Darby Private Equity, the private equity arm of Franklin Templeton Investments, has exited its holding in Chinese furniture manufacturer Shayne International Holdings for an undisclosed sum.
Greater China | 22 Jan 2015 |
India Value Fund Advisors (IVFA) has completed a partial exit from Mahindra CIE Automotive, selling a third of its stake for about INR1.3 billion ($21 million).
South Asia | 19 Jan 2015 |
EIG Global Energy Partners has hired Yangyang Liu, formerly of China Investment Corporation (CIC) as managing director in its recently-established Hong Kong office.
People | 12 Jan 2015 |
Jafco has exited Meiko Shokai, a Japanese manufacturer of document shredders, to turnaround specialist Japan Industrial Solutions (JIS) for an undisclosed sum.
North Asia | 07 Jan 2015 |
New Silk Route (NSR) will sell shares in VRL Logistics and Providence Equity Partners and 3i Group will make partial exits from UFO Moviez as both companies filed for IPOs in India.
Exits | 24 Dec 2014 |
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 construction company.
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 |
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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