Buyouts
KKR-owned Calsonic Kansei agrees $7.1b bolt-on
Calsonic Kansei Corporation, a Japanese automotive components manufacturer acquired by KKR last year, has agreed to buy Fiat Chrysler Automobiles’ (FCA) components business for EUR6.2 billion ($7.1 billion).
Kendall Court invests $55m in Indonesia hospital operator
Kendall Court has invested $55 million in Mandaya Medical, a healthcare-focused subsidiary of Indonesian conglomerate Selaras Group, via convertible preference shares.
Deal focus: A repeat prescription for Korean shipping
Hahn & Company has secured a $3.7 billion corporate restructuring of SK Shipping with a view to implementing the same operational improvements that have proved successful with H-Line
3Q analysis: Favoring the few
Brand names dominate Asia fundraising to an unprecedented degree; China IPOs continue despite weakening markets; Taiwan, Australia and Singapore deliver an unlikely investment boost
CLSA makes Japan staffing bolt-ons
Outsourcing Investments (OSI), a Japanese business process outsourcing (BPO) firm owned by CLSA Capital Partners (CLSA CP), has acquired two domestic staffing service providers through bolt-on transactions.
Carlyle, Chinese strategic buy stake in clinical labs player Adicon
The Carlyle Group and Chinese healthcare services provider Meinian Onehealth have together invested in Adicon Holding, a local independent clinical laboratory (ICL) provider. Carlyle is now the company's single largest shareholder.
Chinese corporate-PE partnerships: Meeting of minds
Collaborative deals between private equity firms and Chinese strategic players reflects the more diverse range of corporates seeking outbound deals - and also a recognition among GPs that they need help growing newly-acquired assets in China
China outbound deal structure: Risk factors
Many Chinese A-share companies have wholeheartedly pursued outbound acquisitions, sometimes bringing in local PE funds for support. But integrating the target into the listed vehicle can be problematic
China-Europe: A sense of uncertainty
Chinese interest in European assets – from industrial technology to consumer brands – is undimmed, but certain governments, as well as the EU itself, are taking steps to protect their crown jewels
Q&A: Eurazeo's Eddie Chen
Eurazeo is a publicly-listed French private equity firm, formed in 2001 through the merger of Eurafrance and Azeo. China head Eddie Chen explains why the GP opened a Shanghai office five years ago
Hahn & Co buys Korea's SK Shipping for $3.7b
Hahn & Company has completed what is described as one of the first successful non-government led corporate restructurings in Korea’s shipping industry with the $3.7 billion acquisition of SK Shipping.
BGH consortium bids $1.4b for Australia's Navitas
BGH Capital has made a A$1.97 ($1.4 billion) bid for Australian education services provider Navitas in conjunction with AustralianSuper and Rod Jones, the company’s co-founder and CEO.
GIC-backed Greenko makes add-on acquisitions
Greenko Energy, an Indian renewable energy producer owned by GIC Private, has completed the acquisition of Orange Renewables and agreed to buy Skeiron Green Renewables. The two deals will increase Greenko’s overall operational capacity from 3.2 gigawatts...
KKR makes $1.5b bid for Australia's MYOB
KKR is looking to privatize Australian accounting software company MYOB, having acquired a substantial stake in the business from Bain Capital and made an unsolicited offer for all the remaining shares at a valuation of A$2.19 billion ($1.54 billion).
True North acquires India hair care business
Indian private equity firm True North has acquired a controlling stake in Sesa Oil, a domestic producer of hair and beauty care products.
PE consortium acquires Australia's Universal Store
Australian fashion retailer Universal Store has been acquired by venture capital firms BB Retail Capital, Catalyst Direct Capital Management, and Five V Capital.
Deal focus: Hahn & Co agrees transformative bolt-on
Hahn & Company has followed up its bumper acquisition of Hanon Systems by supporting the company in the $1.23 billion carve-out of a division from Manga International. The deal should bring more balance - and synergies - to the Hanon portfolio
J-Star buys Japanese fashion retailer
Japanese mid-market private equity firm J-Star has acquired Wego, a domestic fashion brand that has 185 stores nationwide and annual sales of more than JPY35 billion ($310 million).
Asia leveraged finance: Institutional aspirations
PE firms can obtain financing for leveraged buyouts in Asia on increasingly favorable terms, but this doesn’t necessarily point to institutionalization – or at least, not yet. For now, banks still lead the way
KKR creates China hospital platform
KKR has launched a China hospital management and investment platform – known as SinoCare Group – that will pursue a consolidation strategy in the space through a combination of acquisitions and new builds.
Hahn & Co-owned Hanon agrees $1.2b bolt-on acquisition
Hanon Systems, an auto parts manufacturer owned by Hahn & Company and formerly known as Halla Visteon Climate Control, has agreed a $1.23 billion bolt-on acquisition of Magna International’s fluid pressure and controls business.
CVC to buy legal services provider UnitedLex
CVC Capital Partners has agreed to acquire a majority stake in UnitedLex, a legal process outsourcing firm based in the US, with significant operations in India, and backed by investors including Madison Capital, Helion Venture Partners, and J.P. Morgan...
Affinity to acquire Australia's Scottish Pacific for $446m
Affinity Equity Partners has agreed to acquire Australia-listed debt and trade finance provider Scottish Pacific in a deal worth approximately A$612 million ($446 million).
Samara to buy India's Aditya Birla Retail
Samara Capital has agreed to buy Aditya Birla Retail (ABRL), the retail arm of India’s Aditya Birla Group, for an undisclosed amount.
