Fresh from closing its fourth turnaround fund on $4 billion, WL Ross has hired John Kanas, former CEO of North Fork Bancorp, to advise on investments in distressed financial services firms.
1 min read · 12 January 2013
Private equity real estate firms around the globe last year set a new record on the fundraising trail, according to proprietary statistics from PERE magazine.
2 min read · 12 January 2013
Private equity real estate firms around the globe last year set a new record on the fundraising trail, according to proprietary statistics from PERE magazine.
2 min read · 12 January 2013
Mellon Ventures’ successor firm Navigation Capital, along with limited partner Goldman Sachs, is looking to capitalise on an untapped niche in the specialty finance industry.
2 min read · 12 January 2013
Bahrain investor goes large in US * H&Q takes control of Taiwan Sumida Electronics * Fidelity backs online manufacturing marketplace * HSBC buys into Indian software business * Tasameem eats up dim sum restaurants * Rasmala buys into private equity group * CDH, Goldman team up again * Consortium invests $1bn in Indian telecoms * Abraaj nets 75% IRR on internet deal
6 min read · 12 January 2013
Goh Yew Hong is a co-founder of Axiom Asia Private Capital, a Singapore-based fund of fund manager founded in 2006. Established by a group of former executives from Singapore's GIC Special Investment, Axiom made headlines last year when it raised $440 million to invest in Asia-focused private equity funds. Axiom Asia represents a new generation of local fund of fund managers that have gained favour with investors outside the region who like the local and institutional experience of professionals like Goh. At GIC, which he joined in 1995, Goh was involved in investments in private equity funds, direct deals and co-investments. Sharon Lim spoke to him in January.
3 min read · 12 January 2013
Largely unaffected by the sub-prime crisis, the Japanese leveraged finance market is open for business. The availability of cheap credit bodes well for buyouts led by private equity. Sponsorless deals on the other hand will remain the exception – despite an interesting precedent. Sharon Lim reports.
4 min read · 12 January 2013
In Asia, the credit crunch has had limited impact on debt markets so far. Buyout pros and leveraged finance specialists in Hong Kong and Singapore are nevertheless bracing for tricky times. By Patricia Lee.
6 min read · 12 January 2013
January brought a new twist in South Korea's KEB saga: authorities detained Lone Star's chairman John Grayken as part of their ongoing investigation into the transaction.
2 min read · 12 January 2013
Obstacles still remain, but Europe's private equity markets are becoming more integrated. Peter Cornelius and Karlijn Juttmann of AlpInvest Partners look at the implications.
9 min read · 12 January 2013
