Buyouts

MBK KEB bid status in doubt

MBK Partners' bid for the 51% stake in Korea Exchange Bank owned by Lone Star Funds is in doubt following conflicting reports from Korea, with some media indicating that the buyout firm has failed to put together an acquisition consortium, and others...

Taiwan gives Nan Shan bid final review

Taiwanese officials are reportedly making their final determinations in deciding the fate of AIG’s local arm Nan Shan Life Insurance, the $2.15 billion acquisition target of a consortium led by China Strategic and Primus Financial Holdings.

US groups consider Whitehaven Coal buyout

American infrastructure PE firm First Reserve and US coal producer Alpha Natural Resources are reportedly eyeing Australia’s Whitehaven Coal Ltd. and considering a buyout deal that could be worth more than A$3 billion ($2.75 billion).

CPPIB Intoll discussions ongoing

Canada Pension Plan Investment Board is still in discussion with Australian ASX-listed toll road player Intoll Group over its $3.44 billion privatization offer, according to a statement from the target.

Hana in line for Woori, may target KEB

Hana Financial Group, Korea's fourth-largest lender, has emerged as the sole current contender for Woori Financial Group, with the Blackstone Group apparently not putting forward its expected bid, though Hana has said it also may consider a bid for Lone...

IL&FS acquires Saffron Assets Advisors

IL&FS Investment Managers has acquired for an undisclosed amount the real estate-focused PE firm Saffron Assets Advisors, which has $400 million under management, bringing the total assets under IL&FS’ management to $3.2 billion and securing its spot...

Silver Lake to buy Allyes from China's Focus Media

Global PE firm Silver Lake is set to take a 62% stake in digital ad service Allyes Online Media Holdings Ltd. in a $124 million deal that sees power for the company transfer from China’s Focus Media Holding Ltd., which fully purchased Allyes in 2007.

ANZ back in KEB frame?

After a stop-and-go involvement in the auction of Lone Star Funds' 51% stake in Korea Exchange Bank, which included a statement earlier this month that it was not considering any deals at all, Australia and New Zealand Banking Group (ANZ) may now be about...

Bain goes for Mr. China’s ASIMCO

Bain Capital is to become the controlling shareholder of ASIMCO Technologies Ltd., the Beijing-based manufacture of automotive components made famous by the book ‘Mr. China,’ for $150 million.

Gung-ho for Kyobo as buyout firms assess stake

Potential private equity buyers, specifically Affinity Equity Partners and the Carlyle Group, are doing due diligence on a potential 24% significant minority stake opportunity in Kyobo Life Insurance Co., Korea’s third-largest insurer and second-largest...

Yellow Pages auction up a gum tree?

Unitas Capital and Ontario LP direct investment major Teacher’s Private Capital are reportedly hunting for buyers for New Zealand’s Yellow Pages Group, having launched a sale process for the estimated $700 million asset – more than 50% lower than...

Khazanah wins Parkway

Malaysian SWF Khazanah Nasional has reportedly won the battle with Fortis Healthcare for control of Singapore hospital asset Parkway Holdings, after the latter opted to sell its entire 25.37% stake to Khazanah, as the SWF launched a $2.56 billion general...

Unitas, OTPP ready NZ Yellow Pages for sale

Offering up the asset that launched NZ's much-praised "yellow tree house" ad campaign, regional buyout firm Unitas Capital and its co-investor Ontario Teachers Private Capital have kicked off the exit process from boom-era Antipodean telecoms investment...

Actis to buy Halonix's general lighting unit

Emerging markets-focused PE firm Actis Capital is to fully acquire the loss-making general lighting business of Indian halogen bulb and lamp manufacturer Halonix, a company in which it currently holds a 66% controlling stake.

TPG encounters hurdle in Vishal acquisition

Months after news surfaced that TPG Capital was set to link with distressed Indian superstore chain owner Vishal Retail, domestic retail brand Future Group, headed by prominent entrepreneur Kishore Biyani, has reportedly made an offer for the brand which...

Carlyle, TPG pick up Healthscope for $1.73 billion

The Carlyle Group and TPG Capital have won out in a bidding contest for Australian private hospitals and pathology services operator Healthscope Ltd., with an A$1.99 billion ($1.73 billion) all-cash offer that has already been unanimously recommended...

MBK CNS process could jumpstart Taiwan deals

North Asia-focused buyout firm MBK Partners has started the formal sale process for its Taiwanese cable TV/broadband asset China Network Systems (CNS) with the first bidding round, forecast to fetch up to $2.5 billion in a deal shaping up to be one of...

Carlyle, Affinity assessing Kyobo Life stake - reports

The Carlyle Group and Affinity Equity Partners are conducting due diligence on Kyobo Life Insurance Co., one of Korea's top three life insurance players, according to Korean reports, with a view to picking up a 24% stake in the business estimated at up...

San Miguel evaluates Carlyle, CVC Pure Foods buyout offers

Philippines conglomerate San Miguel Corp. said it is reconsidering offers from the Carlyle Group and CVC Capital Partners to buy 100% of its subsidiary Pure Foods, coming as it weighs the three domestic and one offshore offers it reportedly received last...

Khazanah may boost Parkway offer to beat Fortis

Following an offer by Malaysian sovereign wealth fund Khazanah Nasional to take a 51.5% stake in Singapore-based hospital group Parkway Holdings for $835 million, or S$3.78 ($2.75) a share, Khazanah is considering offering S$4.00 ($2.90) a share in order...

Carlyle, TPG wrap up Healthscope for $1.73 billion

The Carlyle Group and TPG Capital have successfully concluded their bid for Australia's Healthscope with a A$1.99 billion ($1.73 billion) all-cash offer, well above previous expectations, in the biggest Australian private equity deal since 2007.