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Weekly Asia News (Friday)

Taiwan

K&L Gates appoints corporate partner in Tapei and Palo Alto offices

Law firm K&L Gates has added Jim Wu, a former general counsel with Yahoo! Asia Pacific, as a corporate partner in its Taipei and Palo Alto offices.

 Wu has functioned in a leadership or in-house counsel role for a variety of different entities during the past decade and a half, advising

Hong Kong

Kinetic Partners promotes two in Hong Kong team

Kinetic Partners, the global financial services advisory firm, has made two promotions in its team in Hong Kong. AnnMarie Croswell has been promoted to member and Katrina Banh to associate director within Kinetic Partners regulatory compliance team in Hong Kong.   Since establishing in Hong Kong two years ago, Kinetic

Hedge fund index

Augentius Singapore to administer USD1bn L Capital fund

Augentius Singapore has been appointed to administer the L Capital Asia Fund 2, which has commitments of USD1bn. L Capital Asia Fund 2 is the latest private equity fund sponsored by the LVMH Group / Groupe Arnault and YTL.   L Capital Asia is characterised by the multidisciplinary nature of

Private equity firm Viola acquires additional RRsat shares for USD9.4m

Israeli private equity company Viola Group has increased its ownership stake in RRsat Global Communications by acquiring an additional 6.6 per cent interest from Kardan Communications L for a total investment of USD9.4m. "The increased ownership position reflects a significant, ongoing vote of confidence by a leading private equity investment

China Flag

Adamas Finance Asia to invest in BRJ China Private Credit Fund

AIM-quoted investment group Adamas Finance Asia (AFA) is to invest USD500,000 into an investment fund managed by Adamas Asset Management , the Hong Kong-based firm that since February 2014 has been acting as AFA’s investment manager. The new investment is being made into the BRJ China Private Credit Fund.   It

Plane taking off

Warburg Pincus to acquire majority stake in mercator from dnata

Private equity firm Warburg Pincus is to acquire a majority stake in mercator, a provider of software and technology-enabled outsourcing solutions to the global aviation industry, from dnata. dnata will retain a minority stake.    Headquartered in Dubai, mercator helps airlines move passengers and cargo to their destinations safely and

Encore Consumer Capital sells tarte to KOSÉ Corporation

Private equity firm Encore Consumer Capital has completed the sale of its portfolio company, tarte Inc, to KOSÉ Corporation, a Tokyo-based global cosmetics business with a primary focus on Asia. tarte is a natural cosmetics company based in New York.   Kevin Murphy, managing director of Encore Consumer Capital, says:

Hong Kong

Hong Kong Trust selects Linedata for fund administration services

The Hong Kong Trust Company has chosen and implemented Linedata Admin Edge to provide fund administration servicing for its client base of individuals, family offices, intermediaries and corporations. Hong Kong Trust provides professional trusteeship, fiduciary services, fund and private equity administration and corporate services.   The selection of Linedata Admin

India flag

CDC makes USD28m investment in India’s Ratnakar Bank

CDC Group, the UK’s development finance institution, is making a USD28m equity investment in Ratnakar Bank (RBL Bank) in India. The investment, which sees CDC take a 4.8 per cent stake in the bank, will support RBL Bank’s expansion into new regions of India and is CDC’s first direct equity

Zoyi Capital invests in Camelot Information Systems

Zoyi Capital has completed its USD20m investment in Camelot Information Systems, a provider of enterprise application services and financial industry information technology services in China. This follows the announcement by Camelot in September last year that it had entered into a merger agreement for a going private transaction.   Camelot

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