Guido Gamucci is chairman of Permira's operation in Asia. Previously responsible for the firm's Milan office, he relocated to Japan in 2005 and is poised to move to Hong Kong when the UK buyout group opens its second office in the region next year. In October, Permira made headlines for doing not just one, but two large deals in Asia. First came an $838 million investment for a 20 percent stake in Galaxy Entertainment, a Macau-based casino operator; then followed a $2.2 billion secondary deal to acquire Arysta Lifescience, a Japanese agrochemical company, from Olympus Capital. For Permira, it was the first investment in Japan since its arrival two years ago.
Russia's emerging private equity market is growing up. Leverage levels are rising as deals become more mainstream and international interest grows. But investing in Russia is still a challenge for non-locals. Nicholas Lockley reports.
The emerging markets of Asia have become compelling investment destinations on several counts: growing affluence, large populations and double-digit economic growth among them. Sharon Lim reports on their prospects.
Sir David Walker's report on transparency and disclosure has encouraged UK industry body the BVCA to name and shame non-compliers with his proposed code.
Several big buyouts have collapsed as a result of the liquidity crunch. For private equity firms, getting out of a broken deal can be a long and painful process.
Warburg Pincus' new fund enjoys a term concession more common to hedge funds.
Investing through the cycle
No one is in a rush anymore, including LaSalle Investment Management. Having just closed its $3bn Asia fund, the firm is taking its time over deals. PERE Magazine December 2008/January 2009 issue
Ladder Capital will be chaired by WaMu's shortest-tenured CEO. PERE Magazine December 2008/January 2009 issue
Asia Alternatives goes large * China sovereign fund dampens foreign fears * Dubai's HBG nears $200m target * Ex-Temasek executives fundraising for China * First close for Sharia vehicle on $200m * Aureos backed by Kazakhstan FoF