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Weekly Asia News (Friday)

Asia Pacific catching up with Europe as a key market for the shipping sector

Asia Pacific has been ranked the geographical market of greatest importance to the global shipping market alongside Europe, each being selected by 39 per cent of global shipping respondents, according to international legal practice Norton Rose’s “The Way Ahead” Transport survey – Where are you now?” However, London leads as

Hong Kong

Locke Lord expands Hong Kong office with team from Cheung & Lee

International law firm Locke Lord has increased its presence in Hong Kong through an association with the law firm Cheung & Lee. Five experienced partners from Hong Kong-based Cheung & Lee – Balbir Bindra, Wing Cheung, Alfred Lee, Tej Mahil and Matthew Wong – will form the initial core team

Adamas strengthens move to strategic partnership with 3.08 per cent holding

More than three per cent of AIM-quoted group China Private Equity Investments (CPE) is now held by the Hong Kong-based asset management firm Adamas Asset Management (formerly Gen2 Capital Partners) following recent share purchases on the open market. The increased shareholding, to 3.08 per cent, is in line with the

Japan flag

KKR strengthens Japan team with two new directors

Kohlberg Kravis Roberts has appointed Hiro Shimizu and Sakae Suzuki as directors for KKR Japan. Shimizu joined KKR Capital Markets from Goldman Sachs Japan, where he most recently served as managing director and head of the financial institutions group within the financing group. Suzuki joins KKR Capstone from McKinsey, where

Origo Partners enters into joint venture in Myanmar

Origo Partners has formed a new joint venture company with Serge Pun & Associates (Myanmar) Limited (SPA), one of Myanmar’s leading conglomerates, to identify investment opportunities across the natural resources and other sectors in Myanmar. Following the start of liberalisation in Myanmar, the country has the potential to become a

Dubai_0

AziNam opens Dubai office

AziNam, the offshore Namibia focused exploration company, has opened an office in Dubai’s Multi Commodities Center in the JLT Free Zone in the United Arab Emirates, having established itself as one of the largest gross acreage holders offshore Namibia. The company, backed by the Bermuda-based energy investment group Seacrest Capital,

SoftBank Capital closes USD250m PrinceVille Investment Fund

SoftBank Capital, a venture group affiliated with Japan’s SoftBank Corp, has closed its USD250m SoftBank PrinceVille Investments fund. Due to its long-standing strategic relationship with SoftBank, which specialises in internet, mobile communications, broadband services and fixed-line telecommunications, the fund is uniquely positioned to help growth stage technology companies achieve success

O’Melveny advises AGCA on secondary portfolio purchase

O’Melveny & Myers has advised Asia Growth Capital Advisors (AGCA) on the acquisition of a seasoned private equity investment portfolio in Asia from Credit Suisse Private Equity Asia Partners.  AGCA worked with lead investor HarbourVest Partners, who structured the transaction, and their co-investors Axiom Asia Private Capital. AGCA is a

Altium partners with Indian firm Allegro

International investment bank Altium has formed a partnership with Allegro Advisors, a full service investment bank in India. The partnership will strengthen Altium’s global presence and provide the firm’s clients with access to a strong international M&A advisory network. Allegro provides a range of services including M&A, capital raising, debt

Actis expands senior team in South East Asia

Pan-emerging markets private equity firm Actis has appointed Arjun Oberoi as global healthcare sector head and Ivy Santoso as Indonesian country head.  Oberoi will head Actis’s global healthcare sector, an area of increasing interest for the firm as an ageing population, changes in lifestyle, increasing income, and better insurance coverage

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