Apollo Global Management has agreed to buy half of Leighton Holdings’ maintenance services business, generating cash proceeds of around A$700 million ($573 million) for the Australian...
Australasia | 19 Dec 2014 |
CITIC Capital Partners has exited Japanese bone china and tableware manufacturer Narumi Corporation to Ishizuka Glass for JPY4.3 billion ($36.2 million).
Exits | 19 Dec 2014 |
JKL Partners and a unit of South Korean agricultural conglomerate Harim Group have been named by a local court as the preferred bidder for bankrupt shipper STX Pan Ocean.
Buyouts | 18 Dec 2014 |
US auto parts maker Visteon Corp. has agreed to sell a 70% stake in its South Korea-based subsidiary Halla Visteon Climate Control Corp. (HVCC) to Hahn & Co. and Hankook Tire for around $3.6 billion.
North Asia | 18 Dec 2014 |
Mitsui & Co. has acquired a 44% stake in the Myanmar business of Maxpower Group, a Southeast Asia –focused gas power plant developer backed by Standard Chartered Private Equity (SCPE).
Industrials | 17 Dec 2014 |
Australian mining industry supplier Bradken has agreed to open its books to Pacific Equity Partners (PEP) and Bain Capital following the private equity firms’ offer to buy the company.
Australasia | 12 Dec 2014 |
The Oman India Joint Investment Fund (OIJIF) has invested INR950 million ($15.3 million) in GSP Crop Science, an Indian agro-chemicals company.
South Asia | 12 Dec 2014 |
The Riverside Company has bought Malaysian chemical distributor Drex-Chem Malaysia (DCM) for an undisclosed sum in its first ever Southeast Asia investment.
Southeast Asia | 12 Dec 2014 |
CDH Investments’ acquisition of Nanfu Battery is a rare carve-out from a multinational in China, and an even rarer example of a PE firm returning to back a former portfolio company
Buyouts | 10 Dec 2014 |
The Carlyle Group and Unison Capital are to exit their stake in Covalent Materials, a Japanese semiconductor materials manufacturer, to US ceramics group CoorsTek.
North Asia | 10 Dec 2014 |
Zoomlion Heavy Industry Science & Technology, China’s biggest construction equipment marker, has agreed to buy back a 2.19% stake in itself from Hony Capital for RMB843 million ($136 million).
Greater China | 10 Dec 2014 |
Tough climatic challenges are in store for South Australia, already the nation's driest state. Agriculture, which is worth more than $5 billion each year to the state, will increasingly be affected by rising temperatures and reduced rainfall.
Australasia | 10 Dec 2014 |
Hainan Mining, an iron ore miner owned by Chinese conglomerate Fosun International, is set to raise RMB1.9 billion ($308 million) through an IPO in Shanghai.
Greater China | 08 Dec 2014 |
Agribusiness-focused Indian GP Rabo Equity Advisors has raised $80 million for its second fund - India Agri Business Fund II - and expects to reach the $100 million mark in the next few months.
Industrials | 05 Dec 2014 |
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The outlook for the Australasian market is positive as a record number of IPO exits have provided strong returns for investors and has proven that PE can outperform listed equities and compete with global divestment figures. Fundraising in terms of dollar value has been high but the number of PE funds successfully raising new commitments has declined as investors flock to the best in class.
This is an intriguing time for Australasian PE as the industry continues to mature. GPs must evolve, diversify and display skills to drive value in a low-growth environment and justify future commitments when competing on a global state by achieving world-class results from current deals and exits.
4-6 March 2015, The Westin, Sydney
The AVCJ Indonesia Forum is back for a fourth year! Mark your calendars now and join us on March 24th, 2015 in Jakarta at Indonesia's longest running, largest and most prestigious industry gathering.
The market is relatively optimistic as a new government that is viewed favourable to a balanced investment arena is introduced and we see an increase in deal activity. The hopes for a flourishing PE market amid the euphoria of 2012 has not yet been realised but the potential is still present and now may well be the time for the country to take off in its own right and increase its reputation as THE hot market in Southeast Asia.
24 March 2015, Grand Hyatt, Jakarta