KKR has reduced its offer for Australian accounting software provider MYOB and is now willing to buy all the shares it doesn’t already own at a valuation of A$2 billion ($1.43 billion).
The private equity firm made an unsolicited offer of A$3.70 per share in October after building up a 19.9% interest in the company. This included a 17.6% holding purchased from Bain Capital for A$3.15...
Ascendent Capital Partners has joined Xuan Ruiguo, the chairman and founder of Hong Kong-listed industrial control systems maker China Automation Group, in a take-private offer that values the company at HK$1.5 billion ($197 million).
Australian investment firm Leap Capital has raised A$50 million ($34 million) for a venture debt fund that will target established, revenue-generating companies locally.
Hansoh Pharmaceutical Group, a Chinese drug developer that counts Hillhouse Capital and Boyu Capital among its investors, has raised HK$7.86 billion ($1 billion) through a Hong Kong IPO.
Fidelity International has announced plans to spin-out its proprietary investment arm Eight Roads within the year pending regulatory and shareholder approvals.