Investments
Foster's rejects SABMiller
Foster's Group has rejected a takeover bid by US label SABMiller, branding the A$9.5 billion ($10 billion) as offer too low. The move comes one month after the Australian firm spun off its distressed wine brand - provoking considerable interest from private...
KTB PEF to take 32% stake in Korean semiconductor firm
KTB PEF has agreed to pay KRW37.8 billion ($34.8 million) for a 32% stake and management control of Leenos, a South Korean semiconductor manufacturer. Based on the target company’s market capitalization of KRW88 billion ($81.7 million) on June 15, the...
Paulson exits scandal-hit firm as concern mounts about China forestry plays
Paulson & Co. has exited its stake in Sino Forest following fraud allegations against the Chinese company. It is the second such firm to be implicated in a scandal after China Forestry, which is backed by The Carlyle Group and Partners Group, was suspended...
LPs drive change in private equity
A new survey shows recovering confidence in private equity, but LPs are becoming more selective about their investments.
Japanese GPs still see opportunities
Private equity investors are thinking twice about trouble-hit Japan, but reports of its demise are greatly exaggerated
Carlyle’s diversifies its business ahead of IPO
The carlyle Group's purchase of a 55% stake in Emerging Sovereign Group (ESG) is its second acquisition in the asset management space within seven months and a clear indication of how the private equity wants to develop its business.
Angel investors rise in China
Venture capitalists are turning to earlier-stage funding as they seek to add value and avoid the crowded growth capital space
Harbin Electric management buyout receives board approval
Shares in NASDAQ-listed Harbin Electric jumped as much as 73% on Monday as the board agreed to a management buyout backed by private equity firm Abax Global Capital and China Development Bank. The stock closed at $13.35, up 59%, but still well below the...
PEP considers Collins Food Group IPO
Pacific Equity Partners wants to take Collins Foods Group public before the end of the year with a target enterprise value of $400 million. According to the Australian Financial Review, Deutsche Bank and UBS are close to finishing pre-marketing research...
ING fund of funds profits from Quadrant’s Australia fast-food sale
Australian fund of funds ING Private Equity Access announced that another of its private equity investments will be returning cash to the company. Quadrant Private Equity has sold Quick Service Restaurant Holdings (QSRH) to Archer Capital for approximately...
HSBC’s private equity unit invests in Indian post-production firm
HSBC Principal Investments has agreed to pay $60 million for a minority interest in Avitel Post Studioz, a Mumbai-based post-production company serving the media and entertainment industries.
Actis considers Sterling exit
Actis, a London-headquartered emerging markets investor, is set to exit its 80% stake in Gujarat-based Sterling Add-Life Medical Institute, the Business Standard reported, citing sources close to the deal.
PE-backed Chinese fashion retailer plans US IPO
Moonbasa, a Chinese fashion retailer that counts China Renaissance Capital, GSR Ventures and DT Capital Partners among its investors, is seeking to raise $150 million on NASDAQ, Bloomberg reports.
Warburg Pincus to sell Max Healthcare stake to Max India
Max India, an insurer and hospital operator, plans to buy a 16.37% stake in its subsidiary Max Healthcare from Warburg Pincus, Economic Times reported.
Harbin Electric denies concerns over PE-backed management buyout
Harbin Electric, a Chinese electric motors manufacturer that is subject to a $750 million management buyout backed by Abax Global Capital, has challenged fraud claims made by a short-seller that has seen the company’s stock tumble.
Hony Capital participates in Suning private placement
Hony Capital will invest RMB1.2 billion ($185 million) in Suning Appliance, a leading Chinese consumer electronics retailer, as part of a private placement worth up to RMB5.5 billion ($850 million). The private equity firm has agreed to subscribe to 97.56...
KITVEN invests in Indian mapping services provider
Bangalore-based Vidteq India has raised funding from Karnataka Information Technology Venture Capital Fund (KITVEN) for undisclosed amount.
Lone Star challenges stock manipulation charges in Korean court
Lone Star will file a petition to void stock manipulation charges leveled against it and Paul Yoo, the head of its South Korea unit, Reuters reported. The move is likely to prolong the private equity firm’s sale of a 51% stake in Korea Exchange Bank...
Propel exits Marstel to Norway's Stolt-Nielsen
Propel Investments has agreed to sell its 45% stake in Marstel Holdings, a bulk liquid terminal operator in Australia and New Zealand, to Norwegian firm Stolt-Nielsen for an undisclosed sum. Completion of the transaction is expected to take place in the...
CITIC Capital, Vector take RAE Systems private
CITIC Capital Partners and Vector Capital, a technology-focused global private equity firm, have completed the acquisition of RAE Systems in a take-private transaction worth approximately $138 million.
CVC completes partial exit from Malaysian gaming company
CVC has completed a partial exit from Magnum, Malaysia’s largest gaming business, receiving $410 million in cash plus an allotment of shares with an approximate current market value of $157 million.
Private equity-backed Apo Plus Station makes healthcare acquisition
Apo Plus Station, a portfolio company of Japanese private equity firm J-Star, has purchased a 40% stake in EBM, a clinical examinations specialist.
Ashmore poised to buy stake in Pakistani fertilizer firm
Private equity firm Ashmore has been granted 90 day extension by the Securities and Exchange Commission of Pakistan to purchase 80% stake in Agritech, formally known as Pak American Fertilizer.
TPG, Affinity seek IPO exit from Singapore's UTAC
TPG Capital and Affinity Equity Partners are targeting a $400 million IPO for United Test Assembly Center (UTAC), a Singaporean firm that tests and assembles semiconductors. It is likely to be the largest listing in Singapore this year aside from business...