Investments
KKR inks largest-ever PE deal in Vietnam
Vietnam's status as a rising star in Asia’s private equity landscape was validated this week when KKR brokered the largest-ever PE deal in the market, acquiring a 10% stake in Masan Consumer Corporation for $159 million.
Providence invests in India’s UFO Moviez
Providence Equity Partners has invested INR2.6 billion ($58.3 million) to become the largest shareholder in digital cinema company, UFO Moviez. UFO is the world's largest satellite-based digital cinema service with close to 2,500 installations across...
CVC partially exits Hung Hing
CVC via investment holding company Asia Packaging Company, has reportedly sold a 29.9% stake in Hong Kong-listed Hung Hing Printing Group to Rengo Co., Ltd, a paper and packaging materials manufacturer listed on the Tokyo Stock Exchange, for HK$1.43 billion....
NTT and AP-backed 1st Holdings support Cloud computing techs
NTT Investment Partners, an investment arm of Japanese telecom company NTT Group, will invest JPY113 million ($1.35 million) into Midokura, a cloud-specialized software company. Also in the deal are listed data centre Bit-isle, and 1st Holding, a list...
SBI Holdings launch Korean government-backed PE firm
Japanese financial group SBI Holdings has announced that its private equity entity in South Korea, has been appointed as one of the fund managers to operate a new KRW 10 billion ($92 million) Japan/Korea parts and material fund, to be operated in conjunction...
Unitas takes over Dutch firm Hyva
Unitas Capital has completed its acquisition of 100% of Hyva Holdings B.V., the provider of transport solutions from European private equity firm 3i for EUR 525 million ($761.5 million). London-based 3i was believed to have paid EUR125 million ($160...
Cyberagent and Globis make additional investment in Japanese web start-up
Kayac Inc, an Internet start-up company has attracted investments from three firms – online advertising agency and venture capital fund operator CyberAgent, venture capital firm Globis Capital Partners and online clothing store operator Start Today.
Macquarie Goodman Japan abandons plan to take control of J-REP
Macquarie Goodman Japan Pte. Ltd (MGJ), a joint venture fund held by Australia’s Macquarie Bank and Goodman Group, the logistic and property investor partially owned by China Investment Corporation, has scrapped plans to take the remaining shares of...
IL&FS fully exits warehouse operator to Warburg Pincus
The Leverage India Fund (LIF), a private equity fund managed by IL&FS Investment Managers Limited with $153.5 million under management, has exited its five-year asset Continental Warehousing Corporation (Nhava Seva) Limited via a trade sale to Warburg...
Korean PE goes full circle
While fundraising efforts and investment and private equity activity have been subdued for some time, exit-focused activity is very much on the boil
Malaysian gambling operator may be up for grabs - reports
Malaysian entrepreneur Vincent Tan is reportedly considering the sale of a 49% stake in the unlisted gaming unit of Berjaya Sports Toto Bhd (B Toto), a holding company that owns, among its subsidiaries, assets linked to the gambling industry.
D.E. Shaw invests in Indian PIPE
DE Shaw, a global private equity and hedge fund company, is reportedly closing in on a 14.16 % stake acquisition in listed media channel operator New Delhi Television Ltd. (NDTV) INR70 crore ($158.4 million).
Arcapita exceeds expectations with MedPlus exit
Islamic investment bank Arcapita has reportedly exited its stake in India’s MedPlus Health Services to an unidentified private equity consortium, seeing 6x returns and exceeding its own expectations, according to Reuters.
J-Trust drops from Takefuji bid, A&P new leader
In a surprise twist in the long-awaited sale of distressed Japanese consumer lender Takefuji Corp., leading suitor, Goldman Sachs-backed J-Trust, has dropped out of the bidding process, making way for Korean lender A&P Financial Co. to assume the top...
DRC Capital-backed Yumeshin to take over personnel agency
Private equity-backed Yumeshin Holding Co., an outsourcing service provider in the construction industry, will launch a tender offer for listed personnel agency Fullcast Technology.
Unitas, CCMP hold Edwards listing
One month after Unitas Capital and CCMP Capital announced that their British vacuum-parts brand Edwards Group would list in the UK, the private equity owners have reportedly called the process off to await more stable market conditions.
TPG, Japanese PE majors vie for sweet acquisition
Advantage Partners, J-Will Partners and US buyout giant TPG have emerged as potential bidders for Hayashibara, a Japanese sweetener manufacturer.
Japan’s ETIC will support elderly medical service company
The Enterprise Turnaround Initiative Corporation of Japan (ETIC), a government-backed turnaround investment unit, will back the financially burnt-out medical operating group Hakuyuukai Medical, requesting that the company’s creditors withhold from recovering...
ChrysCapital partially exits Intas Pharmaceutical
Indian private equity firm ChrysCapital is reportedly planning to sell a portion of its shares in Intas Pharmaceuticals via an upcoming IPO, in which Intas aims to raise INR425 ($96.3 million).
MSPE Asia sees returns with China Shanshui
In a further testament to the opportunities surrounding China’s booming infrastructure sector, Morgan Stanley Private Equity Asia has fully exited its investment in Hong Kong-listed China Shanshui Cement, selling its final block of shares for $222 million....
Ant Capital sees 60% IRR on VarioSecure exit
Japanese private equity firm Ant Capital Partners has completed the JPY6.7 billion ($79.7 million) sale of its fully owned portfolio company VarioSecure Networks Inc., a provider of network security services. The sale to PE-backed 1st Holdings Inc., translates...
KKR and partner announce bid for Yageo
KKR Asia has teamed up with, Pierre Chen, chairman of Taiwan’s Yageo Corporation to launch takeover bid that will see Chen’s electronic-components manufacturer privatized. The deal values the target at $1.6 billion. The transaction will be conducted...
Temasek eyes TPG's stake in Shriram Transport - reports
Singaporean sovereign wealth fund Temasek Holdings is reportedly in negotiations with US buyout firm TPG Capital to purchase a stake in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender. According to India’s...
ETIC offers ARRK a lifeline
The Enterprise Turnaround Initiative Corporation of Japan (ETIC), a government-owned turnaround investment unit, has pledged JPY9 billion ($107 million) to ARRK Corporation, a listed manufacturer of prototype products, and its 67 subsidiaries.