TPG Capital has reached a first close of $6.5 billion on its latest global fund. The vehicle, which was formally launched last October, has a target of $8 billion and a hard cap of $10 billion.
Fundraising | 04 Mar 2015 |
Bain Capital has launched a takeover bid for Tokyo-listed Yukiguni Maitake, a troubled Japanese mushroom producer, for as much JPY9.5 billion ($79.1 million).
Buyout | 24 Feb 2015 |
TPG Capital and Northstar Pacific Partners have made another partial exit from Indonesian lender Bank Tabungan Pensiunan Nasional (BTPN), selling a 17.5% stake to Japan's Sumitomo Corp. for IDR5.93 trillion ($461.8 million)
Southeast Asia | 23 Feb 2015 |
Several Australian superannuation funds are eschewing commitments to smaller domestic GPs because they have to deploy a larger quantum of capital. If more follow suit, what does it mean for the middle market?
Australasia | 18 Feb 2015 |
Japanese mid-market GP Unison Capital has agreed to exit wine retailer Enoteca to brewing giant Asahi Group. The terms of the deal were not disclosed.
North Asia | 16 Feb 2015 |
Unitas Capital's Eugene Suh and Jay Lee will spin out to raise a Korea-focused fund. They will take the four-person Seoul-based team with them.
People | 16 Feb 2015 |
Shareholders in French vacation resort operator Club Méditerranée (Club Med) have accepted a EUR939 million ($1.1 billion) takeover offer from a consortium led by China's Fosun International, bringing the longest takeover battle in French history to...
Greater China | 13 Feb 2015 |
In 1999, Derek Sulger turned his back on a career with Goldman Sachs to start a company in China. Fifteen years on, having founded mid-market consumer buyout firm Lunar Capital, he has no regrets.
Greater China | 11 Feb 2015
The Carlyle Group has made a tender offer to acquire Tokyo Stock Exchange-listed Hitachi Metals Techno, a second-tier subsidiary of Japanese conglomerate Hitachi, for JPY29.3 billion ($248 million).
North Asia | 04 Feb 2015 |
Christmas holidays are a rarity at Hahn & Co. The Korean buyout firm’s acquisition of Posfine, a slag powder business owned by steelmaker Posco, closed on December 30. The 2013 seasonal period was dominated by negotiations over a majority stake in Hanjin’s...
Fundraising | 04 Feb 2015 |
Hahn & Co has reached a final close on its second South Korea buyout fund at the hard cap of $1.2 billion, and raised a separate $700 million co-investment pool to support the $3.6 billion acquisition of Halla Visteon Climate Control Corporation (HVCC).
Fundraising | 03 Feb 2015 |
Canada-based Fairfax Financial Holdings has raised $1 billion for its recently-formed India investment unit through a combination of an IPO and a private placement.
Fundraising | 02 Feb 2015 |
Navis Capital Partners has reached a final close of $1.5 billion on its seventh fund with the addition of a shariah-compliant parallel vehicle. The bulk of the international LP commitments, totaling around $1.3 billion, came by February of last year.
Fundraising | 30 Jan 2015 |
Pacific Equity Partners (PEP) and Bain Capital have pulled their take-over bid for Australian mining industry supplier Bradken due to volatility in the commodities market.
Australasia | 28 Jan 2015 |
Global buyout deal flow reached $332 billion in 2014, the highest annual total in seven years according to Preqin, in part thanks to cheap credit in the US. However, John Connaughton, managing director at Bain Capital, argues that the market has yet to...
North America | 26 Jan 2015 |
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The outlook for the Australasian market is positive as a record number of IPO exits have provided strong returns for investors and has proven that PE can outperform listed equities and compete with global divestment figures. Fundraising in terms of dollar value has been high but the number of PE funds successfully raising new commitments has declined as investors flock to the best in class.
This is an intriguing time for Australasian PE as the industry continues to mature. GPs must evolve, diversify and display skills to drive value in a low-growth environment and justify future commitments when competing on a global state by achieving world-class results from current deals and exits.
4-6 March 2015, The Westin, Sydney
The AVCJ Indonesia Forum is back for a fourth year! Mark your calendars now and join us on March 24th, 2015 in Jakarta at Indonesia's longest running, largest and most prestigious industry gathering.
The market is relatively optimistic as a new government that is viewed favourable to a balanced investment arena is introduced and we see an increase in deal activity. The hopes for a flourishing PE market amid the euphoria of 2012 has not yet been realised but the potential is still present and now may well be the time for the country to take off in its own right and increase its reputation as THE hot market in Southeast Asia.
24 March 2015, Grand Hyatt, Jakarta