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Covid-19: 17 residents of Pandamaran home for needy test positive


KLANG: Seventeen residents of a home for the needy in Pandamaran near here have tested positive for Covid-19.
Also positive are two staff members working at the Grace Home for the Destitute as well as a volunteer.
When contacted, the home’s chairman Desmond Teo said five of the infected residents were moved to the Cheras Hospital on Tuesday (April 27) night.
“The remaining 12 residents as well as one staff member and the volunteer were moved to the Sungai Buloh Hospital on Wednesday (April 28) morning, ’’ he said, adding that the driver had been sent to the Serdang Hospital.
All residents who tested positive are aged between 42 and 87. ....

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Asia's Family-Owned Firm Founders Seek Private Equity Exit


Asia’s Family-Owned Firm Founders Seek Private Equity Exit
This content was published on February 4, 2021 - 03:40
February 4, 2021 - 03:40
(Bloomberg) Dealmakers across Asia are busy fielding calls from company founders who are mulling letting go of their life’s work as the Covid-19 pandemic has upended how global business is done.
After riding the region’s rise over the past decades, family firms that dominate the economic landscape are now also looking for bigger partners, help to modernize management teams and in succession planning, according to consultants, bankers and private equity firms.
“We’ve seen founders, particularly the older entrepreneurs, saying there are more challenges in the world now and that they’re thinking about succession issues and management issues,” said Ed Huang, co-head of Asia acquisitions in private equity at Blackstone Group Inc. “Private equity is better understood now as either a potent ....

Hong Kong , Shanghai Tang , South Korea , Fred Huang , Derek Sulger , Pankaj Goel , Nainesh Jaisingh , Desmond Teo , Takuya Kawahara , Family Firm Institute , Standard Chartered Plc , Credit Suisse Group , Credit Suisse , Nihon Ma Center , Northstar Group , Nihon Ma Center Inc , Ernst Young , Fit Ltd , Blackstone Group Inc , Japfa Ltd , Blackstone Group , Suisse Group , Southeast Asia , Affirma Capital , Chief Executive Officer Nainesh , Center Inc ,

Asia's family-owned business founders more open to explore PE deals, cede control


Asia’s family-owned business founders more open to explore PE deals, cede control
Photo by CHUTTERSNAP on Unsplash
February 4, 2021
Dealmakers across Asia are busy fielding calls from company founders who are mulling letting go of their life’s work as the Covid-19 pandemic has upended how global business is done.
After riding the region’s rise over the past decades, family firms that dominate the economic landscape are now also looking for bigger partners, help to modernize management teams and in succession planning, according to consultants, bankers and private equity firms.
“We’ve seen founders, particularly the older entrepreneurs, saying there are more challenges in the world now and that they’re thinking about succession issues and management issues,” said Ed Huang, co-head of Asia acquisitions in private equity at Blackstone Group Inc. “Private equity is better understood now as either a potential strategic partner or as an exit path.” ....

Hong Kong , Shanghai Tang , South Korea , Fred Huang , Derek Sulger , Pankaj Goel , Nainesh Jaisingh , Desmond Teo , Takuya Kawahara , Family Firm Institute , Standard Chartered Plc , Credit Suisse Group , Credit Suisse , Nihon Ma Center , Northstar Group , Nihon Ma Center Inc , Ernst Young , Fit Ltd , Blackstone Group Inc , Japfa Ltd , Blackstone Group , Suisse Group , Southeast Asia , Affirma Capital , Chief Executive Officer Nainesh , Center Inc ,

Across Asia, founders of family-owned businesses seek private equity exit


Feb 4, 2021
Deal-makers across Asia are busy fielding calls from company founders who are mulling letting go of their life’s work after the COVID-19 pandemic upended how global business is done.
After riding the region’s rise over the past decades, family firms that dominate the economic landscape are now looking for bigger partners, and help to modernize management teams and in succession planning, according to consultants, bankers and private equity firms.
“We’ve seen founders, particularly the older entrepreneurs, saying there are more challenges in the world now and that they’re thinking about succession issues and management issues,” said Ed Huang, co-head of Asia acquisitions in private equity at Blackstone Group Inc. “Private equity is better understood now as either a potential strategic partner or as an exit path.” ....

Hong Kong , Shanghai Tang , South Korea , Fred Huang , Derek Sulger , Pankaj Goel , Nainesh Jaisingh , Desmond Teo , Takuya Kawahara , Family Firm Institute , Credit Suisse Group , Credit Suisse , Nihon Ma Center , Standard Chartered , Northstar Group , Nihon Ma Center Inc , Ernst Young , Fit Ltd , Blackstone Group Inc , Japfa Ltd , Blackstone Group , Suisse Group , Southeast Asia , Affirma Capital , Chief Executive Officer Nainesh , Center Inc ,

Founders of Asia's family-owned companies seek private equity exit


Dealmakers across Asia are busy fielding calls from company founders who are mulling letting go of their life’s work as the Covid-19 pandemic has upended how global business is done.
After riding the region’s rise over the past decades, family firms that dominate the economic landscape are now also looking for bigger partners, help to modernize management teams and in succession planning, according to consultants, bankers and private equity firms.
“We’ve seen founders, particularly the older entrepreneurs, saying there are more challenges in the world now and that they’re thinking about succession issues and management issues,” said Ed Huang, co-head of Asia acquisitions in private equity at Blackstone Group Inc. “Private equity is better understood now as either a potential strategic partner or as an exit path.” ....

Hong Kong , Shanghai Tang , South Korea , Fred Huang , Derek Sulger , Pankaj Goel , Nainesh Jaisingh , Desmond Teo , Takuya Kawahara , Family Firm Institute , Standard Chartered Plc , Credit Suisse Group , Credit Suisse , Nihon Ma Center , Northstar Group , Nihon Ma Center Inc , Ernst Young , Fit Ltd , Blackstone Group Inc , Japfa Ltd , Blackstone Group , Suisse Group , Southeast Asia , Affirma Capital , Chief Executive Officer Nainesh , Center Inc ,