Tougher times ahead for PE in Asia Pacific, warns Bain & Co report


An uncertain macro-economic environment, rising interest rates, and growing chasm between large and smaller funds pose significant hurdles to dealmaking.

Macquarie to sell Brussels Airport stake to APG, QIC and Swiss Life

MIRA acquired its initial stake in Brussels Airport as part of the airport’s privatisation in 2004.

Ride-hailing platform Lyft to launch road show for up to $2b IPO

Lyft’s IPO will mark the first time a ride-hailing company has debuted on the US public markets.

Blackstone to buy drug maker Ayumi in maiden Japan PE deal

The PE firm will reportedly pay around $1 billion for Ayumi, including debt.

Dubai’s IMG explores options for largest indoor theme park

IMG Worlds of Adventure, which cost about $1 billion to build, opened in 2016 and stretches across 1.5 million square feet.

Uber is raising another $1b and it may have little to do with self-driving

If SoftBank fronts three-quarters of the planned $1 billion, it’ll be paying $750 million but helping more than double the value of its total Uber investment.

Uber said to be preparing for IPO kick-off in April

The timing for Uber’s IPO means it will most likely hit public markets soon after Lyft completes its own public offering, which is expected to happen by the end of March.

TPG fires McGlashan, allows investors to pull money from Rise fund

TPG is allowing investors in its second social impact fund to withdraw their commitments. The vehicle is still aiming to close this year with $3 billion.

Tiger Global’s PE chief Lee Fixel to leave firm after 13 years

Fixel led the $13 billion PE unit through deals that made billions of dollars in profit for the New York-based firm. He may start his own investment firm.

Taiwan’s China Life Insurance commits $20m to Blackstone’s secondary vehicle

China Life is an existing LP in the fund’s predecssor, Strategic Partners Fund VII, to which it had committed $10 million.