Buyouts
Permira makes third Asia investment with Asia Broadcast Satellite
European buyout firm Permira Advisers has acquired Asia Broadcast Satellite Ltd.'s (ABS) holding company from Citi Venture Capital International and debt investment firm ADM Capital, becoming the majority shareholder in the business.
Cerberus misses Foster's wine business, TPG, KKR in frame
Cerberus Capital Management, the US buyout firm specializing in turnaround investments, was the private equity firm that offered to buy 100% of the Treasury Wine Estates unit of Australia’s largest beer maker, Foster's Group, for up to $2.5 billion,...
CITIC PE takes four coal miners in Shaanxi at a discount
CITIC Private Equity Funds Management Co., Ltd. (CITIC PE), the second largest industrial investment subsidiary of major PRC conglomerate CITIC Group, will acquire four medium-to-large size state-owned coal companies in Shaanxi province.
First Eastern backs Japanese low-cost airline with ANA
First Eastern Investment Group, the leading private equity firm based in Hong Kong and headed by Victor Chu, will take a 33.3% stake in Japan’s first-ever budget airline company alongside All Nippon Airways (ANA), which will hold 39%.
Oz Foster's rejects $2.46b wine offer from new PE player
Foster's Group, Australia's largest beer maker, has turned down a buyout proposal for its Treasury Wine Estates unit of up to A$2.7 billion ($2.46 billion), reportedly from an unnamed US private equity player hitherto inactive in the region.
Nan Shan a no-go for Primus
The sale of AIG's Nan Shan Life Insurance unit to China Strategic and Primus Financial Holdings was poised to be one of Asia’s biggest private equity deals of the year, but following regulators’ rejection of a consortium’s $2.15 billion bid, it...
3G Capital gets Burger King
A US private equity firm, 3G Capital Management, has agreed to a $3.3 billion buyout of Burger King, with a $4 billion price tag including assumption of debt that will make it the largest LBO of a fast food chain in the world, with the buyer's big plans...
Navis, PE firms vie for Carrefour's Southeast Asia assets
Private equity firms including Navis Capital Partners are said to have taken part in a preliminary bidding round for Carrefour’s assets in Singapore, Malaysia and Thailand, taking on retailers from Asia and Europe for the billion-dollar target.
DBJ's mezzanine financing supports K Tech's MBO
The Development Bank of Japan (DBJ) has thrown its support behind the management of K Technology Corporation in its endeavor to launch an MBO - a move that would see Japanese PE firm Risa Partners part ways with its asset.
CHAMP in talks for Contract Aviation Industries
CHAMP Private Equity has emerged as a potential bidder for Australian aircraft and helicopter leasing company Contract Aviation Industries, joining US buyout major The Carlyle Group to vie for the asset.
Regulators block Nan Shan sale to China Strategic and Primus tandem
Taiwan's Financial Supervisory Commission has rejected the $2.15 billion acquisition bid for AIG’s local unit Nan Shan Life Insurance launched by China Strategic and Primus Financial Holdings, with sources attributing their reservations to the consortium’s...
Wise paints the town with Teibow
Tokyo-based private equity firm Wise Partners has won the takeover contest for Teibow Co., a leading Japanese maker of felt pen nibs, from Goldman Sachs, in a deal estimated at around JPY12 billion ($141 million). The Development Bank of Japan (DBJ) was...
Potash a hot commodity
When Canadian fertilizers mining leader PotashCorp formally rejected Australia-headquartered resources major BHP Billiton’s $130-per-share, $39 billion takeover bid last week, expectations were triggered that multiple higher bids would emerge from some...
Taiwanese diplomat plans for Nan Shan counter bid
In an effort to thwart a consortium led by China Strategic and Primus Financial Holdings from taking control of AIG’s Taiwanese unit Nan Shan Life Insurance, retired Taiwanese diplomat Wang Shih-jung has set up a company financed by Japanese and Qatari...
Tata Capital in talks to acquire TT Forex
Tata Capital is reportedly nearing a deal with Indian conglomerate TTK Group to acquire its foreign exchange unit TT Forex.
TPG nears Vishal acquisition
One month after TPG Capital encountered unexpected opposition from Indian retail brand Future Group in its bid for control of distressed domestic superstore chain owner Vishal Retail, TPG has reportedly been given its necessary break as Vishal’s shareholders...
Hopu may bid for Potash
Hopu Investment Management may be contemplating participation in a bid for Canada's Potash Corp, currently opposing a $39 billion hostile takeover bid from BHP Billiton, according to reports.
Wise Partners outbid PE rivals to take Goldman's Teibow
Wise Partners, a Japanese private equity firm, will buy Teibow Co., a local maker of felt pen tips, from US investment bank Goldman Sachs for between JPY10-15 billion ($117-176 million).
Korea's KDB buying Daewoo Engineering without fund platform
South Korean government-owned policy bank Korea Development Bank (KDB) will directly acquire Daewoo Engineering and Construction, previously controlled by the Kumho Asiana Group, which is currently struggling under substantial debts, rather than establishing...
China's Huaneng Group, Ontario Teachers eye GMR's US investee
US-based power utility InterGen NV., 50:50 owned by India’s GMR Infrastructure Ltd and Canadian LP Ontario Teachers’ Pension Plan, is in talks to divest half of the company to suitors, including China’s largest energy company China Huaneng Group...
MBK-backed Taiwanese TV firm gets Sony bid
Japanese electronics giant Sony Corporation has made an NT$6 billion ($188 million) acquisition bid for MBK Partners-backed Taiwanese cable television company Gala TV, according to local reports.
Anchorage to buy Boral business units
Sydney-based private equity firm Anchorage Capital Partners has agreed to acquire the formwork and scaffolding business of local player Boral Ltd which engages in manufacture and supply of building and construction materials in Australia, the US and Asia,...
Silver Lake says ‘yes’ to Allyes
Global PE firm Silver Lake is set to take a 62% stake in digital ad service Allyes Online Media Holdings Ltd. from Focus Media in a $124 million deal to take indirect equity ownership of Allyes and its consolidated subsidiaries and affiliates – a unique...
Ant, SBI start TOB for Japan's VSN
A consortium called R Holdings, owned by Japanese private equity funds SBI Holdings, Ant Global Partners and Stamford Growth Investments, a division of SBI’s investment subsidiary, has kicked off a tender offer buyout of VSN Inc., a listed personnel...