DOCSLIB.ORG

Metal Intelligence Guy Hands Explains Terra Firma’S Revised PE Model Tech Advances Send China’S Robotics Start-Ups Into Uncharted Territory Page 6 Page 15

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Metal Intelligence Guy Hands Explains Terra Firma’S Revised PE Model Tech Advances Send China’S Robotics Start-Ups Into Uncharted Territory Page 6 Page 15 Asia’s Private Equity News Source avcj.com August 04 2015 Volume 28 Number 29 EDITOR’S VIEWPOINT Can India deliver on exits? Page 3 NEWS All-Stars, Carlyle, Cathay, Goldman Sachs, KKR, Navis, Riverside, SAIF India, SCPE, Sequoia Page 4 DEAL OF THE WEEK Cloud Farm targets China agribusiness supply chain Page 12 FUNDS IVFA wastes little time in raising $700m for India Page 13 LPs back CDIB’s China risk mitigation approach Page 13 INDUSTRY Q&A Metal intelligence Guy Hands explains Terra Firma’s revised PE model Tech advances send China’s robotics start-ups into uncharted territory Page 6 Page 15 FOCUS DEAL OF THE WEEK Inside SoftBank 2.0 Third time’s a charm Tech giant is not abandoning early-stage Page 8 MBK agrees to sell cable TV provider CNS Page 12 AVCJ WILL SKIP AN ISSUE NEXT WEEK FOR THE SUMMER HOLIDAYS. WE RETURN ON AUGUST 18 Private Equity & Venture Forum Philippines 2015 2 September, Fairmont Makati Hotel, Manila REGISTER NOW! GLOBAL PERSPECTIVE, LOCAL OPPORTUNITY avcjphilippines.com Private Equity & Venture Forum Philippines 2015 KEYNOTE SPEAKER 2 September, Fairmont Makati Hotel, Manila BROCHURE NOW GLOBAL PERSPECTIVE, LOCAL OPPORTUNITY avcjphilippines.com Unlocking the potential The inaugural AVCJ Philippines Forum will offer in-depth analysis of the risks and rewards presented to private market investors looking to commit capital to the growing economy of the Philippines. The Forum will also provide an educational platform to showcase private equity and venture capital and the potential investment opportunities that will be of interest to investors in the future. Leading GPs and LPs speakers confirmed are: AVAILABLE, Cesar V. Purisima Hans-Martin Aerts Secretary of Finance Head of Infrastructure Investments REPUBLIC OF THE PHILIPPINES Asia Pacific KEYNOTE SPEAKER APG ASSET MANAGEMENT Brian Hong Hans B. Sicat Partner President & CEO Cesar V. Purisima CVC CAPITAL PARTNERS THE PHILIPPINE STOCK EXCHANGE For the latest programme and speaker line-up, see page 3-4 REGISTER ONLINE: avcjphilippines.com download at NOW! EMAIL: [email protected] PHONE: +852 3411 4836 Lead Sponsor Asia Series Sponsor Secretary of Finance Co-Sponsor Legal Sponsor Join your peers avcjphilippines.com #avcjphilippines avcjphilippines.com REPUBLIC OF THE PHILIPPINES Leading GPs and LPs speakers confirmed are: Hans-Martin Aerts Cosette V. Canilao Head of Infrastructure Executive Director Investments Asia Pacific PUBLIC-PRIVATE PARTNERSHIP APG ASSET MANAGEMENT CENTER Todd Freeland Hans B. Sicat Director General, Private Sector President & CEO Operations Department THE PHILIPPINE STOCK EXCHANGE ASIAN DEVELOPMENT BANK View the full list of speakers at avcjphilippines.com GROUP RATES are available for three or more bookings, contact us now! ONLINE: avcjphilippines.com EMAIL: [email protected] PHONE: +852 3411 4836 Lead Sponsor Asia Series Sponsor Co-Sponsor Legal Sponsor Join your peers avcjphilippines.com #avcjphilippines Private Equity & Venture Forum EDITOR’S VIEWPOINT Philippines 2015 [email protected] 2 September, Fairmont Makati Hotel, Manila Managing