Buyouts
Deal focus: Carlyle pursues largest India animal healthcare deal
The Carlyle Group is willing to invest as much as $210 million in SeQuent Scientific to get a head start in India's rapidly evolving animal healthcare industry
Japan Industrial Partners to buy Olympus' imaging division
Japan Industrial Partners (JIP) has agreed to acquire Olympus Corporation’s camera and lens business, which has posted losses in each of the last three years.
Bain to buy Virgin Australia
Bain Capital has entered into an agreement to acquire and recapitalize beleaguered airline Virgin Australia Holdings (VAH).
Deal focus: Running the CFIUS gauntlet for Grindr
Grindr, America's most popular LGBTQ dating app, was only put up for sale because its Chinese owner violated foreign investment regulations. San Vicente's subsequent $560 million acquisition faced intense scrutiny
Chinese IPOs: One less option
Will Chinese companies listed in the US become the latest casualties of tensions between the two countries? It could lead to a narrowing in IPO exit options for PE and VC investors
Five V buys New Zealand software developer
Australian private equity firm Five V Capital has acquired a controlling stake in New Zealand employee management software provider Totara for an undisclosed sum.
Mercury buys Bauer Media's Australia, New Zealand assets
Sydney-based private equity firm Mercury Capital has agreed to acquire the Australia and New Zealand assets of Germany’s Bauer Media, including an extensive magazine portfolio.
PE investors agree $8.7b take-private of China's 58.com
58.com, China’s leading online classifieds marketplace, has agreed to be acquired by a consortium of private equity investors at an implied equity valuation of $8.7 billion.
Asia gyms: Muscling through the mire
Fitness centers have continued to woo investors during COVID-19 despite patchy progress in the reopening of gyms and difficult-to-digitize business models
BGH buys health centers from Australia's Healius for $341m
BGH Capital has agreed to acquire the primary care business of Australia’s Healius – comprising medical centers, GP practices, and dental clinics – for an enterprise valuation of A$500 million ($341 million).
CVC seeks control of India healthcare player HCG
CVC Capital Partners is looking to acquire majority control of Indian cancer care center operator HealthCare Global Enterprises (HCG) in a deal that could be worth up to IN10.4 billion ($$138.9 million).
Corporate carve-outs: Seller's dilemma
Private equity investors expect to see more divestments by Asian conglomerates, but a torrent of new deals is unlikely. Much rests on when the seller is confident enough to pull the trigger
Baring pursues $1.1b privatization of India's Hexaware
Baring Private Equity Asia, which already holds a majority stake in Indian IT services provider Hexaware Technologies, is offering to privatize the business at a valuation of INR85 billion ($1.1 billion).
PE-backed group resumes pursuit of Malaysia's Yee Lee
A Dymon Asia Private Equity (DAPE)-backed privatization of Malaysia’s Yee Lee Group – which did not proceed last year – has been reactivated at a reduced valuation of MYR394.7 million ($92.4 million).
Portfolio: Anacacia Capital and Duncan Solutions
Following its investment in Duncan Solutions in 2018, Anacacia Capital is helping the parking management systems provider tap into demand arising from Australia’s smart city movement
Deal focus: IMM overcomes distancing disruption
Health and safety was a priority when IMM Private Equity negotiated a $413 million carve-out of Korea Kolmar Holdings' drug outsourcing business against the backdrop of COVID-19
Coronavirus & due diligence: Split screen
Finding the right balance between offline and online communication for completing due diligence processes is a tricky endeavor for PE and VC investment professionals in Asia
OPTrust joins consortium bidding for Australia's Zenith Energy
Canadian pension fund OPTrust has joined Pacific Equity Partners in the consortium looking to buy Australia-listed off-grid power provider Zenith Energy for an enterprise valuation of A$250 million ($163 million).
IMM agrees $413m Korea pharma acquisition
IMM Private Equity has agreed to acquire Korea Kolmar Holdings’ pharmaceutical contract development and manufacturing organization (CDMO) for KRW512.5 billion ($413 million).
Exacta leads acquisition of Anytime Fitness Asia
Exacta Capital Partners, a Singapore-based private equity firm affiliated with Mizuho Bank, has led an acquisition of gym operator Anytime Fitness Asia for an undisclosed sum.
IDG, Accel back take-private of Hong Kong's Sky Solar
IDG Capital Partners and Accel Partners have joined a take-private bid for Sky Solar Holdings that values the Hong Kong-based and NASDAQ-listed power provider at around $2.5 billion.
Bain confirms pursuit of Virgin Australia
Bain Capital is in the second round of bidding for Virgin Australia Holdings (VAH) and has pledged to give the beleaguered airline “a sustainable, long-term future.”
EQT faces legal action after scrapping NZ aged care deal
New Zealand retirement village operator Metlifecare has filed legal action aimed at forcing EQT Partners to fulfill an acquisition that it decided to terminate due to COVID-19.
Deal focus: KKR's Colonial First State breakthrough
Divestments of non-core assets by Australia's big four banks are keenly tracked by strategic players and financial sponsors. KKR's investment in Colonial First State represents the first PE deal of this nature