David Liu and Ming Lu, who head up KKR’s private equity operations in Asia, discuss dislocation in China and its neighboring markets, engineering cross-border deal flow, and how GPs can differentiate themselves
Partners Group has bought a controlling stake in Australian early childhood education provider Guardian Early Learning Group from Navis Capital Partners at a post-deal valuation of A$440 million ($313 million)
EQT Partners has bought a majority stake in Hong Kong-based social compliance assessment and improvement service Elevate.
Hony Capital has reached a first close of $1 billion on its new Greater China-focused fund and raised an additional $250 million towards a second close.
The Carlyle Group has promoted Neeraj Bharadwaj, a Mumbai-based member of the firm’s Asia buyout team, to partner.
Ekuinas, a private equity firm backed by the government of Malaysia, has invested a total of MYR79.8 million ($18.1 million) in two companies that support the healthcare sector.
PAG Asia Capital has reached a first and final close on its second fund at $3.66 billion. The vehicle, which had an initial target of $3 billion, spent less than eight months in the market.
Bain Capital has closed its third Asian fund at the hard cap of $3 billion plus a GP commitment of at least $250 million. The fundraising process has taken approximately seven months.
The Blackstone Group has reached a final close on its latest global private equity fund at $18 billion, with demand said to be well in excess of the $17.5 billion hard cap.
Simon Moore, a managing director with The Carlyle Group’s Asia buyout team in Sydney, will reportedly not stay with the firm beyond the life of the current fund.
Northstar Group has reached a final close of $810 million on its fourth fund, which targets Southeast Asia, with a particular focus on Indonesia. Meanwhile, the firm’s VC unit, NSI Ventures, has closed its debut fund at $89 million.
Co-investment is a key tenet of the private equity strategy at Ontario Teachers’ Pension Plan. Nicole Musicco, managing director and head of Asia Pacific, explains how the group likes to participate
Co-investment is becoming more sophisticated as managers sharpen fundraising strategies and respond to the needs of large investors. It points to an increasingly customized and complicated GP-LP relationship
Australia-based oil and gas supplier Santos has rejected a takeover bid from Scepter Partners, a private equity firm backed by sovereign wealth funds and high net worth individuals in Asia and the Middle East.
The Carlyle Group has promoted Sunil Kaul to head of its Southeast Asia buyout operations following the sacking of Indonesia-focused Rajiv Louis, who was sanctioned for insider-trading activities while working at UBS.
Having worked on one of Japan’s biggest-ever deals with Permira, Tomoya Shiraishi returned to his small-cap growth buyout roots with Phronesis Partners – with a bit of venture philanthropy in between
Bain Capital’s strategy of raising funds that are smaller than those of its longstanding industry peers has been beneficial in terms of generating co-investment opportunities, says Stephen Pagliuca, a managing director at the firm.
Carlyle closes Japan fund at just under $1 billion, eyes corporate carve-outs, succession planning deals
Pacific Equity Partners (PEP) has closed its fifth Australia and New Zealand-focused fund at the hard cap of A$2.1 billion ($1.5 billion). The vehicle came in oversubscribed as LP interest grew following a string of exits by the GP over the past 18 months.
Allegro Funds has exited its majority stake in Australia-based industrial services provider TSC Group to multinational energy player Engie.
The Carlyle Group has closed its third Japan-focused fund at JPY119.5 billion ($1 billion), exceeding the target of JPY100 billion.
Charles R. Kaye, co-CEO at Warburg Pincus, discusses the growing importance of Asia to his firm, valuation bubbles in the technology space, and changes in the GP-LP relationship
Simcro, a New Zealand-based animal drug delivery firm controlled by the Riverside Company, has completed two bolt-on acquisitions.
Vogo Investment has acquired a controlling stake in Bodyfriend, South Korea's largest maker of massage chairs and other lifestyle products, in a management buyout.