Editor Tim Burroughs (852) 3411 4909 Staff Writers Andrew Woodman (852) 3411 4852 Winnie Liu (852) 3411 4907 Where’s the cash? Holden Mann (852) 3411 4964 Creative Director Dicky Tang Designers REGISTER INDIA VALUE FUND ADVISORS (IVFA) HAS momentum, but the revival in investor sentiment Catherine Chau, Edith Leung, Mansfield Hor, Tony Chow now raised five funds. The first is fully liquidated towards India following last year’s general NOW! and the second is close to that mark. The third election – and the expectation that the new Senior Research Manager will deliver the bulk of the $600-700 million the government can deliver consistent growth – has Helen Lee GP expects to return to LPs this year, and the helped GPs. Where the country was once the Research Associates GLOBAL PERSPECTIVE, LOCAL OPPORTUNITY avcjphilippines.com Herbert Yum, Jason Chong, fourth – a 2009 vintage fund, but a slow starter – pariah of Asian PE, now it is the market that Kaho Mak is still too young for exit mode. might deliver a strong vintage of funds. Senior Marketing Manager Private Equity & Venture Forum Speaking to AVCJ last week, Vishal Nevatia, However, for LPs to be fully convinced, Philippines 2015 2 September, Fairmont Makati Hotel, Manila Sally Yip KEYNOTE SPEAKER BROCHURE NOW IVFA’s managing partner, stressed not just the managers have to return more capital, as the Circulation Administrator GLOBAL PERSPECTIVE, LOCAL OPPORTUNITY avcjphilippines.com Unlocking the potential The inaugural AVCJ Philippines Forum will offer in-depth analysis of the risks and rewards presented to private market investors looking to commit capital to the growing economy of the Philippines. The Forum will also provide an educational platform to showcase private equity and venture number of exits but also the consistency in IVFA experience suggests. As it happens, 2015 Prudence Lau capital and the potential investment opportunities that will be of interest to investors in the future. Leading GPs and LPs speakers confirmed are: AVAILABLE, Cesar V. Purisima Hans-Martin Aerts Secretary of Finance Head of Infrastructure Investments REPUBLIC OF THE PHILIPPINES Asia Pacific APG ASSET MANAGEMENT Subscription Sales Executive KEYNOTE SPEAKER returning capital. The firm claims to have lost is already a record year for PE exits in India, Brian Hong Hans B. Sicat Partner President & CEO Cesar V. Purisima CVC CAPITAL PARTNERS THE PHILIPPINE STOCK EXCHANGE For the latest programme and speaker line-up, see page 3-4 REGISTER ONLINE: avcjphilippines.com download at Jade Chan NOW! EMAIL: [email protected] PHONE: +852 3411 4836 Lead Sponsor Asia Series Sponsor money on one deal in its 15-year history, and that according to AVCJ Research. GPs generated $5.37 Secretary of Finance Co-Sponsor Legal Sponsor Join your peers avcjphilippines.com #avcjphilippines avcjphilippines.com was a relatively small transaction in Fund I. billion in the first eight months, edging ahead of Manager, Delegate Sales REPUBLIC OF THE PHILIPPINES On the back of this track record, IVFA closed the $5.23 billion seen in each of 2012 and 2013. Pauline Chen its fifth fund within eight months at the hard cap In addition, six PE-backed IPOs have delivered Director, Business Development of $700 million. The GP is the first in the current proceeds of $389.8 million, less than half the Darryl Mag wave of India-focused managers to announce a 2012 figure but still more than twice the total Leading