Buyouts
Lone Star KEB stake sale resumes
Lone Star Funds' sometimes controversial investee Korea Exchange Bank has stated that the investor's long-delayed trade sale exit from its 51% stake is about to resume.
Taiwan regulator confirms Nan Shan sale terms
Taiwan's Financial Supervisory Commission has confirmed its five conditions for allowing the prospective buyers of Nan Shan Life Insurance, including Primus Financial Holdings, to acquire the local insurance major from American International Group.
Mystery buyer for Morgan Stanley CICC stake
China International Capital Corp. (CICC) chairman Li Jiange said publicly that his bank's longterm investor Morgan Stanley had finally fixed a buyer for its 34.3% CICC stake - but he declined to say who.
Buyouts still viable in Asia Pacific: ANZ Forum
GPs, LP and other market players at the AVCJ Private Equity & Venture Forum \ ANZ 2010 confirmed that they feel buyouts are still viable deals in Asia Pacific, as long as targets are exceptionally strong.
Tokio Marine takes over Bushu Pharmaceuticals
Tokio Marine Capital, the Japanese private equity arm of Tokio Marine & Nichido Fire Insurance Co., Ltd. will acquire 100% of Bushu Pharmaceuticals, a provider of drug manufacturing services, from listed company Shionogi Pharmaceuticals.
AIG Nan Shan deal still in the dark
Taiwan’s foreign investment regulator reportedly is still facing discussions in parliament over the now-controversial $2.2 billion sale by American Insurance Group (AIG) of its local Nan Shan Insurance subsidiary to China Strategic and Primus Financial....
Morgan Stanley on track for KKR/TPG CICC exit
US private equity giants Kohlberg Kravis Roberts & Co. (KKR) and TPG Capital have emerged as the final bidders in the auction to take the 34.3% stake in China International Capital Corp (CICC), the nation’s largest investment bank, from Morgan Stanley...
Stokes Seven deal bets against media
Australian billionaire Kerry Stokes has merged publicly-listed media group Seven Network, which he co-owns with Kohlberg Kravis Roberts & Co., with his unlisted heavy machinery and mining business WesTrac, in an A$1 billion ($900 million) all-share deal....
Kirin sells two subsidiaries to Dutch fund H2
H2 Equity Partners, a Netherlands-headquartered private equity firm, will buy two subsidiaries of Kirin Holdings, the Japanese beverages giant.
SBI Holdings takes majority stake in Searchina
SBI Holdings Inc, the Japanese financial group involved in private equity and VC investment, has acquired a 75.7% stake in Searchina Co. Ltd., a Tokyo-based provider of Chinese financial markets-related information services, for an undisclosed sum.
GS Retail goes to Lotte, not private equity
South Korean discount and department store group GS Retail is reportedly being acquired by Lotte Group for some $1.2 billion – not by Kohlberg Kravis Roberts & Co. or the other private equity group reportedly involved in bidding for the asset.
Oz media rebates may help PE investees
Rebates announced by the Australian government for the next two years on the license fees that commercial free-to-air broadcasters pay to the state may prove a lifeline to hard-pressed private equity investors in the sector. Australia’s channels Seven,...
Bain, KKR, TPG may get CICC from MS
Bain Capital, Kohlberg Kravis Roberts & Co. and TPG Capital are reportedly on the shortlist for the final round of bidding for Morgan Stanley’s $1 billion+ stake in PRC investment bank China International Capital Corp. (CICC).
Private equity leaders eye GS Retail in Korea
US buyout leader Kohlberg Kravis Roberts & Co., South Korea-originated MBK Partners and Hong Kong's Affinity Equity Partners have all emerged as potential bidders for GS Retail,a retail business affiliate of South Korean conglomerate GS Group.
CVC AP makes Indonesia retail play
CVC Capital Partners Asia Pacific (CVC AP) caught the market off-guard as it came to light that its Indonesia venture had purchased the department store arm of PT Matahari Putra Prima for 7.2 trillion rupiah ($773 million).
Actis may exit troubled Nilgiri stake
Emerging markets specialist Actis may reportedly be about to exit its troubled 65% stake in India’s Nilgiri Dairy Farm group after reaching litigation with the company’s founding Mudaliar family, who still hold a 35% stake in the business.
CVC AP, MBK may be in Korea Pru bid
Pan-regional private equity funds CVC Asia Pacific and MBK Partners reportedly may be among the four or five shortlisted bidders for Prudential Asset Management and Prudential Investment & Securities, the Korean units of Prudential Financial Inc. now...
KDB eyes Siam City Bank
Korea Development Bank (KDB), South Korea's state-owned bank and private equity investor, has emerged as one of the potential bidders for Siam City Bank, the seventh largest bank in Thailand, which is 47.6% owned by the Thai government.
Bidder may form fund to buy Prudential assets
US life insurance and asset management company Prudential Financial Inc. is seeking buyers for its Korean subsidiaries, Prudential Asset Management and Prudential Investment & Securities, with four or five bidders apparently participating in the auction,...
Bain gets Domino's takeaway
US private equity firm Bain Capital has announced that it will take 100% of Higa Industries Co., the Tokyo-based company that operates Domino’s Pizza in Japan, from the three existing shareholders, including Higa’s founding CEO.
Standard Chartered Private Equity eying two supermarkets in China
Standard Chartered Private Equity has been named as one of the potential bidders for two PRC retail assets, including an 80% stake in Joindoor Hypermarket, a supermarket chain based in Hunan province with about 110 outlets across the region, and 100%...
PEP powers up control
At first glance, Australian private equity major Pacific Equity Partners’ (PEP) determined takeover bid for Australian renewable energy company Energy Developments (ENE) – even though it has recently expanded its shareholding to more than 50% after buying...
Navis paints a pretty face with Alliance Cosmetics
Navis Capital will put its mark on yet another Southeast Asian consumer company as it takes a 70% controlling stake in Alliance Cosmetics Group.
KDB digs into Kumho
South Korea’s state-owned Korean Development Bank (KDB), will take a 50 % plus 1 share stake in Daewoo Engineering and Construction Co., for KRW2.9 trillion ($2.5 billion) through its private equity fund, under the workout program for the distressed...