PE Tech Report

Weekly Asia News (Friday)

Iraq flag

Global Capital Partners launches Iraq Fund

Abraham Merchant and Kenneth Kuhn, managing directors of Global Capital Investments, have launched the Iraq Fund. The fund will invest primarily in listed equities of the Iraq Stock Exchange and up to 20 per cent of its assets in private, less liquid, early-stage investment opportunities that focus on Iraq’s infrastructure

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TC Chan joins CVC’s global financial institutions advisory board

Private equity firm CVC Capital Partners has appointed Chan Tze Ching, Ignatius as senior adviser. Chan will join CVC’s global financial institutions advisory board to support CVC’s activities in the financial services sector in Asia.   Chan was previously head of corporate and investment banking/senior country corporate officer for Greater

Actis sells Inpac International to Stora Enso

Actis, a private equity investor in the emerging markets, has signed an agreement to sell its 30 per cent interest in Inpac International, a printed paper packaging manufacturer in China, to Stora Enso, a paper, packaging and wood products company. Inpac services the demand from multinational companies to outsource packaging

Red Fort Capital and Parsvnath launch office project in New Delhi

Red Fort Capital and Parsvnath Developers have launched Red Fort Parsvnath Towers, a 300,000 square foot grade A office project in Connaught Place, New Delhi’s supply-constrained CBD. The Red Fort Parsvnath Towers are located on a five-acre parcel adjacent to The Metropolitan Hotel and convenient to a metro station. Red

Carla McNulty Bauer and Sarvjit S Dhillon

Guernsey delegation sees opportunities in India

Guernsey’s finance industry has significant opportunities to win business in India, according to Peter Niven, chief executive of Guernsey Finance, the promotional agency for the island’s finance industry. Niven was speaking at the culmination of a week-long delegation to Delhi and Mumbai organised by Guernsey Finance and led by Carla

Magazines

Geo Genesis to assist Flourish Media on listing and fundraising

Geo Genesis Group, an advisory and investment company focussed on China and other emerging markets, has signed an agreement with Flourish Media, a Chinese based publisher of magazines, to provide a consultancy service to structure a listing and a fundraising.  Under the terms of the agreement, Geo Genesis will assist

CDC to boost microfinance industry in India with USD10m investment

CDC, the UK’s development finance institution, has made a USD10m investment in Lok Capital II, a commercial microfinance fund that supports businesses across India. CDC is an anchor investor in the fund and has helped Lok Capital II attract a total of USD52m at the first close of its fundraising.

ATC opens Shanghai office

Fiduciary and business services firm ATC has opened an office in Shanghai, China. All the necessary regulatory and licensing approvals have been received from the Chinese authorities. ATC has previously serviced China-based clients via itsr Hong Kong office. Following the opening in Shanghai, ATC will have 19 offices in 17

Chinese banks entering partnerships with private equity firms

China’s commercial banks are entering the emerging sectors via partnerships with private equity institutions. This August, Beijing-based China Minsheng Banking established a partnership with DE Shaw Group, an institution engaged in energy investment. Both sides agreed to cooperate in the field of RMB private equity investment and Minsheng Bank said

Grow VC and C2I Ventures launch national funding network for China

The China Grow VC network, launched by Grow VC in collaboration with C2I Ventures, will open doors for entrepreneurs and early stage startups in China into the “crowdfunding” arena.   The network also aims to provide a strong startup support infrastructure that encourages startup culture. The launch of an exclusive

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