Buyouts
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).
Capricorn Capital acquires Hong Kong accounting firm A-Pass
Capricorn Capital, a UK-based family office, has paid an undisclosed sum for a 67% stake in Hong Kong accounting and corporate services firm A-Pass.
Skybound Capital acquires Australia’s Fair Go Finance
Hong Kong-based private equity investor Skybound Capital has acquired a 60% stake in Australian online loans provider Fair Go Finance for A$20 million ($13.6 million).
Australia leveraged finance: Best blend?
Two years ago, unitranche structures were a novelty in Australia’s leveraged finance market. Now they are an integral part of it. For borrowers and lenders, there might be no turning back
Navis acquires Thailand's Srithai Food Group
Navis Capital Partners has paid an undisclosed sum for a controlling stake in Srithai Food Group, a Thailand-based restaurant supplier focused on the seasoning and condiments segment.
Japan carve-out opportunity moves beyond conglomerates
Japan’s corporate carve-out opportunity set is expanding as smaller firms begin to follow the example of conglomerates, according to domestic mid-market GP Integral Corporation.
Core-plus investment: Expectations game
Capital-flooded markets and rising pressures to deploy have precipitated more flexible investment strategies in private equity. GPs must be careful when crossing between asset classes
PE consortium makes $4.6b take-private bid for China Biologic
Centurium Capital, CITIC Capital and Hillhouse Capital are part of an investor group targeting a $4.6 billion take-private of China Biologic – just over a year after committing new equity to the US-listed company to protect it from other would-be acquirers.
Deal focus: China’s CRCI targets industrial upgrades
In teaming up with China-based Estun Automation to acquire a European industrial technology asset, China Renaissance Capital Investment is pursuing a different kind of growth capital deal
Australia's Quadrant buys control of online beauty retailer
Quadrant Private Equity has completed the fourth investment in six months from its newly established growth fund, with the purchase of a majority interest in Australian online beauty retailer Adore Beauty.
China SOE investment: Uphill battles
Reform efforts in China’s state-owned enterprise space have experimented in mixed ownership with mixed results. Private equity investors see significant opportunity but must proceed with caution
TPG teams up with Malaysian strategic for SE Asia hospital buyout
TPG Capital and Malaysian conglomerate Hong Leong Group have agreed to buy Columbia Pacific Management’s Southeast Asia hospital business for approximately $1.2 billion.
Advent to buy control of Indian snacks producer DFM
Advent International has agreed to acquire a 67.9% stake in Indian snacks manufacturer DFM Foods from investors including WestBridge Capital for INR8.52 billion ($118.7 million). It has made an open offer to buy a further 26% of the company for INR3.26...
Partners Group finds proxy for China sports boom
From Adidas to Li Ning, sportswear brands are expanding aggressively in China. Recent Partners Group acquisition BCR Group is among the leaders in a $2 billion industry that furnishes new stores