The Mongol Lottery Baring Private Equity Asia’S Jean Eric Salata Foreign Investors Crave Mongolia’S Resources, but Fear Its Murky Politics Page 7 Page 15

Total Page:16

File Type:pdf, Size:1020Kb

The Mongol Lottery Baring Private Equity Asia’S Jean Eric Salata Foreign Investors Crave Mongolia’S Resources, but Fear Its Murky Politics Page 7 Page 15 Asia’s Private Equity News Source avcj.com March 26 2013 Volume 26 Number 12 EDITor’s VieWPOINT Nominations open for the AVCJ China Awards Page 3 NEWS AMP, Canaan, Carlyle, CPPIB, CVC, CVCI, FountainVest, JAFCO, KKR, Quadria, Shoreline Page 4 INDONESIA WEBINAR What must Indonesia do to turn the hype into private equity returns? Page 10 DEAL OF THE WEEK Leopard Capital makes Cambodia agriculture investment Page 14 INDUSTRY Q&A The Mongol lottery Baring Private Equity Asia’s Jean Eric Salata Foreign investors crave Mongolia’s resources, but fear its murky politics Page 7 Page 15 FOCUS DEAL OF THE WEEK Digital down under Mekong mobile exit Angels back Australian venture revival Page 13 PE firm to sell rest of Mobile World in IPO Page 14 AVCJ WILL SKIP AN ISSUE NEXT WEEK FOR THE EASTER HOLIDAY. WE return ON APRIL 9 INNOVATION... SOPHISTICATION... INTEGRATION... Shearman & Sterling has an established presence with a 139-year legacy. It is one of the world’s leading international law firms known for its expertise in virtually every area of law relating to commercial and financial activity, from advice on investment funds, capital markets, corporate/mergers and acquisitions, project development and finance transactions through to representation in international arbitration and litigation. With a long-standing commitment to Asia for more than 30 years, we offer a sophisticated approach to deliver innovative and integrated strategic, tactical and technical advice to our clients. Our core practice areas include: ▪ Acquisition Finance ▪ Intellectual Property ▪ Privatizations ▪ Asset Management ▪ International Arbitration ▪ Project Development ▪ Banking & Finance ▪ Litigation & Dispute & Finance ▪ Capital Markets Resolution ▪ Regulatory & Compliance ▪ Direct Investment ▪ Mergers & Acquisitions ▪ Fund Formation ▪ Private Equity ABU DHABI | BEIJING | BRUSSELS | DÜSSELDORF | FRANKFURT | HONG KONG | LONDON | MILAN | MUNICH | NEW YORK PALO ALTO | PARIS | ROME | SAN FRANCISCO | SÃO PAULO | SHANGHAI | SINGAPORE | TOKYO | TORONTO | WASHINGTON, DC shearman.com EDITor’s VieWPOINT [email protected] Managing Editor Tim Burroughs (852) 3411 4909 Staff Writers Andrew Woodman (852) 3411 4852 Winnie Liu (852) 3411 4907 Have your say in Creative Director Dicky Tang Designers Catherine Chau, Edith Leung, Mansfield Hor, Tony Chow Senior Research Manager Helen Lee the China Awards Research Manager Alfred Lam Research Associates Herbert Yum, Jason Chong, Kaho Mak INNOVATION... AS anyone WHO HAS BEEN READING • Private Equity Deal of the Year Circulation Manager AVCJ’s coverage in recent months will know, • Venture Capital Deal of the Year Sally Yip China fundraising disappointed in 2012. Country- • Exit of the Year Circulation Administrator focused funds attracted just $23.4 billion, down • Fundraising of the Year - US Dollar Prudence Lau 51.3% on the previous year. The damage was • Fundraising of the Year – Renminbi Manager, Delegate Sales SOPHISTICATION... done in the second half, and mainly by renminbi- Pauline Chen denominated vehicles. After attracting $15.7 Submissions can be made via email Senior Marketing Manager Rebecca Yuen billion in the first six months, local currency funds ([email protected]) or online and got just $4.2 billion in second six months. will be accepted until April 15. They should Director, Business Development Darryl Mag So where does this leave us for the 2013 AVCJ relate to investment, exit and fundraising activity China Awards? We have separate categories for between April 1, 2012 and March 31, 2013. Manager, Business Development Anil Nathani, Samuel Lau INTEGRATION... US dollar and renminbi fundraising and, based The AVCJ Editorial Board will evaluate the Sales Coordinator on the headline statistics, pickings for the latter entries and submit a long list in each category Debbie Koo should be pretty slim, especially when we strike to a select panel of industry judges. The judges Conference Managers out the government-driven entities. will consider these recommendations, and if Jonathon Cohen, Sarah Doyle, Zachary Reff, Last year, Co-Win Capital’s RMB2.5 billion necessary, propose alternative candidates. The Conference Administrator Amelie Poon ($402 million) Nanhai Growth Fund V triumphed final shortlists - no more than five per category - Conference Coordinator Shearman & Sterling has an established presence with a 139-year legacy. It in a category that was, with all due respect to the will then be drawn up. Fiona Keung, Jovial Chung nominees, lacking a truly big name. Fortunately, The shortlists will be posted online for the Publisher & General Manager is one of the world’s leading international law firms known for its expertise in this year we already have two: China International entire PE and VC community to vote on from May Allen Lee virtually every area of law relating to commercial and financial activity, from Capital Corp. (CICC) raised RMB5 billion for 2-16. As in previous years, voting is not limited Managing Director the CICC Jia Tai Private Equity Fund; and CDH to AVCJ subscribers but voters must register - Jonathon Whiteley advice on investment funds, capital markets, corporate/mergers and acquisitions, Investments reached a final close of RMB8 billion providing name, firm and contact details - so as Chairman Emeritus on its second local currency vehicle. to avoid vote packing. No more than 10 votes Dan Schwartz project development and finance transactions through to representation in On the US dollar side, it was difficult to will be accepted from employees of a single firm. international arbitration and litigation. look past Hony Capital Fund V, which took The AVCJ subscriber base has a 50% say in the barely four months to accumulate $2.4 billion final result, with the judges and the AVCJ Editorial Incisive Media 20th Floor, in commitments. It’s possible we will end up Board each accounting for 25%. Tower 2, Admiralty Centre with a similar situation in 2013: At $1.35 billion, The winners will be announced at the Awards 18 Harcourt Road, With a long-standing commitment to Asia for more than 30 years, we offer a Admiralty, Hong Kong FountainVest Partners’ second China fund is by a cocktail, held in Beijing on May 30 as part of the T. (852) 3411-4900 distance the largest US dollar vehicle out there. 2013 AVCJ China Forum. F. (852) 3411-4999 sophisticated approach to deliver innovative and integrated strategic, tactical E. [email protected] Who deserves the plaudits? Nominations for URL. avcj.com and technical advice to our clients. Our core practice areas include: the awards are now open, so you can have your Beijing Representative Office say. The categories are as follows: Room 1805, Building 10, Jianwai SOHO, 39 East 3rd-Ring Road, • Firm of the Year Tim Burroughs Chaoyang District, • Private Equity Professional of the Year Managing Editor Beijing 100 022, China ▪ Acquisition Finance ▪ Intellectual Property ▪ Privatizations T. (86) 10-5869-6205 • Venture Capital Professional of the Year Asian Venture Capital Journal F. (86) 10-5869-7461 ▪ Asset Management ▪ International Arbitration ▪ Project Development E. [email protected] ▪ Banking & Finance ▪ Litigation & Dispute & Finance Please note that our Hong Kong office will move to the following address with effect from April 1, 2013 The Publisher reserves all rights herein. Reproduction in whole or ▪ Capital Markets Resolution ▪ Regulatory & Compliance in part is permitted only with the written consent of AVCJ Group Limited AVCJ Group Limited. Direct Investment Mergers & Acquisitions ISSN 1817-1648 Copyright © 2013 ▪ ▪ Unit 1401-03, Devon House, Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong ▪ Fund Formation ▪ Private Equity General Tel: +852 3411 4900 General Fax: +852 3411 4999 General phone and fax numbers remain unchanged. Should you have any further queries, please do not hesitate to contact us. ABU DHABI | BEIJING | BRUSSELS | DÜSSELDORF | FRANKFURT | HONG KONG | LONDON | MILAN | MUNICH | NEW YORK PALO ALTO | PARIS | ROME | SAN FRANCISCO | SÃO PAULO | SHANGHAI | SINGAPORE | TOKYO | TORONTO | WASHINGTON, DC Number 12 | Volume 26 | March 26 2013 | avcj.com 3 shearman.com NEWS KKR exits Intelligence products. The company has established four ASIA PACIFIC major R&D platforms: genetic engineering drugs, Holdings in $537m sale photodynamic therapy drugs, drug delivery Blackstone property fund KKR has agreed to exit Japanese recruitment systems and medical diagnostics products. gets New Jersey backing services provider Intelligence Holdings as Temp Holdings buys all shares held by the private Qiming, KPCB lead $21.3m New Jersey Division of Investment plans to equity firm and company management for JPY51 commit $500 million to The Blackstone Group’s billion ($537 million). The deal is expected to be investment in Origene debut Asia real estate fund. The vehicle’s completed next month. Qiming Venture Partners and KPCB China have existence was confirmed last December. Established in 1989, Intelligence offers several led $21.3 million of Series C funding in OriGene services including permanent job placement, Technologies, a biotech company based in the job advertising media, temporary staffing and US and China. Previous investors IDG-Accel also AUSTRALASIA outsourcing. Temp Holdings is one of Japan’s participated in the round. Origene develops, largest comprehensive recruitment services manufactures and sells tools for genetics- High-profile angels back companies and is in the process of expanding its related research and diagnostics. The
