The PEI Awards 2015: Mid-Market Firm of the Year in Asia
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13297 Private Market Fundraising Advert_Layout 1 11/10/2013 16:42 Page 1 Available as an eBook PRIVATE MARKET FUNDRAISING World-class fundraising techniques for private equity, debt, real estate and infrastructure funds And the • Acquire insight into how LPs are viewing the fundraising environment and how they are approaching portfolio construction winner is ... • Optimise your firm’s preparation with detailed timelines and plans As a reader of Private Equity International, you’ll be familiar • Take full advantage of ‘non-marketing’ situations for marketing with this next very special section, which details the firms, funds and deals that stood out from the crowd in 2015. • Familiarise yourself on how to work with placement agents for an optimal campaign and with gatekeepers to get your foot in the door Each year, our global edit team works through the views and opinions of colleagues and contacts in the market to build a list of nominees for what is the private equity • Nail that all important face-to-face presentation industry’s most comprehensive set of awards. The chal- lenge is to select the few who have caught the eye of …plus much more many. In addition to drawing up a shortlist of four nomi- nees per category, we include a fifth ‘write-in’ option for each category to let readers input their own preferences. Attracting thousands of votes from all over the world, the results provide evidence of the dynamic and diverse nature of private equity. AVAILABLE NOW While it’s the industry itself that ultimately chose this year’s Order your copy of this essential title today: slate of winners, there is one award given solely at our editorial team’s discretion: the PEI Game Changer Award. The 2015 Game Changer goes to PGGM CIO of private www.privateequityinternational.com/pmf markets Ruulke Bagijn, who has been confronting transpar- ency, fees and other industry issues head-on. On p. 51, we detail some of her efforts to advance best practice to [email protected] the next level. London: +44 (0) 20 7566 5444 In addition to honouring the private equity indus- New York: +1 212 633 1073 try’s standout players in 2015, the following pages also provide a blueprint for which firms and funds are con- Hong Kong: +852 2153 3240 sidered best placed for 2016 and beyond. Quite simply, they are the world’s most highly regarded private equity professionals. Congratulations to all the winners and runners-up, and SPECIAL OFFER TO SUBSCRIBERS: very best of luck next year to everyone else. Order your copy today quoting SUBBK15 and receive a 15% discount THE PRIVATE EQUITY INTERNATIONAL AWARDS 2015: ROLL OF HONOUR EMEA AMERICAS ASIA LARGE-CAP FIRM OF THE YEAR IN EUROPE LARGE-CAP FIRM OF THE YEAR LARGE-CAP FIRM OF THE YEAR IN ASIA CVC Capital Partners IN NORTH AMERICA Baring Private Equity Asia The Blackstone Group MID-MARKET FIRM OF THE YEAR IN EUROPE MID-MARKET FIRM OF THE YEAR IN ASIA EQT MID-MARKET FIRM OF THE YEAR Navis Capital Partners IN NORTH AMERICA LIMITED PARTNER OF THE YEAR IN EUROPE Partners Group LIMITED PARTNER OF THE YEAR IN ASIA PGGM Government of Singapore Investment Council LIMITED PARTNER OF THE YEAR CO-INVESTOR OF THE YEAR IN EUROPE IN NORTH AMERICA CO-INVESTOR OF THE YEAR IN ASIA Ardian CDPQ Temasek EXIT OF THE YEAR IN EUROPE CO-INVESTOR OF THE YEAR EXIT OF THE YEAR IN ASIA King Digital Entertainment (Apax Partners) IN THE AMERICAS HKBN (CVC Capital Partners) DEAL OF THE YEAR IN EUROPE Canada Pension Plan Investment Board DEAL OF THE YEAR IN ASIA Douglas Holdings (CVC Capital Partners) NORTH AMERICAN DEAL OF THE YEAR GE Capital (KKR/Värde Partners/Deutsche Bank) SECONDARIES FIRM OF THE YEAR IN EUROPE Heinz (3G Capital/Berkshire Hathaway) Ardian NORTH AMERICAN EXIT OF THE YEAR SECONDARIES FIRM OF THE YEAR IN ASIA NewQuest Capital Partners SECONDARIES DEAL OF THE YEAR IN EUROPE Freescale Semiconductor (The Blackstone Palamon Capital Partners (Goldman Sachs Group/The Carlyle Group/Permira/TPG) SECONDARIES DEAL OF THE YEAR IN ASIA AIMS PE Group/Morgan Stanley AIP/ SECONDARIES FIRM OF THE YEAR Mizuho Financial Group (Lexington Partners) Rothschild Merchant Banking Group/ IN THE AMERICAS SECONDARIES ADVISOR OF THE YEAR Adams Street Partners/PGGM) Ardian IN ASIA SECONDARIES ADVISOR OF THE YEAR SECONDARIES DEAL OF THE YEAR Credit Suisse IN EUROPE IN THE AMERICAS FIRM OF THE YEAR IN AUSTRALASIA Lazard CalPERS real estate interests Pacific Equity Partners SPECIAL SITUATIONS/TURNAROUND FIRM (Strategic Partners) FIRM OF THE YEAR IN CHINA OF THE YEAR IN EUROPE SECONDARIES ADVISOR OF THE YEAR KKR Sun European Partners IN THE AMERICAS FIRM OF THE YEAR IN JAPAN DISTRESSED DEBT FIRM OF THE YEAR Credit Suisse J-STAR IN EUROPE SPECIAL SITUATIONS/TURNAROUND FIRM Oaktree Capital Management