GPs and LPs speakers confirmed are: Manager, Business Development final close, although Everstone Capital is unlikely for 2013 and 2014 combined. A handful of other Anil Nathani, Samuel Lau to be far behind. It remains to be seen what portfolio companies have submitted filings and Sales Coordinator Hans-Martin Aerts Cosette V. Canilao happens to the half dozen or so still in the market. are at varying degrees of readiness to go public. Debbie Koo Head of Infrastructure Executive Director India-focused managers have raised $2.99 Some LPs privately express skepticism as to Conference Managers Investments Asia Pacific PUBLIC-PRIVATE PARTNERSHIP billion so far this year, including incremental and whether certain India-focused private equity Jonathon Cohen, Sarah Doyle, APG ASSET MANAGEMENT CENTER final closes. With several months still to run, the firms looking to raise new funds will deliver. Too Conference Administrator 2015 total is already the highest seen since 2011. many investments remain underwater from the Amelie Poon Over one third of this capital has gone to pre-global financial crisis boom period. But they Conference Coordinator Fiona Keung, Jovial Chung venture capital firms, or to be more specific, three remain hopeful that a leaner, more sophisticated VC firms: Nexus Capital Partners, SAIF Partners industry will emerge from the ashes. Maybe it Publishing Director Todd Freeland Hans B. Sicat and Accel Partners. With a few more closes already is. Allen Lee Director General, Private Sector President & CEO expected before the end of the year, 2015 could Operations Department THE PHILIPPINE STOCK EXCHANGE surpass 2008 as the biggest ever for venture ASIAN DEVELOPMENT BANK fundraising. This is perhaps unsurprising, given Incisive Media the amounts of capital being deployed in the Tim Burroughs Unit 1401 Devon House, Taikoo Place country’s e-commerce market. Managing Editor 979 King’s Road, Quarry Bay, Hong Kong PE cannot claim to have the same kind of Asian Venture Capital Journal T. (852) 3411-4900 View the full list of speakers at avcjphilippines.com F. (852) 3411-4999 E. [email protected] India private equity exits by type URL. avcj.com GROUP RATES are available for three or more bookings, contact us now! Beijing Representative Office 6,000 150 No.1-2-(2)-B-A554, 1st Building, ONLINE: avcjphilippines.com EMAIL: [email protected] PHONE: +852 3411 4836 No.66 Nanshatan, 5,000 Chaoyang District, Beijing, People’s Republic of China 120 T. (86) 10 5869 6203 4,000 F. (86) 10 5869 6205 Lead Sponsor Asia Series Sponsor E. [email protected] 3,000 90 Exits US$ million 2,000 The Publisher reserves all rights herein. Reproduction in whole or 60 in part is permitted only with the written consent of 1,000 AVCJ Group Limited. ISSN 1817-1648 Copyright © 2015 0 30 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Co-Sponsor Legal Sponsor YTD IPO Open market Share buyback Trade sale No. of exits Source: AVCJ Research Join your peers avcjphilippines.com #avcjphilippines Number 29 | Volume 28 | August 04 2015 | avcj.com 3 NEWS All-Stars leads $300m billion ($2.8 billion). The company is responsible AUSTRALASIA for ground services for around 229 million round for Tujia passengers and 4.1 million metric tons of cargo Riverside invests in IPAR All-Stars Investment has led a $300 million new each year. PAI bought a 98% stake in Swissport funding round for Tujia.com, valuing the Chinese for CHF1.2 billion in 2011.