Recommended publications
  • Powered by People UOB’S Wee Yap Yeo on SE Asia Mezzanine Strategy Asian Regulators, Vcs Grapple with the Crowdfunding Phenomenon? Page 7 Page 15
    Asia’s Private Equity News Source avcj.com September 16 2014 Volume 27 Number 34 EDITOR’S VIEWPOINT The uncertain world of China short-selling Page 3 NEWS Ardian, Baidu, Baring, Fosun, Gobi, KKR, Macquarie, MSPEA, Redbright, Partners Group, Permira, PEP Page 4 FUNDS Leapfrog raises $400m financial services fund Page 12 DEAL OF THE WEEK Standard Chartered taps chemical tanker demand Page 13 INDUSTRY Q&A Powered by people UOB’s Wee Yap Yeo on SE Asia mezzanine strategy Asian regulators, VCs grapple with the crowdfunding phenomenon? Page 7 Page 15 FOCUS DEAL OF THE WEEK Shop till they drop? Service with a smile Alibaba, Rocket and online retail overseas Page 10 Mekong makes 9x on Vietnam dining deal Page 13 Private Equity & Venture Forum Taiwan 2014 20 November • Westin Taipei GLOBAL PERSPECTIVE, LOCAL OPPORTUNITY avcjtaiwan.com Join the leading private equity Simultaneous translation is available conference in Taiwan! 活動全程提供 中英文同傳。 reasons to attend 5 : Gain insights from the world’s leading private equity firms and local market leaders Network and collaborate with like-minded industry professionals Understand latest policy developments and the impact on your business Explore the hot sectors with senior industry practitioners Examine the implications of the latest and future industry trends BY TYPE OF COMPANY BY TITLE BY COUNTRY China Managing Director / 3% Partner / CFO, GPs 22% Hong Kong LPs 12% Principal / VP / Japan Associate, 1% 50% Director / GM / Taiwan Chief Rep., 80% 19% Limited General Chairman / CEO / President, Singapore Partners,
    [Show full text]
  • Special Evaluation Study on Private Equity Fund Operations
    Evaluation Study Reference Number: SST: REG 2008-17 Special Evaluation Study July 2008 Private Equity Fund Operations Operations Evaluation Department ABBREVIATIONS ADB – Asian Development Bank AIG – American International Group AISF – AIG Indian Sectoral Fund APVL – Asia Pacific Ventures Limited ASEAN – Association of Southeast Asian Nations CAGR – compound annual growth rate CalPERS – California Public Employees Retirement System CAPE – country assistance program evaluation CAPM – capital asset pricing model CLASS – comprehensive loan administration and servicing system CPS – country partnership strategy CSP – country strategy and program CTL – Controller’s Department DMC – developing member country EBRD – European Bank for Reconstruction and Development EMPEA – Emerging Markets Private Equity Association ESHS – environmental, social, health, and safety FDI – foreign direct investment FIRR – financial internal rate of return GDP – gross domestic product HQPV – H&Q Philippine Ventures Incorporated ICICI – Industrial Credit and Investment Corporation of India ICT – information and communication technology IFC – International Finance Corporation IL&FS – Infrastructure Leasing & Financial Services Limited IVCL – IL&FS Venture Capital Limited LAPIC – Lombard Asian Private Investment Company LNWCEI – Liberty New World China Enterprises Investments MDB – multilateral development bank NPL – nonperforming loan OED – Operations Evaluation Department OGC – Office of the General Counsel OIST – Office of Information Systems and Technology PAU – Project
    [Show full text]
  • Quarterly Review a Publication of the Emerging Markets Private Equity Association ● Volume V, Issue 2, Q2 2009 June 2009
