Buyouts
Rival bidder for China's iKang Healthcare hikes offer
A PE-backed consortium that includes Meinian Onehealth has increased its take-private offer for iKang Healthcare Group in response to a rival consortium led by the company’s founder bringing in a string of heavyweight investors.
Alibaba, OTPP join founder-led consortium bidding for iKang
Alibaba Group and Ontario Teachers’ Pension Plan (OTPP) have joined a consortium led by the founder and CEO of iKang Healthcare Group that is involved in a competitive battle to privatize the US-listed company.
Deal focus: Macpac aims to scale new heights
CHAMP Ventures acquires New Zealand outdoor apparel and equipment supplier Macpac with a view to replicating the success it has enjoyed with Lorna Jane
Secondary exits: Pass the parcel
Is Baring Private Equity Asia's flood of secondary buyouts from other GPs indicative of a wider trend in the industry in Asia?
China's iDreamSky agrees PE-backed take-private
Chinese mobile game publisher iDreamSky Technology has agreed to be taken private by its chairman and a string of venture capital investors. The company listed on NASDAQ in August 2014.
Baring Asia to buy Interplex from CVC, Standard Chartered
Baring Private Equity Asia is set to buy Singapore-listed precision engineering business Interplex Holdings after CVC Capital Partners and Standard Chartered Private Equity agreed to tender their combined 57.7% interest in the company.
CHAMP Ventures to buy New Zealand's Macpac
CHAMP Ventures has agreed to take a significant majority stake in Macpac Group, a New Zealand-based outdoor apparel and equipment supplier.
SIG Asia backs Country Style Cooking take-private
Chinese restaurant chain Country Style Cooking (CSC) has agreed to a take-private led my management and supported by SIG Asia. The deal values the business at approximately $140 million.
Investors agree $9.3b take-private for China's Qihoo 360
A string of domestic insurance companies have come in to support the $9.3 billion buyout of Qihoo 360 Technology, the largest private equity-backed privatization of a US-listed Chinese company.
Sohu chairman submits PE-backed take-private offer
NASDAQ-listed Chinese internet company Sohu has received a take-private proposal from its chairman and CEO alongside an unnamed private equity firm.
VIG Partners buys Korean PVC window maker
VIG Partners – which recently changed its corporate name from Vogo Investment – has agreed to buy Winche, a South Korea-based manufacturer of PVC windows, for KRW135 billion ($114 million).
Portfolio: Shaw Kwei & Partners and Beyonics
When Shaw Kwei & Partners bought Singapore-based electronic manufacturing services player Beyonics, it was in debt and making no money. A strategic repositioning has returned the business to profitability
Five trends for 2016
What do the next 12 months have in store? AVCJ has some ideas, but first here is a review of the predictions made for 2015…
The crystal ball: Predictions for 2016
From Australia to China and buyouts to venture, industry participants give their perspectives on the year to come for fundraising, investments, and exits
SMFG agrees to buy GE's Japan leasing unit for $4.8b
Sumitomo Mitsui Financial Group (SMFG) has agreed to buy GE Capital’s Japan leasing business for JPY575 billion ($4.8 billion) as parent company General Electric continues to pare its assets.
Alibaba, Tencent join PE-backed group to take Bona Film private
Chinese internet giants Alibaba Group and Tencent Holdings have joined a PE-backed consortium seeking to privatize Chinese film studio and distributor Bona Film Group.
PE-backed group submits sweetened offer for China's iKang
A PE-backed consortium that includes Meinian Onehealth has submitted a revised and improved proposal to acquire US-listed iKang Healthcare Group.
PE consortium completes take-private of China's WuXi PharmaTech
A consortium comprising the founder and CEO of WuXi PharmaTech and several PE investors has completed the privatization of the China-based provider of contract R&D services to global pharmaceutical companies.
Huayi, Tencent, Yunfeng buy Hong Kong shell for movie investments
China's Huayi Brothers, Tencent Holdings and Yunfeng Capital – a PE firm co-founded by Alibaba Group's Jack Ma – have acquired a Hong Kong-listed shell company to develop films for local and international markets in a deal worth HK$547 million ($70.6...
Hunan TV & Broadcast backs Qihoo360 take-private project fund
Hunan TV & Broadcast Intermediary, a Shenzhen-listed TV producer, will invest up to RMB300 million ($46.7 million) in a project fund raised to support the take-private of Chinese internet security firm Qihoo 360 Technology.
China's Home Inns, Jiayuan agree take-private deals
Chinese budget hotel operator Home Inns and online dating site Jiayuan have agreed to be taken private and merge with industry counterparts.
Paine & Partners buys Australia's AgBiTech
Paine & Partners, which focuses on the global food and agribusiness industry, has acquired a majority stake in AgBiTech, an Australia-based producer of biological insecticides for crops.
AVCJ Awards 2015: Operational Value Add: ECO Industrial Environmental Engineering
Navis Capital Partners saw in ECO Industrial Environmental Engineering a potential leader in the hazardous waste management industry. Getting there was tougher than expected
AVCJ Awards 2015: Deal of the Year - Large Cap: Halla Visteon Climate Control
Hahn & Co spent three years talking to Visteon about its Korean subsidiary Halla Visteon Climate Control before sealing a proprietary deal supported by innovative funding