Investments
PEP-backed Collins Foods seeks to raise $255m through IPO
Collins Foods, the Australian fast-food group owned by Pacific Equity Partners, plans to raise up to A$238 million ($255 million) through an IPO. The firm will offer 81.6 million shares priced at A$2.50-2.92 apiece in what is potentially Australia’s...
Bondholders threaten takeover of failed Japanese consumer lender
A&P Financial’s court-mandated takeover of Japan’s Takefuji Corp. could be derailed after bondholders in Takefuji sought to force the consumer lender into liquidation with a view to seeing a better recovery from their investment, Reuters reported.
Bright Food considers Treasury Wine bid - report
Shanghai-based food producer Bright Food Group is considering buying Australia’s Treasury Wine Estates, the brand that was spun off by beer maker Foster’s Group last month, Bloomberg reported.
Nomura to launch India infrastructure fund in September
Nomura Holdings plans to launch its $500 million India-focused $500 infrastructure fund in September, according to Vikas Sharma, the Japanese asset manager's country head for India. The launch date is a couple of months later than originally expected.
SCPE takes 49% stake in Doosan Industrial Vehicle
Standard Chartered Private Equity (SCPE), has taken 49% stake in South Korea’s largest forklift manufacturer Doosan Industrial Vehicle (DIV) for undisclosed sum. Sources indicate the deal is worth about $230 million.
Management, private equity launch takeover bid for China Natural Gas
China Natural Gas, a NASDAQ-listed compressed natural gas provider, plans to go private, backed by a group comprising the company chairman and CEO and Themes Investment Partners. Ji Qinan, the chairman and CEO, has entered into an exclusivity agreement...
IPO exits twice as popular in China as in India – study
Private equity investments in China are twice as likely to result in an IPO exit as investments in India, where M&A remains the preferred route, according to new research published by LGT Capital Partners and INSEAD’s global private equity initiative.
Australia's PE-backed Barminco pulls IPO
Mining contractor Barminco, which is majority-owned by Gresham Private Equity, has pulled out of its $580 million IPO. It is the latest in a string of Australian companies to stall listing plans amid market volatility.
Vogo, Tstobe, MBK participate in South Korea's Woori auction
Three South Korean private equity funds, Vogo Fund, Tstone and MBK Partners, have emerged as potential bidders to purchase the government's 57% controlling stake in Woori Financial Holdings, worth an estimated $6 billion .
DLA Holdings participates in TravelShark fundraising
DLA Holdings, the Singapore-based private equity firm, has invested $5 million in leading online travel network TravelShark. This latest round of financing takes the company’s total fundraising activity to $8 million.
Japanese GPs prepare for a smaller future
Consolidation is in the cards as Japan’s private equity industry focuses on mid-cap plays rather than buyouts
Does Taiwan still like buyouts?
The rejection of a KKR-led MBO of Yageo is yet more disheartening news for Taiwan’s PE community
Buyouts reassess their Australia risk
A hot currency and a degree of regulatory uncertainty are not turning investors away from Australia, but they may alter how buyouts do business there
Profounders participates in Tibetan water producer’s IPO
China-focused Profounders Private Equity acted as a cornerstone investor in Tibet 5100 Water Resources Holdings’ $177 million IPO in Hong Kong. The firm’s Profounders I fund agreed to subscribe to a portion of shares worth $30 million, leaving it...
PE-backed China Outfitters postpones Hong Kong offering
China Outfitters Holdings, the menswear producer and retailer backed by private equity firm Orchid Asia Group, has postponed plans to raise up to $299 million through a Hong Kong IPO. The company said market conditions were currently too volatile.
PE firms participate in ING Vysya Bank share placement
A group of six funds, led by private equity players ChrysCapital, Morgan Stanley and India Advantage Fund, have bought a more than 5% stake in ING Vysya Bank for about INR300 crore ($70 million). The stake was purchased through the bank’s recent INR513...
Fidelity Growth Partners makes India education investment
Fidelity Growth Partners will take an undisclosed minority stake in Mind Shaper Technologies for about $15 million, according to statement from the Delhi-based education company. Mind Shaper operates under the Classteacher Learning Systems brand, which...
Sequoia commits $30m to Indian snack foods producer
Sequoia Capital will invest $30 million in Prakash Snacks, marking the first round of private equity funding for the Indore-based snack food producer.
PEP targets $263m IPO for Collins Foods
Collins Foods, the Australian fast-food group owned by Pacific Equity Partners (PEP), is planning an IPO worth about A$250 million ($263 million). Deutsche Bank and UBS have been appointed joint lead underwriters and have already begun pre-marketing,...
Warburg Pincus extends stake in Continental Warehousing
Warburg Pincus has made its second investment in Indian warehouse manager Continental Warehousing (Nhava Seva) in as many months, purchasing an unspecified stake from Aureos Capital.
Indian micro-lender gets $14.4m in third-round funding
Bangalore-based micro-lending company Janalakshmi Financial Services has secured INR650 million ($14.4 million) in third-round funding, taking the total raised from private equity to just over INR1 billion ($22 million).
PE-backed IPOs outperform the field – AVCAL study
Private equity-backed IPOs perform better than those without PE involvement, according to a new study published by the Australian Private Equity and Venture Capital Association (AVCAL).
Taiwanese regulators block KKR-led takeover bid for Yageo
Taiwanese regulators have a KKR-led bid to privatize domestic electronic-component maker Yageo, saying that investors were not provided with sufficient information regarding the transaction’s risks.
PEP to target smaller deals in India
Providence Equity Partners plans to focus on smaller investments in India, having previously been involved in large telecom and media deals. Biswajit Subramanian, managing director of Providence Equity Advisors India, told Mint that, with big transactions...