Buyouts
PE investors rue lost Japan carve-out opportunities
The lack of corporate carve-outs relative to the size of the opportunity in the space has been among the biggest disappointments for Japanese private equity, investors say.
CITIC Capital consortium completes $887m AsiaInfo take-private
CITIC Capital Partners has completed the privatization of US-listed Chinese telecom software provider AsiaInfo-Linkage in a deal that values the company at $887 million. CITIC Private Equity and China Broadband Capital were also part of the buyer consortium....
India Awards: PE Deal of the Year – Alliance Tire Group
Sanjay Nayar, head of India at KKR, is cautiously optimistic about the prospects for private equity in the country. On one hand, there is belief in a long-term story driven by solid demographics and a clear need for strategic growth capital in key areas....
Q&A: Wolseley Private Equity's Richard Burrows
While other Australian GPs have moved on to larger transactions, Wolseley Private Equity remains resolutely lower mid-market. Richard Burrows, a director at the firm, explains why
4Q analysis: IPO awakening
Public market offerings return, or at least expectations of them; pan-regional players shore up weak fundraising market; growth deals to the fore as buyouts recede
NewQuest agrees $190m China Hydroelectric take-private
NewQuest Capital Partners has agreed to buy China Hydroelectric in a deal that values the US-listed hydropower operator at approximately $190 million.
Hahn & Co agrees $380m Hanjin deal
Of the four leading Korean dry bulk carriers, Hanjin Shipping and Hyundai Merchant Marine are raising capital through asset sales and restructurings, while STX Pan Ocean and Korea Line have already filed for bankruptcy.
Baring Asia to exit Noah Education as MSPEA makes take-private offer
Baring Private Equity Asia is on course to exit Noah Education Holdings after Morgan Stanley Private Equity Asia (MSPEA) and senior management tabled a take-private bid that values the company at around $108 million. This is MSPEA’s second privatization...
China Media Capital to buy 21st Century Fox's Star TV stake
China Media Capital (CMC) has agreed to buy 21st Century Fox’s 47% stake in Star China TV in partnership with company management. The acquisition gives CMC full ownership of what was previously News Corporation’s China portfolio, having bought a majority...
Hahn & Co to buy Hanjin's bulk carrier business
Hahn & Co. will pay KRW400 billion ($380 million) for a 76% stake in Hanjin Shipping’s bulk carrier business. This is the South Korean private equity firm’s second foray into the shipping sector following an aborted attempt earlier this year to buy a...
Longreach agrees Japan manufacturing carve-out
The Longreach Group has agreed to buy Sol-Plus Group, a Japanese plastics manufacturer with production facilities in Thailand, for an undisclosed sum.
Japan's Sompo agrees purchase of Bregal-owned insurer Canopius
Sompo Japan Insurance has agreed to acquire Canopius Group, a UK insurer which is 84%-owned by London-headquartered private equity firm Bregal Capital.
Hahn & Co invests $190m in South Korea's Woongjin Foods
Hahn & Co has paid $190 million for a 57% stake in Woongjin Foods, Korea's third largest non-alcoholic beverage company and subsidiary of ailing conglomerate Woongjin Group.
Osaka prefecture blocks Lone Star bid for Japan rail asset
US private equity firm Lone Star has seen its winning bid for Japan rail operator Osaka Prefectural Urban Development (OPUD) blocked by the Osaka prefectural government.
KKR, Carlyle, GSO among potential bidders for JPMorgan Asia investment arm - report
KKR, The Carlyle Group and Blackstone's credit arm, GSO Capital Partners are said to be among potential buyers for JPMorgan Chase's Asia-based principal investment business, Global Special Opportunities Group (GSOG). The valuation is likely to be more...
Silver Lake backs Avago's LSI purchase with $1b investment
Tech-focused private equity firm Silver Lake is investing another $1 billion in Singaporean chip maker Avago Technologies to help fund its $6.6 billion acquisition of LSI Corporation.
Japan's Sompo mulls $1b purchase of Bregal-owned insurer Canopius
Sompo Japan Insurance is looking to acquire Canopius Group, a UK insurer which is 84%-owned by London-headquartered private equity firm Bregal Capital.
Bain to acquire Japan's Macromill for $501m
Bain Capital is set to acquire Tokyo-listed Macromill, a Japanese online market research firm, after offering to buy all shares in the company for JPY51.4 billion ($501 million).
Quadrant acquires Australian water dispensing business
Quadrant Private Equity has acquired a majority stake in Zip Industries, an Australian developer of small-scale hot water systems capable of delivering boiling water instantly. Its signature product the Zip HydroTap is popular domestically and exported...
CITIC rides China's LNG wave
Two weeks ago China National Offshore Oil Corp. received the first cargo of liquefied natural gas (LNG) at the Tianjin floating storage regasification unit. The company now has the capacity to handle 24.4 million metric tons of LNG per year at six offshore...
PE firms in the hunt for Tyco's Korea business - report
KKR, Bain Capital and CVC Capital Partners are reportedly among the preliminary bidders for the South Korean unit of US-based security systems specialist Tyco International. The unit is known as ADT Caps.
MSPEA in take private bid for Sino Gas
Morgan Stanley Private Equity Asia (MSPEA) is supporting a management buyout of Sino Gas International Holdings that values the US-listed Chinese gas distributor at approximately $15.9 million. This would be the third investment from the PE firm's fourth...
Baring Asia adds leverage to Hexaware acquisition
HT Global IT Solutions Holdings, an affiliate of Baring Asia, has pledged its entire stake in Indian business processing outsourcing (BPO) firm Hexaware Technologies with Standard Chartered Bank to help pay for its acquisition.
Southern Capital offers $111m for Malaysian university operator
Southern Capital Group (SCG) has made a buyout offer for HELP International Corp, a listed Malaysian university operator, valuing the company at MYR359.3 million ($111.4 million). Should the offer be successful, HELP would be taken private.