buyout
Ally Bridge supports WuXi PharmaTech take-private
WuXi PharmaTech, a China-based provider of contract R&D services to the global pharmaceutical sector, has received a take-private bid led by its founder and chairman and healthcare-focused PE firm Ally Bridge Group.
India's Fortis to sell Singapore unit for $83.5m
India's Fortis Healthcare will sell its Singapore-based diagnostics arm RadLink-Asia to Fullerton Healthcare Group for S$111 million ($83.5 million).
Unison sells Asahi Tec casting assets to India's Amtek Auto
Asahi Tec, a Japanese auto-parts supplier controlled by Unison Capital, has agreed to sell a portfolio of companies covering casting and forging to India's Amtek Auto.
Denham platform Auctus offers to buy Australia’s Mungana
Auctus Minerals, an Australian mining platform set up by Denham Capital, has submitted a takeover bid for listed miner Mungana Goldmines. It values the business at A$32.5 million ($26 million).
Portfolio: IMM Private Equity and Korea's Hollys Coffee
IMM Private Equity thinks Hollys Coffee has what it takes to become a homegrown star in Korea’s fiercely competitive coffee house industry. Two years into the investment, rejuvenation efforts appear to be paying off
Ticket Monster tools up for e-commerce fight
EBay paid $1.2 billion for a dominant position in Korean online retail in 2009 with the privatization of NASDAQ-listed Gmarket. It was the leading e-commerce marketplace, accounting for KRW3.99 trillion (then $2.6 billion) of the country’s estimated...
PE and China franchising: Eat what you cook
Franchising is an effective way of establishing Western restaurant brands in China. Private equity firms have picked up on the opportunity, but it is not without risk. Local appeal and strong partners are essential
Apax to exit iGate as Capgemini agrees $4b acquisition
French IT services company Capgemini will pay $4 billion to acquire US and India-based technology and service provider iGate, facilitating a 3.7x exit for iGate's PE backer, Apax Partners.
Platinum Equity buys Chinese manufacturer Ying Shing
US private equity firm Platinum Equity has bought Ying Shing Enterprises, a Chinese company that specializes in precision tool making, injection molding and contract manufacturing, for an undisclosed sum.
Advent, Temasek to buy Crompton Greaves' consumer unit
Advent International and Temasek Holdings have agreed to buy a 34.37% stake in the consumer products unit of India’s Crompton Greaves from Avantha Group. The deal values the business at INR66 billion ($1.07 billion).
Riverside adds to Australia e-learning platform
The Riverside Company has acquired C-Learning, an Australia-based developer of online education courses, to complement its existing education asset in the country, Learning Seat.
Australia’s CHAMP PE hires ex-CVC executive
Australian GP CHAMP Private Equity has hired Graham Brooke, a former executive with CVC Capital Partners, as a managing director based in Sydney.
Integral, ANA agree joint sponsorship of Japan's Skymark
Tokyo-based private equity firm Integral Corp. has reached an agreement with local airline operator ANA Holdings to invest JPY18 billion ($150 million) in ailing Japanese carrier Skymark.
CHAMP, Yorkway to buy Australian quantity surveyor
CHAMP Ventures and Yorkway Equity Partners are set to buy a majority stake in Australian quantity surveying company BMT Tax Depreciation in a deal that values the business at around A$65 million ($50.3 million).
Leveraged finance: Coming to America?
It has become increasingly costly for private equity firms to access borrower-friendly US financing for leveraged buyouts in Asia. The US markets are fickle and volatile, but Asian banks are also stepping up
India's MakeMyTrip buys VC-backed Mygola
Indian travel site MakeMyTrip has acquired VC-backed travel planning startup Mygola.
Fosun to support Cirque du Soleil's China expansion
Chinese conglomerate Fosun International and TPG Capital have together acquired Canadian circus entertainment company Cirque du Soleil with a view to growing the business in China.
KKR, Anchor buy controlling stake Korea's Ticket Monster
A consortium led by KKR and Anchor Equity Partners has agreed to buy a controlling stake in South Korean mobile e-commerce company Ticket Monster from US-listed Groupon for $360 million.
Affinity to buy Nine's Australia events business for $496m
Affinity Equity Partners has agreed to buy Australia-based Nine Entertainment’s live events and ticketing business for an enterprise valuation of A$640 million ($496 million).
PE agrees $2.1b Australia energy carve-out
In the past 18 months, Apache has sold off more than $11 billion worth of assets, ranging from oil and gas interests in the Gulf of Mexico, Egypt and Argentina to liquefied natural gas projects in Canada and Australia. To this can be added the company’s...
Go Scale’s China angle wins Philips deal
The auction of Dutch electronics giant Philips’ LED components and automotive lighting unit that began in June of last year drew bids from a host of global buyout firms. Bain Capital and a KKR-CVC Capital Partners consortium are among those said to...
First quarter analysis: Slow start
Slower investment in the first quarter is either an historical norm or a worrying sign; fundraising flies by for the few, the majority still struggle; Asia’s exit bonanza comes to a sudden stop as trade sales weaken
Cultivating Asia carve-outs
Private equity investors agreed or completed nearly 200 buyouts in Asia last year, according to AVCJ Research. Roughly one quarter of these were carve-outs from corporate owners. South Korea, where domestic conglomerates are under pressure to divest non-core...
VC-backed Sungy receives management take-private offer
The chairman of Chinese app developer Sungy Mobile has submitted an offer to take the VC-backed company private less than 18 months after it went public on NASDAQ.