Buyouts
China VCs get more selective - AVCJ Forum
Chinese venture capital firms are doubling down on areas in which they have domain expertise as the spectrum of opportunities widens, industry participants told the AVCJ Forum.
GPs see specialization as antidote to challenging market - AVCJ Forum
Investors at the AVCJ Forum offered optimistic outlooks for 2020 but said tighter deal markets would demand specialization in defensive sectors and a closer watch on valuations.
Unison agrees $526m Japan pharma carve-out
Unison Capital has agreed to buy Kyowa Pharmaceutical Industry, a Japanese subsidiary of India-headquartered drug manufacturer Lupin for an enterprise valuation of JPY57.4 billion ($526 million).
Deal focus: BGH taps LP expertise for Australia, NZ dentistry deal
Ontario Teachers' Pension Plan is the sole LP co-investor in BGH Capital's acquisition of Abano Healthcare by virtue of its previous experience with dentistry chain assets
PAG, Centurium win firm of the year prizes at AVCJ Awards
PAG Asia Capital and Centurium Capital secured the two firm of the year prizes at the 2019 AVCJ Private Equity & Venture Capital Awards, while Renuka Ramnath of India’s Multiples Alternative Asset Management won the AVCJ Special Achievement Award.
CPE adds to Australian defense, aerospace assets
CPE Capital – formerly known as CHAMP Private Equity – has secured its second Australian defense sector deal in eight months with an agreement to buy Levett Engineering.
CDIB completes acquisition of Taiwan's Jintex
CDIB Capital has confirmed completion of its NT$1.9 billion ($61 million) acquisition of Taiwanese chemicals producer Jintex.
Quadrant wins board approval for buyout of Australia's QMS Media
Quadrant Private Equity has agreed to buy Australian outdoor advertising business QMS Media Group for an enterprise valuation of A$571.6 million ($392 million) through a scheme of arrangement.
Deal focus: Cornell picks Lorom for Asia debut
Cornell Capital, a US-based mid-market buyout firm, is starting to realize its Asian ambitions with an investment in Taiwan-based industrial supplier Lorom Holding. Bolt-on expansions appear likely
Japan's J-Star forms media platform with three acquisitions
Japanese private equity firm J-Star has acquired three local internet media companies with a view to bundling them into an acquisition platform for the sector.
Deal focus: Navis pursues durian farm modernization
Nearly $100 million has been earmarked for the development of upstream farming and downstream processing so that Chinese buyers can have faith in Malaysia's durian suppliers
Cornell Capital completes first Asian investment
US-based mid-market buyout firm Cornell Capital has made its first investment in Asia with a commitment to Taiwan-headquartered cable manufacturer Lorom Holding.
Foreign divestments drive China deal flow - M&A Forum
Divestments by multinationals are expected to remain a key theme in China M&A as companies consider whether they still want direct exposure to a market in which growth is slowing and the competitive environment is increasingly complex.
Australia's BGH completes cybersecurity roll-up
BGH Capital is looking to bring scale, capital and cross-selling opportunities to the still fragmented cybersecurity space in Australia and New Zealand
Philippines PE: Power dynamics
A virtually impenetrable middle market under the control of incumbent conglomerates is the least governable of the systemic obstacles facing private equity hopefuls in the Philippines
Korea's ACE Equity buys stake in semiconductor testing player
ACE Equity Partners, a Korean private equity firm that operates on a project fund basis, has agreed to invest KRW205 billion ($174 million) in local semiconductor testing specialist Tesna.
Navis buys Malaysian durian producer
Navis Capital Partners has acquired Malaysian durian products exporter Hernan Corporation with a view to leveraging strong demand for the fruit in China and in Chinese communities globally.
Anacacia backs Australian industrial consulting business
Anacacia Capital has invested in Root Partnerships, which claims to be one of Australia’s largest independent infrastructure advisory and project management firms.
VIG acquires Korean education business
VIG Partners has agreed to pay KRW165 billion ($137 million) for a controlling stake in D.Share, an online-offline English language education provider in Korea.
Glenwood agrees $263m Korean glass carve-out
Glenwood Private Equity, a GP led by the son of Samsung Group’s former vice chairman, has agreed to buy the Korean glass-making operation of France-based Saint-Gobain for an enterprise value of EUR240 million ($263 million).
Bain buys Japanese email business from Cheetah Digital
Bain Capital Private Equity has acquired the Japanese email services business of Cheetah Digital, a US marketing firm backed by San Francisco-based Vector Capital.
New Mountain Capital buys US-India BPO player
US private equity firm New Mountain Capital has agreed to acquire Emids, a US-headquartered business process outsourcing (BPO) provider with extensive operations in India, for an undisclosed sum.
Japan Industrial Partners agrees manufacturing carve-outs
Japan Industrial Partners (JIP) is poised to complete two carve-outs in the copper tube manufacturing space, having agreed to acquire a majority stake in a Kobe Steel-Mitsubishi Material joint venture and buy a division from Furukawa Electric.
New Zealand's Fonterra exits pharma business to CVC
New Zealand dairy group Fonterra has agreed to sell its stake in DFE Pharma, a 50-50 joint venture with Royal FrieslandCampina of the Netherlands, to CVC Capital Partners for NZ$633 million ($398 million).