Carmela Mendoza
Carmela Mendoza is a senior reporter for Private Equity International based in London. She first joined PEI in Hong Kong in 2015 and covered Asia. A graduate of Ateneo de Manila University, she previously worked for a digital agency in Singapore focused on government websites and publications covering business, trade and industry, transport, and social development.
The firm acquired HCP Packaging in 2012 through TPG Asia Partners V and has since grown the company to become the second biggest manufacturer of cosmetics packaging worldwide.
The fundraising took six months and closed in early December.
Mergers and acquisitions veteran William Y. Chua joins the firm from Sullivan & Cromwell.
Jayanta Basu, partner at CX Partners, succeeds Ajay Relan as managing partner of the firm.
This is the firm’s third investment in China’s waste management sector.
The fund of funds manager expects global growth across all markets in the coming months to be lower and the pressure is on LPs to make sound fund selections, says Hamilton Lane chief investment officer Erik Hirsch.
Postal Savings Bank of China has attracted investment worth RMB 45.1bn from 10 high profile strategic investors, including the Canadian pension plan.
Private equity firms in Asia are facing fierce competition and the only way to succeed is through operational value creation, according to AlixPartners’ Private Equity Value Creation in Asia-Pacific Survey.
During its investment in Jamna Auto Industries, Clearwater helped the company reduce its debt, consolidate its market position and rebuild its distribution business to increase margins.
The Japanese firm invested in energy solutions provider ESCO through its second fund, which is now about 55 percent deployed.