Load more

Recommended publications
  • Annual Report 2016
    SoftBank Group Corp. ANNUAL REPORT 2016 Corporate Philosophy Information Revolution – Happiness for everyone Vision The corporate group needed most by people around the world SoftBank Group Corp. ANNUAL REPORT 2016 001 A History of Challenges A History of Challenges The view is different when you challenge yourself Continuing to take on new challenges and embrace change without fear. Driving business forward through exhaustive debate. This is the SoftBank Group’s DNA. SoftBank Group Corp. ANNUAL REPORT 2016 002 A History of Challenges Established SoftBank Japan. 1981 Commenced operations as a distributor of packaged software. 1982 Entered the publishing business. Launched Oh! PC and Oh! MZ, monthly magazines introducing PCs and software by manufacturer. 1994 Acquired events division from Ziff Communications Company of the U.S. through SoftBank Holdings Inc. 1996 Acquired Ziff-Davis Publishing Company, U.S. publisher of PC WEEK magazine and provider of leading-edge information on the PC industry. SoftBank Group Corp. ANNUAL REPORT 2016 003 A History of Challenges Established Yahoo Japan through joint investment with Yahoo! Inc. in the U.S. 1996 Began to develop into an Internet company at full scale. Yahoo Japan Net income* 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 FY (Note) Accounting standard: JGAAP up to fiscal 2012; IFRSs from fiscal 2013 onward. * Net income attributable to owners of the parent. SoftBank Group Corp. ANNUAL REPORT 2016 004 A History of Challenges Made full-scale entry into the telecommunications business. 2000s Contributed to faster, more affordable telecommunications services in Japan.
    [Show full text]
  • 16 Things That Matter - IT in the Year 2016
    16 Things that matter - IT in the Year 2016 It is often asked “Does IT matter?” Yes, very much for India. A lot has happened in the year 2016 in IT. Here is quick take on what are perhaps the most important sixteen developments in IT, particularly from an India perspective. Happy reading! 1 Shift to digital: The year started with major initiatives under “Digital India” in the country. It culminated in the November 8 announcement by none other than the Prime Minister Modi about the “demonetization” program. Suddenly banks started promoting USSD for feature phones, Apps for smartphones, credit & debit cards, ATM usage, POS usage etc. A whole new players in the form of e-wallets and Payment Banks started operation. UPI (Unified Payment Interface) from NPCI (National Payment Corporation of India) launched in April 2016 that makes wallets redundant and permits payment from the users’ bank account to another user’s’ bank account - that too without knowing all account details, but just with the “virtual address” of the receiver - is perhaps the defining moment for the country. It will unfold fully in the year 2017. The entrepreneurial energy of PayTM that caught the attention of Indians in every nook & corner of the country is yet another defining moment; PayTM is just not an App, not even a noun, but truly a verb brilliantly articulated by “PayTM karo!” 2 AADHAR enrolments crossing one billion mark in March 2016 is another defining moment. Jio (Reliance telecom service) started service in October 2016 enrolling millions of new subscribers would not have been possible without eKYC enabled by AADHAR linking; a potential customer walks into any Jio counter, keys in his/her AADHAR number on Jio low- cost terminal, authenticates thru biometric (finger print) and walks away with a SIM card - practically in less than 30 seconds! No paper work at all! AADHAR will create many more such “magic” opportunities in the upcoming years.
