Buyouts
Khazanah Parkway bid "not compelling"
Singapore’s Parkway Holdings Ltd., Asia’s largest publicly listed hospital-management firm and former TPG Capital investee, has released its response to Khazanah Nasional Bhd.’s acquisition bid, saying that its financial advisor Morgan Stanley has...
Providence in lead for CHAMP's Study Group
US-based media and entertainment-focused Providence Equity Partners is reportedly front runner to acquire Australian education-services provider Study Group International from CHAMP Private Equity, six months after the latter first considered taking the...
Actis settles differences over Nilgiri Dairy
Actis Capital has resolved its long-running dispute with the promoters of Nilgiri Dairy Farm, the Indian milk products group it took an ostensible control stake in for $65 million in 2006.
MBK sole bidder for KEB
Pan-Asian independent buyout fund MBK Partners was the only bidder to submit a formal letter of intent to purchase the 51.5% controlling stake in Korea Exchange Bank held by Lone Star Funds and valued at up to $4 billion, according to Korean press reports.
Primus Nan Shan bid gets extension
The consortium led by Primus Financial Holdings and China Strategic Holdings, which has already inked an agreement to acquire Taiwan's Nan Shan Life Insurance from American International Group (AIG), has now announced a sought-after accord with the seller...
Reliance sells India towers
The Blackstone Group, the Carlyle Group and TPG Capital are all in talks with number two Indian cellular provider Reliance Communications, part of India’s Reliance Anil Dhirubhai Ambani Group, over the spinout of the company’s cellular transmission...
Valiant to privatize Fuji Food for $76.7 million
Valiant Partners, a Tokyo-based SME-focused small buyout firm, plans to take Fuji Food Co., a Tokyo-based producer and distributor of cooked foods, private through an MBO.
KKR completes Intelligence acquisition in Japan
Kohlberg Kravis Roberts & Co. has signed a definitive agreement for the buyout of Intelligence Ltd., the recruitment services subsidiary of Tokyo-based cable broadcaster and media content provider Usen, for JPY32.5 billion ($358 million), with both parties...
Blackstone may invest Reliance towers
The Blackstone Group has formed a consortium with US cellular tower operator Crown Castle International to bid for Reliance Infratel, the tower division of Reliance Communications, Indian's Number Two cellular provider, backed by billionaire Anil Ambani.
KKR seeks Intelligence in Japan
US private equity giant Kohlberg Kravis Roberts & Co outbid rival the Carlyle Group and local private equity player Advantage Partners to reach final round talks with Intelligence Ltd., a recruitment services subsidiary of Usen Corp, Japan’s wire broadcasting...
Carlyle Contract Aviation win
The Carlyle Group has consummated its extended pursuit of Contract Aviation Industries with an A$350 million ($291 million) buyout offer for the Australian aircraft and helicopter leasing company, which originally planned to launch an IPO in late March...
KKR in final talks with USEN for Intelligence
US private equity giant Kohlberg Kravis Roberts & Co. has outbid global rival the Carlyle Group and local private equity player Advantage Partners to go into the final round for the acquisition of Japan's Intelligence Ltd., the recruitment services subsidiary...
Primus Nan Shan deal amended
Primus Financial Holdings and China Strategic Holdings Ltd. have amended their $2.15 billion joint agreement to buy Nan Shan Life Insurance Company in Taiwan from American International Group, Inc., placing $325 million in an escrow account for a four-year...
Mizuho Capital to take over Medical Tribune
Japan's Mizuho Capital Partners, the MBO-focused buyout firm 50:50 owned by Mizuho Corporate Bank and its managing principals, will pay JPY5.3 billion ($58 million) to acquire Medical Tribune, a publisher of weekly medical newspapers, from listed Japanese...
IL&FS Milestone invests $122 million in Indian construction company
India’s IL&FS Milestone Fund is poised to take a 74% stake in the Hindustan Construction Co. following an INR5.75 billion ($122.3 million) investment.
Navis bids for Sing shipping container services group
Navis Capital Partners has launched an S$77.4 million ($55 million) bid for Singapore-listed container-services company Eng Kong Holdings, with the intention of taking the company private.
Riverside finds ideal Japan succession play in electronics
Leading SME-focused private equity firm The Riverside Company has acquired 100% of Naka & Co., Ltd., a Japanese manufacturer and distributor of crystal oscillators, a component of almost all electronic equipment.
Tenet backs out of Healthscope, citing disclosure
US hospitals group Tenet Healthcare Corp. has announced its withdrawal from bidding for Australian hospitals and pathology business Healthscope Ltd., leaving the two rival private equity consortia - Kohlberg Kravis Roberts & Co. and CVC Capital Partners...
Primus China Strategic Nan Shan bid triggers resignation
Raymond Or Ching-fai, CEO of China Strategic Holdings - the Hong Kong entity partnered with Primus Financial Holdings in the $2.15 billion joint bid for Nan Shan Life Insurance, the Taiwan unit of troubled US insurance giant AIG - has resigned from the...
Tenet could be out for Healthscope
US hospitals group Tenet Healthcare Corp. may withdraw from bidding for Australian hospitals and pathology business Healthscope Ltd., leaving competition for the A$1.84 billion ($1.56 billion) deal to the two rival private equity consortia of Kohlberg...
Navis offers $55 million for Singapore warehouse firm Eng Kong
Private equity firm Navis Capital Partners has launched a S$77.4 million ($55 million) bid for SGX-listed container services and warehousing company Eng Kong Holdings.
New Silk Route to control 80% of INX Media
India-focused growth capital firm New Silk Route (NSR) is poised to take 80% control of struggling INX Media - up from its current 20% - as part of a deal to buy out the stakes of two existing investors, Temasek Holdings and Kotak Private Equity.
Carlyle makes $291 million Contract Aviation bid
The Carlyle Group has consummated its protracted pursuit of Contract Aviation Industries with an A$350 million ($291 million) bid for the Australian aircraft and helicopter leasing company, which originally planned to launch an IPO in late March before...
Shan quits TPG for own fund
Weijian Shan, hitherto Managing Partner with TPG Capital in Hong Kong and a leading regional investor for the firm, has now stepped down from his post in an apparently friendly departure, looking to form a new fund of his own.