Buyouts
India's PE-backed Pine Labs acquires Malaysia's Fave
Pine Labs, an India payments start-up backed by MasterCard, PayPal, and Sequoia Capital India, has acquired Fave, a Malaysian counterpart also backed by Sequoia India, for $45 million.
CVC proposes acquisition of Japan's Toshiba
Toshiba Corporation has confirmed it received a buyout offer from CVC Capital Partners. Based on a reported valuation of $20 billion, it would be the largest acquisition by a private equity firm in Asia.
Unison makes two Japan healthcare acquisitions
Japan’s Unison Capital has confirmed two local healthcare deals in the space of a week with pharmacy chain Reliance and outpatient nursing provider N Field.
Portfolio: GL Capital & SciClone Pharmaceuticals
GL Capital has helped China’s SciClone Pharmaceuticals position itself for the future while continuing to monetize its key legacy drug. A Hong Kong listing was the reward
Deal focus: Rethinking Australia’s biggest resource
Adamantem Capital’s acquisition of carbon farming specialist Climate Friendly recognizes the increasing sophistication of the Australian carbon credit market as well as its room for improvement
Deal focus: Affinity to close JobKorea’s technology gap
When Affinity Equity Partners was drawing up plans for JobKorea, it found Seek’s product innovations in Australia a useful reference point. This gave context to a $795 million acquisition
Blackstone bids $6.1b for Australia's Crown Resorts
The Blackstone Group has offered to acquire 100% of Australia-listed casino and hotel operator Crown Resorts for about A$8 billion ($6.1 billion).
Australia's Adamantem acquires carbon offset company
Australia’s Adamantem Capital has acquired a controlling stake in Climate Friendly, a local carbon offset consultancy, for an undisclosed sum.
China biotech makes Asia global healthcare PE leader
A more than 100% year-on-year increase in deal volume saw Asia Pacific overtake North America to become the most active global private equity healthcare market for the first time in 2020.
Novo Tellus seeks control of Singapore-listed Procurri
Novo Tellus Capital Partners has moved to take control of Procurri, a Singapore-listed provider of IT services and data center equipment in which it acquired a minority position two years ago.
Quadrant backs Australia's TSA, Livingbridge exits
Quadrant Private Equity has invested an undisclosed sum in TSA Management, an Australia-based project consultancy business, taking out existing backer Livingbridge in the process.
Polaris buys mapping business from Japan's Pioneer
Japanese technology conglomerate Pioneer Corporation has agreed to sell Increment P Corporation – its car navigation and mapping business – to Polaris Capital Group.
TA backs Australia ETF manager BetaShares
TA Associates has added to its Australia and New Zealand financial services portfolio with an investment in BetaShares, an Australia-based exchange-traded fund (ETF) manager.
Odyssey backs Australia mountain bike business
Odyssey Private Equity has acquired a significant stake in MTB Direct (MTBD), an Australia-based online retailer specializing in mountain bikes, replacement parts, and cycling clothing and accessories.
Buyout funds: Growth paradigm
Most traditional large-cap buyout funds have become hybrids in Asia, taking minority stakes in businesses to generate deal flow in certain markets and to harness regional growth trends
PAG acquires Australia’s Unispace
PAG Asia Capital has acquired Australia-based Unispace with a view to expanding the office design and construction consultancy across Asia.
Lunar buys majority stake in Hong Kong IVF business
Chinese middle-market buyout firm Lunar has agreed to acquire a women’s health and IVF business from Mason Group, a Hong Kong conglomerate with interests in financial services and healthcare, for HK$268 million ($34.5 million).
FountainVest buys China logistics business
FountainVest Partners has agreed to acquire a majority stake in China-based CJ Rokin Logistics from Korea’s CJ Logistics for KRW733.8 billion ($661.3 million).
Primavera-led consortium takes control of Zhaopin
A consortium led by Primavera Capital has agreed to acquire a controlling position in Chinese recruitment website Zhaopin at an implied valuation of A$2.2 billion ($1.7 billion).
KKR commits $723m to Korean shipping services business
KKR has made a pre-IPO investment of KRW800 billion ($723 million) in Hyundai Global Service (HGS), the aftersales marine services arm of Korean shipbuilder Hyundai Heavy Industries Holdings (HHIH).
Deal focus: Asia Green Fund secures DuPont carve-out
Asia Green Fund reunited with the team at special situations investor BroadPeak Global for the $510 million acquisition of DuPont's clean energy unit. Driving expansion in China is now the priority
New Frontier to privatize US-listed China hospital business
The New Frontier Group-led consortium that acquired Chinese hospital operator United Family Healthcare (UFH) through a special purpose acquisition company (SPAC) in 2019 is now looking to take the US-listed business private at a valuation of around $1.6...
Carlyle abandons pursuit of Japan Asia Group
The Carlyle Group and the chairman of Japan Asia Group (JAG) have abandoned their bid for the company after a tender offer failed to generate sufficient shareholder support.
MBK targets $639m acquisition of Japan aged care business
MBK Partners has joined the list of private equity firms pursuing deals in Japan’s aged care and healthcare space, having launched a tender offer for Tsukui Holdings Corporation at a valuation of JPY66.9 billion ($639 million).
