Buyouts
Affinity, EQT vie for Malaysian glove producer - reports
Affinity Equity Partners and EQT Partners are reportedly competing for a majority stake in Malaysian rubber glove maker YTY Group in a deal estimated to be worth $500 million
The fundraising success story
Baring Private Equity Asia ended a global slump on fundraising when it closed its fifth fund on $2.46 billion, 60% more than its predecessor, in less than six months. AVCJ speaks with the Managing Partner on the renewed institutional interest in Asian...
Aetos takes remaining 50% in Simplex from Goldman Sachs
Aetos Capital, a US-based private equity and real estate investment firm, will turn its 50% owned Japanese real estate asset manager Simplex Investment Advisors into a wholly owned subsidiary by acquiring the other half owned by a Goldman Sachs. The US...
Carlyle to take over Japanese manufacturer for $857m
U.S. private equity firm the Carlyle Group will acquire Japan
Marunouchi Capital nears buyout of Seijo Ishii
Tokyo-based Marunouchi Capital, a joint venture equally owned by Japanese conglomerate Mitsubishi Corp and Mitsubishi UFJ Securities, is reportedly close to finalizing negotiations for a takeover of Seijo Ishii Co., a high-end supermarket operator in...
Blackstone pays $9.4b for Centro's US assets
In what is classified as Blackstone’s largest deal since the onset of the financial crisis, the buyout firm has bested two rivals to acquire distressed Australian shopping mall owner Centro Properties Group’s 588 real estate assets in the US, paying...
Morgan Stanley in talks over Shanghai Motel Management
US investment bank Morgan Stanly is reportedly in the process of speaking with European hotel group Accor SA about the sale of its majority controlled motel chain operator, Shanghai Motel Management.
Carlyle, Macquarie gets green light for Oz traffic systems firm
The Carlyle Group and Macquarie Group have jointly bought Australian traffic light and road safety firm Redflex Traffic Systems for approximately A$300 million ($302 million), paying a 21% premium for the asset.
KKR-backed Seven Media bought for $4.2b
KKR-backed Australian media major Seven Media Group has been bought by West Australian Newspapers Holdings (WAN) for A$4.1 billion ($4.2 billion) in cash and shares – a deal that creates the largest diversified media entity in the country.
PEP investee goes into receivership
Private Equity Partners controlled REDgroup Retail, which owns bookstore chains Borders and Angus & Robertson has collapsed and been handed over to administrator Ferrier Hodgson.
SCPEL invests in Australian agribusiness
Standard Chartered Private Equity Limited (SCPEL) will take minority stake via convertible notes in Australia-based international agribusiness leader Wellard for $83 million.
Chartis Japan Capital takes over Fuji Fire and Marine Insurance via TOB
Chartis Japan Capital Company, a wholly-owned unit of Chartis Inc, the general insurance subsidiary of American International Group has announced a TOB for all common shares and stock acquisition rights of Fuji Fire & Marine Insurance Co that it does...
3i acquires Mizuho’s debt management unit
London-based private equity firm 3i has completed its acquisition of Mizuho Bank’s debt management business unit, Mizuho Investment Management (MIM). Deal size was not disclosed but UK-based MIM manages £3.7 billion of assets.
MBK exits Gala TV to EQT
EQT Greater China has acquired MBK Partners-backed Taiwanese cable television company Gala TV in the latest big-name media deal out of the country. The buyout firm did not disclose the deal price, but affirmed that the capital came from its $535 million...
Unison leads MBO of Japanese wine importer
Japanese buyout firm Unison Capital will spend JPY6.2 billion ($75.4 million) to privatize publicly listed Japanese wine importer and retailer Enoteca Co. through an MBO alongside H.C.B.C. Enterprises Ltd., an investment firm headed by George Joseph...
Lombard takes control of Chinese quick service restaurant chain
Lombard Investments, a global private equity firm, has announced it has acquired a controlling stake in Overseas Dragon China, one of the leading Quick Service Restaurants in Asia.
Unison Capital to delist Japanese wine importer
Japanese buyout firm Unison Capital will spend JPY6.2 billion ($75.4 million) to privatize currently listed Japanese wine importer and retailer Enoteca Co. through an MBO alongside H.C.B.C. Enterprises Ltd., an investment firm headed by George Joseph...
Carlyle buys AlpInvest, becomes LP
ALPINVEST, THE NETHERLANDS-BASED fund-of-funds, has been acquired by the Carlyle Group, which simultaneously makes its foray onto the LP side of the private equity industry.
Carlyle, MBK not among Hana's backers in KEB bid
The Carlyle Group, MBK Partners and Goldman Sachs have not provided financial backing to South Korean commercial lender Hana Financial in its bid to acquire Korea Exchange Bank (KEB) from US buyout group Lone Star.
EQT buys fine foods group
EQT Greater China II has taken a controlling 96% stake in Classic Fine Foods Group (CFF), a multinational importer and distributor of gourmet foods, from London-based Vestey Group Ltd. The remaining 4% stake is held by the management. Financial details...
MBK may partner with Hana for KEB
MBK Partners, the Korean buyout firm, has reportedly proposed investing KRW1 trillion ($891.6 million) to help Hana Financial Group to buy a controlling stake in Korea Exchange Bank (KEB), according to the Korean Times.
Blackstone investee buys Norwegian firm
China National Bluestar, a government-run chemicals firm backed by the Blackstone Group, is set to purchase Elkem, a Norwegian maker of silicon and renewable energy products for $2 billion, marking one of the largest acquisitions of a European company...
Mizuho Capital takes Japanese mail order company private
Mizuho Capital Partners, a Japanese buyout firm based in Tokyo, will help Image Holdings Co., a listed mail order company, to go private through an MBO in conjunction with current president Masakazu Myoga.
CHAMP Private Equity acquires Constellation Brands' UK and Australian business
Leading world premium wine purveyor Constellation Brands Inc. announced just before Christmas that it had reached agreement with Sydney-based CHAMP Private Equity to sell its UK and Australian interests (Constellation Wines Australia & Europe – CWAE)...