Turnaround specialist Japan Industrial Solutions (JIS) has invested JPY25 billion ($208 million) in ailing electronics group Sharp as part of JPY225 billion bailout.
North Asia | 18 May 2015 |
Tokyo-based private equity firm Integral Corp. has reached an agreement with local airline operator ANA Holdings to invest JPY18 billion ($150 million) in ailing Japanese carrier Skymark.
North Asia | 23 Apr 2015 |
Robert Petty, managing partner and co-founder of Asia-focused special situations and credit investor Clearwater Capital Partners, has been elected chairman of EMPEA.
People | 03 Feb 2015 |
Japanese GP Integral Corp. has agreed to refinance ailing domestic airline Skymark which filed for bankruptcy protection this week.
North Asia | 29 Jan 2015 |
KKR expects to see increasing restructuring and recapitalization opportunities in China as the country’s role in the global economy adjusts, resulting in a sustained period of slower growth.
Restructuring | 16 Jan 2015 |
Asia special situations investor SSG Capital Partners has acquired a 49% stake in Asset Care & Reconstruction Enterprise (ACRE), which acquires distressed debts from Indian banks, for INR410 million ($6.6 million).
Distressed/Special Situations | 26 Nov 2014 |
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 |
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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