Bain Capital Private Equity is set to exit Domino’s Pizza Japan, having exercised a put option requiring Domino’s Pizza Enterprises (DPE) - which acquired a majority interest in the business in 2013 – to buy its 25% stake.
SoftBank's global technology fund is significant enough to redraw the private equity investment opportunity in certain industries, if not to redraw the industries themselves
Gree Ventures, which was set up by Japanese mobile gaming company Gree, has closed its second early-stage VC fund at $67 million.
MBK Partners has agreed to buy Modern House, the household and consumer goods unit of Korean retail giant E-Land Group, for KRW700 billion ($626 million).
South Korean memory chip manufacturer SK Hynix has joined a group that is bidding for Toshiba’s Nand flash memory business amid reports that Bain Capital has submitted an offer of $10 billion for the asset.
SoftBank Group Corp. has reached a first close of more than $93 billion on its global technology investment fund. A final close of $100 billion is expected within six months.
Energy-focused private equity firm Prostar Capital and its co-investor BlackRock have acquired Korean gas distributor Kyungnam Energy, facilitating an exit for local GP Anchor Equity Partners.
From Scratch, a Japanese digital marketing platform, has raised approximately JPY3.2 billion ($28.4 million) in funding from Innovation Network Corporation of Japan (INCJ) and Rakuten Ventures, as well as several existing investors.
Samyang Optics, a Korea-based camera lens manufacturer owned by VIG Partners, is seeking to raise as much as KRW82.4 billion ($73.5 million) through a domestic IPO.
MBK Partners has sold part of its stake in Korean water purifier business Coway – having abandoned plans for a full exit last year – generating proceeds of approximately KRW370 billion ($330 million).
J-Star has purchased the tutoring businesses of Japan’s Alpha Corporation for an undisclosed amount.
Korea Investment Corporation (KIC) hiked its alternatives allocation from 12.4% to 13.7% - reaching $15.1 billion - over the course of 2016 as the overall portfolio posted a positive return following an investment loss in 2015.
Highland Capital Management has raised approximately $147 million for an Asia and North America-focused healthcare fund, having received an anchor LP commitment from South Korea’s National Pension Service (NPS).
Endeavour United, a fund established by the turnaround investor Phoenix Capital, has agreed to buy Pizza Hut Japan and Phoenix Foods from Mitsubishi Corporation-controlled KFC Holdings Japan.
Japan’s buyout space has been thrust into the spotlight following a flurry of fundraising activity by domestic private equity firms. Can the middle market retain its sweet spot status?
CLSA Capital Partners (CLSA CP) has become the seventh private equity firm to close a Japanese mid-market fund since the start of the year, hitting the hard cap of $400 million for its third vehicle.
Japanese financial services group Orix Corp. has agreed to buy a 22.1% stake in Israeli geothermal energy producer Ormat Technologies for $627 million from an investor group led by PE firm FIMI Opportunity Funds.
South Korean biopharmaceutical developer ExoCoBio has raised an $11 million Series A round from investors including SBI Investment, Atinum Investment, ID Ventures, and Dt&Investment.
China Minsheng Investment Group (CMIG), the largest privately-held investment group in China, has initiated a new fund that could raise up to $15 billion for investment in overseas projects under the government-backed "One Belt One Road" initiative.
Polaris Capital Group has hit the hard cap of JPY75 billion ($665 million) for its fourth Japan fund, becoming the third Japanese mid-market GP to announce a final close in the space of a week, and the sixth since the start of the year.
CVC Capital partners has named Nobuaki Kurumatani, a former executive at Sumitomo Mitsui Financial Group, as the president of its Japan operations.
Advantage Partners has reached a final close on its fifth Japan-focused mid-market buyout fund at the hard cap of JPY60 billion ($535 million).
J-Star has closed its third Japan-focused buyout fund at the hard cap of JPY32.5 billion ($291 million), having launched the vehicle last summer with a target of JPY30 billion.
HQ Equita, a Germany-based mid-market buyout firm controlled by HQ Capital, has agreed the sale of transportation industry supplier Isolite to Japan’s Hitachi Chemical.