Buyouts
KKR to acquire Indian petrochemicals maker
KKR has agreed to acquire JBF Petrochemicals, the petrochemicals unit of Indian polyester manufacturer JBF Industries, for an undisclosed amount.
CLSA buys Japan beauty salon chain
CLSA Capital Partners (CLSA CP) has agreed to acquire 100% of Japanese beauty salon operator Puzzle for an undisclosed sum via a bolt-on with industry counterpart Agu Group.
J-Star acquires Japan auto parts company
Japan’s J-Star has acquired a controlling stake in domestic auto parts remanufacturing company Honest for an undisclosed sum.
GPs support $590m investment in take-private target China Biologic
China Biologic Products, a US-listed biopharmaceuticals player that was subject to two take-private offers, said it was set to raise $590 million by issuing new shares to investors including Centurium Capital, CITIC Capital, and Hillhouse Capital.
Adamantem buys its second Australia horse feed business
Australian middle-market private equity firm Adamantem Capital has agreed to pay A$59.5 million ($43.2 million) for poultry producer Inghams Group’s Mitavite animal feed business. It is a bolt-on acquisition for horse feed producer Hygain Holdings.
Deal focus: China baby boom market comes of age
Warburg Pincus has acquired Chinese mother-and-baby company Leyou, providing an exit for CDIB Capital and The Carlyle Group. The deal signals a rapid maturation process in the segment
Portfolio: Hahn & Co and H-Line Shipping
Hahn & Co’s investment in H-Line Shipping took the private equity firm into a faltering industry with a plan to focus on its most stable and profitable sub-segment
China Biologic Products receives competing take-private offer
US-listed China Biologic Products has received a buyout offer worth $3.9 billion from a consortium including former CEO David Gao and CDH Investments. It follows a $3.6 billion bid last month by CITIC Capital.
MSPEA abandons China auto parts privatization
Morgan Stanley Private Equity Asia (MSPEA) has abandoned its $172 million bid, launched nearly a year ago, to acquire NASDAQ-listed power steering components supplier China Automotive Systems.
Warburg Pincus seals secondary buyout of China's Leyou
Warburg Pincus has agreed to acquire a majority stake in Chinese maternity products supplier Leyou. The deal will facilitate exits for The Carlyle Group and CDIB Capital.
Deal focus: BlackRock finds an entry into Taiwan solar
BlackRock Real Assets acquires a solar power portfolio from a Taiwan renewable energy specialist, marking a number of firsts for the firm
Data infrastructure: Steel and thin air
Wrongly dismissed as a mere communications upgrade, data infrastructure is a new asset sub-class unto itself. A growing field of investors is recognizing the evolving opportunity set
Macquarie buys Asia solar platform
Green Investment Group (GIG), a global clean energy investment platform managed by Macquarie Capital, has acquired Conergy Asia & ME, a Singapore-based solar power developer owned by Goldman Sachs Asset Management and Tennenbaum Capital Partners.
Wattle Hill bids for Australia's Capilano Honey, targets China growth
Wattle Hill RHC, a private equity firm that targets Australian businesses with products and services that appeal to Chinese consumers, has won board approval for a A$189.7 million ($138 million) privatization of honey producer Capilano Honey.
KKR to buy majority stake in India's REEL for $530m
KKR has agreed to buy a 60% stake in India-based environmental services provider Ramky Enviro Engineers (REEL) for $530 million via a combination of primary and secondary investments valuing the company at $925 million.
True North to acquire orthopedics division of India’s Glenmark
True North has agreed to acquire the Indian orthopedics and pain management business of drug maker Glenmark Pharmaceuticals at a valuation of INR6.4 billion ($91.8 million).
NSSK acquires Japanese hotel operator
Japanese private equity firm NSSK has acquired hospitality business Hotel Castle Inn Group for an undisclosed sum.
BlackRock buys Taiwan solar portfolio
BlackRock Real Assets has agreed to acquire a 28-project solar power portfolio in Taiwan for an undisclosed sum.
PE and tech investment: The late show
Private equity firms are participating in late-stage rounds in Asia’s technology space as they look to gain a toehold in start-ups with the potential to transform economies. But do the valuations make sense?
Tech investment case study: True North and Seedworks
True North aimed to set Indian seed maker Seedworks apart from its competitors by leveraging digital technology. Two years into its investment the private equity firm is seeing its initiatives pay off
PE and tech investment: Forward planning
The growing influence of technology across every industry is forcing PE firms to review approaches to investment. Ensuring the right people have the right information sits at the heart of these efforts
TPG to buy Healthscope's Asia pathology assets for $206m
TPG Capital has agreed to acquire the Asia pathology assets of Australian hospital operator Healthscope for A$279 million ($206 million), giving it control of 39 pathology laboratories across Singapore, Malaysia, and Vietnam.
Longreach to buy majority stake in Japan's Fujitsu Component
The Longreach Group has agreed to acquire a majority stake in Fujitsu Component from its parent company and will launch a tender offer to buy the business outright at a valuation of JPY13.7 billion ($123.6 million).
Deal focus: KKR lays down a marker in Taiwan
Seven years after its privatization of Yageo Corp was blocked, KKR is back pursuing a $1.56 billion bid for LYC Chemical Corp. The initial response from regulators has been positive