Shares in Skylark, the Japanese restaurant operator backed by Bain Capital, fell by nearly 4.8% on the first day of trading on the Tokyo Stock Exchange (TSE) following a JPY75.1 billion ($686.2 million) IPO.
Exits | 09 Oct 2014 |
Navis Capital Partners has acquired a majority stake in Modern Star, an Australian B2B distributor of education resources to early childhood centres and schools, for an undisclosed amount.
Australasia | 09 Oct 2014 |
CDH Investments has agreed a buy Fujian Nanping Nanfu Battery, China’s leading manufacturer of alkaline batteries, from Procter & Gamble (P&G) in one of the largest PE corporate carve-outs ever seen in the country.
Buyouts | 09 Oct 2014 |
The Blackstone Group and Indian developer Embassy Property Developments have acquired a 73% stake in Bangalore-based project comprising the Four Seasons Hotel and a luxury home development from Goldman Sachs.
South Asia | 07 Oct 2014 |
China’s Anbang Insurance Group has agreed to buy the Waldorf Astoria hotel in New York from Hilton Worldwide Holdings, a portfolio company of The Blackstone Group, for $1.95 billion.
Buyouts | 07 Oct 2014 |
The board of directors of Club Méditerranée (Club Med), the France-based vacation resorts operator, unanimously recommended that shareholders should accept an improved takeover bid from Chinese conglomerate Fosun International and its partners.
Greater China | 07 Oct 2014 |
Marunouchi Capital - the private equity arm of Mitsubishi Corp - has exited Japanese high-end supermarket chain Seijo Ishii to convenience store operator Lawson for JPY55 billion ($501 million) including debt.
Buyouts | 06 Oct 2014 |
Tech-focused GP Vista Equity Partners has agreed to buy TIBCO Software, the US-listed business software provider founded by Indian entrepreneur Vivek Ranadivé, in a deal worth $4.3 billion including debt.
South Asia | 06 Oct 2014 |
Greater China and Southeast Asia-focused private equity firm Shaw Kwei & Partners has paid $17 million for a 60% stake in Singapore marine logistics firm Amos International.
Southeast Asia | 06 Oct 2014 |
Southern Capital Group has agreed to acquire a majority stake in United Engineers’ Singapore-listed engineering and construction division for S$230.2 million ($180 million) in cash.
Buyouts | 06 Oct 2014 |
A consortium of investors including Archer Capital is subject to a civil action launched by New Zealand’s Financial Markets Authority (FMA) over an unsuccessful bid for Abano Healthcare Group.
Regulation | 06 Oct 2014 |
Affinity Equity Partners has secured its debut Malaysia investment after agreeing to buy a significant minority stake in poultry producer Leong Hup International in a deal that values the company at around $600 million excluding debt.
Expansion | 30 Sep 2014 |
Australia’s Treasury Wine Estates (TWE) has ended talks with two private equity suitors, TPG Capital and a consortium comprising KKR and Rhône Capital, after deciding the offer was too low.
Consumer | 29 Sep 2014 |
CHAMP Private Equity is in talks with New Zealand-based chemicals manufacturer Nuplex Industries over the potential acquisition of its distribution and plastics additives businesses.
Buyouts | 25 Sep 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