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
Distressed/Special Situations | 05 Nov 2014
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.
Restructuring | 24 Oct 2014 |
Avenue Capital Group has hired two executives from PAG – Anil Gorthy and Dan Galanter – to lead its Asia business, with a new regional fund planned for the coming year.
Distressed/Special Situations | 08 Oct 2014 |
The Regional Vitalization Corporation of Japan (REVIC) has invested JPY1 billion ($10 million) in Tokyo-listed restaurant chain Friendly.
North Asia | 04 Aug 2014 |
The National Australia Bank (NAB) has agreed to sell a GBP625 million ($1 billion) portfolio of mostly distressed UK property loans to New York private equity firm Cerberus Capital Management.
Australasia | 28 Jul 2014 |
Whether disillusioned by the returns from conventional private equity or seeking to diversify their exposure, LPs are more open to Asia credit strategies. The returns are there, provided you pick the right strategy.
Mezzanine | 16 Jul 2014 |
A PAG-led consortium has acquired a portfolio of around EUR700 million ($954 million) in primary subordinated loans held by Commerzbank’s Japan real estate subsidiary, plus local operations and staff.
Real estate | 27 Jun 2014 |
Sailing Capital and Chinese retail conglomerate Sanpower Group have bought Brookstone, a US luxury-gadget retailer, for more than $173 million at a bankruptcy auction.
Greater China | 04 Jun 2014 |
Asia special situations investor Clearwater Capital Partners has part-exited India's Diamond Power Infrastructure by selling a 5.5% stake for INR271 million ($4.57 million) via an open market transaction.
Distressed/Special Situations | 03 Jun 2014 |
Asia special situations investor Clearwater Capital Partners has sold a jack-up rig built in a Singapore shipyard to a drilling services partnership between the Saudi Arabian government and Schlumberger.
Southeast Asia | 29 May 2014 |
Turnaround specialist Japan Industrial Solutions (JIS) has agreed to acquire a stake in listed textiles manufacturer Unitika for JPY10 billion ($98 million).
North Asia | 28 May 2014 |
The decisive victory recorded by new Prime Minister Narendra Modi in India’s general election has removed a lingering element of uncertainty regarding economic and foreign investment policy, but it cannot save companies from their past misdeeds.
Distressed/Special Situations | 28 May 2014 |
Direct lending has gained traction among PE investors in Asia who see an opportunity to meet the capital needs of small businesses that are unable to tap conventional sources of financing. SSG Capital is keen to differentiate itself from the mainstream....
Distressed/Special Situations | 28 May 2014 |
SSG Capital Partners has closed its third Asia special situations fund at the hard cap of $915 million after approximately five months in the market.
Fundraising | 22 May 2014 |
India will see a sharp increase of corporate restructurings over the next 12 months, driven by corporate debt and liquidity issues, according to a PE industry survey by global business advisory firm AlixPartbers.
South Asia | 20 May 2014 |
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As investor's confidence in the domestic economy is restored, Taiwan's private equity sector players are anticipating a long-awaited upswing in activity, especially with a more transparent and open regulatory environment to revive growth. Positive signals from the government include the new M&A regulation, which will add on protection of minority shareholders upon its launch. The National Development Fund has also injected billions of cash into local funds in an effort to support industrial innovation.
20 November 2014, The Westin Hotel, Taipei
With the empathic and historic victory of Narendra Modi at the recent elections in India, the market confidence has improved significantly. Until recently, India was mentioned in financial markets only in a negative light given the enormous potential and lack of delivery. Difficulties in exiting, arbitrary taxation and poor governance are just some of the chronic problems deterring investors.
Discover what repercussions the latest political developments will have on the private equity industry, the outlook for the next wave of fundraising, where GPs expect to source exits and the best way forward for existing and potential investors.
2-3 December 2014, Taj Lands End Hotel, Mumbai