Buyouts
DCP closes debut China fund at $2.5b
DCP Capital – a PE firm established by David Liu (pictured) and Julian Wolhardt, who previously held leadership positions with KKR in China – has closed its debut fund with around $2.5 billion in commitments. It comprises a US dollar-denominated tranche...
Jade Invest acquires China's Pudow Water
Chinese mid-market private equity buyout firm Jade Invest has acquired a controlling stake in Shanghai-based water purification company Pudow Water for an undisclosed sum.
INCJ-backed Japan Display agrees $2.1b foreign bailout
Japan Display, an electronics supplier backed by Innovation Network Corporation of Japan (INCJ), has agreed a JPY232 billion ($2.1 billion) bailout, including an approximately $714 million investment from China’s Harvest Fund Management.
Bain falls short in tender offer for Japan's Kosaido
The proposed JPY17.4 billion ($157 million) acquisition of Japanese printing and IT services provider Kosaido by Bain Capital has reached an impasse after the private equity firm’s tender offer failed to win sufficient shareholder support.
1Q analysis: China malaise
First quarter analysis: China uncertainty hits PE investment; public market instability holds back IPOs; distress strategies underpin India fundraising as commitments to China-focused managers plummet
Deal focus: Everstone revisits India’s hospitals
Everstone Group acquires Sahyadri Hospitals to serve as the seed asset for a planned national healthcare delivery strategy
China's acquisitive conglomerates: Tables turned
The troubles at China's HNA Group, Wanda Group and Anbang Insurance have removed a once popular exit channel for private equity, but now GPs may see these companies as a source of deal flow
Everstone acquires IDFC-backed India hospital chain
India’s Everstone Group has agreed to acquire a controlling stake in Sahyadri Hospitals, a portfolio company of IDFC Alternatives that operates eight hospitals in Maharashtra, for an undisclosed amount.
Actis-backed Sprng acquires India solar portfolio
Sprng Energy, an Indian renewable energy platform backed by Actis Capital, has acquired a 194 megawatt portfolio of operating solar power assets from SP Infra, the infrastructure investment arm of Shapoorji Pallonji Group.
Asia's lower-tier cities: New horizons
PE and VC players are slowly discovering the investment and business expansion opportunities in the lower-tier cities of developing Asia. Risk-reward calculations are becoming more complex in the process
Longreach agrees Hong Kong medical devices buyout
The Longreach Group has announced the third investment from its recently closed third mid-market buyout fund, with an agreement to acquire contract development and manufacturing organization (CDMO) Quasar Engineering.
RRJ takes full ownership of Gategroup from HNA
RRJ Capital has agreed to take full ownership of Gategroup, an airline catering provider owned by troubled Chinese conglomerate HNA Group.
CICC-TPG fund acquires French auto supplier
China Synergy Fund, the dual currency investment vehicle established earlier this year by TPG Capital and CICC Capital, has agreed to acquire Electropoli, a provider of surface treatment services, from French automotive conglomerate Impala Group.
CDIB makes $61m tender offer for Taiwan's Jintex
CDIB Capital, the private equity arm of China Development Financial, has launched a tender offer for Taiwan-based chemical producer Jintex that values the company at NT$1.87 billion ($60.5 million).
CHAMP PE buys Australian defense sector supplier
CHAMP Private Equity is set to become the first Australian GP to invest in a company with significant exposure to the local defense sector, following an agreement to acquire a majority stake in Marand Precision Engineering.
Australia’s BGH closes in on Navitas buyout
Australian education services provider Navitas has agreed to a A$2.1 billion ($1.5 billion) buyout offer from BGH Capital, AustralianSuper, and Rod Jones, the company’s co-founder and CEO.
Dymon makes $145m take-private offer for Singapore's Challenger
Dymon Asia Private Equity (DAPE) has submitted a take-private offer for Singapore-listed digital marketing services provider Challenger Technologies that values the company at about S$195 million ($145 million).
Acuris buys Asian investigations firm Blackpeak
Blackpeak, an Asia-based investigative research firm that counts a number of PE players among its clients, has been acquired by Acuris, the parent company of AVCJ.
Deal focus: CLSA teams up with ‘Chanel for children’
CLSA Capital Partners goes niche in Japan’s retail space with the acquisition of premium toymaker Bloom Group. A range of strategic and operational value-add measures are on the table
FOMO is the biggest risk for China investors - AVCJ Forum
The best way for private equity and venture capital investors to manage their China risk is to not deploy capital if they are only motivated by a fear of missing out (FOMO), GPs told the AVCJ China Forum.
China PE investors prioritize long-term development - AVCJ Forum
Long-term structural reforms rather than short-term issues regarding trade tensions and liquidity preoccupy China-focused private equity investors, though they are happy to take advantage of any immediate moderation in valuations.
Warburg Pincus to buy India education finance business
Warburg Pincus has agreed to acquire an 80% stake in Avanse Financial Services, an India-based non-banking finance company (NBFC) focused on education.
Unison to exit Japan's Ayumi to Blackstone
The Blackstone Group has made its first transaction in Japan, agreeing to acquire Ayumi Pharmaceutical Corporation from Unison Capital and medical information site operator M3.
CLSA buys Japanese toy maker
CLSA Capital Partners (CLSA CP) has agreed to buy Bloom Group, a Japanese toy manufacturer best known for its “squishy” products popular among elementary and middle-school-age girls.
