Buyouts
New GPs will not shake Australia PE market dynamic - AVCJ Forum
The Australian private equity market has seen the emergence of a number of new GPs – including several spin-outs – but incumbent managers told the AVCJ Australia & New Zealand Forum that they do not expect much change in the competitive landscape.
PE and funeral services: Untapped eternity
Increased urgency around demographic tailwinds in the funeral services space has coincided with a spate of investment activity in recent years. Private equity could be well positioned to play a leading role
MBK to buy Korean gas business from Goldman consortium
MBK Partners has agreed to buy Daesung Industrial Gases from a Goldman Sachs-led consortium that has majority-owned the South Korean industrial gas manufacturer since July 2014.
Soft middle: Australia's underserved lower middle market
Fewer GPs are targeting Australia's lower middle market as a result of increasing fund sizes and the difficulties local LPs have writing small-ticket checks. The arrival of new PE firms is encouraging, but they aren't necessarily positioned to fill this...
Australia mining: Desert stirrings
A stronger commodity price environment has spurred some opportunistic private equity investment in Australian mining services, but caution remains the mantra in this industry of capricious value drivers
Australia aged care: The golden years
Australia’s aged care segment continues to appeal to private equity investors. But GPs must be wary of the challenges posed by the government’s unique stake in the market
The hybrids: GPs seek to work with Australian family offices
Australia’s lower middle market is rich in investment opportunities but underpenetrated by private equity. Local family offices are increasingly keen on participating, although in their own way
Morgan Stanley PE Asia backs China XD Plastics take-private
Morgan Stanley Private Equity Asia (MSPEA) and the chairman and CEO of China XD Plastics have submitted a take-private offer that values the US-listed specialty chemicals player at approximately $260 million.
Hillhouse, FountainVest target China jobs site Zhaopin
Hillhouse Capital and FountainVest Partners are seeking to buy Zhaopin in a deal worth more than $1.1 billion, working in partnership with Australia’s Seek, the majority shareholder in the Chinese recruitment website.
Bain credit unit buys Australia aged care business
Bain Capital Credit has agreed to buy Craigcare, a residential care provider and retirement village operator in Western Australia.
Softbank to buy US-listed Fortress for $3.3b
SoftBank Group has agreed to acquire Fortress Investment Group – which manages $36.7 billion in alternatives – for approximately $3.3 billion in cash. It puts the Japanese company on course to become one of the world’s largest asset managers.
Buyouts: More trouble in Taiwan
The collapse of a Morgan Stanley Private Equity Asia-backed bid to acquire CNS from MBK Partners once again underlines the challenges facing buyout investors in Taiwan, on entry and exit
Peepul Capital invests in Unibic India
Peepul Capital has cemented its control of snack food maker Unibic India by acquiring the entire stake of minority investor Lighthouse Funds.
China logistics: Time to deliver
The pursuit of Global Logistic Properties (GLP) is a natural consequence of more private capital entering China's transportation and logistics sector - indeed, GLP itself is managing a sizable portion of this capital
MSPEA, Far EasTone abandon bid for Taiwan's CNS
Morgan Stanley Private Equity Asia (MSPEA) and Far EasTone Telecommunications have withdrawn their bid for Taiwan cable TV operator China Network Systems (CNS) after the deal became bogged down by regulatory reviews.
PAG buys Australian cake retailer The Cheesecake Shop
PAG Asia Capital has acquired The Cheesecake Shop, an Australia-based specialist cake retailer with a franchise network of more than 200 stores across Australia, New Zealand and the UK.
Global Logistic Properties confirms buyout bids
Global Logistic Properties (GLP), a Singapore-listed warehouse operator with a $40 billion portfolio – over half of which is based in China – has confirmed the receipt of multiple buyout offers.
South African GP acquires Australia's Decor
South African private equity investor Coast2Coast Capital has acquired Australia’s Decor, a company that designs and manufactures household lifestyle products.
Japan’s Advantage exits GTA TeleGuam to US investor
Japan-based Advantage Partners has agreed to sell its controlling stake in GTA TeleGuam, the principal telecommunications provider on the US island of Guam, to US-based family office Huntsman Family Investments (HFI).
France's Ingenico buys India's PE-backed TechProcess
French electronic payment service provider Ingenico has agreed to buy TechProcess, an Indian developer of online and mobile payment services backed by several VC investors.
PEP buys Australia's Allied Mills
Pacific Equity Partners (PEP) has agreed to buy Australian flour producer Allied Mills in a deal that values the company at A$455 million ($344 million).
IDG Capital: Jack of all trades
IDG Capital has agreed to buy its parent, International Data Group's investment unit. It is the latest in a string of bold moves as IDG Capital looks to broaden its business - but how broad is too broad?
Deal focus: Innotech realizes global ad tech ambitions
Chinese captive private equity unit Innotech Capitals has secured its first acquisition in the US, picking up data aggregation platform Ad-Juster with a view to supporting its expansion in China
Abraaj acquires Pakistan wind power company
The Abraaj Group has agreed to buy a majority stake in Pakistani wind farm operator Jhimpir Power from energy sector investor Burj Capital.