Buyouts
Harbin Electric denies concerns over PE-backed management buyout
Harbin Electric, a Chinese electric motors manufacturer that is subject to a $750 million management buyout backed by Abax Global Capital, has challenged fraud claims made by a short-seller that has seen the company’s stock tumble.
CITIC Capital, Vector take RAE Systems private
CITIC Capital Partners and Vector Capital, a technology-focused global private equity firm, have completed the acquisition of RAE Systems in a take-private transaction worth approximately $138 million.
Ashmore poised to buy stake in Pakistani fertilizer firm
Private equity firm Ashmore has been granted 90 day extension by the Securities and Exchange Commission of Pakistan to purchase 80% stake in Agritech, formally known as Pak American Fertilizer.
Archer Capital buys fast-food chains from Quadrant
Australia’s Archer Capital has bought Quick Service Restaurant Holdings (QSRH) – the company behind local fast-food chains Red Rooster, Oporto and Chicken Treat – from Quadrant Private Equity for A$450 million ($474 million).
Advantage Partners completes takeover of GTA TeleGuam
Japanese buyout firm Advantage Partners (AP) finally completed its takeover of GTA TeleGuam, Guam’s leading telecom operator.The selling party is Shamrock Capital Advisors, a California-based private equity firm that obtained GTA from the Guam government...
INCJ to hold majority stake in Toshiba, Sony LCD panel unit
The Innovative Network of Japan(INCJ), a government-run investment fund, will take a majority stake in Toshiba and Sony's consolidated LCD panels business.
Baring makes Singaporean education acquisition
Baring Private Equity Partners Asia has acquired the tertiary education business of Singaporean education and training institution PSB Academy for an undisclosed amount.
Bain buys China Fire & Safety
Two months after Nasdaq-listed fire-safety products maker China Fire & Security Group was first approached by global private equity suitors, the company has been sold to Bain Capital for $9 a share, or a total of $265.5 million.
Unison Capital indirectly invest in Japan’s realty fund manager
Japanese buyout firm Unison Capital portfolio company MK Capital Management, a real estate asset management company based in Tokyo, has acquired 90% of Atlas Partners Japan Ltd. (APJ), another Japanese real estate fund manager for undisclosed sum.
Fila teams with private equity in leading golf brand buyout
Seoul-based Mirae Asset Private Equity has teamed with Korean sportswear maker Fila to acquire golf business Acushnet Company from NYSE-listed Fortune Brands for more than $1.2 billion.
TPG and CNinsure’s CEO aim to take full control of the company
Leading private equity firm TPG will team up with Yinan Hu, CEO of Chinese insurance intermediary, CNinsure, to take over the Nasdaq-listed company. The partnership has made proposal to acquire the shares of CNinsure that TPG and Hu did not owns.
Archer Capital takes majority of V8 Supercars
Sydney-based PE firm Archer Capital will take a 60% stake in V8 Supercars Australia, through its investee Australian Motor Racing Partners.
Navis no longer in line for Malaysian glove maker - reports
Navis Capital Partners has reportedly dropped its pursuit of Malaysian glove maker Latexx Partners Bhd. after parties were unable to meet on acquisition terms, according to Dow Jones.
Carlyle, TPG and Sumitomo Mitsui eye stake in Malaysian lender
Carlyle and TPG have reportedly teamed up to jointly bid for a 25% stake in Malaysia’s RHB Capital, and are said to face off against Japanese financial group Sumitomo Mitsui Banking Corporation to acquire the asset.
J-Star looks to construction for its 12th deal
JAPANESE PRIVATE EQUITY FIRM J-STAR has taken a majority stake in Taiheiyo-Seiki Co. (THY), a privately held construction machinery manufacturer, marking J-Star’s second deal this year, following the investment into HCM, in-home care provider, and its...
Carlyle and Macquarie bid for Redflex stopped short
Three months after The Carlyle Group and Macquarie Group made inroads to acquire Australian traffic light and road safety firm Redflex Traffic Systems, offering approximately A$300 million ($302 million) - a 21% premium - for the asset, a key company...
J-Star makes 12th investment, in Taiheiyo-Seiki
Japanese private equity firm J-Star has taken a majority stake in Taiheiyo-Seiki Co. (THY), a privately held construction machinery manufacturer and seller, representing J-Star’s 12th investment since its 2006 launch.
Richard Ong’s RRJ Capital makes first deal
Hopu Fund co-founder Richard Ong has made his first investment from his $2 billion maiden fund, into US-focused oil exploratory and extraction firm Frac Tech Services - a seeming departure from his vehicle’s Asia Pacific mandate.
J-Star makes second healthcare acquisition
Japanese private equity firm J-Star has made another investment in Japan’s growing healthcare sector, taking a majority stake in HCM, KK, a domestic provider of in-home care services, via a management buyout. Financial details were not disclosed, but...
Unitas completes landmark Hyva deal
Asian private equity firm Unitas Capital has completed the acquisition of Hyva Holdings B.V. from Europe’s 3i, for an enterprise value of EUR525 million ($761.5 million). The acquisition was partly financed through a high yield bond, marking the first...
Korean consumer lender A&P wins Takefuji
The ongoing bidding process for collapsed Japanese consumer lender Takefuji has officially ended with Korean industry peer A&P Financial besting rival suitors to acquire the debt-burdened asset.
Blackstone set to buy second distressed Oz property firm
Debt-burdened Australian real estate firm Valad Property Group is reportedly in talks with Blackstone for a possible buyout, according to The Australian, in a deal that could be worth A$220 million.
Richard Ong’s fund teams with Temasek in US oil firm acquisition
The newly launched fund founded by former Founding Partner of Hopu Investment Management Richard Ong has teamed with Singapore’s Temasek Holdings to take a 70% controlling stake in Frac Tech Services, a US-focused oil exploratory and extraction firm....
KKR inks largest-ever PE deal in Vietnam
Vietnam's status as a rising star in Asia’s private equity landscape was validated this week when KKR brokered the largest-ever PE deal in the market, acquiring a 10% stake in Masan Consumer Corporation for $159 million.