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European firms have become the top target for overall Chinese outbound investment, a trend that is supported by the Chinese government.
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Lombard Street Research told more than 300 delegates at the PERE Summit: Asia today how China’s real GDP growth should be forecasted to be just 5 percent over the next 10 years. The stat turned out to be one of Day One’s major talking points.
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Electronics manufacturer Beyonics has been delisted from the Singapore stock exchange, having been “undervalued”.
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After expanding its presence in Asia last year, Dubai-headquartered Abraaj Capital has further strengthened its position in the continent by acquiring Aureos Capital.
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The two private equity heavyweights have taken steps toward a joint deal to acquire 95 percent of Reliance Infratel, which stands to be the biggest leveraged-buyout ever in the country.
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A Shanghai-based RMB fund is the latest government move to encourage Chinese companies to make acquisitions abroad.
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Mark Machin has been appointed president of CPPIB Asia, as the Canadian pension plan looks to enhance its investment activities, including that of real estate, in the region.
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Iconic Australian surf brand Billabong has rebuffed a A$765m ($823m) offer from buyout firm TPG, paying down debt by offloading a subsidiary to Trilantic Capital Partners instead.
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Korea’s National Pension Service plans to start investing its first pan-Asia fund, but critics cite questionable decisions over manager selection.
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Perspective
17 Feb 2012   Investment director at fund of funds Squadron Capital, Dongao Yan, speaks to PE Asia about investor sentiment towards the region and finding the right GPs.