    Emerging Markets Private Equity Quarterly Review A Publication of the Emerging Markets Private Equity Association ● Volume V, Issue 2, Q2 2009 June 2009 Viewpoint In This Issue The first half of 2009 has been a dismal time for private equity and venture capi- tal firms worldwide, and emerging markets PE fund managers are seeing their FEATURES share of challenges. The recent upswing in the emerging markets stock indices gives hope that the impact of the financial crisis has already hit bottom in these markets, ahead of developed countries. But even if this trend holds—and it is not Plugging the Financing Gap: yet clear it will—private equity and venture capital fund managers in developing Is There a Growing Role for countries are not out of the woods yet. Mezzanine and Debt Funds? 3 Fundraising for EM PE remains very difficult, with Q1 2009 totals down 71% year-on-year, with no clear rebound in sight. LPs retain a positive outlook for new 2009 LP Survey Results: EM PE investment opportunities and expect outperformance from legacy and LPs Still Find Emerging Markets new funds relative to developed market buyouts. However, near-term financing Private Equity Attractive Despite constraints among many Western LPs will limit their ability to commit substantial Global Economic Downturn 8 funds to the asset class this year. In the midst of this crisis, the financing gap for developing market companies is Fundraising and Investment raising its head, as equity and debt availability is constrained. Fund managers and Slows in Q1 2009 11 development finance institutions are looking at innovative ways to fill the gap us- ing debt and mezzanine fund structures and vehicles, but these nascent efforts are not yet off the ground.
    [Show full text]
  • GOVERNANCE in EMERGING MARKET PRIVATE CAPITAL a Practical Resource for Investors and Fund Managers
    2019 GOVERNANCE IN EMERGING MARKET PRIVATE CAPITAL A practical resource for investors and fund managers A product of the Governance Working Group of the EMPEA ESG Community Governance in Emerging Market Private Capital 1 About the EMPEA ESG Community EMPEA’s Board of Directors Robert Petty (Chairman) The EMPEA ESG Community is open to all individuals at EMPEA Co-Founder Clearwater Funds / Co-CEO and Co-CIO Fiera Capital (Asia) member firms who have an active interest in environmental, social, Clearwater Funds / Fiera Capital (Asia) and governance issues (ESG) in the emerging market space. This Nicolas Rohatyn (Vice Chair) Community provides a platform to share resources and advice Chief Executive Officer & Chief Investment Officer The Rohatyn Group with EMPEA members considering how to build and/or expand Runa Alam their ESG management strategy and offers practitioners and Co-Founding Partner & Chief Executive Officer experts a forum to advance the development of ESG best practices Development Partners International through information exchange, research, and the aggregation and Fernando Borges development of innovative resources. Managing Director & Co-Head of Carlyle South America Buyout Group The Carlyle Group Project Team Torbjorn Caesar Senior Partner Hany Assaad, Co-Founder and Chief Portfolio and Risk Officer, Avanz Actis Capital Drew Guff Abir Attia, Director, Responsible Investing, AfricInvest Managing Director & Founding Partner Michael Casey, Founder and Managing Director, Portico Advisers Siguler Guff & Company Walter Van
    [Show full text]
  • Driving Vietnam's Economic Growth– the Role of Private Equity
    Driving Vietnam’s economic growth– the role of private equity and venture capital AVCJ Vietnam Forum 2017 Ho Chi Minh City, May 25, 2017 © Reddal Inc. This material is Reddal proprietary. Key messages Despite rapid growth and foreign investment, Vietnam’s economy (like many of its peers in SEA) remains vulnerable due to weak local supporting industries Vietnam’s private equity sector is still small and volatile but a vibrant ecosystem is starting to shape up, partially due to government support Finding good deals and driving systematic value creation continue to be challenging for private equity players – it is still about finding the “right opportunistic deal”, and there is room for more active HR, process, top- and bottom-line performance improvement Vietnam has promise but requires transparent policy – consumer- and technology-driven sectors have potential, and private equity could have a big economic impact if actively and transparently engaged in SOE reforms © Reddal Inc. This material is Reddal proprietary. 2 After Đổi Mới* reform, Vietnam experienced rapid growth, peaking at double digit GDP growth in 1995 GDP and GDP growth in Vietnam GDP growth (annual %) Asian GDP (current US$) financial crisis Increasing Mismanagement of export Global BTA** signed with financial SOEs and (BUSD) U.S. and increasing privatization reform crisis (%) FDI and export started 10 194 200 9 186 10 Đổi Mới 9 9 171 9 8 8 reform 156 7 8 8 8 7 136 150 7 7 7 7 6 6 106 6 6 7 6 6 6 6 116 6 5 5 5 5 5 5 99 100 5 4 4 77 66 4 3 58 49 3 50 43 37 34 35 38 27 29 2 26 25 21 25 27 14 13 16 6 6 10 10 1 0 0 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 *:Đổi Mới is the name of the major economic reforms started in Vietnam in 1986 to create a socialist-oriented market economy.
