Buyouts
VinaCapital acquires Singapore fintech player Smartly
Vietnam’s VinaCapital has acquired the operations of Singapore financial technology platform Smartly for an undisclosed sum.
Southeast Asia PE: Integration angst
Slow progress in the effort to improve Southeast Asia’s multilateral economic cooperation reveals deep rooted challenges for investors, including cultural and regulatory barriers
PAG buys Australia's Craveable Brands from Archer
Australian quick service restaurant chains Oporto, Red Rooster and Chicken Treat have their third consecutive private equity owner after PAG Asia Capital bought the business from Archer Capital.
Southeast Asia buyouts: Flexibility first
Southeast Asia has yet to deliver a consistent stream of large-cap buyout deals. Private equity investors must be creative, flexible and patient in trying to crack the market
2Q analysis: Mixed fortunes
Second quarter analysis: Spin-outs reflect challenges for China fundraising; weak buyout activity continues to hold back Asia PE investment; Korea heads the exit charts as China falls back
EQT makes $449m offer for Singapore hospital operator
EQT Partners has made a take-private offer for Singapore-listed hospital operator Health Management International (HMI) that values the company at S$611 million ($449 million).
Quadrant set for debut deal from Australia growth fund
Australia’s Quadrant Private Equity has made the first investment from its new growth fund, with an agreement to acquire domestic auction sites Graysonline and AreYouSelling for A$60 million ($42 million).
Next to buy Australia hospitality equipment business
Australia’s Next Capital has agreed to privatize local hospitality industry equipment provider Silver Chef in a deal worth at least A$27 million ($19 million).
US-India cross-border: Taking the leap
US-India cross-border deals present a tempting opportunity for Indian GPs, but managing investments in another market requires careful use of resources and a level of commitment that not all firms can match
Q&A: Gaja Capital's Gopal Jain
Gopal Jain, co-founder and managing partner at Gaja Capital, discusses the growing appetite among US institutional investors for Indian private equity and the country’s attraction for US strategic players
GPs anticipate rich flow of Japanese divestments - AVCJ Forum
The corporate carve-out opportunity in Japan is sizeable and sustainable, despite relatively lackluster large-cap deal flow in 2018, industry participants told the AVCJ Japan Forum.
Bain agrees Japan human resources carve-out
Bain Capital Private Equity has agreed to acquire 100% of the human resources (HR) business and related subsidiaries of Japan corporate software developer Works Applications for an undisclosed sum.
China GPs: The Centurium strategy
After more than a decade with Warburg Pincus in China, David Li struck out on his own with Centurium Capital. Applying technology to traditional business models is central to his investment thesis
India secondaries: Mixed signals
India has skirted around an expected boom in secondaries activity for the past couple of years, but investors haven’t lost faith in the narrative’s eventual unfolding. The devil will be in the details
Singapore's PE-backed Trax secures US retail tech bolt-on
Trax, a Singapore-based developer of retail computer vision and analytics solutions with several private equity backers, has acquired US-based shopping rewards app developer Shopkick for an undisclosed amount.
IIFL acquires Indian eyecare chain
IIFL Asset Management (IIFL AMC) has acquired a majority stake in Infigo Life Sciences, operator of a chain of eyecare centers in India.
The 20-year review
AVCJ's Japan Forum has been going for two decades, a period during which the industry has embarked on several roller-coaster journeys. For now, though, the market appears to be in good health
Unison buys Japanese hair treatment specialist
Unison Capital has acquired Pyuru, a Japanese producer of hair care and cosmetics products best known for a naturally-derived treatment for graying hair.
Japan secondary buyouts: Between friends
Negative perceptions and local sensitivities have stymied the development of secondary buyouts in Japan. International GPs – plus some of their domestic peers – have the firepower to drive change
Japan’s Aspirant leads $223m manufacturing carve-out
Japanese private equity firm Aspirant Group has led the 100% acquisition of a copper tubing subsidiary of diversified industrial manufacturer UACJ Corporation for about JPY24 billion ($223 million).
Revitalizing Japan's conglomerates: Big ticket
Japan’s manufacturing conglomerates are continuing to define the economy as they either adapt or succumb to new technology trends. The process is adding a new ripple to the local carve-out market
Q&A: Ripplewood's Tim Collins
A Ripplewood Holdings-led consortium broke new ground for private equity with the turnaround of Long-Term Credit Bank of Japan. CEO Tim Collins explains why he boldly goes where others fear to tread
Ascendent backs $197m take-private for China Automation
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).
Baring-owned Hexaware announces $182m US bolt-on
Hexaware Technologies, an Indian IT services company majority-owned by Baring Private Equity Asia, has acquired US-based digital consultancy firm Mobiquity for a total consideration of $182 million.
