Buyouts
Deal focus: CLSA CP school deal breaks new ground
CLSA Capital Partners makes what is likely the first-ever private equity investment in a Japanese cram school
Fosun Pharma makes offer for India's KKR-backed Gland
Hong Kong-listed drug maker Fosun Pharmaceutical has made a non-binding proposal to acquire Gland Pharma, an Indian pharmaceutical developer backed by KKR.
China Everbright acquires elderly care business
China Everbright has acquired a 67.3% stake in Beijing Huichen Nursing Home Management, a healthcare services provider for more than 10,000 Chinese seniors.
Temasek, Advent seek majority stake in Crompton Greaves unit
Temasek Holdings and Advent International have launched an open offer to acquire a controlling stake in Crompton Greaves Consumer Electricals (CGCEL), the former consumer products unit of India's Crompton Greaves, for up to INR16.9 billion ($253 million)....
Tower Capital, Temasek bid $196m for China TCM player
Tower Capital, a vehicle controlled by former 3i and Actis Capital Partners executive Danny Koh, is partnering with Temasek Holdings in a S$269 million ($196 million) takeover bid for traditional Chinese medicine (TCM) operator Eu Yan Sang International....
Keystone named preferred bidder for Korea's Dongbu
Local GP Keystone Private Equity has been selected as the preferred bidder for distressed Korean construction company Dongbu Corporation.
Beijing E-Town completes take-private of Mattson Technology
Chinese PE firm Beijing E-Town Capital has completed the privatization of Mattson Technology in a deal that values the NASDAQ-listed semiconductor processing equipment maker at approximately $300 million.
Australia's AWE rejects buyout offer from Lone Star
Australia-based oil and gas producer AWE has rejected an unsolicited buyout offer from Lone Star that values the company at approximately A$421 million ($310 million).
China take-privates: Dangerous demand?
Once the preserve of private equity players, now investors of all kinds are lining up to participate in privatizations of US-listed Chinese firms, with a view to targeting the A-share market. Regulators are getting worried
Deal focus: QIC plots Asia beef supply chain
Leveraging its networks within Australia and across emerging Asia, QIC wants North Australian Pastoral Company to serve as the first link in a chain that takes fresh beef to where demand for it is strongest
Denham-backed Pembroke buys Australia coal field
Peabody Energy, which filed for bankruptcy protection in the US last month, has agreed to sell its interest in an undeveloped Queensland mining asset to Denham Capital-controlled Pembroke Resources for A$104 million ($76.2 million) in cash plus royalties....
Qihoo 360, CSRC speak out on backdoor listings
China's Qihoo 360 Technology, which is currently involved in a take-private deal worth $9.3 billion, has denied rumors that it held discussions with regulators over a potential domestic back-door listing.
Sequoia backs competing take-private bid for Zhaopin
Chinese recruitment platform Zhaopin, which is already the target of a $1.1 billion take-private bid, has received a competing offer from a consortium including Sequoia Capital and company management.
Snapdeal buys India's Nexus-backed TargetingMantra
Indian e-commerce giant Snapdeal has bought e-commerce personalization and analytics service TargetingMantra for an undisclosed amount.
QIC to buy Australia cattle station business for $295m
QIC has agreed to buy an 80% stake in cattle station operator North Australian Pastoral Company (NAP) in a deal worth around A$400 million ($295 million). It wants to leverage rising demand for beef in Asia, particularly from emerging markets.
TPG buys India-focused CTSI for $33m
TPG Capital has bought a majority stake in Cancer Treatment Services International (CTSI), a US cancer treatment chain focused on India and South Asia. AVCJ understands that the firm paid $33 million for a 65% interest.
Portfolio: AID Partners and HMV Asia
Having bought the HMV business in Asia as a distressed asset, Hong Kong-based AID Partners is working to reposition it as a lifestyle brand that reaches deeper into the media value chain than DVDs and CDs
Shamrock to support Silvergate Media's China push
US private equity firm Shamrock Capital Advisors has acquired a majority stake in Silvergate Media with a view to expanding the company’s presence in China.
Navis exits India's Classic Stripes through promoter buyback
Navis Capital Partners has exited its controlling stake in India's Classic Stripes in a buyback led by the family of founder Kishore Musale, with the backing of KKR. The deal is said to be worth INR3.6 billion ($54 million).
Australia's Bradken rebuffs another CHAMP PE approach
Australian mining supplier Bradken has rejected a A$150 million ($117 million) recapitalization proposal from CHAMP Private Equity. It comes seven months after discussions over a previous offer, involving a potential merger with Chile’s Sigdo Koppers,...
PAG, Legend support $3.6b acquisition of US-based Lexmark
PAG Asia Capital and China's Apex Technology are leading a consortium - which also features Legend Capital - that has agreed to buy printing technology and enterprise software company Lexmark International for $3.6 billion.
Korea's VIG Partners buys parking management business
VIG Partners – formerly known as Vogo Investment – has agreed to buy an 83% stake in Korea-based parking management business HiParking for KRW27 billion ($23 million).
PE consortium battles Ping An for China's Autohome
Boyu Capital, Hillhouse Capital and Sequoia Capital have submitted a take-private offer for Chinese auto listings and information service Autohome. This follows Telstra agreeing to sell its majority stake in the business to Ping An Insurance Group.
XIO Group to buy JD Power for $1.1b
XIO Group, which targets assets in North America and Europe with a view to unlocking growth potential in emerging markets such as Asia, has agreed to acquire market research business J.D. Power for $1.1 billion.