PE Tech Report

Weekly Asia News (Friday)

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ClearVue and Nokia Growth Partners lead USD3.2m WeiChaiShi Series A financing

WeiChaiShi, China's largest mobile crowdtasking platform, has closed a USD3.2 million round of financing led by ClearVue Partners and joined by Nokia Growth Partners. The funding will further drive WeiChaiShi’s growth as it continues to expand its team, build its partner network and add new features.   ClearVue Partners is

KKR completes acquisition of Goodpack

IBC Capital, an affiliate of investment firm KKR, has completed the acquisition of packaging solutions company Goodpack. As part of the acquisition, Goodpack was delisted from the Official List of the Singapore Exchange Securities Trading Limited (SGX-ST) on 15 September.   Goodpack’s management team will look to leverage KKR’s global

State Street appoints head of alternative investment solutions for Asia Pacific

State Street Corporation has appointed Bob Keogh as head of alternative investment solutions (AIS) for the Asia Pacific region. Based in Hong Kong, Keogh will assume responsibility for the hedge fund, private equity and real estate businesses in Asia Pacific.   He has more than two decades of experience in

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bfinance strengthens Middle East presence

bfinance, an independently owned investment consultancy, has added to its service and advisory capabilities in the Middle East with the hire of a senior consultant. Navneet Maheshwari joins from Nasdaq Dubai and will be responsible for local market client relations for bfinance across the Middle East as well as the

KKR strengthens Southeast Asia team with new hires

KKR has appointed Jaka Prasetya, former managing partner and founder of Leafgreen Capital Partners, as managing director to lead the firm’s Indonesia efforts as well as credit and special situations initiatives in Southeast Asia. Also joining KKR in the role of director are Rahul Bhargava and Allan So, both formerly

SuMi TRUST Global Asset Services consolidates Asian operation

SuMi TRUST Global Asset Services, a provider of operational and administration support services to institutional asset managers, has completed the enhancement of its Asian business. SuMi TRUST has strengthened its operational and client service teams in all three centres with all asset servicing and client relationship activity for Japanese and

CITIC Capital Partners purchases King Koil

CITIC Capital Partners has acquired a controlling stake in King Koil Shanghai Sleep System Co. The investment was made through CITIC Capital China Partners II, the firm’s second China-focused buyout fund.   King Koil is a Shanghai-based manufacturer and retailer of premium mattresses in China and the exclusive licensee of

PE in Asia lags in operational value creation, says survey

As Asia's free-market economies mature, general partners (GPs) need to change the way they work with their portfolio companies, according to a survey by AlixPartners. The report, entitled "Building Better Businesses; A Survey Report on Private Equity Value Creation in Asia," says that doing more hands-on work to increase portfolio

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