Buyouts
LPs warn of impending downturn in Asia
Institutional investors are preparing for a downturn in Asia – and emphasizing the importance of disciplined deployment – as they see worrying “pro-cycle market behavior” in the private markets space globally.
Japan's Advantage buys Malaysian packaging manufacturer
Advantage Partners has completed the buyout of Malaysian plastic bottle manufacturer Plastic Centre through its recently closed $380 million Asia fund.
Lone Star to buy Australia-listed Sino Gas for $402m
Sino Gas & Energy Holdings, an Australia-listed natural gas developer focused on China, has accepted a A$530 million ($402 million) buyout offer from Lone Star Funds.
Deal focus: PEP wins first secure assets fund deal
Pacific Equity Partners has teamed up with Landis+Gyr to buy Origin Energy's Australia smart meters business. They plan on bankrolling - through fund and co-investment - a nationwide rollout
Ijara Capital acquires Pakistan's Quick Foods
Pakistan-based private equity firm Ijara Capital Partners has acquired a 100% stake in domestic frozen food company Quick Foods Industries for an undisclosed sum.
Wine in China: Nurturing the vine
Private equity interest in wine is set to increase as its role in the China luxury goods thesis comes further into focus. Culture, character, and copycatting will be at the top of investors’ strategic agenda
India's Fortis reopens bidding for hospital business
Indian healthcare service provider Fortis Healthcare (FHL) has reopened bidding for its hospital operation and invited offers from several potential investors, including TPG Capital-backed Manipal Hospital Enterprises (MHEPL).
Deal focus: Navis sews up textile investment
Navis Capital Partners aims to promote ethical and environmentally sustainable textile production through its investment in Vietnam's Saitex
PEP, Landis+Gyr to acquire Australia smart meter business
Pacific Equity Partners (PEP) and Landis+Gyr, a Switzerland-based technology supplier to the electricity industry, have agreed to jointly acquire Australian smart meter company Acumen for A$267 million ($202 million).
Navis, Blackstone to exit Australia's NLV to private equity JV
Navis Capital Partners and The Blackstone Group will exit National Lifestyle Villages (NLV), an Australian developer and operator of mobile home parks, to Serenitas, a joint venture between Singapore’s GIC Private and local GP Tasman Capital Partners.
Vietnam valuations at 'nosebleed levels' - AVCJ Forum
Private equity valuations in Vietnam are rocketing as competition for deals hots up and target companies tie their pricing expectations to soaring public markets.
Australia's Santos rejects EIG buyout offer
Australia-listed oil and gas supplier Santos has rejected a buyout offer from EIG Global Energy Partners backed by China-based private equity firm Hony Capital and gas distributor ENN Group. The deal would have valued the company at up to $10.9 billion.
Australia's Healthscope rejects PE takeover bids
Australian hospital operator Healthscope has rejected buyout offers from Brookfield Asset Management and a consortium led by BGH Capital that valued the company at A$4.4 billion ($3.3 billion) and A$4.1 billion, respectively.
Apax exits remaining GlobalLogic stake to Partners Group
Apax Partners has sold its remaining 48% interest in GlobalLogic, an IT outsourcing company founded by several Indian entrepreneurs, to Partners Group. The deal values the business at more than $2 billion.
Bain makes $613m bid for Australian skincare business
Bain Capital Private Equity has made a A$810 million ($613 million) buyout offer for BWX, an Australian manufacturer of branded skin and hair care products.
Kedaara, Partners Group to buy India's Vishal Mega Mart
Kedaara Capital and Partners Group have agreed to acquire Indian retailer Vishal Mega Mart for an undisclosed sum from TPG Capital.
Navis invests in Vietnam denim supplier
Navis Capital Partners has invested an undisclosed amount in Saitex Holdings, a denim products manufacturer for the global jeans industry based in Vietnam.
Hony backs $7.8b EIG bid for Australia's Santos
EIG Global Energy Partners has made a $10.4 billion buyout offer for Australia-listed oil and gas supplier Santos. It is supported by two Chinese groups, private equity firm Hony Capital and gas distributor ENN Group.
Bain-led Toshiba carve-out approved by Chinese regulators
A consortium led by Bain Capital Private Equity has won approval for the acquisition of Toshiba Memory Corporation (TMC) from China’s antitrust authorities, clearing the last major obstacle to the JPY2 trillion ($17.8 billion) transaction closing.
Singapore’s Dymon joins $15m medical industry acquisition
Singapore-based Dymon Asia Private Equity (DAPE) has teamed up with domestic engineering company Tee International to acquire a medical division of industrial services provider Sembcorp Environment for S$20 million ($15 million).
Brookfield enters the fray for Australia’s Healthscope
Brookfield Asset Management has submitted a A$4.35 billion ($3.3 billion) bid for Australian hospital operator Healthscope, trumping an offer made last month by a BGH Capital-led consortium.
Deal focus: CVC targets consolidation in online trading
CVC Capital Partners is looking to replicate elements of its successful investment in IG Global with Oanda Global Corporation, an online currency trading platform positioned for substantial growth in Asia
Baring Asia, PAI Partners buy cargo freight manager
Baring Private Equity Asia has teamed up with Europe-focused PAI Partners to acquire World Freight Company International (WFCI), which markets and manages cargo freight capacity for airlines.
Carlyle set for $1.2b cash exit from Korea's ADT Caps
The Carlyle Group has agreed to sell ADT Caps, a South Korean security monitoring and dispatch business, to SK Telecom and Macquarie Group for an enterprise valuation of KRW2.97 trillion ($2.7 billion).