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Asia: November 2001

Private equity alliance for Nomura and Thomas Weisel, Indian VC down 25 per cent…

Nomura and Thoman Weisel forge private equity alliance
Japanese bank Nomura and US firm Thomas Weisel Partners forged an alliance to co-ordinate on cross-border mergers and acquisitions and private equity investments. Nomura will inject $125m into Weisel's private equity activities and will raise another $500m for future Weisel funds. Both firms will be able to expand their interests in the US and Japan respectively.
AltAssets 1.11.01

Venture capital units of UFJ banks combine
The venture capital arms of Sanwa Bank, Tokai Bank and Toyo Trust & Banking Co will combine from January 15 in order to strengthen their operations. The combined unit will be named UFJ Capital Co.
Japan Today 10.11.01

HSBC to launch Japan private equity fund
Banking giant HSBC announced the launch of a private equity fund to invest in opportunities arising from the massive corporate restructuring that is expected to result from the country's present economic difficulties. The fund will invest around $245m (Y30bn) of HSBC's own capital over the next three years.
AltAssets 5.11.01

Indian VC to fall 25 per cent
VC investment in India will fall 25 per cent this year from the total of $1bn last year, according to Saurabh Srivastava, president of the Indian Venture Capital Association. Srivastava said he expected investment focus to shift to IT-enabled services companies away from last year's popular IT companies.
Venturedome 27.11.01

VC investment plummets in Korea
Investment in the Korean venture capital market was down 60 per cent in the period from January to December this year compared to the same period last year. The fourth quarter of this year is expected to see an improvement due to the 500bn won that the Korean government has given to VC funds in the wake of the collapse of the Kosdaq market. Figures produced by Softbank showed that, despite the fall in investment levels, there was an increase in investment in the biotechnology and entertainment sectors.  
Venturedome 29.11.01