Buyouts
Deal focus: Permira passes Tricor baton to Baring
Permira helped Tricor Group consolidate its position in Asian corporate services and upgrade its product offering. Under Baring Private Equity Asia’s ownership, the CEO wants to build a $10 billion company
Australia deal-by-deal player Alceon sees investment uptick
Australia-based deal-by-deal investor Alceon Private Equity expects to complete four investments this year, having expanded its scope from consumer and retail to include healthcare, childcare, and IT services.
PE investors wary of inflation in 2022 - AVCJ Forum
Inflation is top of mind for Asia-focused private equity investors as they assess the various uncertainties facing the industry in 2022, the AVCJ Private Equity & Venture Forum heard.
Deal focus: Orchestra delivers pizza to Seoul
Banolim has become Korea’s fourth-largest pizza delivery business largely on the back of savvy marketing and expansion in lower-tier cities. Orchestra Private Equity is supporting a rollout in Seoul
Deal focus: Icon retains its private equity appeal
EQT’s $1.67 billion acquisition of Icon Group underscores the recent trend in large-cap buyouts, as well as the long-term growth potential for cancer care specialists in Australia and the wider Asian region
Key takeaways: Apollo Global Management’s Marc Rowan
High valuations, pursuing complexity, and eradicating write-offs were on the agenda when Marc Rowan, co-founder and CEO of Apollo Global Management, spoke at the AVCJ Forum. Here are some highlights
EQT buys Australia cancer care business from PE consortium
Goldman Sachs Asset Management, QIC, and Pagoda Investment – a China-focused GP set up by a former QIC executive – have agreed to sell Australia cancer care provider Icon Group to EQT for a reported valuation of A$2.3 billion ($1.67 billion).
Carlyle acquires Korean cafe operator, Anchor Equity exits
The Carlyle Group has acquired A Twosome Place, a Korea-based café operator with more than 1,400 stores nationwide, from Anchor Equity Partners.
MBK sells Japan's Accordia Golf to Fortress
MBK Partners has agreed to sell Japan-based golf course operator Accordia Golf, which it acquired in 2017 via a tender offer, to Fortress Investment Group.
Ascendent abandons China education take-private
A consortium led by Ascendent Capital Partners has abandoned its planned $230.6 million take-private of Tarena International, a China-based provider of adult professional and K-12 education services.
Baring, Quadrant claim firm of the year prizes at AVCJ Awards
Baring Private Equity Asia (BPEA) and Quadrant Private Equity won the firm of the year prizes at the 2021 AVCJ Private Equity & Venture Capital Awards, as KKR and NewQuest Capital Partners secured two victories apiece, and Weijian Shan received the AVCJ...
Riverside backs Australia clinical trials business
The Riverside Company has acquired Avance Clinical, an Australia-based contract research organization (CRO) with a view to building out its clinical trials business.
Kedaara acquires India digital transformation player
Kedaara Capital has acquired a majority stake in Great Software Laboratory (GS Lab), an India-headquartered provider of digital product engineering services.
Q&A: Thoma Bravo’s Orlando Bravo
Orlando Bravo, founder and managing partner of Thoma Bravo, which claims to be the largest PE investor in software globally, on SaaS in a post-COVID-19 world, the rise of blockchain, and opportunities in Asia
Activists, growth equity among Japan deal drivers - AVCJ Forum
Private equity deal flow in Japan is likely to increase in the coming years, spurred by factors ranging from activist investors to the rise of growth equity, industry participants told the AVCJ Japan Forum.
ShawKwei acquires CR Asia Group for $101m
ShawKwei & Partners has acquired CR Asia Group, a Bangkok-headquartered energy engineering company with a pan-regional presence, for $101 million.
Carlyle resumes pursuit of Australia's Link Group
The Carlyle Group has made a A$2.8 billion ($2.1 billion) buyout offer for Australia-based financial data and fund administration services provider Link Administration Holdings, six months after abandoning a joint bid for the company with Pacific Equity...
PAG buys Japan restaurant business
PAG has bought Gyro Holdings, a Japan-based restaurant operator that operates more than 90 brands, most of them based on izakaya concepts. The size of the deal was not disclosed.
Baring Asia buys Tricor from Permira for $2.7b
Baring Private Equity Asia (BPEA) is set to expand its corporate services provider portfolio, having agreed to buy Tricor Group from Permira for an enterprise value of $2.76 billion.
Q&A: CVC Capital Partners’ Hans Wang
Hans Wang, who leads the Greater China and Asia cross-border teams at CVC Capital Partners, discusses uncertainty in China, the evolution of partnership and control strategies, and how to stay ahead in Asia
Blackstone buys Australia clinical trials specialist
The Blackstone Group has acquired Nucleus Network, which claims to be Australia’s largest phase-one clinical trials provider, for an undisclosed sum. It provides an exit for local GP Crescent Capital Partners.
Pencarrow makes New Zealand clinical research investments
Pencarrow Private Equity has invested in two of New Zealand’s leading clinical research companies, combining them into a single entity in which it holds a 52.3% stake.
Riverside adds to Australia workplace wellbeing rollup play
The Riverside Group has bought Australian injury management and occupational rehabilitation services provider Nabenet as part of a workplace wellbeing rollup strategy.
