Buyouts
Lakeshore buys Thailand skincare business
Lakeshore Capital has led the acquisition of a controlling stake in Aisance, a Thailand-based skincare company that specializes in distributing products from Korea, for $15.9 million.
CITIC Capital nears buyout of packaging player Axilone
China-focused GP CITIC Capital has entered into advanced negotiations with Oaktree Capital Management to buy Axilone, a Europe-headquartered packaging supplier to the cosmetics industry.
Japan's ADK faces lawsuit following Bain tender offer
Bain Capital Private Equity’s buyout offer for Japan-listed advertising agency Asatsu-DK (ADK) has prompted legal action by WPP Group, the company’s largest shareholder.
India's UFO, Qube to merge, ICICI to invest
UFO Moviez, an Indian digital broadcaster with several PE backers, will merge with domestic peer Qube Cinema Technologies, with support from ICICI Venture.
Polaris carves out beverage business from Asahi
Polaris Capital Group has agreed to acquire LB, a soft drink-focused division of Japanese beverage maker Asahi Group Holdings.
MBK makes tender offer for Japan's Kuroda Electric
MBK Partners has submitted a tender offer for Kuroda Electric – a Japanese electronic components manufacturer that has been under pressure from an activist shareholder – that values the company at approximately JPY102 billion ($895 million).
VC-backed MC Payment to list in Singapore via reverse merger
MC Payment, a Singapore-based financial technology player with several VC backers, will list on the Singapore Stock Exchange's Catalist board via a reverse takeover of domestic peer Artivision Technologies.
Q&A: Samena Capital's Shirish Saraf
With its focus on Asia and the Middle East and a roster of big-name owner-shareholders, Samena Capital is a GP with a difference. Shirish Saraf, the firm’s founder and vice chairman, explains the strategy
J-Star acquires Forpets in latest pet bolt-on
Japan’s J-Star has acquired 100% of domestic veterinary services company Forpets as a bolt-on of existing portfolio company JVCC. It is JVCC’s third such transaction this year.
Canyon Bridge founder charged with insider trading
One of the founders of Canyon Bridge Capital Partners – a private equity firm backed by Chinese LPs that was blocked from buying US-based Lattice Semiconductor earlier this year – has been charged with insider trading.
Toshiba shareholders approve $18b TMC sale to Bain consortium
The shareholders of Japanese conglomerate Toshiba Corporation have approved the sale of the company’s Nand flash memory unit Toshiba Memory Corporation (TMC) to a consortium led by Bain Capital for JPY2 trillion ($17.6 billion).
China M&A: Common ground
Chinese outbound M&A is stigmatized at the moment due to concerns about regulatory barriers both foreign and domestic, but buyers and sellers can reach mutually beneficial compromises
Shaw Kwei acquires Singapore oil industry supplier for $50m
Shaw Kwei & Partners has agreed to acquire a 75.6% stake in Singapore-listed oil and gas industry equipment supplier Gaylin for S$68 million ($50 million).
GIP to buy Equis renewable energy portfolio for $5b
Global Infrastructure Partners (GIP) has agreed to acquire 100% of Equis Energy, a project platform of 180 assets under private equity investor Equis Funds Group, for $5 billion. It is said to be the world’s largest renewable energy generation acquisition...
Asian consortium to buy Australia's Real Pet Food from Quadrant
Hosen Capital, New Hope Group and Temasek Holdings have agreed to buy Australia-based Real Pet Food – a leading global producer of fresh chilled pet food – from Quadrant Private Equity at a valuation of A$1 billion ($773 million)
GPs, corporates should enter outbound deals with eyes open - China M&A Forum
Partnerships between Chinese strategic investors and private equity firms remain a popular model for pursuing outbound acquisitions, but each party should understand the other’s expectations before closing deals, PE professionals told the China M&A...
Western sellers could do more to understand Chinese buyers - China M&A Forum
Western sellers should do more to understand Chinese buyers rather than backing away from potentially superior bids due to concerns about regulatory approvals, industry participants told the China M&A Forum.
INCJ, Konica Minolta acquire Ambry Genetics for $1b
Innovation Network Corporation of Japan (INCJ) and imaging giant Konica Minolta have completed a $1 billion joint acquisition of US-based Ambry Genetics, with a view to growing the company in Japan.
3Q analysis: More about Japan
Toshiba sends Japan into top spot for investment amid corporate carve-out excitement; fundraising plummets in the absence of Chinese state-backed vehicles; the IPO window opens as public markets boom
IMM to buy Korean fashion e-commerce business
IMM Private Equity has agreed to buy a majority stake in W Concept Korea, an own-brand online clothing retailer owned by ISE Commerce, a multi-strategy Korean e-commerce business.
Portfolio: J-Star and Japan Hospice Holdings
In 2014 J-Star bet on a pair of pioneering companies in Japan’s hospice care market. Now the resulting platform is set to dominate the still-nascent industry with high standards for care and patient dignity
Affinity to buy Burger King Japan
Affinity Equity Partners, which already owns Burger King in South Korea, has assumed control of the fast food chain’s master franchise for Japan.
ADK management offers support to Bain buyout bid
Japan-based advertising agency Asatsu-DK (ADK) has expressed its support for Bain Capital Private Equity’s proposed JPY151 billion ($1.3 billion) buyout, against opposition from its largest shareholder, WPP Group.
PE must 'play to win' in Japan carve-outs - Bain & Co
Japan private equity investment is on course for a record year on the back of increased divestment activity, but GPs must fine-tune their strategies to prevail in a highly competitive auction processes, according to Bain & Company.