Weekly Asia News (Friday)

Weekly Asia News (Friday)
Hong Kong

Kinetic Partners promotes two in Hong Kong team

Kinetic Partners, the global financial services advisory firm, has made two promotions in its team in Hong Kong. »


Fund administration

Augentius Singapore to administer USD1bn L Capital fund

Augentius Singapore has been appointed to administer the L Capital Asia Fund 2, which has commitments of USD1bn. »


Handshake and money

Private equity firm Viola acquires additional RRsat shares for USD9.4m

Israeli private equity company Viola Group has increased its ownership stake in RRsat Global Communications by acquiring an additional 6.6 per cent interest from Kardan Communications L for a total investment of USD9.4m. »


China flag

Adamas Finance Asia to invest in BRJ China Private Credit Fund

AIM-quoted investment group Adamas Finance Asia (AFA) is to invest USD500,000 into an investment fund managed by Adamas Asset Management , the Hong Kong-based firm that since February 2014 has been acting as AFA’s investment manager. »


Aeroplane

Warburg Pincus to acquire majority stake in mercator from dnata

Private equity firm Warburg Pincus is to acquire a majority stake in mercator, a provider of software and technology-enabled outsourcing solutions to the global aviation industry, from dnata. »


Lipstick

Encore Consumer Capital sells tarte to KOSÉ Corporation

Private equity firm Encore Consumer Capital has completed the sale of its portfolio company, tarte Inc, to KOSÉ Corporation, a Tokyo-based global cosmetics business with a primary focus on Asia. »


Hong Kong

Hong Kong Trust selects Linedata for fund administration services

The Hong Kong Trust Company has chosen and implemented Linedata Admin Edge to provide fund administration servicing for its client base of individuals, family offices, intermediaries and corporations. »


India flag

CDC makes USD28m investment in India’s Ratnakar Bank

CDC Group, the UK’s development finance institution, is making a USD28m equity investment in Ratnakar Bank (RBL Bank) in India. »


Handshake and money

Zoyi Capital invests in Camelot Information Systems

Zoyi Capital has completed its USD20m investment in Camelot Information Systems, a provider of enterprise application services and financial industry information technology services in China. »


China flag

Cathay Capital to launch Sino French (Midcap) Fund

Cathay Capital is to launch a new investment vehicle aimed at promoting growth and international development of French, Chinese and European companies in the mid-cap segment – the Sino French (Midcap) Fund. »


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