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Carmela Mendoza

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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 manager expects its investment in one of Australia’s largest beef producers to serve as a platform for growth.
The Beijing-based firm will gain $730m from the sale.
Hong Kong-based Baring Private Equity Asia has sold its 40 percent stake in the company to US packaged goods company Post Holdings.
The firm will pick up PENM Partners’ $100m stake in Masan Group and invest an additional $150m in the company’s meat platform, according to sister publication Private Equity International.
Local government ministries in the country are setting up a fund that will back start-ups focused on the biotechnology sector.
A Bain & Co report attributes a rise in deal multiples to fierce competition and a limited supply of high-quality targets.
Private equity investors in the Asia-Pacific (APAC) region largely favour the North American market over Europe for its stronger economic fundamentals, sister publication Private Equity International reported.
Close to half of the investors in the Asia-Pacific region expect to increase their private equity holdings, while around a third of investors in Europe and the US are planning to increase their allocations to the asset class.
Global private equity firm Bain Capital has acquired US retailer Daymon Worldwide and plans to expand its offerings and services across the Asian region, sister publication Private Equity International reported.
An investor consortium which includes The Carlyle Group, Chinese conglomerate CITIC Limited and its investment unit CITIC Capital Holdings has bought the Hong Kong and China businesses of McDonald’s for $2.08 billion.
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