Articles by Anita Davis
Affinity completes acquisiton of Primo Smallgoods
Affinity Equity Partners has officially acquired Australian deli meats producer Primo Smallgoods with the help of A$580 million ($563 million) in financing, sources told Reuters.
Lone Star decides against Korean court appeal - report
Lone Star has reportedly decided against appealing a Korean court’s ruling that it should pay KRW25 billion ($21 million) for manipulating the stock prices of the Korea Exchange Bank in 2003.
Aureos sells Thai wastewater purification firm ECM
The Aureos South East Asia Fund has exited its stake in Thai industrial wastewater purification firm Environmental Care Management (ECM) to an undisclosed consortium of investors for $3.7 million.
Prudent Energy gets $29.5m from Asian investors
Prudent Energy, a US- and Beijing-based energy storage firm, has raised $29.5 million in an investment rounding led by Japan’s Mitsui & Co. and including Vangoo Investment Partners – which is an affiliate of Japan’s Ant Capital Partners - Asia Clean Energy...
Japanese LPs: Conservative investors
With Japanese LPs still wary of private equity investing amidst ongoing global economic uncertainty, GPs find it difficult to secure commitments
BC Partners not ruling out an IPO for Fitness First
UK-based BC Partners still plans to list gym chain Fitness First in Asia if a buyer is not found, according to sources familiar with the situation. This comes one week after the private equity investor called off Fitness First’s planned IPO in Singapore...
TA Associates invests in Asia-focused telecom firm Aicent
TA Associates has made an undisclosed growth capital investment in data network provider Aicent, which provides services to Asian telecom operators.
Japan's Murata Manufacturing acquires VTI Technologies
Private equity fund EQT III will divest its 100% stake in Finish motion sensor parts maker VTI Technologies to Japanese electronic parts maker Murata Manufacturing for JPY20 billion ($261 million).
Bain set to acquire Japan's Skylark for $3.4b
Bain Capital is finally set to acquire Japanese restaurant chain operator Skylark from Nomura Holdings for approximately JPY260 billion ($3.4 billion) including debt, after more than six months of delays.
Mekong Capital exits hotel decorator AA Corporation
Mekong Capital, a Vietnam-focused private equity fund, has exited its 100% stake in luxury furniture maker and hotel decorator AA Corporation to an undisclosed investment fund. It has achieved a gross return multiple of 2x and a gross IRR of approximately...
Lone Star Korea's former head Paul Yoo files court appeal
Paul Yoo, former head of Lone Star in Korea, has appealed to Korea’s Supreme Court over his conviction for manipulating the stock price of Korea Exchange Bank (KEB) in 2003, Dow Jones reported.
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.
Infinity links with Harbin government to invest in Israeli tech companies
Infinity Group, an Israel-based private equity firm created by China Development Bank and Israeli conglomerate IDB Group, has agreed to invest $10 million in 10 Israeli technology companies alongside the local government of Harbin.
KKR appoints former Singaporean minister as adviser
Former Singaporean politician and minister to the prime minister’s office Lim Hwee Hua has been appointed senior adviser to KKR.
Bain gets $1.1b recapitalization loan for Japan's Bellsystem24
Bain Capital has completed a JPY87.5 billion ($1.1 billion) recapitalization for portfolio company Bellsystem24, a telemarketing firm specializing in call centers, according to Basis Point.
Advantage, KKR, Olympus line up for MBK-owned Yayoi
Advantage Partners, KKR and Olympus Capital are reportedly among the potential bidders for Japanese accounting software developer Yayoi from MBK Partners.
India PE deals reach $8.57b in first three quarters of 2011
Private equity firms invested approximately $2.25 billion in 98 deals in India in the third quarter of 2011, bringing the industry’s total to $8.57 billion in 317 transactions for January-September. This marks a significant increase on the $6.4 billion...
Lone Star found guilty of manipulating KEB's stocks
A Seoul court has found US buyout fund Lone Star guilty of manipulating the stock prices of Korea Exchange Bank (KEB) in 2003, and has ordered the fund to pay KRW25 billion ($21 million) in damages.
Contour Energy gets Asia PE backing for battery development
California-based next-generation battery developer Contour Energy Systems has closed a more than $20 million Series C round of financing led Singapore-based EDBI. CMEA Capital, Harris & Harris, Schlumberger and US Venture Partners, along with new investor...
CDIB hires Justin Busarakamwong as SVP in Hong Kong
CDIB Capital, the overseas investment arm of China Development Financial Holding Corporation, has appointed former executive director at StormHarbour Securities Justin Busarakamwong as a senior vice president based in Hong Kong.
Colorado Group gets back on its feet
Is there life after receivership? The owners of Colorado Group are banking on it, and have injected A$70 million ($68.7 million) to resurrect the retail brand in the hopes of finding longevity the second time around.
Blackstone exits first property in China
The Blackstone Group has sold its first property in China, exiting its 95% stake in Shanghai’s Channel 1 shopping mall to Hong Kong-based real estate group New World Development for RMB1.46 billion ($229 million). The deal is scheduled to close in early...
Helix-backed Hi-Rel Electronics sold to Hitachi
India’s Hi-Rel Electronics, backed by Helix Investor Advisors, has been acquired by Japan’s Hitachi for an undisclosed price.
Profile: Saratoga's Sandi Uno
Saratoga Capital’s founder Sandi Uno is passionate about his country’s growth and is looking for ways to invest for the greater good