One of the observation's made in last week's Australia-themed viewpoint was that private equity fundraising tanked in 2013, although there was a caveat.
Buyout | 05 Mar 2014
Australian GP Quadrant Private Equity has closed its seventh fund at A$850 million ($758 million) after just over one month in the market. The vehicle was two times oversubscribed with interest from both domestic and offshore investors.
Fundraising | 03 Mar 2014 |
The Carlyle Group is expected to face competition for Transpacific Industries Group's New Zealand waste management unit from a competing bid from a local consortium involving two Maori tribes.
Infrastructure | 28 Feb 2014 |
Australian radiology provider I-Med Network Radiology is being sold by its hedge fund owners to a consortium led by EQT Partners.
Australasia | 25 Feb 2014 |
Partners Group has raised $2 billion for its latest PE direct investment program, up to 40% of which can be deployed outside of the US and Europe. Andreas Baumann, head of the firm’s Singapore office, highlights the opportunities in Asia
Buyouts | 19 Feb 2014
KKR sees increasing opportunities in Asia for private equity and special situations as valuations fall amid growing investor uncertainty about the prospects for emerging markets globally.
Buyout | 10 Feb 2014 |
Cerberus Capital Management has reportedly completed the sale of its stake in Japanese property operator Kokusai Kogyo for about JPY140 million ($1.37 billion).
North Asia | 10 Feb 2014 |
Sony has confirmed that it plans to sell its loss-making Vaio PC division to Tokyo-based mid-market buyout shop Japan Industrial Partners (JIP). Financial details have not been disclosed but previous estimates valued the deal at around JPY40-50 billion...
North Asia | 07 Feb 2014 |
Navis Capital Partners will complete fundraising for its seventh Asia vehicle next week with up to $1.3 billion in commitments from LPs. Work will then begin on a shariah-compliant parallel fund, which is expected to close in June, taking the final total...
Fundraising | 06 Feb 2014 |
CVC Capital Partners has appointed consumer sector veteran Jeremy Hobbins as a senior advisor to the pan Asia team.
People | 30 Jan 2014 |
Speaking to AVCJ last year, Shangzhi Wu (pictured), chairman and managing partner of CDH Investments, addressed the issue of certain China managers’ fund sizes rising with each vintage. He put the phenomenon down to a combination of rising valuations,...
Fundraising | 29 Jan 2014 |
The acquisition of a 65% stake in Qinyuan Bakery in 2010 was EQT Partners’ debut food service sector investment in China. Yet the deal was familiar territory for the GP, which was able draw on previous portfolio investments in Europe, including Vaasan&Vassan,...
Fundraising | 29 Jan 2014 |
Following a prolonged drought, Australia has seen a recent spike in private equity-backed IPOs. Is this a flash in the pan or are public market exits on the cusp of a sustained comeback?
Exits | 29 Jan 2014 |
When Unitas Capital and CCMP Capital came across specialist vacuum products developer Edwards Group, the business was hamstrung by geography. Asia was responsible for 60% of revenues but only 30% of manufacturing activity; in Europe these figures were...
Exits | 22 Jan 2014 |
The Carlyle Group has raised around $285 million after selling part of its stake in Hong Kong-listed appliance maker Haier Electronics Group.
Exits | 21 Jan 2014 |
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Join us at the 11th Annual AVCJ Private Equity & Venture Australia and New Zealand Forum on 5-7 March at the Four Seasons Hotel in Sydney to find out how funds of varying size are raising capital, sourcing deals and exits, as well as all you need to know to effectively navigate Australasia's changing alternative asset landscape.
After a decade-long mining boom the economy is experiencing a loss of momentum and the resulting deal flow reduction and lack of value in the market means GPs are chasing many of the same acquisition targets. That said, the exit market is recovering with both IPOs and M&A activity picking up, and an increase in LPs appetite for the asset class, and the recent government change means that the industry is cautiously optimistic for the future and expecting a rise in activity over the next 12 months.
5-7 March 2014, Four Seasons Hotel, Sydney