Buyouts
Manipal, TPG improve offer for India's Fortis Healthcare
Manipal Hospital Enterprises (MHEPL), an Indian hospital chain backed by TPG Capital, has submitted a revised buyout offer for Fortis Healthcare's (FHL) hospital operation that values the business at about INR83.5 billion ($1.2 billion).
Corporate divestments: Time to sell?
Asia Pacific companies are increasingly willing to consider non-core asset sales as they seek to shed dead weight and re-focus on major business areas, especially as technology threatens to overturn established practices
CDH makes $1.4b bid for Australia's Sirtex Medical
Chinese private equity firm CDH Investments has submitted a A$1.87 billion ($1.4 billion) bid for Australia-based Sirtex Medical. It comes days before Sirtex shareholders were due to vote on a lower offer from US-listed Varian Medical Systems.
CVC buys currency trading platform to support Asia expansion
CVC Capital Partners has agreed to acquire currency trading platform Oanda Global Corporation with a view to helping the company further develop its business in Asia.
Portfolio: CLSA Capital Partners and Japan's Worldtool
By targeting Japan’s amateur car enthusiast community Worldtool created a new distribution channel for automotive tools in the country. CLSA Capital Partners has helped take the company’s model overseas
China online-to-offline: Retail reorientation
As technology brings the buyer closer to the seller, some investors are put off by the uncertainty while others see opportunities in finding ways to digitize – or further disrupt – traditional retailers
BGH-led group makes $3.1b bid for Australia's Healthscope
A group of PE investors led by BGH Capital and including AustralianSuper, GIC Private, Ontario Teachers’ Pension Plan (OTPP) and Canada Pension Plan Investment Board (CPPIB) has launched a buyout offer for Australian hospital operator Healthscope that...
VIDEO: Pagoda Investment's James Ieong
James Ieong, chairman and managing partner of Pagoda Investment, discusses private equity in China
India's Fortis weighs competing buyout offers
Indian healthcare service provider Fortis Healthcare (FHL) has formed a panel to evaluate several competing investment offers, including bids of INR61 billion ($933 million) from TPG Capital-backed Manipal Hospital Enterprises (MHEPL) and INR101 billion...
Indonesia PE: The long game
Indonesia is an attractive market for private equity investors thanks to its strong macro fundamentals, but sourcing large-cap deals remains a protracted process as family owners look for partners they can trust
Ekuinas buys controlling stake in Southeast Asia's Flexi Versa
Malaysian government-backed PE firm Ekuinas has acquired a controlling stake in Flexi Versa Group (FVG), a Southeast Asian contract manufacturer catering to global consumer electronics brands.
CITIC Capital acquires Chinese facility management service provider
China-focused GP CITIC Capital Partners has acquired a majority stake in Jiangsu Sky Facility Management (SkyFM), a Chinese facility management service provider, for an undisclosed sum.
CLSA backs MBO of Japan medical IT systems supplier
CLSA Capital Partners (CLSA CP) has supported a management buyout of NHOSA Corporation, which provides electronic health record (EHR) systems to dental clinics across Japan.
Blackstone agrees $396m deal for Australian panel business
The Blackstone Group will buy the panel repair business of Australia-listed automobile aftercare services and accessories provider AMA Group for an enterprise valuation of A$508 million ($396 million).
Deal focus: EMR unearths coal value with Adaro
When Rio Tinto moved to sell the Kestrel mine in Australia, EMR Capital and Adaro Energy teamed up for a $2.25 billion acquisition - and the opportunity to meet strong emerging markets demand for coking coal
Chinese PE-backed consortium buys Australian vitamin supplier
China Jianyin Investment, a government-controlled investment group, has teamed up with a fund backed by CITIC Group to acquire a majority stake in vitamins supplier Australia Nature’s Care Biotech (ANCB).
LP interview: Hermes GPE
Hermes GPE has fine-tuned its co-investment strategy since establishing a presence in Asia. Iesan Tsai, the group’s regional head, will work with portfolio GPs or fund-less sponsors in pursuit of the right deal
TPG, Manipal sweeten deal for Fortis' India hospital business
Manipal Hospital Enterprises (MHEPL), an Indian hospital chain backed by TPG Capital, has submitted a revised buyout offer of INR61 billion ($933 million) for the hospital business of domestic rival Fortis Healthcare (FHL).
Ocean Link confirms competing bid for China's eHi
Ocean Link, a travel and tourism-focused GP, has confirmed it submitted a competing bid for eHi Car Services, a Chinese car rental business that recently agreed to be privatized by a consortium comprising its chairman and other PE investors.
1Q analysis: The inevitable slow start
Traditional buyouts slip into the shade, allowing education and technology to shine; China IPOs and secondary buyouts stay strong in a weak exit market; fundraising suffers an early-year blip
TPG, CX exit India's Healthium to Apax
Apax Partners has acquired Indian medical devices supplier Healthium Medtech, facilitating exits for TPG Growth and CX Partners.
Australia's Colinton Capital secures debut deal
Colinton Capital Partners, a private equity firm established by Simon Moore, formerly Australia head at The Carlyle Group, has agreed to buy marine engineering business AMS Group.
MBK, Baring Asia agree $937m take-private for China's eHi
A consortium including MBK Partners and Baring Private Equity Asia has agreed to buy US-listed eHi Car Services, China’s second-largest car rental services business, for an enterprise valuation of $937.5 million.
CHAMP sells Australia's Accolade Wines to Carlyle
CHAMP Private Equity has agreed to sell Accolade Wines, which over the course of seven years it has turned into Australia’s largest wine producer, to The Carlyle Group for A$1 billion ($770 million).