PE Tech Report

Weekly Asia News (Friday)

MGPA and Axa agree terms for Singapore office lease

MGPA, the private equity real estate investment advisory company, and financial services provider Axa have agreed terms for Axa to become the anchor tenant for 8 Shenton Way, Singapore. The building, which has been leased for an initial six year term, will become a key hub for Axa’s Asian operations.

Great Wall of China

NYPC to launch RMB-denominated private equity fund

New York Pacific Capital has signed a memorandum of understanding with the Beijing Municipal Bureau of Finance for the establishment of an RMB-denominated private equity fund in Beijing. According to the memorandum, the fund will invest primarily in high growth Chinese companies in the healthcare, cleantech, education/culture and consumer products

Ying White, Akin Gump

Akin Gump promotes Beijing’s Ying White to partner

Law firm Akin Gump Strauss Hauer & Feld has promoted Ying Z. White to partner.  White leads the firm’s investment funds practice in its Beijing office.   Prakash H. Mehta, co-leader of Akin Gump’s firm-wide investment funds practice, says: “Ying’s command of the China funds market, her solid public-sector credentials

China Flag

Minsheng Banking teams up with D. E. Shaw Group

China Minsheng Banking has entered into a partnership with investment and technology development firm D. E. Shaw Group. Under the partnership, both sides will launch cooperation in the fields of investment strategy and Renminbi private equity. Established in 1988, D. E. Shaw Group focuses on investing in major industrial countries

Singapore

Alter Domus opens an office in Singapore

Alter Domus, an independent provider of outsourced administration services to multinationals and alternative investment funds, has opened its office in Singapore. The firm says Singapore is fast emerging as a key destination for multinational corporations and for the fund management industry. It views Singapore as a critical component of its

Castle Private Equity increases exposure to Asia

During the past 24 months Castle Private Equity’s geographical exposure to Asia has increased to 13.8 per cent.  Hans Markvoort, head of private equity investment solutions at LGT Capital Partners and lead manager of Castle Private Equity, says the Asian private equity landscape is a widely diverging geography with numerous opportunities.

India’s need for infrastructure inspires public-private investment

The latest plans to tackle India’s inadequate infrastructure present novel ways for investors to access growth, says Nitin Jain, head of long-only equities asset management at Kotak Mahindra (UK). Despite its underdeveloped infrastructure, India is predicted to achieve growth of up to 9.4 per cent in 2010.  According to the

TLG Capital takes 36 per cent stake in Indian cartridge refilling network

TLG Capital has closed its first deal in India with Re-feel Cartridge Engineering. The company is India’s largest and fastest growing printer cartridge refill and laptop repair services’ company. Re-feel’s cartridge refilling service costs a third of the original manufacturer’s price. Re-feel’s wholly-owned ClubLaptop subsidiary will offer laptop repairs at

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