    [Show full text]
  • Logistics Perspectives
    CONFIDENTIAL 2019 2H Update Logistics Review The Unbundling and Innovation of Logistics DISCLAIMER: ComCap LLC make no representation or warranty, express or implied, in relation to the fairness, accuracy, correctness, completeness, or reliability of the information, opinions, or conclusions contained herein. ComCap LLC accepts no liability for any use of these materials. The materials are not intended to be relied upon as advice outside of a paid, approved use and they should not be considered a guarantee of any specific result. Each recipient should consult his or her own accounting, tax, financial, and other professional advisors when considering the scenarios and information provided. CONFIDENTIAL An introduction to ComCap ▪ ComCap is a premier boutique investment bank focused on the intersection of commerce and capital, with key focus on B2B SaaS, B2C ecommerce, payments, mobile commerce, marketplaces and B2B services for retail technologies (IT and marketing services, in-store, fulfillment, logistics, call center, analytics, personalization, location intelligence) ▪ Headquartered in San Francisco with European coverage from London & Moscow, and LATAM coverage from Sao Paulo. Our firm works with mid-cap public companies on buyside initiatives and public and private growth companies on financing and strategic M&A ▪ In addition to being the only boutique focused on disruptive commerce models, we differentiate by: ‒ Bringing bulge bracket techniques to emerging models; ‒ A strong and uncommon buyside/strategy practice; ‒ Deep understanding
    [Show full text]
  • HIGHLIGHTS and SUMMARY the Startup World Gathered in Jerusalem During the First Week of March for 600 the 2019 Ourcrowd Global Investor Summit
    18,000+ Registered to attend from 189 countries 1,200 Entrepreneurs HIGHLIGHTS AND SUMMARY The startup world gathered in Jerusalem during the first week of March for 600 the 2019 OurCrowd Global Investor Summit. Over 18,000 people registered to attend from 189 countries. Entrepreneurs, venture capitalists, corporate Multinational corporate representatives, investors, government officials, and press engaged in a packed representatives week of activities, including tech and press tours, corporate meetups, VC forums, insider access to accelerators, labs, and startups – and of course, some great partying. 470 Venture capitalists The Summit has become one of the largest and most important tech events in the world and the biggest business event in Israel’s history, taking over the iconic International Convention Center in Jerusalem, as well as other venues in both Jerusalem and Tel Aviv. 210 The programming was incredibly diverse, with some 80 different sessions and over 200 Speakers speakers, providing unprecedented insight into the world of startup venture capital. On Summit Day, March 7, almost every hall was at or over capacity. 215 The 103 exhibitors and 65 sponsors broke records, as did the number of accredited Delegations investors, VCs, and multinational corporations represented. Attendees were plunged from 140 countries into a sensory experience of hands-on interaction with breakthrough technologies, insights from industry leaders, doers, and thinkers, and the shoulder-to-shoulder all-day networking that is unique to the Summit. 1,000+ Summit Week, with a record 24 events, has now become an institution in Israel. Scheduled Highlights were the new OurCrowd Advisory Forums, which harness the extensive networking knowledge and experience held by OurCrowd’s top-tier investors and corporate meetings partners, as well as the OurCrowd Pre-Summit Leaders Forum, an all-business event for the elite of the ecosystem, oversubscribed with 800 attendees.
    [Show full text]
  • Longleaf Partners International Fund Commentary 2Q21
    July 2021 Longleaf Partners International Fund Commentary 2Q21 Longleaf Partners International Fund added 1.19% in the quarter and 8.00% year-to- date, trailing the MSCI EAFE Index’s 5.17% and 8.83% for the same periods. US markets continued the monetary liquidity fueled run to ever sillier valuation levels, while non-US lagged relatively. The majority of our holdings were positive in the quarter. The Fund’s exposure to China and Hong Kong (including Netherlands-listed Prosus, whose business is driven by the Chinese consumer) was the biggest geographic headwind. FX was a moderate contributor to the Fund, as well as the MSCI EAFE index. Despite relative underperformance, it was a solid period for value per share growth at our holdings. “Value” had a (we believe temporary) pullback vs. “growth” in the second quarter on the back of lower interest rates and various other factors. Over the last year, we have seen interest rate consensus go from “low rates forever” for most of 2020 to “rates are definitely going up” in February/March of 2021 to what now feels like magical goldilocks thinking for growth stocks in the 1-2% US 10-year range. While we cannot predict precisely what rates will do in the near term, we welcome increased volatility on this all- Average Annual Total Returns for the Longleaf Partners International Fund (6/30/21): Since Inception (10/26/98): 7.45%, Ten Year: 4.50%, Five Year: 10.64%, One Year: 34.82%. Average Annual Total Returns for the MSCI EAFE (6/30/21): Since Inception (10/26/98): 5.62%, Ten Year: 5.89%, Five Year: 10.28%, One Year: 32.35%.
