Japan is expected to emerge as a hotspot for restructuring over the next 12 months as domestic industries consolidate and foreign multinationals reassess their activities in a weak and demographically...
Distressed/Special Situations | 21 May 2013 |
Hahn & Co. has agreed to buy a 43.15% stake in STX Energy, a subsidiary of beleaguered South Korean conglomerate STX Corp. AVCJ understands that the transaction a couple of months away from completion, and the terms could change pending the resolution...
Buyouts | 03 May 2013 |
Chengdu Tianqi Industry Group, a Chinese lithium products manufacturer, has completed the acquisition of Australian miner Talison Lithium, with support from China Investment Corporation (CIC) and Hong Kong-based special situations group ADM Capital. The...
Buyouts | 11 Apr 2013 |
Australia-based special situations and turnaround specialist Anchorage Capital Partners has reached a first and final close on its second fund at the hard cap of A$250 million ($260 million). The vehicle, which came in oversubscribed, spent less than...
Fundraising | 05 Apr 2013 |
PAG will invest in real estate developer China South City Holdings through the purchase of HK$975 million ($125.6 million) in convertible notes. The proceeds will be used to support properties under development and refinance a portion of existing debt....
Real estate | 03 Apr 2013 |
Shoreline Capital, a China-focused special situations investor, has closed its second fund at $303 million. It comes after distress-focused investors in Asia raised a cumulative $2.4 billion in 2012, the highest level seen in six years.
Fundraising | 26 Mar 2013 |
Cerberus Capital Management wants to raise its stake in Japanese railways and property group Seibu Holdings by around 4% as the company plans to re-list.
North Asia | 12 Mar 2013 |
Blue Star’s Australia and New Zealand entities, which are now run by two separate private equity-backed management groups, have agreed to buy assets from struggling rival printing company Geon.
Distressed/Special Situations | 06 Mar 2013 |
KKR and Allegro Funds have placed Australian commercial printing company Geon Group into administration and are looking to buy parts of the business out of receivership. The pair became creditors last year following the acquisition of a portfolio of distressed...
Distressed/Special Situations | 22 Feb 2013 |
ADV Partners, a PE firm set up by former executives from Mount Kellett Capital, is targeting $500 million for its debut Asia-focused special situations fund. The hard cap is $750 million.
Distressed/Special Situations | 22 Feb 2013 |
Virginia Retirement System (VRS) has committed to $50 million to Fortress Investment Group’s Japan Opportunity Fund II, a distress-focused vehicle that closed last December at its hard cap of JPY130 billion ($1.65 billion).
Fundraising | 18 Feb 2013 |
Sourcing deals through South Korea's bankruptcy courts is notoriously complicated, but even by these standards Korea Line presented a challenge. The sale process was officially launched late afternoon on December 21, the Friday before what most people...
Restructuring | 06 Feb 2013 |
Tata Capital, the private equity arm of India's Tata group, plans to raise nearly INR5 billion ($94 million) for its maiden distress assets fund.
South Asia | 31 Jan 2013 |
Hahn & Co. has been selected by a bankruptcy court as the preferred bidder for a 50% controlling stake in Korea Line, South Korea’s fourth-largest shipping company. The enterprise value of the transaction is KRW1.1 trillion ($1 billion), with Hahn &...
Buyouts | 30 Jan 2013 |
Ropes & Gray has promoted Daniel Anderson as a partner in its special situations practice in Hong Kong. He was previously a counsel with the firm.
Greater China | 24 Jan 2013 |
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The 12th Annual AVCJ China Private Equity & Venture Forum, taking place on 30-31 May 2013 at the Park Hyatt Hotel in Beijing, will bring 250 of Asia's leading PE professionals for two days of honest dialogue about this complex and compelling market. Register now to hear from more than 45 of the most experienced and well-respecrted players in China, as well as some of the biggest domestic and international institutional investors.
Date: 30-31 May 2013
Venue: Park Hyatt, Beijing
AVCJ Europe will bring the region's most successful and powerful fund managers to London. Attendees will hear thought-provoking dialogue about investment opportunities and challenges across Asia, and will learn how leading funds have achieved success in the world's most resilient growth engine. Register now, for the opportunity to network with Asian-based firms and some of Europe's largest institutional investors who are looking to expand their portfolios and contacts in Asia.
Date: 13 June 2013
Venue: Commonwealth Club, London