ShoreVest Capital Partners is bidding on its first Chinese non-performing loan (NPL) portfolios since the core team members departed Shoreline Capital.
Xiaolin Zhang, co-founder and managing partner at China-focused distress specialist Shoreline Capital, discusses the NPL opportunity and what private equity firms must do to address it
Henry Kravis, co-founder of KKR, emphasized the importance of Asia’s rising middle class and the diversification of his firm’s investment approach as continued volatility globally is likely to deliver both uncertainty and opportunity.
Keystone Private Equity has agreed to acquire distressed Korean construction company Dongbu Corporation for KRW206 billion ($174 million).
India’s distressed asset sector is seeing a surge in investor interest as regulators indicate support for a tougher approach by creditors. PE investors looking to enter this space must develop sustainable strategies
KKR has formed a partnership with China Orient Asset Management and China Orient Summit Capital (COS Capital) to make credit and distressed opportunities in the country, with real estate likely to be a key area of focus.
Oaktree Capital Management will contribute to a $175 million restructuring package for Australian surfwear brand Quiksilver, which has voluntarily taken its US business into bankruptcy.
China’s slowing growth has created a wave of corporate defaults, and these bad debts should be put up for sale. Not all foreign investors are ready to jump in, though, conscious of the difficulties in extracting value
There are various ways for PE investors to seek legal recourse against portfolio companies that have behaved improperly – provided they have structured deals properly and don’t mind getting their hands dirty
Robert Petty, managing partner and co-founder at Clearwater Capital Partners, explains why a strong credit and special situations investment strategy in Asia often involves going against the grain
The message has always been: Look at what’s happening in the US and Europe to get an idea of what is likely to happen in Asia. The follow-up question: Okay, but when? The answer: Soon, but not yet.
KKR expects to see increasing restructuring and recapitalization opportunities in China as the country’s role in the global economy adjusts, resulting in a sustained period of slower growth.
JKL Partners and a unit of South Korean agricultural conglomerate Harim Group have been named by a local court as the preferred bidder for bankrupt shipper STX Pan Ocean.
The Australian operation of Jones the Grocer, a gourmet food retailer majority-owned by L Capital Asia, has gone into administration but is expected to stay open while undergoing a restructuring.
Australian vacuum and cleaning products retailer Godfreys Group, which was acquired by Unitas Capital and Pacific Equity Partners (PEP) and then taken over by creditors after running into trouble, is preparing to go public following a turnaround.
Howard Marks, chairman of Oaktree Capital Management, gives his appraisal of the current investment and economic environments, and explains how his firm is developing its Asia strategy
Centerbridge Partners will support a $352 million restructuring plan for Boart Longyear, an Australia Securities Exchange-listed mining services provider that has struggled as falling commodities prices prompt a scaling back in exploration.
All PE investors want downside protection in China, but they prefer to use it as leverage in amicable negotiations rather than pursue full enforcement. Knowing the entrepreneur and the business is crucial
Malaysia Airlines (MAS), the beleaguered national carrier that has tragically lost two planes in the space of four months, will be privatized and restructured by its largest shareholder, Khazanah Nasional in a deal worth MYR1.38 billion ($432 million).
China Forestry Holdings, a Hong Kong-listed timber company whose investors include The Carlyle Group, plans to negotiate a debt restructuring with creditors after defaulting on $180 million in senior notes.
A panel appointed by the Reserve Bank of India (RBI) to review banking industry governance has recommended that private equity firms, including sovereign wealth funds, be allowed to buy up to 40% of distressed lenders.
It is difficult to capture the scale of Australia’s printing industry given the amount of activity that takes place outside of the traditional silos. The data points highlighted by the national industry association, however, do not make for comforting...
Kendall Court has acquired Intrepid Mines’ interest in the Tujuh Bukit copper-gold project in Indonesia for $80 million, ending the Australia-listed resources company’s long-running ownership dispute over the asset.
The Australian Shareholders Association (ASA) has called on Australian surf wear company Billabong International to delay a shareholder vote on a decision that could give PE creditors Oaktree Capital Management and Centerbridge Partners as much as 40.8%...