Skip to main content
Da Vinci Code Meets Mission Impossible 69
Carlyle Group Steps Into Asia

The Carlyle Group announced that it had closed Carlyle Asia Growth Partners III (CAGP). The US$668 million fund will continue to invest in growth capital companies across China, India, Japan and Korea.Carlyle also manages Carlyle Asia Venture Partners I (US$159 million) and II (US$164 million), which were launched in 2000 and 2002, respectively. Together, the two earlier funds have invested in 37 companies and realised 12 investments. Globally Carlyle has US$39 billion under management and a focus on buyouts, venture and growth capital, real estate and leveraged finance. Since 1987 Carlyle has invested in 463 transactions. Carlyle has Asian offices in Beijing, Shanghai, Hong Kong, Mumbai, Seoul and Tokyo.

The new fund, CAGP III has already closed investments in three companies across the target geographies - US$20 million in Claris Lifesciences, an Indian pharmaceutical company, US$25 million in Credit Orienwise, a Chinese private credit guarantee company and US$27.5 million in Anxin Flooring, a manufacturer and distributor of wood flooring in China.

Carlyle has closed a number of deals in Asia since its focus on the continent was defined and cashed in on some of these. Among Carlyle’s high profile exits in Asia was South Korea’s KorAm Bank in 2000 which it subsequently sold to Citigroup for a price that is considered one of the largest private equity exits in Asia. In Japan in early 2005 Carlyle sold majority stake in Asahi Security to Toyota Industries. In China Carlyle announced two investments in quick succession in the last quarter of 2005: first acquiring a 85% stake in Xugong Group Construction machinery and then a 25% stake in China Pacific Life, China’s 3rd largest life insurance provider.

As in anything involving big bucks, there must be hidden gems within. Meet some of the Carlyles:
GEORGE BUSH Senior (the older one), Former US President & Former Director of CIA
Senior Advisor, Carlyle
FRANK CARLUCCI, Former Secretary of Defense & Deputy Director of CIA
Chairman Emeritus, Carlyle
JAMES BAKER, Former Secretary of State & Secretary of the Treasury
Senior Counselor, Carlyle
RICHARD DARMAN, White House Budget Advisor (Bush & Clinton)
Managing Director, Carlyle
JOHN MAJOR, Former British Prime Minister
Chairman, Carlyle Europe

The brilliant thing is, I am not making any of these up, and it looks like one of the installments for Mission Impossible, probably getting Tom Cruise to play the also-shortish George Stephanopolous, the whistle blower - hmm... should get in touch with my agent... There is a reason why we should pay a lot of money to get the ex-presidents and big wigs to be on the speaker circuit and getting big book deals - so that they don't need to have their integrity or motives being questioned for being lured to join Carlyle.

Comments

Popular posts from this blog

My Master, A National Treasure

REPOST:  Its been more than two years since I posted on my sifu. This is probably the most significant posting I had done thus far that does not involve business or politics. My circle of close friends and business colleagues have benefited significantly from his treatment.


My Master, Dr. Law Chin Han (from my iPhone)

Where shall I start? OK, just based on real life experiences of those who are close to me. The entire Tong family (Bukit Kiara Properties) absolutely swear that he is the master of masters when it comes to acupuncture (and dentistry as well). To me, you can probably find many great dentists, but to find a real Master in acupuncture, thats a whole different ballgame.


I am not big aficionado of Chinese medicine or acupuncture initially. I guess you have to go through the whole shebang to appreciate the real life changing effects from a master.


My business partner and very close friend went to him after 15 years of persistent gout problem, he will get his heavy attacks at least…

PUC - An Assessment

PUC has tried to reinvent itself following the untimely passing of its founder last year. His younger brother, who was highly successful in his own right, was running Pictureworks in a number of countries in Asia.

The Shares Price Rise & Possible Catalysts

Share price has broken its all time high comfortably. The rise has been steady and not at all volatile, accompanied by steady volume, which would indicate longer term investors and some funds already accumulating nd not selling back to the market.


Potential Catalyst #1

The just launched Presto app. Tried it and went to the briefing. Its a game changer for PUC for sure. They have already indicated that the e-wallet will be launched only in 1Q2018. Now what is Presto, why Presto. Its very much like Lazada or eBay or Alibaba. Lazada is a platform for retailers to sell, full stop. eBay is more for the personal one man operations. Alibaba is more for wholesalers and distributors.

Presto links retailers/f&b/services originators with en…

How Long Will The Bull Lasts For Malaysia

Are we in a bull run? Of course we are. Not to labour the point but I highlighted the start of the bull run back in January this year... and got a lot of naysayers but never mind:






























p/s: needless to say, this is Jing Tian ... beautiful face and a certain kind of freshness in her looks and acting career thus far



http://malaysiafinance.blogspot.my/2016/12/bank-negara-may-have-switched-on-bull.html


I would like to extend my prediction that the bull run for Bursa stocks should continue to run well till the end of the year. What we are seeing for the past 3 weeks was a general lull where volume suddenly shrunk but the general trend is still intact. My reasons for saying so:

a) the overall equity markets globally will be supported by a benign recovery complemented by a timid approach to raising rates by most central banks

b) thanks to a drastic bear run for most commodities, and to a lesser extent some oil & gas players, the undertone for "cost of materials" have been weak and has pr…