    [Show full text]
  • Corporate Venturing Report 2019
    Corporate Venturing 2019 Report SUMMIT@RSM All Rights Reserved. Copyright © 2019. Created by Joshua Eckblad, Academic Researcher at TiSEM in The Netherlands. 2 TABLE OF CONTENTS LEAD AUTHORS 03 Forewords Joshua G. Eckblad 06 All Investors In External Startups [email protected] 21 Corporate VC Investors https://www.corporateventuringresearch.org/ 38 Accelerator Investors CentER PhD Candidate, Department of Management 43 2018 Global Startup Fundraising Survey (Our Results) Tilburg School of Economics and Management (TiSEM) Tilburg University, The Netherlands 56 2019 Global Startup Fundraising Survey (Please Distribute) Dr. Tobias Gutmann [email protected] https://www.corporateventuringresearch.org/ LEGAL DISCLAIMER Post-Doctoral Researcher Dr. Ing. h.c. F. Porsche AG Chair of Strategic Management and Digital Entrepreneurship The information contained herein is for the prospects of specific companies. While HHL Leipzig Graduate School of Management, Germany general guidance on matters of interest, and every attempt has been made to ensure that intended for the personal use of the reader the information contained in this report has only. The analyses and conclusions are been obtained and arranged with due care, Christian Lindener based on publicly available information, Wayra is not responsible for any Pitchbook, CBInsights and information inaccuracies, errors or omissions contained [email protected] provided in the course of recent surveys in or relating to, this information. No Managing Director with a sample of startups and corporate information herein may be replicated Wayra Germany firms. without prior consent by Wayra. Wayra Germany GmbH (“Wayra”) accepts no Wayra Germany GmbH liability for any actions taken as response Kaufingerstraße 15 hereto.
    [Show full text]
  • Range Fuels at 'End of Road'
    1A 1A HEALTH CARE BOULDER COUNTY & WELLNESS New techniques reduce pain of back problems BUSINESS 11A Serving Boulder and Broomfield Counties REPORT$1 Volume 31 Issue 3 | Feb. 3-9, 2012 Range Fuels at ‘end of road’ BY PAULA MOORE York-based Bloomberg New Energy [email protected] Failed biofuel production plant Finance. “The problem with them was absolutely technological. Their BROOMFIELD — Range Fuels situation tells you that money doesn’t Inc., a Broomfield-based biofuels takes toll on firm in Broomfield guarantee something’s going to work.” company, appears to be out of busi- by an automated system. Its website, “Range Fuels has met the end of But Christine Shapard, executive ness with the recent foreclosure sale www.rangefuels.com, is inactive. the road,” said Kalib Kersh, an analyst director of the Colorado Cleantech of its troubled cellulosic ethanol plant Recent messages left for Range Fuels at Lux Research Inc. in Boston who Industry Association, believes the near Soperton, Georgia. CEO David Aldous in Colorado and followed the Colorado company. state’s biofuels industry overall still The company’s headquarters office company founder/investor Vinod Kho- “With Range Fuels, the issue wasn’t has plenty of potential. She singled near the Interlocken business park is sla of Khosla Ventures LLC in Menlo funding,” said Alejandro Zamorano out companies such as ZeaChem Inc. vacant, and its phone number is answered Park, California, were not returned. Cadavid, a biofuels analyst at New ➤ See End, 15A FDIC has BOULDER AND BEYOND Mile High Boulder Economic Council’s 2012 forecast event paints brighter picture Banks on short leash Bank’s capital condition ‘continues to deteriorate’ BY BETH POTTER [email protected] LONGMONT — Mile High Banks is “significantly undercapitalized,” according to a document released Jan.
