M&A
Bright Food, Lion Capital in talks over Weetabix sale – report
China’s Bright Food Group is being lined up as a potential buyer for Weetabix, the UK-based cereal company currently owned by Lion Capital. The private equity firm has reportedly been in talks with Bright Food for several weeks over a deal that would...
Japan’s Asahi favorite to buy StarBev from CVC – report
Asahi has reportedly emerged as the frontrunner to buy east European brewer StarBev from CVC Capital Partners in a deal worth up to $3 billion. It is another indication of Japanese corporates’ interest in expanding overseas, offering an exit opportunity...
South Korea’s Hi-Mart attracts interest from Tesco – report
Hi-Mart, the South Korean electronics retailer that Affinity Equity Partners exited in 2008, is about to change hands once again, with UK retailer Tesco tipped to bid for the asset. Several South Korean retailers are also said to be interested, as are...
Sony, Toshiba get state funding for outbound investment
Sony Corp. and Toshiba Corp. will be the first companies to receive capital from a $100 billion government fund set up last year to finance overseas acquisitions and minimize the impact of a rising yen. The strength of Japan’s currency has hurt export...
Abraaj Capital buys Aureos to boost emerging markets exposure
Abraaj Capital has acquired Aureos Capital, creating an entity with approximately $7.5 billion in assets under management and 150 investment professionals across 30 countries. The purchase enables Dubai-headquartered Abraaj, which focuses on the Middle...
VC-backed Flipkart buys rival Indian e-commerce site
Indian online retailer Flipkart has purchased rival e-commerce platform Letsbuy.com for an estimated $25 million. Both companies are backed by Tiger Global Management and Accel Partners, but no details were disclosed on the structure or value of the transaction.
Grant Thornton India hires Munesh Khanna as senior partner
Accounting firm Grant Thornton India has hired Munesh Khanna as its new senior partner for M&A and private equity in the country.
Indian tractor company seeks private equity investors
Indian tractor maker International Tractors (ITL) is reportedly in talks with global private equity investors to sell a 10% stake in itself for up to INR5 billion ($103 million).
Saab ends investment agreement with Chinese firms
Swedish Automobile has terminated an agreement to sell a majority stake in Saab to two Chinese companies, leaving the carmaker reliant on a $70 million commitment from US private equity firm North Street Capital to cover its immediate expenses.
Milestone Capital approached with merger, buyout offers
Milestone Capital Advisors is considering a merger or buyout that has the potential to be the largest transaction ever seen in India’s private equity industry. It comes two months after Ved Prakash Arya, Milestone’s founder and CEO, died in a freak...
Corporate Japan looks for growth overseas
Japanese companies need to take on the world. Local private equity professionals at the 2011 AVCJ Private Equity & Venture Forum Japan conference in Tokyo, which I am chairing, see globalization as the major current theme for corporate Japan. Indeed,...
South African hospital firm invests in India's Max Healthcare
South African hospital chain Life Healthcare will acquire at 26% stake in Max Healthcare for INR5.16 billion ($104 million) in what is one of the largest foreign investments in India’s healthcare sector.
White & Case hires Alex Zhang as head of M&A in China
New York-based law firm White & Case has appointed Alex Zhang, a former partner at Jones Day in Shanghai, as head of its Shanghai office and head of its China corporate M&A practice.
Alibaba, Temasek in talks over Yahoo deal – report
Alibaba Group has held discussions with Temasek Holdings about supporting the purchase of Yahoo’s 40% stake in the Chinese company.
Yahoo examines options for exiting Japanese business – report
Yahoo is close to unloading its 35% stake in Yahoo Japan and it is thought that a sale could happen relatively quickly, potentially simplifying decisions about the US firm’s wider prospects.
Alibaba’s Jack Ma wants to buy Yahoo
Jack Ma, the founder and CEO of Chinese technology company Alibaba Group, is interested in buying Yahoo and has held discussions with other potential buyers about options.