Buyouts
Japan's AGC Asahi Glass buys PE-owned CMC Biologics
Japanese glass, ceramic and chemicals maker AGC Asahi Glass has paid JPY60 billion ($510 million) for CMC Biologics, a Denmark-based biopharmaceutical manufacturer backed by several private equity firms.
AVCJ Awards 2016: Deal of the Year - Large Cap: Golden Apple Education
PAG Asia Capital spent 12 months negotiating over Golden Apple Education Group, but emerged with the first sizeable buyout-cum-restructuring by a foreign PE firm in China
AVCJ Awards 2016: Operational Value Add: China Hydroelectric
NewQuest Capital Partners inspired fellow shareholders in China Hydroelectric to back an aggressive take-private and achieve a seven-fold hike in equity value
AVCJ Awards 2016: Firm of the Year & Fundraising of the Year - Mid Cap: Quadrant Private Equity
Australia-based Quadrant Private Equity has made a habit of six-week fundraises. The capital continues to target middle-market consolidation plays
India's VC-backed Practo acquires US analytics start-up
Indian clinic management software developer and doctor search portal Practo, which is supported by several VC investors, has acquired US-based analytics firm Enlightiks.
PE-backed Claris exits division to US strategic
Claris Lifesciences, an Indian drug maker with several PE backers, has agreed to exit its injectables division to US-based generic pharmaceutical developer Baxter International.
Singapore’s GIC backs $2.9b US IT take-private
GIC, Singapore’s sovereign wealth fund, is set to take a minority stake in New York-listed IT services provider Neustar as part of a take-private led by US-based Golden Gate Capital that values the company at $2.9 billion.
Hahn & Co, Ssangyong Cement bid for Hyundai Cement
Hahn & Co. is continuing its consolidation efforts in Korea’s cement industry, having teamed up with listed Ssangyong Cement – in which it holds a controlling stake – to bid for industry rival Hyundai Cement.
Timeline: 2016 by numbers
A selection of the key fundraising, investment and exit events - presented in chronological order - from the past 12 months
Five trends for 2017
AVCJ looks at how its 2016 predictions turned out and identifies some key themes for the year ahead
Cassia backs $40m investment in China retail
Cassia Investments has supported Japanese clothing maker Evisu Group's $40 million buy-back of its China retail and franchising rights.
Deal focus: Allegro brings driller back from the brink
Allegro carves out JSW Australia from bankrupt Hughes Drilling with a view to capitalizing on the country's gradual mining rebound
PE consortium bids $5.4b for Australia gaming business Tatts
A consortium comprising Morgan Stanley Infrastructure, KKR, First State Super and Macquarie has submitted a buyout offer for Australian lottery operator Tatts Group that values the business at up to A$7.3 billion ($5.4 billion).
Portfolio: The Longreach Group and Primo Japan
The Longreach Group bought Primo Japan last year to bring its bridal jewelry focus region-wide. China expansion is the first step toward the company’s Asian leadership
2016 in review: Uncertainty reigns
Infrastructure and late-stage technology among the few investment bright spots; renminbi vehicles dominate the fundraising landscape; public market instability undermines exit plans
Q&A: Bain Capital's Steven Barnes
Steven Barnes, a US-based managing director in Bain Capital Private Equity, on how GPs can stay ahead in investment environment characterized by high valuations, low growth, and a degree of uncertainty
Bain Capital to acquire Camp Australia
Bain Capital Private Equity has agreed to buy Camp Australia, a nationwide provider of outside school hours care, for an undisclosed sum.
Allegro acquires Australian mining business
Allegro Funds Group has acquired Australian mine production and specialist drilling operator JSW Australia.
Macquarie, CIC join consortium to buy control of UK gas distributor
China’s CIC Capital and Australia’s Macquarie Infrastructure and Real Assets (MIRA) have joined a consortium agreeing to take control of the UK’s largest gas distribution business for GBP5.4 billion ($6.8 billion).
Taiwan regulators stress openness to private equity - AVCJ Forum
Taiwan’s government has reiterated its openness to foreign investment, despite several notable private equity and M&A deals getting rejected by the regulators.
Mandarin acquires Italian pharmaceuticals maker
Europe-Asia cross-border focused PE firm Mandarin Capital Partners has committed EUR16.4 million ($17.7 million) for a majority stake in Italian pharmaceutical manufacturer Mipharm.
Gaw Capital leads Australian student accommodation acquisition
Hong Kong private equity firm Gaw Capital Partners has led the purchase of an office building in Australia for conversion into student accommodation.
CHAMP PE buys New Zealand freight businesses
CHAMP Private Equity has agreed to buy three New Zealand-based shipping businesses.
INCJ to invest $45m in UK freeze-dried food company
Innovation Network Corporation of Japan (INCJ) has committed up to $45 million as part of a joint acquisition of UK-based freeze-dried food manufacturer Chaucer Food.