    [Show full text]
  • Printmgr File
    IMPORTANT NOTICE NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OR TO U.S. PERSONS OR OTHERWISE THAN TO PERSONS TO WHOM IT CAN LAWFULLY BE DISTRIBUTED IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the attached offering memorandum. You are advised to read this disclaimer carefully before accessing, reading or making any other use of the attached offering memorandum. In accessing the attached offering memorandum, you agree to be bound by the following terms and conditions, including any modifications to them from time to time, each time you receive any information from us as a result of such access. CONFIRMATION OF YOUR REPRESENTATION: You have accessed the attached document on the basis that you have confirmed your representation to the issuer and to Deutsche Bank AG, London Branch, Citigroup Global Markets Limited, Goldman Sachs International, Morgan Stanley & Co. International plc, Mizuho International plc, Mizuho Securities Asia Limited, Crédit Agricole Corporate and Investment Bank, Merrill Lynch International, J.P. Morgan Securities plc, UBS AG Hong Kong Branch, Barclays Bank PLC, BNP Paribas, Credit Suisse (Hong Kong) Limited, Daiwa Capital Markets Europe Limited, ING Bank N.V., Singapore Branch, Nomura International plc and SMBC Nikko Capital Markets Limited (together, the “Initial Purchasers”) that (1) you are not a U.S. Person, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or a dealer or professional fiduciary acting
    [Show full text]
  • Energy Efficiency, but at What Cost?
    HIGH-TECH PRINTING MARKETPLACE AND GRAPHICS App makes connecting Cool new developments to conference calls easy in large-format printing $1 6A 10A Volume 31 Issue 13 | Date June 8-21, 2012 Energy efficiency, but at what cost? BY MICHAEL DAVIDSON place to start as the city moves toward [email protected] Proposed changes to Boulder’s achieving its climate goals, said Eliza- beth Vasatka, the city’s business sus- BOULDER — As the city of Boul- tainability coordinator. der considers changes to its climate climate action plan spark concern Prior studies have shown energy action plan, businesses and commer- properties. Passing laws that would require use accounts for up to 76 percent of cial property owners are concerned Boulder is reviewing its climate buildings to be more efficient is one of Boulder’s greenhouse gas emissions, about the possibility the city will pass plan and energy strategy, and in May the options the council is considering. and nearly 83 percent of those emis- ordinances requiring them to make the Boulder City Council had a study Making commercial buildings sions come from the industrial and energy-efficiency upgrades to their session on the topic. more energy efficient is an obvious ➤ See Efficiency, 23A ORBITAL TECHNOLOGY Drug race Business is cooking at Custom Microwave Inc. in Longmont lures local companies to fast lane Pharma firms quietly studying biosimilars BY BETH POTTER [email protected] BOULDER — Merck & Co. Inc. and Amgen Inc. — two global phar- maceutical companies with opera- tions in the Boulder Valley – appear to be on the front lines of the new and often-stealthy world of researching biosimilar drugs.
    [Show full text]
  • Printmgr File
    OFFERING MEMORANDUM STRICTLY CONFIDENTIAL NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA OR TO U.S. PERSONS SoftBank Group Corp. $2,750,000,000 6.000% Undated Subordinated NC6 Resettable Notes $1,750,000,000 6.875% Undated Subordinated NC10 Resettable Notes Issue Price: 100.00% The $2,750,000,000 6.000% Undated Subordinated NC6 Resettable Notes (the “NC6 Notes”) and the $1,750,000,000 6.875% Undated Subordinated NC10 Resettable Notes (the “NC10 Notes” and, together with the NC6 Notes, the “Notes” and each, a “Tranche,” the terms and conditions of both Tranches being together, the “Conditions”)) will be issued by SoftBank Group Corp. (the “Company”) on or about July 19, 2017 (the “Issue Date”). The Notes will bear interest on their principal amount from (and including) the Issue Date to (but excluding) July 19, 2023 (in the case of the NC6 Notes) and July 19, 2027 (in the case of the NC10 Notes) at a rate of 6.000 percent and 6.875 percent per annum respectively. Thereafter, the prevailing interest rate on the NC6 Notes and the NC10 Notes shall be 4.226 percent and 4.854 percent per annum, respectively, above the 5 Year Swap Rate for the relevant Reset Period (as defined in the relevant Conditions) and from (and including) July 19, 2038 (in the case of the NC6 Notes) and July 19, 2042 (in the case of the NC10 Notes) (each, a “Second Step-up Date”) the applicable interest rate on the NC6 Notes and the NC10 Notes shall be 4.976 percent and 5.604 percent per annum, respectively, above the 5 Year Swap Rate for the relevant Reset Period.
