CCMP Capital Asia is almost doubling its deal capacity and targeting $3 billion (€2.2 billion), for its third fund, CCMP Asia Opportunity Fund III, according to Reuters. The previous fund, CCMP Asia Opportunity Fund II, closed in 2005 on $1.6 billion.
Private equity activity in the region has increased substantially – with $48.8 billion invested in 2006, up from $15.6 billion in 2005. So far in 2007, $28.2 billion of private equity capital has been invested in Asia, according to Dealogic.
Founded in 1999, CCMP was a captive arm of
The firm recently bought Yellow Pages in