Buyouts

CVC said joining KKR Healthscope bid

CVC Capital Partners may be joining Kohlberg Kravis Roberts & Co. in its A$1.84 billion ($1.56 billion) bid for Australia's Healthscope Ltd., in contention against a consortium of the Carlyle Group and TPG Capital, as well as Dallas-headquartered US strategic...

Longreach bids for Sanyo Electric Logistics

The Longreach Group will launch a tender offer for Sanyo Electric Logistics, a provider of logistic solutions which currently sits under parent company Sanyo Electrics, itself 50.27% controlled by larger industry peer Panasonic Corp since December 2009...

Private equity joins Ssangyong bid

Seoul Investment, a Korean private equity firm, has joined the bidding for local carmaker Ssangyong Motor Co., alongside Indian strategic bidders Mahindra & Mahindra Ltd., and Ruia Group, Renault SA, and Korean industry peers SM Group and Young An Hat...

KKR, others cited for Healthscope

Kohlberg Kravis Roberts & Co. and an unnamed strategic bidder have been cited as the latest contenders for Australia's Healthscope Ltd., entering bids of around A$1.84 billion ($1.56 billion), marginally above the A$1.8 billion ($1.5 billion) already...

Khazanah seeks Parkway takeover

Malaysian SWF Khazanah Nasional is seeking to raise its stake in Parkway Holdings, the Singapore hospitals business recently exited by TPG Capital to India's Fortis Healthcare, from its present 23.5% to 51.5%, for some S$1.18 billion ($835 million).

Longreach targets Sanyo Logistics via tender offer

The Longreach Group, the Hong Kong-headquartered regional private equity firm, will launch a tender offer for Sanyo Electric Logistics, the JASDAQ-listed provider of logistics solutions, for a probable total transaction value of JPY17.9 billion ($200...

Healthscope: A healthy deal

The still-developing and much-covered privatization bid for Australian listed private healthcare provider Healthscope Ltd. by a consortium that now allegedly includes TPG, Carlyle and newcomer Blackstone is fast turning into a diagnostic test for the...

Advantage, J-Will, TPG in frame for Anabuki

Private equity bidders including Advantage Partners, J-Will Partners and TPG Capital are into the final round for Anabuki Construction Ltd., a defunct apartment developer based in Japan's southern island of Shikoku, in a deal worth at least $222 million...

CSRC review of MS CICC stake sale begins

Morgan Stanley has begun the formal application process to the China Securities Regulatory Commission (CSRC) for the sale of its 34.3% stake in PRC investment bank China International Capital Corp. (CICC).

Healthscope bidders raise price, nix breakup

The private equity bidders for ASX-listed hospital business Healthscope - still unconfirmed but widely reported as the Carlyle Group and TPG Capital - have raised their bid for the target to A$5.75 ($4.86) per share, totaling A$1.8 billion ($1.5 billion),...

Blackstone opens Oz office

The Blackstone Group has announced the opening of an office in Australia to capitalize on local LBO opportunities.

Japan Industrial Partners helps privatize JAA

Japan Industrial Partners (JIP) will help privatize JASDAQ-listed car auction site Japan Automobile Auction, known as JAA, through a tender offer with a value of JPY12.9 billion ($140 million), or JPY140,000 ($1520) per share, a 52% premium over the...

First Reserve gets large Calibre

Resources-focused private equity firm First Reserve Corp. has taken a 75%+ stake in Western Australian engineering firm Calibre Global, reportedly for at least A$100 million ($86 million).

Actis KS Distribution deal approved

Emerging markets private equity firm Actis, has formed KS Distribution Pte. Ltd., an oil, gas and marine products distribution company, in partnership with Singapore-based KS Energy Services Ltd.

CPPIB/OTPP reach end of road with Transurban

In what looks like the end of the road for the takeover bid by Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers’ Pension Plan (OTPP) for Australian toll road operator Transurban Group, the Transurban board rejected a higher offer...

CIC invests Penn West oil sands

China Investment Corporation has continued the recent trend of PRC investment in Canada's northern oil sands regions, paying C$817 million ($801 million) for 45% of energy trust Penn West's Peace River project.

CITIC Capital Japan to take Higashiyama Film

HF Holdings, a wholly-owned special purpose vehicle formed by CITIC Capital Holdings Ltd, CITIC Capital Japan Partners II LP, Castle Rock Holdings SPRL and Wealth Rock Holdings SPRL, has announced it will acquire 55.3% of Higashiyama Film Ltd from its...

CAS Capital to privatize JASDAQ's Merktec for $65 million

CAS Capital, a Tokyo-based investment firm targeting management buy-ins and buyouts, will sponsor the privatization of Marktec Corporation, a JASDAQ-listed maker of non-destructive testing (NDT) products, through a tender offer, with a total value of...

Longreach Group may win Sanyo logistics company

Hong Kong-headquartered private equity firm The Longreach Group has emerged as the potential lead bidder for Sanyo Electric Logistics Co.,Ltd, a Japanese logistics company owned by Sanyo Electric, the electronics manufacturer acquired by Panasonic in...

Movement in Pakistan with Shell LPG bids

Private equity in Pakistan has shown unprecedented activity with a competitive auction developing for Shell Petroleum's stake in Shell Gas Pakistan between JS Private Equity and local strategic Jamshoro Joint Venture Ltd, as well as a possible third bidder....

GOME reappoints Bain directors after eviction attempt

The board of Bain Capital investee GOME Electrical Appliances reappointed Bain representative non-executive directors Jonathan Zhu, Ian Reynolds and Wang Li Hong after two significant affiliated shareholders voted against their reappointment at the company's...