AXA Private Equity Asia
Fosun, Ardian withdraw Club Med bid
Chinese conglomerate Fosun International and Ardian Private Equity have withdrawn their takeover bid for French-based vacation resorts operator Club Méditerranée (Club Med).
Ardian raises largest ever global secondaries fund
Ardian, known as Axa Private Equity until it spun out last year, has raised $9 billion for its latest global secondaries fund.
Axa spins off private equity unit
Axa Private Equity - now renamed Ardian - has completed its spin-out from the Axa Group in deal which values the unit at EUR510 million ($690 million).
Fosun, Axa's Club Med takeover delayed
Axa Private Equity and China’s Fosun International have suffered a setback in their takeover of France-based vacation resort operator Club Méditerranée (Club Med), as French regulators decided not to rule on shareholder opposition to the deal before...
Axa-owned Novacap chemicals group makes China acquisition
AXA Private Equity-backed French chemicals group Novacap, is to acquire a majority stake in Taixing Yangzi Pharm Chemical (Yangzi), one of the leading Chinese producers of a chemical mainly used for the production of paracetamol. Financial terms of the...
Fosun, Axa French Club Med buyout extended
The French financial markets authority, Autorité des Marchés Financiers (AMF), has extended a takeover of France-based vacation resort operator Club Méditerranée (Club Med) by China’s Fosun International and Axa Private Equity after shareholder...
Axa to exit Arkadin to Japan's NTT
Axa Private Equity has entered exclusive negotiations with Japan's NTT Communications Corporation to sell its stake in collaboration software as a service (SaaS) provider Arkadin.
France approves Fosun ClubMed takeover
The French financial markets authority, Autorité des Marchés Financiers (AMF), has approved the takeover of France-based vacation resort operator Club Méditerranée (Club Med) by Chinese conglomerate Fosun International and Axa Private Equity.
Fosun, AXA sweeten buyout offer for Club Med, win board support
Chinese conglomerate Fosun International and Axa Private Equity have increased their takeover bid for France-based vacation resorts operator Club Méditerranée (Club Med). The new bid, worth EUR557 million ($729 million), has won favor with the company’s...
PE-backed Bharti Infratel set for IPO next month – report
Bharti Infratel, the Indian telecoms infrastructure subsidiary of Bharti Airtel, is expected to launch its $900 million IPO next month. The intended flotation – which has been mooted for more than a year – will be the country’s largest in two years...
AXA PE opens Beijing office, reaches halfway point on third Asia fund
AXA Private Equity has opened an office in Beijing as part of efforts to boost north Asia exposure as it seeks to raise $500-600 million for a third regional fund. With AXA Capital Asia II now 80% deployed, the firm reached a first close of $300 million...
SEC approves Volcker rule as market watchers express concerns
Concerns are being raised that the Volcker rule, which limits bank exposure to asset classes such as a private equity, will be postponed or weakened by lobbyists and that some forms of proprietary trading will be exempted completely. The rule was approved...
AXA buys $500m in LP interests from Mizuho – report
AXA Private Equity has agreed to buy LP interests worth $500 million from Mizuho Financial Group. The commitments concern about 20 US and European buyout funds managed by the likes of Blackstone Group, KKR, BC Partners and EQT Partners.
AXA tipped to sell private equity unit for around $670m
French insurer AXA has put its private equity unit up for sale in order to focus on its core insurance business.
AXA, LGT buy $901m in secondary assets from German bank
AXA Private Equity and LGT Capital Partners have acquired a EUR620 million ($901 million) private equity portfolio from Germany’s HSH Nordbank. The portfolio is said to include stakes in about 47 private equity funds, including European vehicles managed...
AXA Private Equity raises $3b for secondary fund
AXA Private Equity has raised $3 billion for its latest secondary fund. It is targeting a final close of $3.5 billion for AXA Secondary Fund V, having set the hard cap at $4 billion, the Wall Street Journal reported, citing a person familiar with the...
European banks tipped to dispose $45m in PE assets by 2014
European banks could divest up to $45 billion in private equity assets within three years, according to Thomas Liaudet, a partner at Campbell Lutyens. Financial institutions are looking to rid themselves of non-core assets as they restructure their businesses...
AXA buys CBs in China funeral services company
AXA Direct Asia II, LP, has announced in a filing with the Hong Kong Stock Exchange, that it will pay $12.5 million to subscribe to zero coupon convertible bonds of Sage International, a Chinese company engaged in funeral services. The bonds can be converted...
General Mills to acquire Yoplait stake - reports
The months’ long competition for 50% ownership of global yogurt brand Yoplait is reportedly reaching its end, with industry giant General Mills said to have sealed the acquisition deal for $2.2 billion, besting rivals including PE players and China’s...
Bright Food on Yoplait's shortlist - reports
The hard-fraught competition to acquire a 50% stake in PE-backed Yoplait is reportedly nearing a close, with Chinese food brand Bright Food Group Co. said to remain a contender for the acquisition, competing against the likes of global food giants Nestle...
Chinese food groups are outdoing PE in industry M&A
Formidable Chinese corporations have garnered attention for their rising status and robust earning potential, but major players have largely been slow to acquire global brands, much less act as rivals to global PE firms in target acquisitions. That may...
Bright Food, PE may eat yogurt with Yoplait
Shanghai-based Bright Food Group Co. has entered a bid to buy 50% of French food giant Yoplait, backed by Europe-focused PE firm PAI Partners. The transaction would value the company at approximately $2.3 billion – the highest of nine bids that have...
AXA, Mandra Capital invest online apparel in Japan
AXA Private Equity, the $26 billion private equity arm of AXA Group, and Mandra Capital, a Hong Kong-headquartered investment firm, jointly invested $13 million in Glamour Sales, a members-only French online apparel retail store in Japan.
Private equity activity freeze thaws in Asia
AVCJ focuses on LP views of the region’s attractions looking ahead into 2010