All the talk of a swath of GP restructurings in Asia has yet to become reality. As India and China funds raised during the heady times inch closer to the 10-year mark, are we about to see...
Secondaries | 25 Mar 2015 |
Is the spirit of romance ebbing away in Japan? Naoki Sawano, president of bridal jewelry specialist Primo Japan, suggested as much a couple of years ago. He held a trend among young people “to think of the proposal and the engagement ring as two separate...
Buyouts | 04 Feb 2015 |
North Asia-focused GP The Longreach Group has acquired Primo Japan from Baring Private Equity Asia, with a view to expanding the bridal jewelry specialist into mainland China.
Buyouts | 02 Feb 2015 |
Jafco has exited Meiko Shokai, a Japanese manufacturer of document shredders, to turnaround specialist Japan Industrial Solutions (JIS) for an undisclosed sum.
North Asia | 07 Jan 2015 |
Morrison & Co, an investment manager of New Zealand-listed infrastructure fund Infratil, has been looking into Australian retirement village space for a while. In early 2014, it approached RetireAustralia, the country’s fourth-largest player, as a potential...
Real estate | 07 Jan 2015 |
New Zealand Superannuation Fund (NZ Super) and infrastructure investor Infratil have bought retirement village operator RetireAustralia for A$640.2 million ($521 million) from J.P. Morgan Special Opportunities Group and Morgan Stanley Real Estate.
Buyouts | 02 Jan 2015 |
The Carlyle Group has acquired a 54.85% stake in India-based publishing and technical services provider Newgen KnowledgeWorks for $32.8 million via a secondary transaction. This is the second time it has invested in the company.
Buyouts | 09 Dec 2014 |
India has yet to fulfil its potential as a direct secondaries market as buyers and sellers fail to agree on valuations. A revival in investor sentiment hasn’t helped matters, but patience may eventually pay off
Secondaries | 03 Dec 2014 |
Baring Private Equity Asia has agreed to buy Japan-based Bushu Pharmaceuticals from Tokio Marine Capital at an enterprise valuation of JPY77.3 billion ($670 million).
Exits | 17 Nov 2014 |
Japanese investor J-Star has exited Burn Holdings, a local repair business that primarily serves property developers, to Shinsei Corporate Investment and Creation Capital. The gross return multiple is said to be 8x.
Exits | 29 Sep 2014 |
Secondary deal flow has reached record breaking levels in 2014. Regulatory reform and economic recovery have helped, but that is not the whole story - the maturing market is arguably more important
Secondaries | 11 Sep 2014 |
MLC, the private wealth unit of National Australia Bank(NAB), has sold a A$750 million ($648 million) portfolio of private equity investments to Partners Group.
Secondaries | 10 Sep 2014 |
Partners Group has acquired a 12% stake in Trophy Property Development (TPD), a $1 billion China-focused property development fund managed by Venator Real Estate Capital. The financial details of the transaction were not disclosed.
Secondaries | 05 Aug 2014 |
Global secondary transaction volume for 2014 is on course to break $30 billion for the first time after reaching $16 billion in the six months of 2014, according to secondary market-focused investment bank Cogent Partners.
Secondaries | 16 Jul 2014 |
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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.
245-26 June 2015, Conrad Hotel, Tokyo