Buyouts
Navis paints a pretty face with Alliance Cosmetics
Regional expansion planned for Malaysia’s #1 player
Second coming? China’s M&A market rebounds
China M&A is resurgent, observers say; but activity within it is much changed.
KDB digs into Kumho
Daewoo Engineering, Kumho Life on shopping list
Private equity now in Oz rugby scrum
The resolution of the hotly-contested licensing of the new fifth Australian Super 15 rugby club known as the Australian Rugby Union (ARU), owned by the Melbourne Rebels consortium, has kicked off speculation that private equity will be a new player to...
Abraaj, Waha catch Minnow
Middle Eastern private equity leader Abraaj Capital, in partnership with Abu Dhabi’s Waha Capital, has 100% acquired local offshore petrochemicals support contractor Minnow Marine Projects Ltd. through Singapore’s Stanford Asia, a division of their...
JAIC takes over elderly care business
Japan Asia Investment Co. (JAIC), the Tokyo-based venture firm, has acquired all the shares of Healthy Service Co., an elderly care and nursing services provider in central Japan.
Uncertainty over Shinsei/Aozora merger
Buyout fund-controlled Japanese lenders Shinsei Bank and Aozora Bank may reportedly delay their planned merger, due to numerous problems, such as difficulty integrating systems and differentiation of their separate operations.
Kotak, Mahindra invest Oz aerospace
Indian private equity player Kotak Private Equity Group, in partnership with local conglomerate Mahindra & Mahindra Ltd. through its recently-formed Mahindra Aerospace Pvt Ltd. unit, has taken majority stakes in two Australian aerospace businesses: parts...
No luck for TPG/AA JAL offer?
Japan Airlines Corp. (JAL) and Japan’s Enterprise Turnaround Initiative Corporation (ETIC) reportedly decided to pick Delta Air Lines Inc. as the capital alliance partner for the struggling airline, rejecting a $1.1 billion support proposal from American...
Bain sets recent Japan record with Bellsystem24 buyout
Bain Capital Partners, the Boston-headquartered buyout firm, has announced the completion of its acquisition of Japanese call center operator Bellsystem24, Inc.
Future Fund may join CPP IB, OTPP on Transurban
Australian SWF the Future Fund has announced that it is in discussions with North American institutional investors Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan over potentially joining their bid for local toll road operator...
DE Shaw exits DLF Assets
DE Shaw has reportedly sold its 36% stake in Indian property trust DLF Assets, netting some $500 million.
HSBC PE gets Executive Centre
HSBC Private Equity (Asia) Ltd. has acquired a majority stake in The Executive Centre, a manager of premium rental office spaces in Asia, from Marathon Asset Management, a New York-based alternative investment and asset management company with over $11...
Daiwa, Wilbur Ross to exit Nikko Electric to PRC
Daiwa Securities SMBC Principal Investment Co. and an investment fund run by American investor Wilbur Ross are reportedly planning to sell their 79.1% stake in unlisted Nikko Electric Industry Co., a Japanese manufacturer of auto parts and accessories,...
Australia tax office may hit investments
The Australian Tax Office has made a draft determination stating that in some cases profits from the disposal of assets by private equity firms can be classed as taxable income.
KKR may go to the Max
Kohlberg Kravis Roberts & Co. reportedly may commit up to $117 million into Max India Group, the investment holding company of healthcare and insurance entrepreneur Analjit Singh.
China Pacific raises $3.1 billion as Hopu anchors Carlyle exit
The Hong Kong IPO of China Pacific Insurance raised $3.1 billion in the world’s seventh largest listing of 2009, securing roughly a 5x profit for the Carlyle Group on its total investment of around $800 million between 2005 and 2007.
StanChart, L Capital on the watch with Sincere
Luxury watch retailer picked up in Singapore
GOME ex-CEO charged
Huang Guangyu, the founder and former CEO of Bain Capital investee GOME Electrical Appliances Holding Ltd., one of China’s largest electronics retailers, has finally officially been charged with bribery and insider trading.
Temasek may invest GMR
Singaporean SWF Temasek Holdings may invest up to $150 million into the power unit of Bangalore-based conglomerate GMR Infrastructure, which has reportedly also been in talks with the Carlyle Group and IDFC Private Equity.
AXA Taikang sale hits delays
The proposed c.$1 billion auction of AXA’s 15.6% stake in PRC insurance major Taikang Life, which has already apparently attracted the interest of the Blackstone Group, Kohlberg Kravis Roberts & Co., and Temasek Holdings, has reportedly been postponed.
Bain, GA, KKR cited in CICC stake bidding
Kohlberg Kravis Roberts & Co. has been named as a potential bidder for the 34.3% stake in leading PRC investment bank China International Capital Corp. (CICC) held by Morgan Stanley.
Hopu engages ex-ambassador Randt
Leading $2.5 billion PRC opportunistic private equity fund Hopu Investment Management has engaged Clark T. “Sandy” Randt Jr., the former US Ambassador to China under President George W. Bush, as its new special advisor.
MBK can drive your car – maybe
Affinity, SK Group reportedly also bid