Buyouts
Made to measure: Customized co-investment
Growing appetite for co-investment among foreign and local institutions in Asia has given rise to a wider variety of advisors offering customized solutions to those with limited in-house resources
Navis sells Guardian Early Learning to Partners Group
Partners Group has bought a controlling stake in Australian early childhood education provider Guardian Early Learning Group from Navis Capital Partners at a post-deal valuation of A$440 million ($313 million)
EQT buys Hong Kong social compliance assessment business
EQT Partners has bought a majority stake in Hong Kong-based social compliance assessment and improvement service Elevate.
MBK named preferred bidder for Doosan Infracore unit
MBK Partners has been chosen as the preferred bidder for the machine tools division of South Korean conglomerate Doosan Infracore, replacing Standard Chartered Private Equity (SCPE).
PE investors complete acquisition of US chipmaker Omnivision
Hua Capital Management, CITIC Capital and Goldstone Investment have completed their acquisition of US-listed chipmaker OmniVision Technologies in a deal worth $1.9 billion.
Fund focus: New name, same agribusiness strategy
Following a spin-out from Cargill, the PE unit of Black River Asset Management has been renamed Proterra Investments Partners. The agriculture-focused remit is unchanged
Australia's Greencross rebuffs TPG buyout offer
Australia-based pet services business Greencross has confirmed it received and rejected a buyout offer from TPG Capital worth around A$720 million ($507 million).
China's Jinpan agrees Forebright-backed privatization
Jinpan International, a US-listed Chinese electric transformer manufacturer, has agreed a take-private deal with the company’s chairman and Forebright Capital. It values the business at approximately $98 million.
JC Flowers to buy Chi-X's Asia trading platforms
J.C. Flowers has agreed to buy the Australia and Japan businesses of Chi-X Global Holdings, an alternative equity trading platform that competes with primary exchanges, as well as the company’s Hong Kong-based technology services unit.
Go Scale still committed to global deals, despite Lumileds setback
Go Scale Capital will continue to target international acquisitions, including in the US, despite the termination of a deal for Philips’ LED components and automotive lighting unit due to regulatory concerns.
Asia PE returns will rise as GP skills develop
Distributions from private equity funds in Asia, which have in the past been lackluster compared to those in certain developed markets, are expected to rise as the industry matures and GPs develop their skill sets.
GPs look to adapt to a fast-changing China
China-focused private equity investors are modifying their investment approaches in the face of a challenging economic environment and ongoing overcapacity issues.
CDH targets $1.1b buyout of US-listed Zhaopin
CDH Investments is part of a consortium that has submitted a take-private offer for Chinese recruitment website Zhaopin, which is majority owned by Australia’s Seek. The bid values the US-listed company at $1.1 billion.
Deal focus: Abraaj builds on India healthcare foundation
The Abraaj Group buys India's CARE Hospitals from Advent International with a view to taking the business into new markets
China take-privates: New wave
Recent volatility notwithstanding, plenty of investors want to back China take-privates with a view to domestic re-listings at higher valuations. The company founders behind these deals are the big winners
China: Volatile elements
Past experience suggests that volatility can mean opportunity for private equity investors in China
Japan's J-Star buys nursing care business
J-Star has made another investment intended to leverage Japan’s aging population with the acquisition of Platia, a nursing services business that specializes in caring for people with dementia.
Deal focus: AGIC targets Sino-German industrial synergies
AGIC Capital sees the $1 billion acquisition of KraussMaffei from Onex as just one example of the rich seam of cross-border deal flow available for Chinese investors in Germany
4Q analysis: Ending with a whimper
4Q analysis: Bain Capital and PAG shine in a difficult fundraising environment; large-ticket infrastructure and tech deals offer pointers for 2016; public market volatility continues to hamper PE exits
China's Wanda buys Legendary Entertainment for $3.5b
Chinese conglomerate Dalian Wanda Group has bought leading Hollywood film production studio Legendary Entertainment for $3.5 billion in cash.
Abraaj to buy India's CARE Hospitals from Advent
The Abraaj Group has agreed to buy CARE Hospitals, India's fifth-largest healthcare provider from Advent International.
Malaysia's Ekuinas makes healthcare investments
Ekuinas, a private equity firm backed by the government of Malaysia, has invested a total of MYR79.8 million ($18.1 million) in two companies that support the healthcare sector.
AGIC joins $1b Chinese acquisition of KraussMaffei
AGIC Capital, a private equity firm that focuses on China-Europe cross-border investments, has teamed up with two Chinese companies to acquire KraussMaffei Group from Onex Corporation at an enterprise valuation of EUR925 million ($1.01 billion).
India classifieds business Quikr buys CommonFloor
Indian classifieds site Quikr has bought property search website CommonFloor for an undisclosed amount. Both companies have received VC funding.