Buyouts
PEP's Hoyts cinema group acquires AMC
Pacific Equity Partners (PEP)-owned Australia cinema group Hoyts is to acquire rival group AMC for an undisclosed price – a development that comes two months after PEP announced the postponement of Hoyts’ IPO due to volatile market conditions.
Baring powers up for NASDAQ take-private bid
In what could be the start of a delisting trend among US-listed Asian companies, Baring Private Equity Asia has made a privatization bid for NASDAQ-listed Chinese electric motor manufacturer Harbin Electric, alongside the target company’s chairman and...
Korea Exchange Bank union held secret meeting with ANZ over Lone Star exit
The employees' union of Lone Star investee Korea Exchange Bank (KEB) held a closed and secret meeting with executives of Australia and New Zealand Banking Group (ANZ) last month, smoothing the way for a bid by the Australian lender for Lone Star's controlling...
KKR makes up to $1.73 billion bid for Australia's Perpetual
Kohlberg Kravis Roberts & Co (KKR) has made an up to A$1.75 billion ($1.73 billion) bid for Australian investment group Perpetual Ltd., offering between A$38-$40 ($37-39) a share for the company.
Baring, CEO Yang make $752 million privatization offer for Harbin Electric
NASDAQ-listed Chinese electric motor maker Harbin Electric has received a joint $752 million buyout bid from Baring Private Equity Asia and Harbin’s Chairman and CEO Tianfu Yang, the latter already owning 31.1% of the company.
Ontario Teachers seeks Temasek's help to rival BHP Billiton PotashCorp bid
Ontario Teachers’ Pension Plan, Canada’s largest single-profession pension fund, is reportedly in talks with Singapore SWF Temasek Holdings about the formation of a consortium to counter mining and resources giant BHP Billiton Ltd.’s $39 billion...
Private equity may bid for Japan's Kyowa Hakko Chemical
Kyowa Hakko Kirin Co. Ltd., a leading Japanese pharmaceutical company, is looking for a buyer to take over its chemicals subsidiary, and has already been in discussions with several private equity firms, according to Japanese reports.
J-STAR drives healthcare in Japan
In a deal that displays PE's ability to drive sector change in Japan, and that highlights the continuing buoyancy of the local mid-market, J-STAR Co., Ltd. has bought out Apo Plus Station Co. Ltd., a privately-held medical solutions company, in an MBO.
India's Tech Mahindra sees Providence, Apax private equity interest in BT stake
Leading private equity firms seem to be lining up for one of India’s larger assets, telecoms and IT outsourcing and services provider Tech Mahindra, in a deal that could be worth up to INR37 billion ($830 million).
Bain completes Mr. China ASIMCO deal
Bain Capital has announced the completion of its acquisition of ASIMCO Technologies Ltd., the Beijing-headquartered auto parts company made famous by the book ‘Mr. China,’ from Key Principal Partners and other investors in the business.
Advantage Partners buys apartment management company in Japan
Advantage Partners, the Tokyo-based private equity firm, has acquired a local apartment management company, Marimo Community Co., for an undisclosed amount.
J-STAR acquires Japanese medical solutions firm Apo Plus Station in LBO
J-STAR Co. Ltd., a Japanese private equity investment company focusing on MBOs, has bought out Apo Plus Station Co., Ltd, a privately-held medical solutions company.
Samsung and Prodos Capital in US may take Gianfranco Ferré
South Korean conglomerate Samsung Group and American private equity firm Prodos Capital Management emerged as the final bidders for Italian fashion house Gianfranco Ferré, which has filed for bankruptcy protection, in a deal offering to buy out the firm...
3i picks up Mizuho Investment for Europe debt
3i Group has acquired a unit of Japan's Mizuho Corporate Bank, Mizuho Investment Management (UK), which specializes in European debt, for some GBP18.3 million ($28.68 million).
Anacacia Capital supports MBO of Rafferty's Garden in Australia
Anacacia Capital, an SME-focused Australian private equity firm, and Sales Link Australasia, a leading local company in retail sales management for supermarkets and department stores, have jointly supported the management team of Rafferty’s Garden,...
Helix backs Hi-Rel Electronics MBO in India
Helix Investments is injecting $11 million into India's Hi-Rel Electronics Pvt. Ltd. to back a management buyout of the Ahmedabad-based industrial automation, power supply and power control company.
Primus, China Strategic formally end Nan Shan bid in Taiwan
Hong Kong-listed China Strategic Holdings and financial investor partner Primus Financial Holdings have announced the formal termination of their $2.2 billion acquisition agreement for Taiwan’s Nan Shan Life Insurance effective Sept 20.
Permira’s third Asian deal a satellite play
Permira, one of Europe's largest private equity players, has purchased a controlling stake in Asia Broadcast Satellite Ltd. (ABS) from Citi Venture Capital International and ADM Capital for around $200 million.
KKR and TPG may team up to bid for Foster's wine unit
US buyout majors Kohlberg Kravis Roberts and TPG Capital were said to have had early talks for a joint bid for the wine unit of Australian brewer Foster's, according to reports.
Navis makes it to second round of Carrefour Southeast Asia bid
Navis Capital Partners is reportedly among the shortlisted contenders for French hypermarket chain Carrefour’s Southeast Asian operations, coming after Carrefour narrowed the field of bidders for its assets, which could draw up to $1 billion.
Buyout firm among bidders for Korea's Woori Bank
The South Korean government has narrowed the field of potential bidders in the $6 billion privatization of Woori Finance Holdings to four, including one buyout fund, according to a government spokesperson.
Carlye and TPG get regulatory approval to buy Healthscope for $2.5 billion
Global private equity giants the Carlyle Group and TPG Capital have received a green light from Australia's Foreign Investment Review Board to acquire the country's second-largest hospital operator, Healthscope.
Foster’s tells private equity firms wine bids are corked
Australian beverages major Foster’s Group’s plans to divest its Treasury Wine Estates wine estate, which owns the Lindemans, Rosemount, Penfolds and Wolf Blass brands, has not been the PE win many firms had hoped for.
TPG gets green light for Vishal
TPG Capital's protracted bid to pick up assets from India's struggling Vishal Retail group appears finally concluded, as Vishal's board approved the sale of its wholesale, institutional sales and franchise businesses to the private equity firm.