Carlyle Group names Sunil Kaul as head of SE Asia buyout advisory team

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Global alternative asset manager company Carlyle Group has named Sunil Kaul as its new managing director to head Southeast Asia region of the Carlyle Asia buyout advisory team. Kaul’s appointment is with immediate effect. The appointment comes after Carlyle fired its top dealmaker in Indonesia after the banker was fined by… Read more »

E-commerce giant Alibaba offers $3.5b to buy all of ‘China’s YouTube’

Alibaba Group Holding Ltd offered to pay $3.5 billion to become the sole owner of Youku Tudou Inc, known as China’s YouTube, in a move that would give the e-commerce giant access to more than half a billion online video users. The offer, a vote of confidence in China’s economy from… Read more »


China’s CCB in talks to buy London Metal Exchange broker Metdist

China Construction Bank (CCB) is in talks to buy UK firm Metdist Trading Limited, which would give the country’s second-largest lender by assets access to top-tier trading on the London Metal Exchange, two metal industry sources said. If the deal is successful, CCB will join a growing list of Chinese… Read more »


Australia regulator throws Brookfield’s $6.5b Asciano buyout into doubt

An Australian regulator raised antitrust concerns over a planned $6.5 billion takeover by Canada’s Brookfield Asset Management of freight firm Asciano Ltd, potentially jeopardizing the country’s biggest inbound deal in four years. The proposed deal, which would be the largest-ever purchase of an Australian firm by a Canadian company, would… Read more »


After apparel, accessories PepsiCo to market smartphones in China

PepsiCo Inc said on Monday it is working with a licensing partner to market a line of mobile phones and accessories in China in the next few months. The food and beverage company, however, has no plans to get into the mobile phone manufacturing business, a PepsiCo spokeswoman said by email. “Available… Read more »


Yahoo aims to phase out passwords with new service

Yahoo’s next step in password security is to eliminate them altogether. Starting on Thursday, the company announced, users of the Yahoo Mail app on both iOS and Android will have access to a new service called Yahoo Account Key, which uses smartphones to verify identities in lieu of traditional passwords…. Read more »


Regulators must “wake up” to fintech challenge – IOSCO chief

The explosion in new technology-driven start-ups offering a range of alternative financial services is fast-becoming one of the biggest challenges for traditional regulators, the head of an international securities watchdog said on Thursday. These so-called “fintech” firms offer services ranging from peer-to-peer lending to crypto-currency exchanges, typically operate outside the… Read more »


China, Japan & India are among top 10 buyers of US companies: Baker & McKenzie

Inbound deal activity by foreign buyers seeking US assets is rising quickly, said Baker & McKenzie in the inaugural edition of its quarterly Cross-Border M&A Index report In 2015, up to Q3, deal value has hit at $344.5 billion, nearing 2014’s full-year post-crisis record of $380 billion. “If the upward trend… Read more »


Asia Pac firms emerge active buyers in $1.05t global cross-border M&A dealscape: Baker & McKenzie

Asia Pacific (APAC) businesses emerged as active acquirers with deals worth  $31.1 billion in the financial services sector alone. Nearly half of all outbound APAC deal volume targeted EU-based firms, with a total value of $26.7 billion. Meanwhile, cross-border M&A in the global healthcare sector achieved a capitalisation of $159.7 billion in… Read more »


Twitter poaches Google executive Kordestani for chairman post

Twitter Inc lured Google Inc executive Omid Kordestani to become the social media company’s executive chairman, the latest step in the company’s turnaround efforts under Jack Dorsey, who last week was named permanent CEO. Kordestani‘s extensive sales experience could prove a good counterpoint to Twitter co-founder Dorsey’s product knowledge and… Read more »