
Carlyle exits Korean garment manufacturer

The Carlyle Group has agreed to sell its majority stake in Korean apparel manufacturer Yakjin Trading Corporation to domestic fashion giant JS Corporation for around KRW14.3 billion ($12 million).
The private equity firm acquired a 70% stake in Yakjin seven years ago at a valuation of approximately KRW200 billion. Carlyle committed capital from its 2008 vintage Asia growth fund, which closed at...
Latest News
Carlyle faces activist challenge to Japan Asia Group deal
An investment firm with ties to renowned Japanese activist investor Yoshiaki Murakami is challenging The Carlyle Group’s JPY37 ($355 million) bid for Japan Asia Group by launching a tender offer of its own.
Hong Kong regulation: Carry on
The proposal to place a 0% tax on carried interest has been welcomed in Hong Kong, but PE industry participants are quietly looking to Hong Kong Monetary Authority to ensure balanced execution of the policy
Fund focus: Oceanpine opens to external capital
Technology and healthcare-focused Oceanpine Capital sees the large GP commitment to its fund and the network of its founder as key differentiators in a competitive Chinese market
CPE, SDIC lead $46m round for China's Jaka Robotics
Chinese industrial robot manufacturer Jaka Robotics has raised RMB300m ($46m) in Series C funding led by CPE and State Development and Investment Corporation (SDIC).