Buyouts
PEP bids $517m for Australia's Village Roadshow
Pacific Equity Partners (PEP) has submitted a A$761.2 million ($517 million) bid for Village Roadshow, an Australian media company that operates cinemas and theme parks and has interests in film production and distribution.
Anacacia takes stake in Australia logistics business
Anacacia Capital has made an investment of unspecified size in Direct Couriers, a courier and logistics services provider that operates in Australia and New Zealand.
The crystal ball: Predictions for 2020
Industry experts weigh in as a range of macro factors promise to reshape markets across the region. Political, demographic, and scientific variables loom large
Denham, Nexif acquire Vietnam hydro player
Resources industry private equity firm Denham Capital and Singapore-based power management company Nexif have jointly acquired a 94% stake in Vietnam’s Song Giang Hydropower.
Q&A: Permira's Kurt Bjorklund
Kurt Bjorklund, a co-managing partner at Permira, explains how a sector-focused investment style is becoming indispensable in Asia’s competitive and disruption-prone markets
Macro uncertainty to drive increased Korean M&A
Difficult economic and political conditions bode well for the Korean PE industry in the near term, according to Michael Chung (pictured), head of Korea at Morgan Stanley Private Equity Asia (MSPEA).
Taiwan technology: Homeward bound?
Taiwan is encouraging its industrial technology manufacturers to relocate operations from the mainland to the domestic market in response to China-US tensions. This may create openings for PE and VC investors
2019 in review: Falling short
Fundraising, investment and exits in Asia are unlikely to match last year as pan-regional funds take a back seat, large-cap buyouts remain in short supply, growth-stage tech loses its edge, and IPOs flounder
Carlyle offers $197m for Australian debt collector
The Carlyle Group is bidding to acquire Pioneer Credit, a listed financial services provider specializing in consumer debt collection in the Australia and New Zealand markets, for an enterprise valuation of approximately A$288 million ($197 million)....
Growth investors enable India buyouts - AVCJ Forum
A proliferation of venture capital and private equity players as minority investors in Indian companies is having a knock-on effect on the availability of control deals, industry participants told the AVCJ India Forum.
Succession, global expansion drive Taiwan deal flow - AVCJ Forum
Private equity investors see helping solve succession planning issues and taking local companies global as the key opportunities in Taiwan.
PSP buys Australian almond orchards, water rights
Schroder Adveq has sold 12,000 hectares of almond orchards in Australia to Canada’s Public Sector Pension Investment Board (PSP) for an undisclosed sum. The pension plan has also agreed to pay Olam International A$490 million ($332.5 million) for permanent...
India PE: Careful carving
Driven by distress and strategic rationale, Indian corporates are more willing to sell off attractive assets. Private equity investors must figure out what might be available before it comes on the market
India leveraged finance: Debt delivered
The greater availability of control deals in India is creating opportunities for leveraged lenders as they become more comfortable with the complexities of onshore-offshore capital movements
India middle market: Polarization point
Increased deal flow towards the top end of India’s private equity market is stretching the capacity of mid-tier local managers. What are the implications for co-investment and fund size?
Hudson to privatize Hong Kong's Sky Solar
US cleantech-focused private equity firm Hudson Sustainable Investments is set to acquire a controlling position in Hong Kong-based and NASDAQ-listed power producer Sky Solar Holdings.
Baring Asia to buy Lumenis from XIO for $1b
Baring Private Equity Asia has agreed to buy Lumenis, an Israel-headquartered medical devices manufacturer that counts Asia as its largest market, from XIO Group for a valuation of $1 billion.
PE & QSR: Selling pizza in Japan
From delightfully indulgent pizza toppings to delivery world records, Domino’s Japan has added a splash of color to the food and beverage space. It also served up robust private equity returns
New Frontier Group: Another kind of platform
Led by two former executives with The Blackstone Group in Asia, New Frontier Group has so far looked beyond traditional PE funding channels as it builds large-scale Chinese healthcare platforms
Allegro acquires Australasian furniture retail portfolio
Allegro Funds has agreed to acquire a portfolio of Australian and New Zealand furniture and household goods brands – including Best & Less, Harris Scarfe, Postie, and Debenhams Australia – from South Africa-based retail holding company Steinhoff International....
Advent buys Indian biopharma player
Advent International has agreed to acquire a controlling position in Bharat Serums and Vaccines, an Indian biopharmaceuticals supplier focused on the women’s health segment.
GPs see more cross-border M&A within Asia – AVCJ Forum
The Asian M&A market, typically characterized by cross-border deals with Western entities, is seeing more intra-regional activity, industry participants told the AVCJ Forum.
Investors cautiously optimistic on China buyouts - AVCJ Forum
The emergence of willing sellers, a pullback in competition from strategic investors, and greater availability of leveraged financing are contributing to more buyout deal flow in China.
LPs going direct 'not a front of mind issue' in Asia - AVCJ Forum
Large institutional investors pursuing direct deals on a solo basis represents a logical evolution of the private equity industry and shouldn’t necessarily be regarded as a threat, Asia-focused buyout managers told the AVCJ Forum.