Buyouts
Japanese GPs maintain strong investment pace - AVCJ Forum
Deployment remains robust in Japan’s mid-cap space with private equity firms continuing to see plentiful opportunities in carve-outs and founder-succession situations, the AVCJ Private Equity & Venture Forum Japan 2023 heard.
US GP backs Australia skin tanning products brand
Gauge Capital, a US private equity firm with experience in the Australian health and beauty space, has invested in local tanning cream brand Loving Tan. Financial terms were not disclosed.
Paine Schwartz pursues take-private of Australia's Costa
Paine Schwartz Partners has submitted a AUD 1.6bn (USD 1.07bn) buyout offer for listed Australian fresh fruit and vegetables supplier Costa Group – eight years after it took the business public.
Japan M&A: Go digital, go global
Panasonic moved from hardware to software with the acquisition of Blue Yonder, a path that other Japanese corporates are expected to follow. PE investors can sell to them or work with them
Allegro buys PwC's Australia government consulting business
Turnaround specialist Allegro Funds has agreed to acquire PwC’s public consulting business in Australia, which is dealing with the fallout from a tax leak scandal. The sale price is AUD 1 (USD 0.66).
Warburg Pincus buys majority stake in India bath fittings brand
Warburg Pincus has acquired a majority stake in India’s Watertec, an affordable bath fittings brand with a nationwide footprint.
Japan's Integral buys UPT from Advantage, sells BTC to Capgemini
Japanese middle market private equity firm Integral Corporation has acquired United Precision Technologies (UPT), which supplies components used in smart devices, from Advantage Partners and sold IT consulting business BTC to Capgemini.
BPEA EQT, ChrysCapital buy HDFC's India education finance unit
BPEA EQT and ChrysCapital have agreed to acquire a 90% stake in India-based HDFC’s education finance business at a valuation of INR 103.5bn (USD 1.26bn). It has been described as the largest-ever private equity buyout in the country’s financial services...
Advantage Partners SPAC agrees recycling merger
A special purpose acquisition company (SPAC) affiliated with Japan’s Advantage Partners has agreed to merge with Jeplan, a local recycling business specialising in plastic waste.
Next agrees take-private for Australian accommodation manager
Next Capital has agreed to acquire Australia-based holiday accommodation manager Alloggio Group for a valuation of AUD 48.2m (USD 32.7m) after cutting the offer price by 20%.
Bain buys Indian industrial chemicals business
Bain Capital has acquired India’s Porus Labs, a manufacturer of agricultural and speciality chemicals, including pharmaceutical industry ingredients.
Hahn launches tender offer for Korean medical devices player
Hahn & Company has launched a KRW 957bn (USD 735.9m) tender offer for listed Korean medical devices manufacturer Lutronic, working in conjunction with the company’s founder and CEO.
Bain seeks delisting of Chindata within three years of listing
Bain Capital has submitted a USD 2.9bn take-private bid for Chindata Group, a largely China-focused data centre operator that it assembled through a buy-and-build and took public in October 2020.
Japan's J-Star buys freight forwarding company
Japan’s J-Star has acquired local freight forwarding business Japan Trust Holdings for an undisclosed sum as part of a transportation services consolidation play.
Bain boosts take-private offer for Australia's Estia
Bain Capital has increased its take-private offer for Australia-listed aged care provider Estia Health – to a point where the business is valued at about AUD 826.8m (USD 550m) – after an earlier bid was rejected.
DCP agrees carve-out of Cargill's China poultry unit
DCP Capital has agreed to buy the China-based poultry business of US-headquartered food and agriculture corporation Cargill for an undisclosed sum.
Australia's Real Pet Food taps investors for equity injection
Hosen Capital, New Hope Group, and Temasek Holdings have led a AUD 248m (USD 161.2m) equity injection into Australia-based chilled pet food supplier Real Pet Food to pay down debt and support growth.
Dymon backs take-private of Singapore's Challenger Technologies
Dymon Asia Private Equity has launched a SGD 224m (USD 180m) take-private bid for Challenger Technologies in conjunction with the Singapore-listed electronics retailer's CEO.
Energy transition: An emerging speciality
Kerogen Capital is trying to plot a more nuanced course into energy transition than building renewables. It is one of a growing number of nascent specialists in the space.
Deal focus: Investcorp finds optimal entry point with Jianuo
Investcorp negotiated its debut China control deal in the shadow of COVID-19 but expects to see long-term gains through the target company’s exposure to electric vehicles and renewable energy
Deal focus: PrimeMovers buys Malaysia machinist in debut deal
PrimeMovers, which spun out from Platinum Equity last year, and UK-based Lingotto Investment Management have jointly acquired Malaysian precision manufacturing company EngTek
Potentia withdraws from talks to buy Australia-listed Tyro
Australia-based specialist B2B technology investor Potentia Capital has withdrawn from talks to acquire listed payments software provider Tyro Payments – marking the second time attempts to reach an agreement have failed.
Blackstone buys jewellery certification business, China's Fosun exits
The Blackstone Group has paid USD 569.7m for 100% of Belgium-headquartered jewellery certification business International Gemological Institute (IGI), taking out investors including China’s Fosun Group.
Bain buys Japan software player IDAJ
Bain Capital has acquired IDAJ, a Japan-based engineering solutions provider that provides digital platforms to facilitate project development and computer-based design simulation systems.