East Asia

Baring-backed Minth raises $450m

The Chinese auto parts manufacturer, in which Baring Private Equity Partners has a minority stake, has raised $450m from an IPO in Hong Kong.

H&Q Asia goes later-stage

Following H&Q Asia Pacific’s announcement of a co-investment partnership with THL Partners last September, PEO’s Judy Kuan speaks with H&QAP founder Dr Ta-lin Hsu about the evolution of the firm and the direction it is taking going forward.

Emerging marketeer

Thierry Baudon and his team are back with the biggest fund yet to hit central and eastern Europe. By Jonn Elledge.

Bush SEC candidate has VC credentials

Congressman Christopher Cox, President Bush’s choice to head the Securities and Exchange Commission, has long been involved with the venture capital industry as an attorney, foe of taxes as well as opponent of supposed Silicon Valley ’technology transfer’ to China.

CLSA invests in Chinese battery maker

The Hong Kong-headquartered private equity firm has invested $10 million in a battery manufacturer based in the southern China province of Fujian.

3i, the limited partner

The global private equity firm is demonstrating a penchant for investing in other firms’ funds. But don’t expect it to launch a fund of funds operation just yet, reports Andy Thomson.

Focus-Target merger to create media giant in China

The marriage of China’s leading and second largest media groups, both backed by private equity firms, marks the first major private sector merger in the country.

Land of rising deal flow

Japan has seen only muted new deal activity so far in 2005, but the foundations are being laid for a strong finish to the season.

James Baker joins Ewing Management

A month after retiring as a senior advisor at The Carlyle Group, the former secretary of state has joined the Dallas-based private equity firm, founded by former Carlyle professionals, as a partner.

MS acquires stake in China’s largest cement company

Morgan Stanley and the World Bank have taken a 14 percent stake in publicly traded Anhui Conch Cement, mainland China’s largest cement company, for approximately $215m.