Buyouts
KKR to buy majority stake in Japanese DJ equipment business
KKR has agreed to buy Japanese electronics manufacturer Pioneer Corporation’s DJ equipment division for around JPY59 billion ($551 million). Pioneer will retain a minority interest in the business.
Baring Asia drops out of Japan electronics deal
Baring Private Equity Asia has abandoned plans to acquire the audio-video operations of Japanese car electronics maker Pioneer Corp - alongside the company's rival Onkyo Corp - three months after reaching a basic agreement.
Fosun, Ardian bring in Jiuding for improved Club Med offer
Fosun International and Ardian Private Equity have reactivated their interest in French-based vacation resorts operator Club Méditerranée (Club Med), forming a new consortium that includes Chinese GP Jiuding Capital and Hong Kong Utour International Travel...
PEP, KKR target SAI Global extends bid deadline
Australian risk management and standards compliance business SAI Global – which is subject to a takeover bid from Pacific Equity Partners (PEP) and KKR – has extended the deadline for other offers.
NPS, Macquarie-backed Megabox goes on sale
Megabox, the South Korean movie theatre chain 50% owned by a consortium including the Korean National Pension Service (NPS) and Macquarie Group, is being sold at auction.
Navis returns for Dome Coffees refill
Having built a strong relationship with the management team at Dome Coffees Australia, Navis Capital Partners was comfortable with the notion of buying the specialty coffee and dining restaurant chain for a second time, 11 years after the first acquisition....
Carlyle, FountainVest pull out of China Shanda Games take-private
The Carlyle Group and FountainVest Partners have pulled out of the consortium backing a $1.9 billion bid to acquire US-listed Chinese games developer Shanda Games.
Q&A: Morgan Stanley PE Asia's Michael Chung
Michael Chung, Seoul-based managing director with Morgan Stanley Private Equity Asia (MSPEA), discusses the intricacies of buying businesses from local conglomerates – and the prospects for exits via trade sales and IPOs.
Korean outbound M&A: Satisfied partners?
Korea’s National Pension Service wants private equity to help local corporates expand overseas. Three years after its inception, the Corporate Partnership Fund has yet to prove it is the answer
Navis completes buyouts in Australia, Singapore
Navis Capital Partners has completed two buyouts, acquiring Singapore-based pipe cladding manufacturer Cladtek and Australian casual dining chain operator and franchisor Dôme Coffees Australia.
Polaris pays $86m for Japanese all-you-can-eat chain
Japanese mid-market buyout firm Polaris Capital has bought a 100% stake in all-you-can-eat restaurant chain Edoichi.
FountainVest buys majority stake in US-based Key Safety Systems
FountainVest Partners has acquired a controlling interest in Key Safety Systems (KSS), a US-based auto components manufacturer that has considerable exposure to China. Canada Pension Plan Investment Board (CPPIB) is participating as a co-investor.
Partners Group's Sino-European play
The manufacturers of guide rails used in elevators are an oligopoly serving an oligopoly. Three companies control 80% of the market and eight of their clients are responsible for 90% of the world’s elevators. This concentration of supply may in part be...
Ekuinas buys majority stake in Malaysian tanker company
Ekuinas, the Malaysian government-backed private equity investor, has agreed to acquire up to 95.5% of Orkim, one of the country’s largest clean petroleum product (CPP) tanker companies, for MYR346.3 million ($109 million).
China-Israel fund invests $42m in Swiss tool maker
Catalyst CEL Fund, a joint venture between China Everbright and Israel-based Catalyst Equity Management, will invest approximately $42 million in Lamina Technologies, a Switzerland-based tool manufacturer.
Hony in $113m China farm machinery deal
Hony Capital has acquired a 20% stake in Chinese farm machinery maker Chery Heavy Industry for RMB696 million ($113 million).
CITIC Capital buys Chinese mattress maker
CITIC Capital Partners has acquired a controlling stake in King Koil Shanghai Sleep System, a Chinese mattress maker.
CITIC PE scraps plans for Biosensors takeover
CITIC Private Equity has abandoned plans for a takeover of Singapore-listed Biosensors International, although it will remain an active investor in the medical device manufacturer.
Advantage acquires Japan kitchenware provider
Japanese mid-market GP Advantage Partners has acquired FMI Corp, an Osaka-based provider of kitchenware products and services.
Partners Group buys China-focused elevator components maker
Partners Group has agreed to buy a controlling stake in Suzhou Savera Elevator Riding System, a Spanish elevator components manufacturer that now draws most of its business from China, for an enterprise valuation of more than $450 million.
China's AVIC confirms talks to buy PE-backed Avolon
AVIC Capital, a subsidiary of aircraft manufacturer Aviation Industry Corporation of China, has confirmed it is in talks to buy Avolon, an aircraft leasing company owned by Oak Hill Capital, CVC Capital Partners and Cinven.
Fosun, Ardian withdraw Club Med bid
Chinese conglomerate Fosun International and Ardian Private Equity have withdrawn their takeover bid for French-based vacation resorts operator Club Méditerranée (Club Med).
Goodpack shareholders back KKR buyout
Shareholders of Singapore-listed Goodpack, the world largest maker of intermediate bulk containers (IBCs), have approved a S$1.4 billion ($1.1 billion) take-private offer made by KKR.
TPG buys control of Sri Lankan bank
TPG Capital has agreed to invest approximately $117 million in Union Bank of Colombo (UBC) in what will be Sri Lanka’s largest-ever private equity buyout as well as one of the biggest foreign direct investments in the country in recent years.