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Weekly Asia News (Friday)

Duet partners with Cairo investment bank CI Capital to launch Egypt PE fund

Fri, 13/06/2014 - 09:38

Egyptian investment bank CI Capital Holding (CICH) and alternative asset manager Duet Group have launched the Duet-CIC Egypt Opportunities Fund to invest in the Egyptian economy. »

China flag

IDG Capital Partners closes USD586m China-focused tech VC fund

Wed, 04/06/2014 - 10:04

IDG Capital Partners has closed a USD586 million fund, IDG China Venture Capital Fund IV, focused on making early-stage technology, media and telecom (TMT) investments in China. »


First Reserve forms partnership with Hainan Zhenghe Industrial Group

Mon, 02/06/2014 - 11:11

Energy-focused private equity firm First Reserve’s Fund XIII has entered into a strategic cooperation with Hainan Zhenghe Industrial Group. »


Inovio Pharmaceuticals subsidiary sells animal health assets

Wed, 28/05/2014 - 14:03

VGX Animal Health, a 90 per cent-owned subsidiary of Inovio Pharmaceuticals, has sold its animal health assets to Plumbline Life Sciences (PLS) of Korea. »

China flag

ADAM sees successful fund exits average near 30 per cent IRR

Wed, 28/05/2014 - 12:23

An investment fund into which AIM-quoted Adamas Finance Asia (ADAM) invested USD500,000 in early April has exited from a Chinese investment for the second time in four weeks, this time achieving an IRR of 27.26 per cent. »

Up arrow

Regulators’ expenditure increases by nearly 60 per cent in recent years

Wed, 28/05/2014 - 12:00

US, UK and Hong Kong financial services regulators have increased their expenditure over the last seven years by 59.4 per cent, an average of 8.075 per cent each year, since the end of fiscal year 2006/07, according to Kinetic Partners. »

Globe and currency signs

Dr BR Shetty teams up with Centurion for Travelex deal

Tue, 27/05/2014 - 16:01

Entrepreneur and philanthropist Dr BR Shetty is teaming up with equity partners associated with UAE investment firm Centurion Investments to acquire Travelex from Apax Partners. »

Open sign

Auda opens Shanghai office

Tue, 27/05/2014 - 14:06

Private equity investment firm Auda has opened an office in Shanghai and appointed Jacob Chiu as a managing director and head of the firm’s Asian business. »


CVC Capital Partners acquires majority stake in The Executive Centre

Wed, 21/05/2014 - 16:20

Funds advised by CVC Capital Partners, in partnership with the existing management team, are to acquire a majority stake in The Executive Centre from Headland Capital Partners. »

Asia Pacific

Neuberger Berman makes key client-facing appointments in Asia

Wed, 21/05/2014 - 16:10

Neuberger Berman Asia has appointed six marketing and sales executives in Asia, as the firm grows to meet client demand in the region. »


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