Buyouts
PE consortium acquires Australia's Universal Store
Australian fashion retailer Universal Store has been acquired by venture capital firms BB Retail Capital, Catalyst Direct Capital Management, and Five V Capital.
Deal focus: Hahn & Co agrees transformative bolt-on
Hahn & Company has followed up its bumper acquisition of Hanon Systems by supporting the company in the $1.23 billion carve-out of a division from Manga International. The deal should bring more balance - and synergies - to the Hanon portfolio
J-Star buys Japanese fashion retailer
Japanese mid-market private equity firm J-Star has acquired Wego, a domestic fashion brand that has 185 stores nationwide and annual sales of more than JPY35 billion ($310 million).
Asia leveraged finance: Institutional aspirations
PE firms can obtain financing for leveraged buyouts in Asia on increasingly favorable terms, but this doesn’t necessarily point to institutionalization – or at least, not yet. For now, banks still lead the way
KKR creates China hospital platform
KKR has launched a China hospital management and investment platform – known as SinoCare Group – that will pursue a consolidation strategy in the space through a combination of acquisitions and new builds.
Hahn & Co-owned Hanon agrees $1.2b bolt-on acquisition
Hanon Systems, an auto parts manufacturer owned by Hahn & Company and formerly known as Halla Visteon Climate Control, has agreed a $1.23 billion bolt-on acquisition of Magna International’s fluid pressure and controls business.
CVC to buy legal services provider UnitedLex
CVC Capital Partners has agreed to acquire a majority stake in UnitedLex, a legal process outsourcing firm based in the US, with significant operations in India, and backed by investors including Madison Capital, Helion Venture Partners, and J.P. Morgan...
Affinity to acquire Australia's Scottish Pacific for $446m
Affinity Equity Partners has agreed to acquire Australia-listed debt and trade finance provider Scottish Pacific in a deal worth approximately A$612 million ($446 million).
Samara to buy India's Aditya Birla Retail
Samara Capital has agreed to buy Aditya Birla Retail (ABRL), the retail arm of India’s Aditya Birla Group, for an undisclosed amount.
Archipelago backs Indonesian chemicals producer
Archipelago Capital Partners, a Southeast Asia-focused private equity firm established by three partners who previously worked together at McKinsey & Company, has made its first investment in Indonesia with the acquisition of Timuraya Tunggal.
Indian NPAs: Solvency strikes
With a series of highly publicized bankruptcy proceedings, government efforts to rein in India’s non-performing assets may finally be paying off. Investors expect a wave of turnaround opportunities
Anacacia sells Australian chilled food business
Anacacia Capital has exited Yumi’s Quality Foods, an Australian chilled food manufacturer that it acquired in 2014, to George Weston Foods (GWF) for an undisclosed sum.
Bain abandons buyout of Australia's BWX
Bain Capital Private Equity has abandoned its bid to acquire Australian skin and hair care product manufacturer BWX for A$810 million ($613 million).
NSSK acquires operator of Japan's Thank You Mart chain
Japanese private equity firm NSSK has acquired Elsonic, operator of the Thank You Mart retail chain, for an undisclosed sum.
Partners Group agrees $142m Australia wind farm acquisition
Partners Group has agreed to pay Macquarie Capital and Renewable Energy Systems (RES) A$200 million ($142 million) for a construction-stage wind power project in Australia.
FountainVest pursues $5.3b European sports acquisition
A consortium including FountainVest Partners and Chinese athletics supplier Anta Sports have made a preliminary offer to acquire Finland-based Amer Sports for about EUR4.6 billion ($5.3 billion).
Activism not yet a key driver of Korean corporate divestments - AVCJ Forum
Shareholder activism is becoming more prevalent in Korea among the country’s chaebol groups, but it still trails distress sales and divestments of non-core divisions as sources of private equity deal flow.
AustralianSuper, CPPIB back $6.7b Sydney toll road deal
AustralianSuper and Canada Pension Plan Investment Board (CPPIB) have joined a consortium that will acquire a 51% stake in Sydney’s WestConnex highway system from the New South Wales government for A$9.3 billion ($6.7 billion).
CLSA Capital buys Japanese real estate services platform
CLSA Capital Partners (CLSA CP) has acquired House Partner Holdings, a real estate services provider focusing on apartment rental agencies in the Greater Tokyo area.
Korea buyouts: Local edge
Private equity firms must double down on local networking, due diligence, and value-add capacity as competition for deals intensifies in the Korean buyout market
Adamantem to buy Australia's Zenitas Healthcare
Adamantem Capital has agreed to buy Australia-based Zenitas Healthcare in a deal worth approximately A$122 million ($88 million), including debt. It is working with Liverpool Partners, an investment and advisory firm with extensive experience in healthcare.
Korea tender offers: Bidding on winners
Tender offers have long been overlooked in South Korea’s PE toolbox, where their traditional use in privatization deals seems to have little value. Local GPs may be able to adapt them to the market’s needs
Tata-ICICI energy fund to take over India coal project
Resurgent Power Ventures, an energy-focused investment vehicle set up by Tata Power and ICICI Venture, has agreed to acquire a 75% stake in Prayagraj Power Generation, which operates a coal power plant in India.
PE firms to acquire India's Spoton Logistics for $78m
Samara Capital and Xponentia Fund Partners, a PE firm headed by former executives from CX Partners, The Carlyle Group, and Citigroup Venture Capital International (CVCI), have agreed to acquire Indian logistics platform Spoton Logistics from India Equity...