    [Show full text]
  • Cambodian Fund Leopard Capital Makes Two New Investments NEW on Alltassets! LP-GP
    NEWS & VIEWS MAGAZINE NETWORK Glloball priivate equiity and NEWS & VIEWS venture capiitall news and research Advanced HOME PE NEWS » FEATURES LP PROFIILES » KNOWLEDGE BANK » EVENTS » ARCHIIVE search We use cookies to create the best possible browsing experience for AltAssets website visitors. ACCEPT COOKIES By closing this box you agree to the use of cookies according to our privacy & cookies policy. ACCEPT COOKIES Cambodian fund Leopard Capital makes two new investments NEW on AlltAssets! LP-GP 26 Jun 2009 Network Leopard Capital, a Cambodian private equity firm, has completed its second and third deals from $27m debut vehicle Leopard Cambodia Fund. The fund has committed $1m in equity financing to Greenside Holdings. Greenside We're opening doors is part of a consortium of investors that is refurbishing, designing, constructing and commissioning a rural power transmission and distribution system. Greenside will online to connect LPs & use the funds received from Leopard to help fund its share of the $4m project. GPs worldwide The transmission and distribution system is 120km in length and includes medium and low voltage networks. The system is expected to provide grid power to 7,700 residential customers and 375 commercial and industrial customers. The total Already a member? LOG IN HERE population of the distribution area is approximately 425,000. The electrification rate in Cambodia is currently one of the lowest in Asia and there is an urgent need for more power generation and transmission. Leopard has already received its first profit-share payment from Greenside and expects consistent annual returns of 20 per cent. The Leopard Cambodia Fund has also set aside $1.8m to establish Cambodia Plantations, a Singapore-based company which will serve as an offshore finance vehicle for agricultural investments in central Cambodia.
    [Show full text]
  • Region Snapshot*
    Southeast An Overview of Trends in Select Sectors and Markets DecemberAsia 2008/January 2009 Region Snapshot* Duringuring 2007 and 2008, the private equity industry in the SoutheaSoutheastst Asia region seemed to recover from the collapse of private equity there followingfollowing the late 1990s • 2008 Population: 583 million fi nancial crisis. Despite residual concerns about political instability and corruption, and • Population Growth (2009): 1.5% worries that fallout from the US recession will worsen a slide in exports, the investment • % of Population Under 15 Years-old: 31% thesis for the region remains strong. Young and growing populationspopulations are rapidly develop- • 2008 GDP Current Prices: US$1,487 bn ing consumer habits; resource-rich economies like Indonesia standstand to gain from com- modity price gains and rising energy needs; trade relationships within the region and with • GDP Growth (2009): 4.8% other Asian partners are strengthening; and governments in the region continue to make • Infl ation (2008, 2009): 10.2%, 6.4% progress, albeit sometimes slow, toward economic reforms. Source: IMF, Population Reference Bureau. * Statistics refer to 10 countries: Brunei, Cambodia, Indonesia, Laos, Capital dedicated to private equity investment in the region has doubled over the last Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. eight years, rising from US$520 million in 2001 to US$982 million in 2008, after reach- ing a zenith in the 1990s. Between 2005 and 2008, the total value of private equity This issue of EMPEA Insight focuses on the Southeast investment in Southeast Asia nearly quadrupled, increasing from US$1.3 billion to US$5 Asian countries of Singapore, Thailand, Vietnam, billion through December 2008.
