Buyouts
Multiples buys ICICI Venture's stake in Vikram Hospital
Multiples Alternate Asset Management has bought a 64% stake in Bangalore-based Vikram Hospital from ICICI Venture Funds Management, and also infused direct capital for debt repayment.
Actis to buy India lighting business from Halonix
Actis is set to buy the loss-making general lighting division of its portfolio company Halonix, a manufacturer of compact fluorescent lamps for general lighting and halogen lamps for automotives.
Affinity pays $239m for majority stake in Korean music platform
Affinity Equity Partners will pay KRW265.9 billion ($239 million) for a 52.6% stake in Loen Entertainment, a South Korean record label and digital music platform. The holding is being divested by SK Planet, a subsidiary of SK Telecom, the country's largest...
Australian regulator declines PE request to delay Billabong deal
The Australian Government Takeover Panel - the country's takeover regulator - has declined a request from Oaktree Capital Management and Centerbridge Partners to delay a A$395 million ($359 million) refinancing deal for surf-wear company Billabong International....
Blackstone to acquire India's Agile Electric Works for $110m
The Blackstone Group has agreed to buy a majority stake in Indian auto parts maker Agile Electric Sub-assembly Limited (AESPL) and its listed subsidiary Igarashi Motors India(IMIL) for $110 million.
Apollo's McGraw-Hill Education buys out Indian JV partner
McGraw-Hill Education, a US-based textbook publisher backed by Apollo Global Management, has bought Tata Group’s minority stake in Indian publishing joint venture Tata McGraw-Hill Education. Financial details of the deal were not disclosed.
France approves Fosun ClubMed takeover
The French financial markets authority, Autorité des Marchés Financiers (AMF), has approved the takeover of France-based vacation resort operator Club Méditerranée (Club Med) by Chinese conglomerate Fosun International and Axa Private Equity.
Billabong strikes $331m refinancing deal with Altamont, Blackstone
Australian surf wear company Billabong has a reached an agreement with US private equity firm Altamont Capital Partners and Blackstone Group's credit arm GSO Partners for a A$395 million ($331 million) refinancing package.
J-Star reaches $205m final close in Fund II
Japanese mid-market buyout firm J-Star has reached at JPY20.4billion ($205 million) final close on its second buyout fund.
Q&A: KKR's Joe Bae
KKR last week announced a final close of $6 billion on its second pan-Asia fund, the largest vehicle of its kind ever raised in the region. Joseph Bae, KKR's head of Asia, tells AVCJ how it will be deployed
IMM taps Korea's coffee cravings
Statistics alone do not capture the role coffee has come to play in South Korean culture. Starbucks entered the country in 1999 and it is now the firm's sixth-largest market globally by store numbers, with 556 in operation as of March and plans to take...
India's FlipKart shops a $200m round
Indian e-commerce is in a state flux. While penetration is still relatively low compared to developed nations - just one in 10 Indians has access to the internet - the industry was worth $14 billion last year and growing rapidly. Competition for wallet...
Spreadtrum accepts sweetened Tsinghua Unigroup buyout offer
Spreadtrum Communications, a Chinese mobile chip manufacturer backed by New Enterprise Associates (NEA), is to be acquired by Tsinghua Unigroup after the buyer increased its offer. The merger - which will now go to a shareholder vote having received board...
Riverside buys controlling stake in NZ animal drug delivery group
Riverside has acquired a controlling interest in Hamilton-based animal drug delivery company Simcro for a undisclosed sum.
Ex Indonesia: Investing at SE Asia's edges
Indonesia is the poster child of Southeast Asian private equity but competition is intense and valuations are rising. What can investors expect from less-tapped markets such as Thailand, the Philippines and Vietnam?
Australia's Next Capital buys Scottish Pacific from Lazard
Next Capital completed the acquisition of Australian debt finance company Scottish Pacific from Lazard Australia Private Equity. The transaction value wasn’t disclosed but local media reports put it at around A$90 million ($82.6 million).
Baring PE Asia set for Korea logistics buyout
Baring Private Equity Asia has agreed to buy South Korean courier services provider Logen Logistics from Mirae Asset Private Equity. The deal is worth around KRW160 billion ($140 million).
Korea's IMM Private Equity invests $87m in Hollys F&B
IMM Private Equity has agreed to pay KRW100 billion ($87 million) for a controlling position in Hollys F&B, the parent company of Hollys Coffee, one of South Korea’s largest coffee shop chains.
Japan, Canada pension fund consortium makes first investment
A consortium of Canada's Ontario Municipal Employees Retirement Scheme (OMERS) and a group of Japanese pension funds led by Mistubishi Corp. has made its first investment in Midland Cogeneration Venture (MCV), a gas power plant in the US. The details...
VIDEO: David Grayce of Pacific Equity Partners
Take-private opportunities emerge at certain points in a market cycle, driven by the cost of funding a deal – in debt and equity terms – versus the market valuation of the asset. In Australia another factor as also come to the fore in recent years: shareholder...
Friend or foe? Chinese M&A in the US
Chinese companies are keen to acquire assets overseas and the US is a popular target. Success hinges on satisfying regulators, appeasing politicians and persuading sellers of their ability to execute transactions
Ironbridge targets full buyout of Australia's Bravura
Ironbridge Capital has made an offer to acquire a further one-third stake in listed Australian life insurance and wealth management provider Bravura Solutions. The offer values the company at A$172.7 million ($158.3 million).
Southern Capital raises $400m for Southeast Asia fund
Singapore-based Southern Capital Group (SCG) has raised approximately $400 million for its third buyout fund. Unlike SCG’s previous vehicles, which invested throughout the region, Southern Capital Fund III will focus on Malaysia, Singapore and Indonesia....
Vogo-backed Tongyang Life chosen as preferred bidder ING Korea unit – report
A consortium led by Tongyang Life Insurance, which is majority-owned by Vogo Investment, has reportedly been chosen as the preferred bidder for ING Groep’s South Korean life insurance unit. The consortium is said to have offered around KRW2 trillion ($1.7...