Buyouts
Japan's T Capital buys Fujitsu semiconductor memory assets
Japanese mid-market buyout firm T Capital Partners has agreed to carve out Fujitsu’s semiconductor memory chip business for an undisclosed sum.
Singapore's VC-backed One Animation acquired by UK strategic
One Animation, a VC-backed, Singapore-based cartoon studio, has been acquired by Moonbug Entertainment of the UK for an undisclosed sum.
Carlyle buys China's HCP Packaging from Baring Asia
The Carlyle Group will become HCP Packaging’s third consecutive private equity owner, having agreed to acquire the China-based packaging from Baring Private Equity Asia (BPEA).
New Zealand's Pushpay confirms PE approaches
Pushpay, a New Zealand and Australia-listed payments business specialising in donor management, confirmed it had been approached by prospective buyers but played down the significance of an agreement with BGH Capital and Sixth Street Partners.
Deal focus: ICG finds alignment with doctor-shareholders
Intermediate Capital Group believes its flexible approach to deal structuring – and a willingness to share upside – helped win over doctors who are employees and part-owners of Canopy Healthcare
Portfolio: Investcorp and Viz Branz
War, climate change, and COVID-19 are twisting the outlook for Investcorp-owned instant food supplier Viz Branz. But an implacable China growth story has underpinned an aggressive expansion agenda
Australia take-privates: Going large
A combination of abundant dry powder and friendly financing conditions are encouraging global GPs to pursue ever-larger listed companies in Australia. For now, macro headwinds are no deterrent
Mitsui, Nomura acquire real assets manager New Forests
Japan’s Mitsui & Co. and Nomura Holdings have agreed to acquire 100% of New Forests, an Australia-headquartered sustainable real assets investment manager focused on forestry, land management, and conservation.
Deal focus: Elevation targets Lumena uplift
Elevation Equity Partners sees Korean consumer electronics brand Lumena as a diamond in the rough, with high margins, quality products, and scope for domestic and international expansion
Market volatility thwarts CVC pursuit of Australia's Brambles
CVC Capital Partners has abandoned its proposed acquisition of Australia-based container supplier Brambles, citing market volatility.
ICG buys New Zealand's Canopy Healthcare
ICG has acquired Canopy Healthcare Group, a New Zealand-based healthcare platform that offers diagnostic imaging, medical oncology, and drug compounding services.
PAG backs acquisition of India's Optimus Drugs
PAG has supported the acquisition of Optimus Drugs for an undisclosed sum alongside CX Partners and Samara Capital as part of a joint Indian pharmaceuticals platform play.
IFM acquires Australia SaaS player Render Networks
IFM Investors has acquired a controlling interest in Render Networks, an Australia-founded and now US-headquartered software-as-a-service (SaaS) provider specialising in construction management.
GP profile: EmergeVest
Building on unorthodox roots and a highly concentrated portfolio, EmergeVest wants to establish itself as a global-minded Asia specialist in technology-enabled supply chains
Nexus Point acquires Hong Kong freight forwarding business
Nexus Point Capital, which makes middle-market control investments in Greater China, has acquired a majority stake in Hong Kong-headquartered freight forwarding business Honour Lane Shipping (HLS).
KKR launches tender offer for Japan's Hitachi Transport System
KKR has launched a tender offer for Hitachi Transport Systems at a valuation of approximately JPY 749.5bn (USD 5.8bn) after agreeing to acquire parent company Hitachi’s controlling stake in the business.
VIG buys Korean healthy beverage brand
VIG Partners has agreed to acquire a majority stake in Teazen, a South Korean producer of tea-based health drinks, for approximately USD 70m.
Deal focus: KV Asia finds another way into PPE
Malaysia’s G.B. Industries is already a leading global player in the electrical personal protective equipment space. KV Asia aims to drive growth by professionalising the family-run business
MSPEA buys control of Singapore-listed APAC Realty
Morgan Stanley Private Equity Asia (MSPEA) as agreed to buy Northstar Group’s majority stake in APAC Realty, a Singapore-listed real estate services company in Asia, for SGD 129.5m (USD 94.2m).
Japan's Hitachi mulls divestment of logistics unit
Hitachi has confirmed it may divest its logistics unit, Hitachi Transport System, following a report that KKR was poised to buy the asset for more than JPY 600bn (USD 4.69bn).
KKR pursues $15b Australia healthcare take-private
A KKR-led consortium has proposed to acquire Ramsay Health Care, an Australia-listed hospital operator with a footprint that encompasses Australia, Europe, and other parts of Asia, at a valuation of approximately AUD 20.1bn (USD 14.9bn).
KV Asia buys Malaysia industrial glove manufacturer
KV Asia Capital has acquired a majority stake in G.B. Industries (GBI), a Malaysia-based manufacturer of rubber insulating gloves and sleeves, for an undisclosed sum.
Bain launches tender offer for Japan marketing business
Bain Capital has launched a tender offer for Japan-based television and direct marketing business Tri-Stage that values the company at approximately JPY 17.2bn (USD 137.3m).
Portfolio: Affinity Equity Partners and ServeOne
Affinity Equity Partners is redefining the B2B outsourcing industry by helping Korea’s ServeOne, escape the gravity of its chaebol parent to access new markets and business lines