buyout
Longreach buys jeweler Primo Japan from Baring Asia
North Asia-focused GP The Longreach Group has acquired Primo Japan from Baring Private Equity Asia, with a view to expanding the bridal jewelry specialist into mainland China.
Canada’s Fairfax Financial raises $1b for India investment unit
Canada-based Fairfax Financial Holdings has raised $1 billion for its recently-formed India investment unit through a combination of an IPO and a private placement.
Alvarez & Marsal adds transaction advisory to Asia services offering
Alvarez & Marsal (A&M) is expanding its Asia operations with the addition of a pre-investment due diligence unit to complement existing performance improvement, turnaround management and business advisory services.
Japan's Integral to refinance bankrupt airline
Japanese GP Integral Corp. has agreed to refinance ailing domestic airline Skymark which filed for bankruptcy protection this week.
PE buyout talks with Australia's Bradken fall through
Pacific Equity Partners (PEP) and Bain Capital have pulled their take-over bid for Australian mining industry supplier Bradken due to volatility in the commodities market.
VIDEO: Bain Capital's John Connaughton
Global buyout deal flow reached $332 billion in 2014, the highest annual total in seven years according to Preqin, in part thanks to cheap credit in the US. However, John Connaughton, managing director at Bain Capital, argues that the market has yet to...
India's Suzlon sells German unit to Centerbridge
Suzlon Energy, an India-headquartered wind-turbine manufacturer, has sold its German subsidiary - Senvion - to Centerbridge Partners in EUR1 billion ($1.16 billion) deal.
China's Hosen buys US beef processor
Chinese agritech-focused PE firm Hosen Capital has acquired Ruprecht, a US beef processor, for an undisclosed sum.
Talent shortages, financing issues hinder China buyouts
Buyout transaction value in China is 10 times larger than nine years ago, but executing deals is still challenging in terms of getting financing and placing the right operational expertise with portfolio companies.
Portfolio: J-Star and Primagest
Primagest is a long-standing leader in Japan's document-scanning industry, but it faces challenges in terms of a transition in leadership and staying relevant as technology evolves. J-Star is providing support
PE adapts to China's new normal
China's economy grew at its slowest pace in 24 years in 2014 with GDP expanding by 7.3%. Most economists regard the current situation as a symptom of a “new normal” as China continues its transition from the world’s factory to the world’s most...
Creador, SMRT seek buyout of Malaysia’s Masterskill Education
Creador and SMRT Holdings have agreed to buy a 30.75% stake in Malaysia-based Masterskill Education Group from the major shareholder for MYR69.4 million ($19.2 million) and now plan on completing a full buyout of the business.
Club Med board recommends Fosun consortium's renewed offer
The board of French vacation resort operator Club Méditerranée (Club Med) has recommended that shareholders accept the most recent takeover offer from a consortium led by China's Fosun International.
4Q analysis: Still selling
Trade sales keep the exit market ticking over; big ticket tech deals make their presence felt, but buyouts dominate the investment environment; weakness in China pegs back Asia fundraising
VIDEO: Advantage Partners' Richard Folsom
With an increasing number of Japanese companies looking to expand overseas, strategies to support these efforts feature more prominently in Advantage Partners' investment theses, according to Richard Folsom, the Tokyo-based GP's representative partner
Carlyle promotes Hiroyuki Otsuka to partner in Japan
The Carlyle Group has promoted Hiroyuki Otsuka, a member of its Japan buyout team, to partner as part of global round of 59 appointments, including five in Asia.
Hony scraps plan to purchase Chongqing hotpot chain
Hony Capital has abandoned its plan to buy Chongqing Cygnet Hotpot, a Chinese hotpot restaurant chain backed by Sequoia Capital and SIG Asia.
Dentsu challenges take-private of China’s Charm Communications
The CMC Capital-backed privatization of Charm Communications is being challenged by Dentsu Aegis, which refused to accept the terms for the acquisition of its minority stake in the Chinese advertising agency.
Jafco exits shredder maker to Japan Industrial Solutions
Jafco has exited Meiko Shokai, a Japanese manufacturer of document shredders, to turnaround specialist Japan Industrial Solutions (JIS) for an undisclosed sum.
NZ Super, Infratil target aged care integration
Morrison & Co, an investment manager of New Zealand-listed infrastructure fund Infratil, has been looking into Australian retirement village space for a while. In early 2014, it approached RetireAustralia, the country’s fourth-largest player, as a potential...
MSPEA enters the China hospital space
To Homer Sun, CIO at Morgan Stanley Private Equity Asia (MSPEA), the current climate in China’s hospital services space is reminiscent of pharmaceuticals circa 2008. Government policy was pushing the industry towards consolidation and MSPEA capitalized,...
China outbound: More haste, less speed
Much is expected of Chinese private equity firms in terms of cross-border acquisitions in Europe and the US. While broader economic dynamics point to more deal flow, the GPs themselves are moving with caution
TPG, PAG consortium merges DTZ with Cassidy Turley
TPG Capital, PAG Asia Capital and their co-investor Ontario Teachers’ Pension Plan (OTPP) have followed up their acquisition of DTZ, the property services arm of Australia-listed UGL, with the purchase of US-based Cassidy Turley.
Fosun consortium set to win battle for Club Med
A consortium led by Fosun International looks set to emerge victorious from the long-running battle for Club Méditerranée (Club Med) after rival bidder Global Resorts withdrew from the process.