Investments

CITIC PE backs $331m take-private bid for China’s 3SBio

CITIC Private Equity is supporting a $331 million management buyout offer for NASDAQ-listed Chinese pharmaceuticals company 3SBio. It is the latest in a string of attempted take-private deals for US-traded Chinese firms that for a variety of reasons are...

Carlyle-backed Haier offers $705m for Fisher & Paykel

Carlyle-backed Haier Group has put in a NZ$869 million ($705 million) buyout offer for Fisher & Paykel Appliances (F&P), the New Zealand-based kitchen and appliance manufacturer. The Chinese company is willing to pay NZ$1.20 per share in cash - a 15.4%...

Carlyle, Multiples back South Indian Bank

The Carlyle Group and Multiples Alternate Asset Management have participated in a qualified institutional placement (QIP) for South Indian Bank, which raised INR4.4 billion ($80 million) from eight investors.

access-denied-cybersecurity
Secondaries: Access all areas?

With sophisticated regional players at one end and smaller novices at the other, navigating Asia’s nascent secondaries market requires patience, teaching skills and reliable information channels

GPs' optimism: Korea redux

Despite a few issues, South Korea has always been a favored market for Asian private equity investors. That is hardly surprising as the many of the best performing transactions in the history of the asset class in Asia have come out of Korea. It could...

Carlyle-backed China Pacific taps sovereign funds

China Pacific Insurance, a portfolio company of The Carlyle Group, has sold HK$10.4 billion ($1.3 billion) in new shares to Government of Singapore Investment Corp. (GIC), Norges Bank and Abu Dhabi Investment Authority (ADIA).

IFC considers loan for India wind power portfolio company

International Finance Corporation (IFC) may provide a $19 million loan to India’s NSL Group to support the development of a wind farm in the western state of Maharashtra. IFC already holds a 9.3% stake in the NSL subsidiary responsible for the project...

China, Russia sovereign funds invest in forestry firm

China and Russia’s sovereign wealth funds will invest $200 million for a minority stake in Russia Forest Products. This will be the first investment channeled through the Russia-China Investment Fund, a joint private-equity fund established by China...

Goldman tables Nine Entertainment debt proposal – report

Goldman Sachs has reportedly put together a restructuring proposal for Nine Entertainment that would see the Australian company’s A$3.8 billion ($3.9 billion) in debt convert to equity, writing off the vast majority of CVC Capital Partners’ investment.

Advantage Partners poised for Rex Holdings exit

Advantage Partners is preparing to exit a 66% holding in Japanese restaurant operator Rex Holdings to Colowide. Local media said the transaction, worth JPY13.7 billion ($175 million), would close as early as October.

  • Exits
Northstar, GIC in $200m Indonesian oil deal

Northstar Pacific Partners and Government of Singapore Investment Corporate (GIC) have reportedly invested $200 million in Triputra Agro Persada, an Indonesia oil producer. It isn’t the first time the two have co-invested in natural resources deal,...

Kaizen commits $4.5m to Indian school management firm

Kaizen Private Equity has invested INR250 million ($4.5 million) for a minority stake in Altus Learning, an Indian school management firm. The funding will be used to help the Gujarat-based operator expand in northern India.

Rival PE firm matches TPG’s $709m Billabong offer

A rival private equity firm – reportedly Bain Capital – has offered to match TPG Capital’s A$694 million ($709 million) buyout bid for Australian surfwear company Billabong International. The Billabong board maintains that neither offer reflects...