OF THE YEAR IN NORTH AMERICA FIRM OF THE YEAR IN KOREA MBK Partners FIRM OF THE YEAR IN AFRICA KKR Helios Investment Partners DISTRESSED DEBT FIRM OF THE YEAR FIRM OF THE YEAR IN INDIA Everstone Capital Partners FIRM OF THE YEAR IN BENELUX IN NORTH AMERICA Apollo Global Management Waterland Private Equity Investments FIRM OF THE YEAR IN SOUTH-EAST ASIA Aberdeen Asset Management FIRM OF THE YEAR IN CEE/RUSSIA FIRM OF THE YEAR IN CANADA Onex Mid Europa Partners FRONTIER MARKET FIRM OF THE YEAR IN ASIA FIRM OF THE YEAR IN FRANCE FIRM OF THE YEAR IN LATIN AMERICA Dragon Capital PAI Partners Advent International FUND OF FUNDS MANAGER FIRM OF THE YEAR IN GERMANY FUND OF FUNDS MANAGER OF THE YEAR OF THE YEAR IN ASIA Terra Firma Capital Partners IN NORTH AMERICA Aberdeen Asset Management Aberdeen Asset Management FIRM OF THE YEAR IN IBERIA DISTRESSED/SPECIAL SITUATIONS FIRM Magnum Capital Industrial Partners PLACEMENT AGENT OF THE YEAR IN NORTH AMERICA OF THE YEAR IN ASIA FIRM OF THE YEAR IN ITALY Mercury Capital Advisors SSG Capital Management Apax Partners LAW FIRM OF THE YEAR IN NORTH AMERICA PLACEMENT AGENT OF THE YEAR IN ASIA FIRM OF THE YEAR IN MENA (FUND FORMATION) Eaton Partners The Abraaj Group Kirkland & Ellis LAW FIRM OF THE YEAR IN ASIA FIRM OF THE YEAR IN THE NORDICS LAW FIRM OF THE YEAR IN NORTH AMERICA (FUND FORMATION) EQT (TRANSACTIONS) King & Wood Mallesons Debevoise & Plimpton FIRM OF THE YEAR IN SWITZERLAND LAW FIRM OF THE YEAR IN ASIA PAI Partners LENDER OF THE YEAR IN NORTH AMERICA (TRANSACTIONS) Ares Management Clifford Chance FIRM OF THE YEAR IN THE UK Inflexion Private Equity FUND OF FUNDS MANAGER OF THE YEAR IN EUROPE HarbourVest Partners PLACEMENT AGENT OF THE YEAR IN EUROPE Campbell Lutyens LAW FIRM OF THE YEAR IN EUROPE (FUND FORMATION) King & Wood Mallesons LAW FIRM OF THE YEAR IN EUROPE (TRANSACTIONS) King & Wood Mallesons LENDER OF THE YEAR IN EUROPE ICG 50 private equity international annual review 2015 THE PEI AWARDS 2015: ASIA LARGE-CAP FIRM MID-MARKET FIRM GIC’s sophistication as a long-term value OF THE YEAR IN ASIA OF THE YEAR IN ASIA investor means it is often mimicked by other sovereign wealth funds in adopting 1. Baring Private Equity Asia 1. Navis Capital Partners a more hands-on investment attitude. 2. CVC Capital Partners 2. MBK Partners With more than 100 active fund rela- 3. CITIC Capital Partners 3. Ascendent Capital Partners tionships and 9 percent of its $345 billion- plus total assets invested in private equity Last year saw Baring Private Equity The Malaysian flagship firm takes the spot and a third of its overall portfolio invested Asia close its sixth fund on its $3.98 billion for the third time despite consciously hold- in Asia-Pacific, as well as pursuing an active hard-cap – one of the largest funds raised ing back its pace of investment compared co-investment and direct strategy, GIC by an Asia-based firm – having attracted with previous years. remains one of the most energetic and commitments from the Navis Capital Partners began the year best-funded LPs in the region. likes of the Illinois with a bang, closing its seventh fund on its Investments last year include $85 million Teachers’ Retire- $1.5 billion target. The firm went on to take in cosmetics ingredients supplier Bloomage ment System, a majority stake in Dometic Medical Division BioTechnology Corporation, $4.5 billion for Texas County & as part of a management buyout deal, acquire a majority stake in UK roadside recovery District Retire- Singapore’s Imperial Treasure Restaurant group RAC, about $185 million for a joint ment System and Group for around S$60 million-S$80 million venture with Canada Pension Plan Invest- New York State ($43 million-$57 million; €38 million-€50 ment Board to acquire D-Cube Retail Mall in Common Retire- million), and sell Singapore’s largest hazardous Seoul, South Korea, as well as a slew of other ment Fund. waste management company ECO Industrial property projects across India and China. Two headline-grabbing acquisitions Environmental Engineering to China’s Beijing GIC has increased its exposure to Asia from from the fund included the $1.1 billion Capital Group for S$246 million. 27 percent to 30 percent, and has raised its purchase of Vistra Group from IK Invest- Navis, led by co-managing partner Nich- exposure to North Asia, with the region now ment Partners and global fund adminis- olas Bloy (pictured), also appointed accounting for 15 percent of its holdings. tration and corporate services firm former Macquarie Asia private Orangefield Group. equity head Hugh Dyus in The firm, led by chief May. executive Jean Eric Salata Navis closed the year (pictured above), also sold its on a high, exiting its 14 percent stake in Lafarge investment in Thailand’s India back to Lafarge in a deal Golden Foods Siam, gen- valued at about $303 million.