Buyouts
ePlanet exits agro-chemicals firm as Japan's SDS enters
ePlanet will exit Indian agro-chemicals firm Sree Ramcides Chemicals as Japan's SDS Biotech invests INR1 billion ($18.8 million) in the company for a 65% stake.
Portfolio: Lunar Capital and China's Joysun
When Lunar Capital invested in Sichuan Zhiqiang, the company’s Joysun brand was well known but lacked relevance with younger consumers. It is now seeking to redress the balance with a revamped product range
Hahn & Co to buy Korea Line via bankrupcty process
Hahn & Co. has been selected by a bankruptcy court as the preferred bidder for a 50% controlling stake in Korea Line, South Korea’s fourth-largest shipping company. The enterprise value of the transaction is KRW1.1 trillion ($1 billion), with Hahn &...
OTPP in running for Leighton asset – report
Ontario Teachers' Pension Plan (OTPP), Canada’s third-largest pension fund, is reportedly among the final bidders for NextGen, the fibre-optics business being sold by Australian contractor Leighton Holdings. The deal could be worth as much as A$870...
Japan's Aeon eyes CVC's Matahari - report
Japan's Aeon Group and a unit of Thailand's Central Group are said to be eyeing CVC Capital Partners-owned Indonesian retail group Matahari Department Store.
Creador completes Indonesia food carve-out
Creador headed off an auction process to complete a carve-out of Indonesian cereals and snack foods producer Simba Indosnack Makmur from India’s Godrej Consumer Products.
Australia’s Anacacia in healthcare MBO
Anacacia Capital has acquired Hills Healthcare Equipment from its Australian Securities Exchange-listed parent Hills Holdings through a management buyout. The value of the transaction was not disclosed.
Temasek not interested in Silver Lake’s Dell deal – report
Temasek Holdings is apparently not interested in joining a Silver Lake-led consortium that is looking to privatize Dell. Media reports have claimed that the Singapore sovereign wealth fund is one of a number of potential investment partners Silver Lake...
GPs upbeat on ailing Japan
Private equity investors expect to see more buyout opportunities in Japan despite a weak deal environment in recent years and ongoing concerns about the country's economy.
Project Europe: China targets high-end manufacturing
Chinese strategic investors are bidding up manufacturing assets in Europe. There is room for PE players to participate, but they will generate value by identifying high-tech targets early in the value chain
Advantage Partners sells Komeda coffee shop chain to MBK
Advantage Partners has agreed to sell its controlling stake in Japanese coffee shop chain Komeda to MBK Partners.
MH Carnegie buys majority stake in Australia's Assetic
MH Carnegie, an Australian private equity investor, has acquired a 55% stake in Assetic, a Melbourne-based technology firm, for A$10 million ($10.6 billion).
Billabong receives takeover bid from Altamont, VF Corp
Altamont Capital Partners has teamed up with US apparel company VF Corp. to submit a rival takeover bid for Billabong International. The consortium is offering to pay A$1.10 per share in cash – or A$527 million ($555 million) – for the Australia surfwear...
Catalyst acquires RBI Australia
Catalyst Investment Managers has acquired Reed Business Information Australia (RBIA) from parent company Reed Elsevier. RBIA, a local unit of the B2B publisher's Reed Business Information (RBI) division, owns titles including Money Management, Australian...
Buyout firms chase Warburg’s Alliance Tire stake - report
Private equity investors are said to be eying Alliance Tire Group after Warburg Pincus put a 70% stake in the Indian tire manufacturer on the block. Should the transaction go through, the price is likely to exceed $500 million, making it one of India’s...
CVC in talks to buy Philippines BPO asset – report
CVC Capital Partners is reportedly in exclusive talks to buy a majority stake in SPi Global Holdings from Philippine Long Distance Telephone (PLDT). The deal is worth about $320 million including debt.
PE-backed InMobi acquires Overlay media
Indian mobile ad network InMobi has acquired Overlay Media, a UK developer of “content aware” computing technologies.
China take-privates: A challenging proposition
Management buyouts of US-listed Chinese companies are all the rage, but these transactions present unique challenges in terms of execution. Only the good survive.
CVC-led consortium completes $1.7b KFC take-private
A CVC Capital Partners-led consortium has completed a MYR5.12 billion ( $1.7 billion) privatization of Malaysia's KFC franchise and its parent company.
Unitas buys controlling stake in ZTE subsidiary
When ZTE decided to divest Shenzhen ZTE Netview Technology (ZNV), a subsidiary focused on power and environment monitoring and video surveillance, it wanted to act quickly. Unitas Capital was up to the task, overcoming rival bids from several financial...
Unitas snaps up majority stake in Shenzhen ZTE Netview
Unitas Capital has taken a controlling interest in Shenzhen ZTE Netview Technology (ZNV), a subsidiary of Hong Kong-listed tech company ZTE Corporation, for RMB1.3 billion ($208 million). The transaction came out of ZTE’s broader program to divest non-core...
Advantage Partners buys Sanyo’s camera business
Advantage Partners has acquired Sanyo Electric’s digital camera unit. Panasonic, which took control of its former competitor in 2009 in a JPY400 billion ($4.6 billion) acquisition, said it chose to do business with Advantage because of the private equity...
Abax, chairman complete $364m Fushi Copperweld take-private
Abax Global Capital has finally completed its management buyout of NASDAQ-listed Chinese wire manufacturer Fushi Copperweld more than two years after the initial bid was submitted. The transaction, staged in conjunction with Li Fu, Fushi’s chairman...
ShangPhama board agrees to TPG-backed buyout
ShangPharma Corporation, a Chinese pharmaceutical and biotech research outsourcing firm listed on the New York Stock Exchange, has agreed to management buyout by Michael Hui, the firm’s chairman and CEO, and TPG Capital. The transaction values the company...