Buyouts
Bridgeport Capital acquires Australia's Underground Cable System
Bridgeport Capital, the direct investment arm of Hawkesbridge Capital, has acquired Australia’s Underground Cable Systems (UCS) in a deal worth approximately A$100 million ($73 million) alongside company management.
Australia's Cardno backs improved buyout offer from Crescent
Crescent Capital Partners has moved closer to a buyout of Australian engineering company Cardno by winning board support for the deal with an improved offer.
Providence makes buyout offer for Australia's iSelect
Providence Equity Partners has submitted a buyout offer for iSelect, an Australian Securities Exchange-listed product comparison site specializing in insurance, household utilities and personal finance.
Australian regulator flags concerns about Brookfield's Asciano deal
Australia’s competition regulator has raised concerns about Canada-based Brookfield Asset Management’s A$8.9 billion ($6.5 billion) cash-and-stock acquisition of listed rail freight and cargo port operator Asciano.
Australian pub owner rebuffs takeover bid
ALE Property Group, owner of Australia’s largest portfolio of freehold pub properties, has rejected a takeover bid from private investment firm Caledonia that values the business at approximately A$770 million ($564 million).
Temasek, Silver Lake back Dell in $67b acquisition of EMC
Singapore's Temasek Holdings is supporting the $67 billion acquisition of data storage and cloud computing company EMC Corporation by US-based computer maker Dell. Other backers include Silver Lake and MSD Partners.
Everstone pays $54m for controlling stake in India's SJS - update
Everstone Capital has reportedly bought a 51% stake in India-based industrial graphics maker SJS Enterprises for INR3.5 billion ($54 million).
Cardno board rejects takeover bid from Australia's Crescent
The board of Australian engineering company Cardno has advised shareholders to reject a buyout offer from Crescent Capital Partners on the grounds that it is opportunistic and undervalues the business.
3Q analysis: Digital dreamers
Early- and growth-stage technology deals dominate the China investment charts; middle market fundraising enjoys a rebound; private equity investors turn to trade sales as the public markets flounder
QIC leads $1.3b purchase of Australian gas storage facility
QIC Global Infrastructure Fund has led a consortium to purchase the Iona Gas Storage Facility in Australia for A$1.78 billion ($1.3 billion).
Philippines private equity: Please be patient
Investors are flocking to the Philippines, but PE firms should invest time in building relationships with family-owned businesses and the government must deliver reforms if the country is to fulfil its potential
CHAMP PE sells Australia's Alleasing to Monash
CHAMP Private Equity has sold Alleasing, an Australia-based leasing business, to Monash Private Capital in a deal said to be worth A$190 million ($135 million).
H&Q Korea to take full ownership of JobKorea in $85m deal
H&Q Korea plans to acquire the 50.1% of JobKorea - the South Korean operation of Monster Worldwide - that it doesn't already own for approximately $85 million.
PE-backed Infogain to buy India's Blue Star IT operations
Infogain, the US-based IT consulting firm backed by ChrysCapital, has agreed to acquire the IT operations of India's Blue Star Infotech (BSIL) for INR181 million ($27 million).
Fosun, Zhejiang government launch RMB fund-of-funds
Fosun Group and the Zhejiang provincial government will launch a RMB10 billion ($1.6 billion) renminbi-denominated fund-of-funds (FoF), with a view to restructuring and transforming different industries.
Mergermarket Group acquires AVCJ
Asian Venture Capital Journal has been acquired by Mergermarket Group, a BC Partners portfolio company. It brings to an end Incisive Media’s nine-year tenure as owner of the brand.
PE backers to exit 7 Days Group to hotel operator Jin Jiang
A group of PE backers, including The Carlyle Group and Actis Capital, are set to exit Chinese budget hotel chain 7 Days Group as industry peer Shanghai Jin Jiang Hotels agreed to acquire a majority stake in the company for RMB8.3 billion ($1.3 billion)....
EMR Capital to buy Australian copper mine
EMR Capital has agreed to buy Australia's Mt. Gordon copper mine from its current owner, India's Aditya Birla Minerals, for A$15 million ($10.8 million).
Forebright supports take-private of China's Jinpan International
Forebright Capital, a PE firm formed last year though a spin-out from China Everbright International, is supporting a $73.9 million take-private bid for US-listed Jinpan International, led by the company’s chairman.
PEP buys New Zealand-based Academic Colleges Group
Pacific Equity Partners (PEP) has agreed to buy Academic Colleges Group (ACG), New Zealand’s largest private provider of school education, university foundation studies and tertiary training programs.
Hony still focused on China reform, despite market volatility
Hony Capital will continue to help Chinese companies – both private and state-owned enterprises (SOEs) – with business transformation, despite weak global investor sentiment due to the country’s slowing economy.
Blackstone buys back India BPO unit from Serco for $387m
The Blackstone Group has agreed to buy the majority of Serco Group’s India-based business process outsourcing (BPO) operations for GBP250 million ($387 million). The major asset in the deal is the former Intelenet business, which Blackstone sold to Serco...
Anchorage wins rival's backing for buyout of Australia's Affinity
Anchorage Capital Partners has won the support of rival bidder G8 Education for its acquisition of Australian childcare business Affinity Education after submitting an improved offer.
Crescent submits takeover bid for Australia's Cardno
Crescent Capital Partners has submitted a takeover offer for Cardno, a listed Australian engineering company that focuses on developing physical and social infrastructure projects.