Buyouts
The year that was
Asia’s private equity industry began 2011 on a high. With the recession apparently in the tail view mirror, Asian investors were rearing to invest and raise – as were global investors, who were energized by the prospects of the region’s top markets,...
CHAMP PE approved for oOh!media buyout
CHAMP Private Equity has received unanimous approval by the board of directors of Australian out-of-home advertising firm oOh!media to purchase the company for A$163 million ($163 million), capping off the firm’s 2011 on a high and marking its first...
Asian private equity to return to full force in 2012?
As it is customary for this time of the year, many of the professionals in Asian private equity are beginning to go on their holidays. While dealmaking activity continues for some of the harder working ones, it is clear that activity is becoming slower....
PEP in running for Petsfoods takeover
Pacific Equity Partners is reportedly the sole bidder left to take over Australian pet food maker VIP Petfoods after CHAMP Private Equity dropped out of the process.
IEP acquires TNT’s Indian road business
India Equity Partners (IEP), through its logistics subsidiary, has acquired the Indian road operations division of Netherlands-based delivery services company TNT Express.
CHAMP buys oOh!media for $163m
CHAMP Private Equity has acquired Australian outdoor advertising firm oOh!media for A$163 million ($163 million), receiving unanimous approval from the company’s directors after failing to receive a higher bid.
Thomas Cook India attracts private equity interest
Private equity houses are tipped to be interested in a purchase of the Indian arm of beleaguered UK tour operator Thomas Cook.
PEP raises bid for Spotless
Pacific Equity Partners has upped its takeover bid for Australian cleaning services firm Spotless to A$711 million ($727.7 million) from A$700 million, in an attempt at coaxing the company that has twice rejected its private equity suitors.
Blackstone, Bain eye Yahoo bid
Blackstone and Bain Capital are reportedly nearing a bid to buy the whole of Yahoo that could value the company at more than $20 a share. Yahoo’s associates in China and Japan, Alibaba Group and Softbank Corp., may support the private equity consortium...
PE Deal of the Year – Hyva
UNITAS CAPITAL’S BUYOUT OF DUTCH cylinder-maker Hyva earlier this year was a landmark private equity deal in that it was the first in Asia to be backed by a high-yield bond. Not only did the company’s $375 million bond issue set a precedent for other...
Private Equity Professional of the Year – Peter Wiggs
“It's been quite a year,” Peter Wiggs reflected as he collected the prize for Private Equity Professional of the Year at the 2011 Asian Private Equity & Venture Capital Awards.
Polaris buys Kanto-Unyu for $64m - report
Mid-market private equity house Polaris Capital Group has reportedly purchased Japanese trucking company Kanto-Unyu Co. for an estimated JPY5 billion yen ($64 million).
Asian bidders compete for RBS’ aircraft leasing business
Sumitomo Mitsui Financial Group, China Development Bank and a consortium led by Australia’s Macquarie are among the final bidders for RBS Aviation Capital, the aircraft leasing business being divested by Royal Bank of Scotland. The only other potential...
KKR-led consortium bags Samson for $7.2b
A KKR-led consortium, which includes Japan's Itochu Corp, has agreed to buy Samson Investment Co. for $7.2bn in the second largest private equity deal globally this year.
Abax, chairman lower MBO offer for Fushi Copperweld
Abax Global Capital and the chairman of Fushi Copperweld have lowered their buyout offer for the Chinese company. They are proposing to pay $9.25 per share, down from $11.50 announced in November of last year, which values the deal at about $353.4 million.
PE, Itochu-led consortium near $7b Samson acquisition
A KKR-led consortium, that is said to include Japan's Itochu Corp., is nearing the acquisition of Oklahoma-based oil- and natural-gas producer Samson Investment for $7 billion. It will mark one of the world’s most expensive PE buyouts this year if the...
Apax-backed iGate plans to take Patni private
Apax Partners-owned iGate plans to buyout Patni Computer Systems’ minority shareholders and delist the company from the Bombay Stock Exchange, National Stock Exchange of India and the New York Stock Exchange. The purchase will be funded through a debt...
Advantage, Bain among bidders in final round of Yayoi auction
Advantage Partners, Bain Capital and financial services firm Orix Corp. have reportedly advanced into the final round of bidding for MBK Partners-owned Japanese accounting software developer Yayoi, which is expected to be one of the biggest sales in the...
Spotless rejects PEP's $700m takeover offer
Australian cleaning services company Spotless Group has rejected Pacific Equity Partners’ (PEP) A$698.3 million ($702 million) takeover offer, branding the bid as too low.
Morgan Stanley in line for HCP Holdings acquisition
Morgan Stanley Private Equity (MSPE) is reportedly negotiating with Chinese packaging firm HCP Holdings to purchase an 80% stake. The deal is said to value the company at approximately $500 million.
PEP eyes Spotless buyout - report
Pacific Equity Partners (PEP) is reportedly looking to acquire Australian cleaning services company Spotless Group for as much as A$700 million ($715 million), coming months after the ASX-listed company rejected Blackstone’s A$657 million bid.
TPG scales back buyouts in Europe as it ramps up in Asia - report
TPG Capital is said to be scaling back its European buyout operations amid a volatile investment environment, in a move that may result in a strengthening of TPG’s Asian focus.
TPG and Carlyle circle MCAG’s Regis
TPG Capital Partners and The Carlyle Group are said to be interested in buying Australia’s second-largest private care home operator, Regis Group.
Blackstone, Carlyle near Reliance tower acquisition - report
A consortium comprised of The Blackstone Group and The Carlyle Group may purchase Reliance Group’s cellular towers by December, in a deal that will finally see the Indian communications major divest its ailing tower assets.