Buyouts
Indian regulator approves Baring Asia's acquisition of CMS
Baring Private Equity Asia has received permission from India's Competition Commission to acquire ATM management service CMS Info Systems, providing an exit for The Blackstone Group.
Deal focus: CITIC tries Mark Styler on for size
China's appetite for fashion is massive and growing. A recent report by the Fung Business Intelligence Centre put the country’s apparel retail market at around RMB1.14 trillion ($187 billion) in 2013, up 11.6% from the previous year. China is expected...
Q&A: Unison Capital's Tatsuo Kawasaki
Unison Capital is in the process of raising its fourth Japan-focused fund. Tatsuo Kawasaki, a partner at the firm, discusses how government policy and market dynamics might impact its deployment
TPG, PAG-owned DTZ to buy Cushman & Wakefield for $2b
DTZ, a property services provider owned by TPG Capital, PAG Asia Capital and co-investor Ontario Teachers’ Pension Plan (OTPP), has agreed to buy industry peer Cushman & Wakefield for an enterprise value of $2 billion.
MBK invests in China logistics player Apex International - update
North Asia-focused buyout firm MBK Partners has acquired a majority stake in Apex International Corporation, a China-based logistics company with a strong presence in freight forwarding.
PE to exit as Japan's Recruit buys Wahanda
Japan’s Recruit Holdings has acquired UK-based Hotspring Ventures, the company behind online hair and beauty marketplace Wahanda, for JPY4.5 billion ($37.6 million), providing an exit for the company’s VC backers.
Australia mezzanine: Compromise solution
The rise of holdco PIK debt has created Australia-based financing structures in which senior lenders and mezzanine providers can coexist. They also offer GPs greater flexibility at what is, for now, an acceptable price
CITIC Capital buys Japan apparel brand
CITIC Capital has acquired Japanese women's apparel company Mark Styler for an undisclosed sum.
KKR-owned MMI completes $580m refinancing
MMI, a Singapore-based hard disk drive components manufacturer owned by KKR, has secured a $520 million term loan and a $60 million five-year secured revolving credit facility to refinance its outstanding debt.
Hua Capital, CITIC, Goldstone to buy OmniVision for $1.9b
A Chinese PE consortium comprising Hua Capital, CITIC Capital and Goldstone Investment have agreed to buy OmniVision Technologies, a US-listed chip maker for smart phones and tablet cameras, for $1.9 billion in cash.
Ally Bridge supports WuXi PharmaTech take-private
WuXi PharmaTech, a China-based provider of contract R&D services to the global pharmaceutical sector, has received a take-private bid led by its founder and chairman and healthcare-focused PE firm Ally Bridge Group.
India's Fortis to sell Singapore unit for $83.5m
India's Fortis Healthcare will sell its Singapore-based diagnostics arm RadLink-Asia to Fullerton Healthcare Group for S$111 million ($83.5 million).
Unison sells Asahi Tec casting assets to India's Amtek Auto
Asahi Tec, a Japanese auto-parts supplier controlled by Unison Capital, has agreed to sell a portfolio of companies covering casting and forging to India's Amtek Auto.
VC-backed PropTiger buys local rival Makaan
Indian property marketing platform PropTiger, which is backed by Accel Partners, Horizen Ventures and SAIF Partners, along with News Corp, has bought online property listing and classifieds website Makaan for an undisclosed amount.
Denham platform Auctus offers to buy Australia's Mungana
Auctus Minerals, an Australian mining platform set up by Denham Capital, has submitted a takeover bid for listed miner Mungana Goldmines. It values the business at A$32.5 million ($26 million).
India's BuyingIQ bought by VC-backed CarDekho
Price comparison portal BuyingIQ has been bought for an undisclosed sum by Girnar Software, parent company of auto marketplace CarDekho, which is supported by Hillhouse Capital and Sequoia Capital.
Portfolio: IMM Private Equity and Korea's Hollys Coffee
IMM Private Equity thinks Hollys Coffee has what it takes to become a homegrown star in Korea’s fiercely competitive coffee house industry. Two years into the investment, rejuvenation efforts appear to be paying off
Ticket Monster tools up for e-commerce fight
EBay paid $1.2 billion for a dominant position in Korean online retail in 2009 with the privatization of NASDAQ-listed Gmarket. It was the leading e-commerce marketplace, accounting for KRW3.99 trillion (then $2.6 billion) of the country’s estimated KRW18.1...
PE and China franchising: Eat what you cook
Franchising is an effective way of establishing Western restaurant brands in China. Private equity firms have picked up on the opportunity, but it is not without risk. Local appeal and strong partners are essential
Apax to exit iGate as Capgemini agrees $4b acquisition
French IT services company Capgemini will pay $4 billion to acquire US and India-based technology and service provider iGate, facilitating a 3.7x exit for iGate's PE backer, Apax Partners.
Platinum Equity buys Chinese manufacturer Ying Shing
US private equity firm Platinum Equity has bought Ying Shing Enterprises, a Chinese company that specializes in precision tool making, injection molding and contract manufacturing, for an undisclosed sum.
Advent, Temasek to buy Crompton Greaves' consumer unit
Advent International and Temasek Holdings have agreed to buy a 34.37% stake in the consumer products unit of India’s Crompton Greaves from Avantha Group. The deal values the business at INR66 billion ($1.07 billion).
Riverside adds to Australia e-learning platform
The Riverside Company has acquired C-Learning, an Australia-based developer of online education courses, to complement its existing education asset in the country, Learning Seat.
Integral, ANA agree joint sponsorship of Japan's Skymark
Tokyo-based private equity firm Integral Corp. has reached an agreement with local airline operator ANA Holdings to invest JPY18 billion ($150 million) in ailing Japanese carrier Skymark.