Buyouts
Secured Capital eyes Espoir Omotesando for Ralph Lauren in Tokyo
Secured Capital Japan(SCJ), the Tokyo-based private equity real estate investment firm, emerged as the likely buyer for Espoir Omotesando in Omotesando, a fashionable area of Shibuya, Tokyo, for a price said to be about JPY29 billion ($348 million), according...
Future of Carrefour Singapore, Malaysia sales process unclear, with Navis out
Following the sale of its Thai assets to French competitor Groupe Casino, French retail giant Carrefour has reportedly put the sales of its Singapore and Malaysia supermarkets on hold for the present, with AVCJ sources suggesting that Navis Capital Partners,...
Carlyle not participating in Matahari Hypermart process
The Carlyle Group will not be participating in the next phases of Indonesian retail major Matahari's auction of its Hypermart branch, which could be worth up to $1 billion, AVCJ sources confirmed.
TPG gets Avon Japan
TPG Capital is taking up 74.67% of Avon Japan for JPY7.3 billion ($90 million) in cash from Avon Products Inc, the NYSE-listed cosmetic direct sales empire originally founded in 1886 as the California Perfume Company.
Vogo Fund takes over Tong Yang Securies and other group companies for $798 million: reports
South Korean private equity firm Vogo Fund has acquired a total 46.5% stake in three Tong Yang group companies, combining portions of Tong Yang Securities and two other entities of the mid-sized local conglomerate, according to Reuters.
Advantage Partners will buy TeleGuam from Shamrock Capital
Tokyo-based PE firm Advantage Partners has signed a merger agreement with Guam telecom company TeleGuam Holdings, according to TeleGuam's statement, buying the company from Shamrock Capital Advisors, a California-based PE firm.
PE investors approached Alibaba's Ma to take over Yahoo Inc
Jack Ma, the founder of Alibaba Group, China’s largest e-commerce business operator, was said to have been approached by private equity investors offering to help him to jointly take over industry peer Yahoo Inc. in the US, according to Reuters.
TPG to buy out Avon Japan
TPG Capital will acquire 74.67% of Avon Japan for JPY7.3 billion ($90 million) in cash from Avon Products Inc, the NYSE-listed cosmetic direct sales empire originally founded in 1886 as the California Perfume Company.
Australia's Ten Network chairman to step down after abortive Hellman & Friedman MBO: reports
Nick Falloon, the executive chairman of Australia's Ten Network, has offered to step down following a share raid by James Packer and Lachlan Murdoch that secured 18% of the company in the wake of a rumored privatization plan by Falloon and US PE firm...
Fushi Copperweld's CEO, PE firm Abax make privatization offer
Electric cable and wire manufacturer Fushi Copperweld’s CEO Li Fu and Hong Kong-based PE firm Abax Global Capital Limited have jointly placed a bid to take NASDAQ-listed Fushi private, with Fu offering to purchase all the outstanding shares in the company...
Carlyle among suitors for Indonesia's Matahari hypermarkets - reports
The hypermarket chain of Indonesian retail giant Matahari is up for sale, and suitors including the Carlyle Group and South Korean retailer Lotte Shopping are reportedly in the running to acquire the emerging market’s second-largest supermarket operator...
Risa Partners to be acquired by NEC Capital Solutions via TOB
NEC Capital Solutions, a Japanese financial services provider, has announced that it will buy 100% of Risa Partners, a listed Tokyo-based private equity and real estate investment firm, in a deal estimated at around JPY15.8 billion ($196 million).
PE-invested Whitehaven Coal goes up for sale
Independent Australian coal mining corporation Whitehaven Coal, 27% invested by US PE firm First Reserve, will entertain acquisition bids in the light of ongoing interest from corporate suitors – a decision that could lead to an nearly A$3.5 billion...
integral becomes biggest shareholder of Japanese TV ad producer TYO
Integral Corporation, a Tokyo-based private equity firm, has acquired a 44.4% stake in TYO Inc, a second-tier TV commercial producer, for JPY1.3 billion ($16 million) in new shares, becoming the company's largest stakeholder.
Hony picks up c.30% of Singapore's Biosensors International
Hony Captal, the leading China-focused private equity firm, has acquired a 29.47% stake in Biosensors International Group, Ltd., a leading medical device company in Singapore, in a deal estimated at around $218.3 million.
Pension funds butt heads in $7.4 billion takeover battle for Malaysian highway operator PLUS
Malaysia's Employees Provident Fund (EPF) has teamed with local infrastructure firm United Engineers Malaysia Berhad (UEM) Group - a fully owned subsidy of SWF Khazanah Nasional - to launch a MYR23 billion ($7.4 billion) takeover bid for Malaysian highway...
Foster's still open to private equity offers for wine unit
David Crawford, Chairman of Australia's Foster's Group, publicly said the company will still entertain offers from private equity groups for its wine business, while repeating that a c.$2.46 billion offer, reportedly from Cerberus Capital Management,...
South Korea's Woori starts sale process for majority stake
South Korean officials have stated that the government will begin the sale of its 57% stake in Woori Financial Holdings, the nation’s third-largest financial services group, this week, as part of a planned privatization.
Japan Industrial Partners buys Kyowa Hakko Kirin chemical unit
Japan Industrial Partners, a Tokyo-based private equity firm specializing in business restructuring, has reached a basic agreement to acquire 100% of Kyowa Hakko Chemical, wholly owned by parent Kyowa Hakko Kirin Co., a major fermented chemicals manufacturer.
Perpetual brands KKR's $1.73 billion takeover bid as low, yet considers deal
Australian investment group Perpetual Ltd. has branded the $1.73 billion takeover offer by Kohlberg Kravis Roberts & Co. (KKR) as too low, but has said that it will continue negotiations in possible hopes of eliciting a higher bid.
Advent weighs buying QB barbershop chain from ORIX
ORIX Corp., the Japanese leasing and financial conglomerate, is reportedly selling QB Net Co., the operator of a discount barbershop chain, in a deal that could be worth JPY10 billion ($123 million), with PE firm Advent International as a potential buyer,...
Archer Capital-owned DairyWest buys Brownes from Fonterra
Archer Capital-owned Australian dairy player DairyWest is set to acquire Perth-based dairy producer Brownes from sector giant Fonterra for an undisclosed price.
Japan's Orix to enter US asset management via buyout of MIG Holdings
Orix Corp., the Japanese financial conglomerate, will take a majority stake in MIG Holdings, the parent of $11.7 billion US hedge fund and alternative assets management firm Mariner Investment Group, in a deal said to be worth some $184.6 million.
Nippon Mirai buys Asahi Tec Environmental Solutions from parent
Nippon Mirai Capital, the Japanese SME-focused private equity firm, will acquire 100% of Asahi Tec Environmental Solutions Company (ATES) from its parent Asahi Tec Corporation, a major manufacturer of iron casting products, for an undisclosed amount via...