler points out factors that are improving the region’s prospects – despite the shifting political landscape – in a conversation with PEO’s Judy Kuan.

AnaCap continues recruitment drive

Two months after appointing its strategic advisory board, European financial services-focused AnaCap Financial Partners has hired to two directors and two associates.

Consortium offers to buy 26% of PCCW

A new buyer has emerged with an offer to buy a controlling stake in Hong Kong-listed PCCW, while Macquarie Bank and TPG-Newbridge’s are attempting to buy its telecom and media assets.

Singapore’s GIC investments rakes in 9.5% annual returns

The Government of Singapore Investment Corporation has said it generates an annual 9.5 percent in returns from an investment portfolio that includes private equity.

CDH Investments raises $200m for debut venture fund

CDH Investments, a China-based growth capital manager, has raised $200m for a debut venture fund.

MBK raises $1.56bn in debut buyout fund

MBK Partners created ripples when its founders left Carlyle to raise a billion dollars, and now they are making a grand entrance with a $1.56bn debut fund.

London Asia makes China investments

AIM-listed London Asia has made three investments from its China-focused funds for a total cash consideration of ₤6.9m.

Flying into West Africa

Emerging markets investor Actis has hired former Go and Virgin Nigeria Airways founder Simon Harford to pilot its Nigerian operation. Robert Venes talks to Peter Schmid, Actis’ managing partner for Africa, about Harford’s appointment and the firm’s activities in the region.