Buyouts
China buyouts: Responsible owners
From privatizations to succession planning to corporate carve-outs, China-focused GPs are seeing an increasing number of control buyout opportunities. But are they positioned to take full advantage?
Clearwater acquired by listed Canadian asset manager
Canadian asset manager Fiera Capital Corporation has acquired Hong Kong-based credit and special situations investor Clearwater Capital Partners.
CLSA buys Japanese beauty salon chain
CLSA Capital Partners (CLSA CP) has agreed to invest at least JPY10 billion ($94.3 million) to take a majority stake in Japanese beauty salon operator Agu Group. It is the firm’s second acquisition in the country this week.
Deal focus: VIG’s food supply chain upgrade
VIG Partners acquires Korean food wholesaler WinPlus in a bid to consolidate the country's food supply chain
Privatizations: Big ambitions
A boom in take-private transactions could indicate that the buyout market in Asia has reached a peak
Cerberus buys Bluestone’s Australasia operations
Cerberus Capital Management has agreed to acquire the Australasian division of international financial services company Bluestone Group in an all-cash transaction. It will facilitate an exit for a PE unit of Lloyds Bank.
Chinese fund abandons Xcerra deal, cites CFIUS problems
Sino IC Capital, a technology-focused PE fund manager backed by the Chinese government, has become the latest investor to fall foul of US regulators following the termination of its acquisition of semiconductor and electronics manufacturer Xcerra.
China’s Fosun acquires French luxury brand Lanvin
Chinese conglomerate Fosun International has purchased a controlling stake in Jeanne Lanvin, one of the oldest luxury fashion labels in France, for EUR120 million ($148 million).
Yunfeng, MicroPort agree international medical devices carve-out
Chinese PE firm Yunfeng Capital and Hong Kong-listed medical device manufacturer MicroPort Scientific Corporation will acquire US-listed LivaNova's cardiac rhythm management (CRM) business for $190 million in cash.
Orchestra buys Korean post-production business
Orchestra Private Equity, a GP that focuses on Korea-Japan cross-border transactions, has invested KRW61 billion ($56 million) for an 87% stake in Seoul Vision, a Korean post-production house for TV commercials.
Cathay Capital to acquire German auto parts supplier
Cathay Capital Private Equity, a cross-border PE firm focusing on China, Europe and the US, has agreed to acquire a majority stake in German auto-parts maker E. Winkemann from Equistone Partners Europe.
Chinese PE firm to acquire Spain’s Imagina Media
Orient Hontai Capital, a PE unit of China’s Orient Securities, has agreed to buy a 53.5% stake in Imagina Media Audiovisual, part of Spain-based Mediapro Group. The transaction values Imagina at EUR1.9 billion ($2.35 billion).
VIG buys Korean food wholesaler for $69m
VIG Partners has agreed to buy an 83.1% stake in Korean food wholesaler WinPlus for KRW74 billion ($69 million). The investment includes a primary capital injection of KRW45 billion.
Australia's IFM: The customized approach
IFM Investors has moved from fund-of-funds through co-investment to a direct approach designed to meet its superannuation fund clients’ concerns about access, cost, and transparency. Is it working?
Specialization: Buying better
Should the next-generation Australian private equity firm be doing more to differentiate itself from the competition - in the eyes of potential investees as well as investors?
Q&A: Pacific Equity Partners' Tim Sims
Tim Sims, co-founder and managing director of Pacific Equity Partners, discusses competition in Australian private equity, approaches to co-investment, succession planning, and his firm’s secure assets fund
New Zealand PE: Hidden gem
Private equity is taking a bigger piece of New Zealand’s small economic pie. Investors must act opportunistically to exploit substantial potential in an inconspicuous but engaging middle market
Australia consumer: Attitude adjustment
Demographic shifts are prompting Australian GPs to reevaluate domestic consumer plays with an eye toward processes rather than goods. Overseas markets are an increasingly important part of the equation
CITIC Capital-led consortium to buy Euromoney data division
A consortium led by CITIC Capital has agreed to buy Euromoney Institutional Investor’s financial information database division for an equity value of $180.5 million.
Thoma Bravo to buy Australian software player Nintex
Nintex, a workflow management software provider founded in Australia but now with a global footprint, has agreed to sell a majority stake to US-based middle market GP Thoma Bravo.
Deal focus: CLSA likes the fit of Marubeni subsidiary
CLSA Capital Partners agrees to carve-out Marubeni's uniform business with a view to driving consolidation in an industry where Japanese corporate customers are already gravitating from ownership to rental
CDH backs $200m buyout of China testing business
CDH Investments is supporting an acquisition of the professional testing business of US-listed Chinese education company ATA. It is working on the $200 million deal in partnership with ATA’s co-founder and CEO.
Deal focus: ACE secures industry 4.0 buyout
ACE Equity Partners buys control of Woojin Electric Machinery from SkyLake Investment for $200 million with a view to launching a China expansion strategy
PEP to buy Australia's LifeHealthcare
Pacific Equity Partners (PEP) has agreed to buy listed Australian medical devices manufacturer LifeHealthcare for an enterprise valuation of approximately A$211 million ($166 million).