Distressed/Special Situations
TPG acquires 20% of MediaWorks' senior debt for $54m
TPG has acquired NZ$70 million ($54.1 million) worth of debt in New Zealand-based MediaWorks from lender Commonwealth Bank of Australia (CBA), accounting for approximately 20% of the company’s...
Australasia |
16 Dec 2011 | 
TPG considers investment into Takefuji - report
TPG may be considering making a much-needed investment into debt-ridden Japanese consumer lender Takefuji, coming as the latest effort to prevent the firm from liquidating.
North Asia |
13 Dec 2011 |
CVC said to offer Nine's creditors second refinancing plan
CVC Asia Pacific has reportedly offered creditors another refinancing plan for the A$2.6 billion ($2.7 billion) of debt held by its Australian portfolio company, Nine Entertainment, coming after lenders rejected CVC’s proposal of granting the firm a...
Australasia |
09 Dec 2011 |
Nine's creditors reject debt restructure plan
The creditors of Australian media group Nine Entertainment have rejected a proposal to restructure the company’s A$2.6 billion ($2.59 billion) of senior debt, potentially jamming Nine’s private equity owner, CVC Asia Pacific, with nearly $2 billion...
Australasia |
08 Dec 2011 |
Shenzhen PE firm reaches first close on debut property fund
PTiFund, a Shenzhen-based private equity firm backed by Hong Kong-listed property developer Top Spring International Holdings, has announced a first close of RMB125 million ($19.6 million) on its debut fund. The full target is RMB500 million.
Real estate |
24 Nov 2011 |
Centro to launch trust to avoid collapse
The financial backers of distressed Australian real estate owner Centro Properties Group have agreed to create an A$4.4 billion ($4.3 billion) listed property trust called Centro Retail Australia in order to keep the company afloat.
Australasia |
23 Nov 2011 |
Kingfisher closes in on $370m injection
Debt-ridden Indian airline Kingfisher is nearing the close of a $370 million recapitalization deal with an Indian private investor and a group of banks that should prevent it from collapsing.
South Asia |
21 Nov 2011 |
MSPEA-backed Biotor close to shuttering - report
Morgan Stanley Private Equity Asia’s (MSPEA) first and only Indian portfolio company from its pan-Asian fund, Mumbai-based biofuel company Biotor Industries, is reportedly on the verge of closing its operations, which could leave MSPEA out of its INR2...
South Asia |
18 Nov 2011 |
Sino-Forest denies fraud claims
Private equity-backed Chinese forestry firm Sino-Forest has denied allegations by short-seller Muddy Waters that it engaged in fraudulent activity related to its assets and revenue reporting.
Greater China |
16 Nov 2011 |
Blackstone, Carlyle near Reliance tower acquisition - report
A consortium comprised of The Blackstone Group and The Carlyle Group may purchase Reliance Group’s cellular towers by December, in a deal that will finally see the Indian communications major divest its ailing tower assets.
South Asia |
11 Nov 2011 |
Investors eye openings in Asia special situations
Distressed opportunities are being flagged up as a key investment area in Asia as several economies in the region face slowing growth and tightening monetary conditions.
Distressed/Special Situations |
09 Nov 2011 |
Gresham seeks buyer for New Zealand's Noel Leeming Group
Australian PE firm Gresham has reportedly appointed Macquarie Group to advise on the sale of New Zealand appliance retailer Noel Leeming Group, an asset that it has owned for seven years.
Australasia |
07 Nov 2011 |
Lone Star sells distressed Japanese golf course asset PGM
Lone Star will divest its 64% stake in distressed Japanese golf course operator PGM Holdings to pachinko pinball machine maker Heiwa Corp. for JPY39.5 billion ($521 million).
North Asia |
27 Oct 2011 |
KKR to boost focus on special sits in China
KKR is set to bolster its special-situations capabilities in Hong Kong in anticipation of a downturn in China.
Distressed/Special Situations |
24 Oct 2011 |
Eaton Vance targets US loans through Australian fund
Eaton Vance Corp. aims to raise $1 billion in the next two to three years for an Australian fund targeting US leveraged loans. It will primarily look to secure capital commitments from Australian pension funds.
Australasia |
24 Oct 2011 |
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Australasian PE: Driving returns for future growth
The annual AVCJ Australia and New Zealand conference will offer attendees a comprehensive view of the challenges and opportunities that currently exist, as well as a platform to form relationships with key industry professionals and investors from both the domestic and overseas markets.
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