Global venture capital firm Sequoia Capital has reportedly led a US$400 million funding round for China-based blockchain hardware developer Bitmain Technologies. The company develops and sells bitcoin mining machines and has offices in Amsterdam, Hong Kong, Tel Aviv, Qingdao, Chengdu, Shanghai and Shenzhen. Bitmain plans to use the new funding… Read More
The regulations for infrastructure investment trusts (InvITs) were notified by the Securities and Exchange Board of India (SEBI) in September 2014. The introduction of InvITs has been viewed with high expectations as an innovative, new vehicle that can play a crucial role in meeting India’s significant infrastructure requirements, estimated to be INR 50,000 billion in… Read More
Does Law Matter? Although that may be an odd question for a practicing lawyer to pose, it is a central question for legal academics and policy-makers – in all countries, and across all fields of activity. How does any particular law affect the way people behave? Is it a force for good, or does… Read More
The Cayman Islands has long had a robust anti-money laundering and combatting of terrorist financing regime (the AML Regime) aimed at ensuring that Cayman Islands financial service providers adopt appropriate procedures to safeguard against the commission of money laundering and/or terrorist financing offences. This article explores a number of significant changes to the regulatory framework… Read More
Vietnam-focused asset manager Dragon Capital has acquired one million shares in Vietnam-listed Viet Capital Securities for VND85.2 billion (approximately US$4 million), increasing its stake to 9.06 percent. Separately, Dragon Capital reportedly sold 350,000 shares of Vietnam-listed Military Bank for VND10.7 billion (approximately US$470,000), reducing its stake from 6.01 percent to… Read More
Global investment manager KKR has agreed to acquire a 56.52 percent stake in Indonesia-listed subsidiary Unilever Indonesia’s food spreads business for IDR2.92 trillion (approximately US$208 million). The deal forms part of KKR’s bid to acquire Unilever’s global spreads unit. Through the transaction, KKR will procure Unilever Indonesia’s global and domestic… Read More
Download Private Equity’s Role in Delivering the SDGs: Current Approaches and Good Practice Executive Summary The U.N. Sustainable Development Goals (SDGs or Global Goals) provide a global framework for addressing the most urgent global social and environmental challenges. They set out a pathway to inclusive growth and represent a… Read More
China-focused private equity firm Green Harbor Investment has led a CNY800 million (approximately US$125 million) Series D round for China-based used-car auction platform Jiangsu Chezhibao Information Technology. Existing investors PAG, Addor Capital and Gobi Partners also participated in the round. The company plans to use the new capital to expand… Read More
Asia Pacific-focused private equity investor Morgan Stanley Private Equity Asia (MSPEA) has partially exited South Korea-listed train maker Hyundai Rotem for KRW245 billion (approximately US$229 million), selling 7 million shares at KRW35,075 (approximately US$33) per share through a block trade on the Korea Exchange. MSPEA originally acquired a 42.36 percent… Read More
U.K.-based semiconductor company Arm Holdings, a subsidiary of SoftBank Group, has agreed to sell a 51 percent stake in its Chinese division, Arm Technology China, to a consortium led by Hou An Innovation Fund for US$775 million. Hou An Innovation Fund is an investment vehicle co-managed by Arm Holdings and… Read More
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