Buyouts
PE investors target Korean corporate carve-outs - AVCJ Forum
Private equity investors in South Korea continue to see signs of increased deal flow in the form of corporate carve-outs as domestic conglomerates rationalize their businesses.
2015 AVCJ Awards - last call for nominations
Nominations for the 2015 AVCJ Private Equity & Venture Capital Awards close today, September 23. The deadline has already been extended once and will not be extended again.
PEP buys New Zealand's Manuka Health, Waterman exits
Pacific Equity Partners (PEP) has acquired health foods business Manuka Health New Zealand for an undisclosed sum. The deal facilitates an exit for New Zealand-based GP Waterman Capital.
Everstone buys Hindustan Unilever's bakery business
Everstone Capital has agreed to buy India-based Hindustan Unilever’s bread and bakery business for an undisclosed sum.
Big deals: Buyouts, tech transactions and the AVCJ Awards
Starting with the acquisition of Japan Telecom’s fixed-line business in 2003, Asia has seen 29 buyouts of $2 billion or more, although about 10 of those could be classified as large-scale infrastructure deals somewhat removed from the corporate private...
CHAMP PE, Sigdo Koppers pull plug on Bradken deal
CHAMP Private Equity and Chilean conglomerate Sigdo Koppers have abandoned merger discussions with struggling Australian mining industry supplier Bradken.
MBK consortium to buy Tesco's Homeplus in $6.4b deal
A consortium led by MBK Partners has agreed to buy Homeplus – Tesco’s South Korea unit – at an enterprise valuation of GBP4.2 billion ($6.4 billion). Canada Pension Plan Investment Board (CPPIB) will contribute $534 million to the deal. Other co-investors...
Korea outbound fund supports $377m China logistics deal
STIC Investments and Korea’s National Pension Service (NPS) have agreed to support a KRW455 billion ($377 million) acquisition of a majority stake in China-based Rokin Logistics by CJ Korea Express Corp.
China's HNA to buy PE-backed Avolon for $2.5b
Chinese aviation and shipping conglomerate HNA Group, has agreed to buy Avolon, a PE-backed aircraft leasing company, for approximately $2.5 billion.
MBK named preferred bidder for Tesco's Korea business - report
A consortium led by MBK Partners is said to have been named the preferred bidder for Tesco’s South Korea-based Homeplus business in a deal that could be worth around $6 billion.
Shaw Kwei makes buyout offer for Singapore-listed Chosen
Shaw Kwei & Partners has submitted a buyout offer for Chosen Holdings, a manufacturer of plastic components commonly used in consumer electronics, cars and medical devices, that values the Singapore-listed company at approximately $68 million ($48 million)....
PE investors excited by Philippines' strong fundamentals - AVCJ Forum
PE investors are drawn to the Philippines for its favorable macroeconomic position and potential to serve as a hedge to exposure elsewhere in Asia, but industry participants caution that the deal-making environment is still at a nascent stage of its development....
Korea middle market: Behind the curtain
Korea’s middle market continues to blossom thanks to succession issues, restructuring and ambitions to expand overseas. But deals are struck in strict confidence – and GPs say that is how it should remain
Korea buyouts: Who's selling?
Thanks to a steady stream of large cap deals, Korea accounts for a growing share of Asia buyout activity. But can this trend be sustained?
Korean conglomerates: Governance gridlock
The shareholder spat between Samsung and Elliott Management put Korea’s corporate governance shortfalls under the spotlight, but industry participants don’t expect to see the chaebol brought into line
FountainVest backs China iKang Healthcare's take-private
Chinese healthcare services provider iKang Healthcare Group has accepted a take-private offer from its founder in collaboration with FountainVest Partners.
IHH buys PE-backed Global Hospitals for $194m
IHH Healthcare has agreed to buy India's Ravindranath GE Medical (RGE), which operates five hospitals under the Global Hospitals brand, for INR12.8 billion ($194 million) in cash.
JD Capital to acquire Ageas' HK life insurance unit for $1.4b
Chinese private equity firm JD Capital has agreed to buy Ageas’ Hong Kong life insurance business for HK$10.68 billion ($1.38 billion).
Brookfield, Kotak acquire Indian road, power projects
Brookfield Asset Management and Kotak Mahindra’s Core Infrastructure India Fund will buy six road and three power projects from Gammon Infrastructure Projects.
Vogo buys Korean lifestyle product maker Bodyfriend
Vogo Investment has acquired a controlling stake in Bodyfriend, South Korea's largest maker of massage chairs and other lifestyle products, in a management buyout.
VIDEO: Warburg Pincus' Charles R. Kaye
Twenty years after Warburg Pincus set up shop in Asia, the region accounts for one third of the firm’s headcount and approximately one third of its most recent global fund. However, Charles R. Kaye, co-CEO of Warburg Pincus, is non-committal when asked...
Good Resources commits $93m to finance Go Scale's Lumileds deal
Good Resources Holdings, a Hong Kong-listed investment firm controlled by Chinese billionaire Kinming Cheng, has agreed to contribute $93 million to the PE-led acquisition of Lumileds, the LED components and automotive lighting unit of Dutch electronics...
Partners Group-owned Trimco buys A-Tex from Polaris
Trimco, a Hong Kong-headquartered garment label manufacturer controlled by Partners Group, has agreed to buy industry peer A-Tex from Europe-based Polaris Private Equity.
Nominations open for the 15th AVCJ Awards
Following a significant change in format last year, the 2015 - and 15th - AVCJ Private Equity & Venture Capital Awards features just one new prize. The venture capital deal of the year category has been split in two: early stage technology and late stage...