    [Show full text]
  • The 58 Most Active Venture Capital Firms for Startups in India
    The 58 Most Active Venture Capital Firms For Startups In India (and their investing patterns) ©2018 Inc42 All Rights Reserved Feel free to share this ebook without modification. 1 Introduction Once a startup has reached the growth stage, its most important requirement is undoubtedly the backing by reliable investors and an ample amount of funding to scale up. Though the concept of starting up has gained momentum recently, the small number of investors willing to show their trust and invest in new ventures has been a problem for startups. Many startups find it difficult to approach venture capitalists and quite a few times the investment structure of the investor is inadequate for the startup. So in this document, we bring to you the much needed list of the most active institutional investors and capital funds in India along with their investment capacity, investment structure, investment industries and some of their most notable portfolio startups. 2 Helion Venture Partners Investing in technology-powered and consumer service businesses, Helion Ventures Partners is a $605 Mn Indian- focused, an early to mid-stage venture fund participating in future rounds of financing in syndication with other venture partners. People You Should Know: Sandeep Fakun, Kanwaljit Singh. Investment Structure: Invests between $2 Mn to $10 Mn in each company with less than $10 Mn in revenues. Industries: Outsourcing, Mobile, Internet, Retail Services, Healthcare, Education and Financial Services. Startups Funded: Yepme, MakemyTrip, NetAmbit, Komli, TAXI For Sure, PubMatic. Contact Details: 8040183333, 01244615333, 3 Accel Partners Accel Partners founded in 1983 has global presence in Palo Alto, London , New York, China and India.
    [Show full text]
  • Singapore Expanding Its Stake in Overseas Chinese E-Commerce Temasek and GIC Buying $1 Billion in Alibaba Stock
    Pre-Release Version Case Study Singapore expanding its stake in overseas Chinese E-commerce Temasek and GIC buying $1 billion in Alibaba stock MM/YYYY-xxxx-[the date and reference will be added by Case Publishing] This case study was written by Hye Sun LEE, Shu Yinn LIM, Samuel CHOO, Twan DE JONG, Tze Heng TAN, and Yun Fang LEE. It is intended to be used as a basis for class discussion rather than to illustrate either effective or ineffective handling of an administrative situation. To access INSEAD teaching materials, go to https://publishing.insead.edu/. Copyright © 2020 INSEAD COPIES MAY NOT BE MADE WITHOUT PERMISSION. NO PART OF THIS PUBLICATION MAY BE COPIED, STORED, TRANSMITTED, TRANSLATED, REPRODUCED OR DISTRIBUTED IN ANY FORM OR MEDIUM WHATSOEVER WITHOUT THE PERMISSION OF THE COPYRIGHT OWNER. This pre-release version may be used for teaching purposes but it has not been released externally. Pre-Release Version Summary of the Teaching Objective This case concerns the 2016 purchase of $1 billion in Alibaba shares by Temasek and GIC. Readers will understand the PE landscape better after looking at pre-deal to post-deal aspects of this unique transaction. When considering perspectives of the main stakeholders, various managerial and strategic issues also surface for discussion. Abstract In June 2016, Singapore’s state-owned investment firms GIC and Temasek Holdings purchased a combined US$1B of stock in Alibaba Group Holding from Japan’s Softbank Group, the largest investor in Alibaba at that time. This case examines the context of the sale and the motivations of the investment firms.
    [Show full text]