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Weekly Asia News (Friday)

Masharie sells equity stake in Anchor Allied to Alkhabeer Capital

Masharie, an investments subsidiary of Dubai Investments PJSC, has sold a strategic equity stake in Anchor Allied Factory to Alkhabeer Capital, Saudi Arabia.   The investment is another cross-border M&A which has seen the flow of funds between the Arab countries and is testimony to the potential partnership opportunities existing

Hong Kong

Walkers expands HK presence

Mark Cummings has joined Walkers’ Hong Kong office, strengthening the firm’s position as a Pan-Asian provider of offshore legal services.   Cummings joins the office’s investment funds group as counsel. He previously worked at Appleby Global and has extensive experience in advising on the laws of the Cayman Islands and

Simon Cornwell, co-founder and global sales and marketing director, Vermilion Software

Vermilion Software expands operations in the Far East

Vermilion Software has expanded its operations to the Far East with a new office at 8 Marina View, Asia Square Tower 1, Singapore.   This expansion of operations will be led by Simon Cornwell (pictured), co-founder and global sales and marketing director, who has relocated to Singapore to ensure continuity

Great Wall of China

Ironridge launches initiative to fund Chinese public companies

Ironridge Global Partners, an institutional investor making direct equity investments in micro-cap public companies, has launched an initiative to fund Chinese public companies, including companies based in China whose stock is publicly traded on Nasdaq, NYSE MKT, OTCQX or OTCQB, as well as US public companies with Chinese facilities, operations

Warehouse

Carlyle and Townsend to invest USD200m in Chinese logistics warehouses

The Carlyle Group and The Townsend Group have partnered with Shanghai Yupei Group, one of the largest logistics warehouse developers in China, to invest in 17 modern warehouses in China.   Carlyle and Townsend will commit approximately USD200m to acquire equity interests in five warehouses owned by Shanghai Yupei Group

Computer screen

Fenox Venture Capital invests in startup Tech in Asia

Fenox Venture Capital has expanded its Asian portfolio with an investment in Tech in Asia, a digital media company in Asia with a presence in Indonesia, Singapore, Vietnam, the Philippines, Thailand and China.   Fenox VC leads Tech in Asia’s Series B financing, joining existing investors East Ventures and Simile

Singapore

KV Asia Capital closes Fund I on USD263m

Singapore-based private equity firm KV Asia Capital has held the final closing of its first fund, KV Asia Capital Fund I, on USD263m. KV Asia Capital attracted commitments from a diverse range of global institutions, including pension funds, endowments, financial institutions, fund of funds and family offices.    “We are

Infinity Group invests in PVN, LEED and a new JV

Infinity Group’s Infinity IP Bank, together with the Infinity Suzhou Fund, has completed a transaction which includes a three-part investment – PV Nano Cell (PVN), LEED and a newly formed joint venture between PVN and LEED.   Infinity initiated and structured the deals in cooperation with LEED. A combined total

Symphony NAV up 10.72 per cent in H1 2013

Symphony International Holdings’ net asset value (NAV) on 30 June 2013 was USD1.3105 per share, a 10.72 per cent increase from USD1.1836 on 31 December 2012.   Symphony’s listed investments accounted for 59.0 per cent of NAV at 30 June 2013 down from 59.4 per cent at 31 March 2013.

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