    [Show full text]
  • The Wild Card: Can Frontier Markets Equities Bounce Back? | Frontier Markets, Equities | Financeasia
    5/6/2020 The wild card: Can frontier markets equities bounce back? | frontier markets, equities | FinanceAsia Frontier markets The wild card: Can frontier markets equities bounce back? Frontier markets have been among the worst hit amid the coronavirus equities sell-off, but one veteran fund manager believes they have rarely offered better value. By Jackie Horne April 28, 2020 The coronavirus spared many frontier markets from the same infection rates suffered by Western countries, but not their stock markets. In Vietnam, for example, the VN Index fell 26.1% in dollar terms during March, outpacing US benchmark indices such as the Dow Jones Industrial Average, which dropped by 13.74% over the same period. Frontier markets are getting used to it after taking a pounding in recent years. International investors remain firmly focused on their homes markets in the US and Europe, or rapidly opening ones like China. In the following interview, Thomas Hugger, founder and CEO of fund manager Asia Frontier Capital, argues that there has never been a better time to reconsider some of Asia's smallest stock markets. He also wishes the MSCI would re-evaulate its methodologies for upgrading or downgrading countries between its emerging markets and frontier markets index. Hugger's Hong Kong-based group currently operates four funds with $45 million under management: its benchmark AFC Asia Frontier Fund, AFC Iraq Fund, AFC Uzbekistan Fund and AFC Fund. Q. What impact is the coronavirus having on frontier markets? A number of stock exchanges like Sri Lanka and Jordan closed completely. A. There’s a major difference between the stock exchange closures in the two countries.
    [Show full text]
  • Article Title
    International In-house Counsel Journal Vol. 5, No. 19, Spring 2012, 1 Legal Considerations for Investment in Cambodia JOSEPH M. LOVELL Group General Counsel and COO, Leopard Capital Ltd, Cambodia The Kingdom of Cambodia has come onto the radar of international investors as economic development has continued in the Kingdom providing opportunities for investment across a wide range of sectors. While numerous factors support the continuing expansion of international investment in Cambodia, the trend for international investment in Cambodia has been supported by the growth and maturation of the local legal system. However, while it continues to improve, the Cambodian legal system remains opaque and not fully formed and, therefore, reliable legal outcomes are not always guaranteed in local forums. It is, therefore, important for international investors in Cambodia to take note of a number of legal issues when planning a deployment of capital to the Kingdom. Over the last decade, Cambodia has posted strong economic growth rates. Based on a range of public sources, from 2004 to 2007, the economy grew about 10% on an annual basis, driven largely by growth in the garment sector, construction, agriculture, and tourism. GDP contracted slightly in 2009 under the impact of the global economic downturn, but bounced back to over 4% in 2010 despite continuing international economic uncertainties. 2011 GDP growth was approximately 6.5%. The government is forecasting 2012 GDP to be 7-8% year over year. In addition to the attraction of the expanding economy, investment in Cambodia is driven by its advantageous geographical positioning, stable government, trade integration, improving transport and communications infrastructure, and wealth of natural resources, including arable land and mineral deposits.
