East Asia

FTV and Cathay Capital invest in China tech

The two private equity firms have invested in eBaoTech, a provider of software and services to the insurance industry.

LPs begin to favour pan-Asia funds

Fundraising by pan-emerging markets and Asia regional funds has overtaken that of country-focused India and China vehicles, according to data from EMPEA.

Advent in 2.5x Australia exit

The Australian mid-market firm has sold its investment in metal manufacturer Locker Group, its third exit in six months.

China restructurings may rise in 2013

Under China's new leadership, the number of state-invested companies requiring restructuring may increase, presenting PE with an opportunity, according to a mainland research center.

Report: RRJ raises $3.5bn Asia fund

The firm led by the Ong brothers plans to make a final close on its second private equity vehicle in March, expected to be one of the largest-ever raised for the region.

Carlyle reports gains in China’s down market

In a tough year for China private equity, Carlyle closed seven deals and realised about $2bn. The firm's 2013 deal pipeline is `robust' said X.D. Yang, co-head of Carlyle Asia Partners.

China tightens PE fundraising channels

In response to a scandal, PRC regulators have halted the sale of private equity products through brokerages and banks, which is expected to significantly impact domestic fundraising.

Deal Mechanic: Equistone Partners Europe & Global Blue

Over a five-year period, Equistone doubled revenue at tax services business Global Blue thanks to a series of improvements to the company’s products and services. Graham Winfrey reports

On the Record: John Hill of First Reserve

This year marks the 30th birthday of specialist energy investor First Reserve. Since 1983, it has raised some $23 billion and completed more than 450 deals; its current portfolio of 28 companies generates combined revenues of over $30 billion. As it prepares to raise Fund XIII, vice-chairman John Hill tells PEI how the industry – and his firm – has changed

Sovereign funds: Russia and rupees

Russia’s massive state-backed co-investment fund has sealed a second big tie-up with a big Asian investor – this time in India – and is already planning a third.