PAG Asia Capital's absolute returns business has joined a consortium that plans to invest HK$3.87 billion ($500 million) in Hong Kong-based investment firm Kingston Financial.
Greater China | 29 Jun 2015 |
CHAMP Private Equity and Chilean conglomerate Sigdo Koppers have agreed to invest A$70 million ($54 million) in struggling Australian mining industry supplier Bradken. A merger of Bradken and Sigdo Koppers subsidiary Magotteaux Group is also under consideration.
Australasia | 26 Jun 2015 |
KKR has invested $70 million in Tarena International, a provider of professional education and training in China, forming a new partnership with a PE backer as existing investors trim their holdings.
North America | 23 Jun 2015 |
Apollo Global Management has exited a 4.4% stake in India-based direct-to-home (DTH) service provider Dish TV, selling about INR4.86 billion ($76.6 million) worth of shares via the open market.
Exits | 22 Jun 2015 |
First Reserve will subscribe to a portion of a S$169.5 million ($126 million) rights issue by its investee KrisEnergy. The capital is required to support the oil and gas exploration and production (E&P) company’s development.
PIPEs | 16 Jun 2015 |
Multiples Alternative Asset Management has agreed to invest INR3.5 billion ($54.6 million) in Indian cinema chain PVR Cinema, raising its stake in the company to 19.6%.
South Asia | 15 Jun 2015 |
Hony Capital and CITIC Goldstone will cover close to three quarters of a RMB9 billion ($1.45 billion) private placement by Shanghai-listed Bright Dairy, which will be used fund the acquisition of Israel-based Tnuva Food Industries from its parent, Bright...
Consumer | 09 Jun 2015 |
Silver Lake has invested $330 million in Qunar, a US-listed Chinese travel-booking platform controlled by Baidu, as part of a $500 million strategic investment. This comes after the company rejected a buyout offer from industry peer Ctrip.
Technology | 02 Jun 2015 |
Tiger Global has joined hedge fund SRS Partners in a $134 million stock placement for Chinese car rental service eHi Car Services.
Greater China | 26 May 2015 |
A fund managed by Gopher Asset Management, a unit of Chinese wealth management firm Noah Holdings, and Hillhouse Capital Management are among 13 cornerstone investors that have committed HK$14.7 million ($1.9 billion) to Huatai Securities’ Hong Kong...
PIPEs | 19 May 2015 |
China's Greenland Holding Group will buy a controlling stake in KKR-backed Chinese car dealership Rundong Auto for HKD1.55 billion ($200 million).
Greater China | 18 May 2015 |
KKR is betting that increasing the supply of safe, high quality chicken in China will stir nascent demand for the product – essentially following in the footsteps of the dairy industry and the PE firm’s previous investment in China Modern Dairy.
Expansion | 18 May 2015 |
A consortium led by Jack Ma, founder and executive chairman of Alibaba Group, has acquired 81% of Hong Kong-listed brokerage Reorient Group.
Greater China | 15 May 2015 |
TPG Capital has sold its 20.37% stake in Indian non-banking finance company Shriram City Union Finance (SCUF) to Apax Partners. Based on the May 12 closing price of INR1,719, it was worth around INR23 billion ($360 million).
Exits | 14 May 2015 |
Australian resources-focused investor EMR Capital has served as cornerstone investor for listed mining company Highfield Resources' A$120 million ($101 million) share placement.
Industrials | 13 May 2015 |
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In 2015, China is expected to experience a "new normal of growth". For private equity investors, China's new stage of growth represents huge opportunities: an increase of 270% in online consumption, the reform of over a hundred sovereign-owned enterprises, trillion-dollar investments into overseas infrastructure projects, the rising entrance of young entrepreneurs, and many more.
To be held on 28 and 29 May, the 14th annual AVCJ China Forum 2015 in Beijing will feature these exciting topics and bring together top-notch speakers from across the world.Join the premium industrial gathering of over 300 private equity professionals, regulators and senior executives for two days of mind-provoking discussions, networking and more.
28-29 May 2015, China World Summit Wing,Beijing
There is a feeling that now is a shrewd time to invest in Japan and take advantage of the favourable conditions for private equity. Valuations are low compared with the rest of Asia and strategic buyers and the IPO market are providing an attractive route for exits. There are also signs that corporate Japan is slowly coming around to engaging PE as a potential buyer for non-core assets and recent developments at the GPIF suggest that PE will be under strong consideration for allocations from pension funds in the near future as well as regional banks committing to the asset class right now.
The macro concerns that have been present for many years still remain in terms of low growth and currency depreciation but these are encouraging times for fund managers looking to both raise capital from Japanese LPs and make investments.
25-26 June 2015, Conrad Hotel, Tokyo