    [Show full text]
  • 20-21 NOVEMBER 2017 Projects Radisson Blu Plaza, Bangkok, Thailand
    FEATURING: Government and utility updates Country roundtables Storage market potential Business models for successful micro grid 20-21 NOVEMBER 2017 projects Radisson Blu Plaza, Bangkok, Thailand 65+ EXPERT SPEAKERS ACTIVE IN SOUTHEAST ASIA INCLUDING: Department of Ministry for Energy Renewable Tenaga Nasional Sustainable Energy Alternative Management, Natural Energy Centre Berhad Development Energy Development and Resources, and Environment at Institute of Project director, Project Authority (SEDA) Efficiency (DEDE) Ministry Coordinating Ministry for Energy MOIT Execution (Renewable Malaysia, Ir. Akmal of Energy Economic Affairs Vietnam Dr. Tuan Energy) Rahimi Abu Samah, Thailand, Patthamaporn Indonesia Budi Utomo, Nguyen Anh, Energy Ventures Division COO Poonkasem, Director of Non-Conventional Energy Director Innovation Group Division Head Companies attending in 2017 include: Cambodia | Indonesia | Laos | Malaysia | Myanmar | Philippines | Singapore | Thailand | Vietnam seasia.solarenergyevents.comMEET THE TEAM GOLD SILVER SPONSORS VIETNAM LEGAL PARTNER ASSOCIATE SPONSOR SUPPORTING SPONSORS SPONSORS BOOK NOW 20-21 NOVEMBER 2017 BANGKOK, THAILAND Government Utilities NEW FOR NEW FOR NEW FOR 2017! 2017! 2017! Department of Alternative Department of Alternative ENGIE EVN Energy Development and Energy Development and Csilla Kohalmi- Vietnam, Tran Thi Hao Efficiency (DEDE) Ministry of Efficiency (DEDE) Ministry of Monfils, Energy Energy EVP Strategy & New Thailand, Suree Jaroonsak, Thailand, Patthamaporn Business for Asia Director of Solar
    [Show full text]
  • Upping the Dosage Cathay Launches Third Sino-French Vehicle Are PE Investors Getting What They Expected in Chinese Healthcare? Page 7 Page 13
    Asia’s Private Equity News Source avcj.com April 08 2014 Volume 27 Number 13 EDITOR’S VIEWPOINT Trial and error in private equity co-investment Page 3 NEWS Baring Asia, Blackstone, BVCF, Everstone, Hopu, IFC, MSPEA, SAIF, Tata Capital, Temasek Page 4 DEAL OF THE WEEK India’s Rabo Equity seeks nourishing returns Page 12 Wolsely draws up consolidation blueprint Page 12 FUNDS Siguler Guff cements BRIC fund close Page 13 Upping the dosage Cathay launches third Sino-French vehicle Are PE investors getting what they expected in Chinese healthcare? Page 7 Page 13 FOCUS PORTFOLIO Consumer complex Improved reception GPs on the implications of Japan’s tax hike Page 11 CDH, Mekong and Vietnam’s Mobile World Page 14 15th Annual Private Equity & Venture Forum Japan 2014 26-27 June, Conrad Tokyo GLOBAL PERSPECTIVE, LOCAL OPPORTUNITY avcjjapan.com Prospering in the New Japan Early confirmed LP speakers include: Juan Delgado-Moreira Hidekazu Ishida Managing Director, Investment Investment Officer Committee, Asia OSAKA GAS PENSION FUND HAMILTON LANE Takeshi Ito Yoshisuke Kiguchi Senior Portfolio Manager Chief Investment Officer AISIN EMPLOYEES’ PENSION FUND OKAYAMA METAL AND MACHINERY PENSION FUND Kazushige Kobayashi Tatsuya Kubo Managing Director Managing Director CAPITAL DYNAMICS HARBOURVEST PARTNERS (JAPAN) LIMITED Soichi Sam Takata Zhan Yang Head of Private Equity Director TOKIO MARINE ASSET MANGEMENT BLACKROCK PRIVATE EQUITY CO. LTD PARTNERS, ASIA For the latest programme and speaker line-up, please visit avcjjapan.com Secure your seat now, SAVE US$400
    [Show full text]
  • Understanding the Role of Venture Capital and Private Equity on Iran's
    Understanding the role of venture capital and private equity on Iran’s future economic development Workshop at IRAMOT 2016 Teheran, December 8, 2016 © Reddal Inc. This material is Reddal proprietary. Abstract Understanding the role of venture capital and private equity on Iran’s future economic development In this workshop we will review in detail how the venture capital and private equity markets have evolved in Finland, South Korea, Taiwan, Malaysia and Vietnam, and what learnings we can draw from the history of these markets to how Iran can develop in the future. These markets represent today different stages of maturity and sophistication when it comes to how technology companies are able to grow into globally competitive major players in their industry. We will discuss the decisions made by the governments in these countries, and what implications they have had for the development of the business ecosystem and growth. We will also take a concurrent view on the issues each of these countries are facing, and how that reflects to the stage Iran is now, and the decisions that are needed in Iran. The end goal of the workshop is to develop an outline of policy for future Iranian growth, especially in the technology startup and mid-cap sectors, with the aim to create internationally leading Iranian companies. Participants are requested to actively participate in the discussion. No prior knowledge of the venture capital and private equity sector is needed, although familiarity with basic terms and concepts, and current day issues in Iranian economy and government policy will be beneficial. © Reddal Inc.
    [Show full text]