Investments
Morgan Stanley PE Asia exits China Shanshui
Morgan Stanley Private Equity Asia has fully exited its investment in Hong Kong-listed China Shanshui Cement with the sale of block priced at $222 million. Morgan Stanley was the sole book runner.
J-Will may buy the Incubator Bank of Japan
J-Will Partners, a leading private equity firm based in Tokyo, has emerged as one of the potential bidders to take over the failed Incubator Bank of Japan, joining local lenders Aeon Bank and Kyoto Credit Cooperative to vie for the asset.
US firm launches Australasia-focused real estate fund
LA-based Jumpstart Capital Partners is to launch a PE real-estate focused unit that will initially target distressed and undervalued property-related investments in Australia and New Zealand.
A view from the top
The upcoming 2011 AVCJ Private Equity and Venture Capital Review highlights the growing importance of Asia-Pacific to the global PE community. It also raises the question: Just where is all this money going?
AVCJ India report shows PE making strides
The themes common to any discussion on Indian private equity are still there today, but instead of debate, the 2011 AVCJ India Private Equity and Venture Capital report showed steady progress and lessons learned. PIPEs are down by nearly two-thirds –...
Lombard exits Thai paper group
The private equity firm Lombard Investments, Inc. has announced that it has sold its 23% holding in S.Pack & Print Public Company Limited, a Thai paper packaging manufacturer, to Oji Paper Company Limited, one of the largest paper production and packaging...
VIDEO: PE experts discuss challenges in Oz
While Australia’s economic landscape has increasingly improved as the affects of the global financial crisis fade, some of the private equity and venture capital industry’s experts discuss the ongoing challenges they still face in Oz.
Carlyle completes Tsubaki Nakashima acquisition
At a time when companies in Japan are revising their plans to await a more stable environment in the aftermath of the recent 9.0-magnitude earthquake that rocketed the market, others hope to show that business can still go on as usual, as The Carlyle...
Carlyle sells OIL to European PE firm
The Carlyle Group has sold its portfolio asset Offshore Incorporations Group (OIL), a holding group specializing on the set up of offshore corporations, to European PE firm IK Investment Partners for an undisclosed price.
JAIC ceases to be the majority holder in Japanese auto parts maker
Japan Asia Investment Co. (JAIC)., a Tokyo-based venture capital firm, has sold a 25.54% stake in listed Japanese auto part manufacturer Ikuyo Co. to Nittoh Co., a Tokyo-based plate and molding company, for undisclosed sum.
KKR-backed Far Eastern Horizon nears IPO
Private equity-backed Far East Horizon Ltd., a division of government-owned Chinese trading conglomerate Sinochem Group, has reportedly targeted $600 million ahead of its official IPO process in Hong Kong next week, according to Bloomberg.
Pipavav Shipyard sees another PE exit
Three IL&FS divisions have exited a 7.68% stake in Pipavav Shipyard to Ovira Logistics through open market deals, marking the latest private equity exits in the Indian shipbuilder.
Buy, buy, buy
While official data out of the PRC varies, most market observers report increasing M&A activity in all segments of the market. Consensus is this will continue for the foreseeable future, and that private equity will want to be more involved
An industry still standing
Just one month before the annual event of the cherry blossoms would make Japan one of the most beautiful countries in the world, a 9.0 earthquake hit east of Honshu on March 11, giving rise to a tsunami estimated about 14 meters height and further leading...
Malaysian funds swap Apollo Hospital stakes
Malaysian sovereign wealth fund Khazanah Nasional Bhd has invested INR470 crore ($104 million) in leading Indian healthcare chain Apollo Hospitals, taking a 8.82 % stake from Bisikan Bayu Investments, another Malaysian government fund.
CVC invests $269 million in Indonesian media group
European private equity firm CVC Capital Partners will invest 2.35 trillion rupiah ($269 million) in the cable TV and internet units of Jakarta-based media group PT First Media, taking a strategic partnership position, the company announced.
AXA buys CBs in China funeral services company
AXA Direct Asia II, LP, has announced in a filing with the Hong Kong Stock Exchange, that it will pay $12.5 million to subscribe to zero coupon convertible bonds of Sage International, a Chinese company engaged in funeral services. The bonds can be converted...
Khazanah may sell Pos stake
Malaysian sovereign wealth fund Khazanah Nasional Bhd. is reportedly looking to offload its 32.2% stake in Pos Malaysia Bhd., a Malay postal services company, by April 12.
Walden International invests in Indian loan portal
VC firm Walden International has reportedly invested $6 million in A&A Dukaan Financial Services Pvt Ltd., the parent of Indian loan and insurance quotation website BankBazaar.com, as part of a second round of funding.
Japanese volatility prompts firms to change course
In light of the market volatility prompted by last week’s devastating 9.0-magnitude earthquake in Japan, the plans of at least two private equity-related companies have been delayed to await a more stable business environment.
General Mills to acquire Yoplait stake - reports
The months’ long competition for 50% ownership of global yogurt brand Yoplait is reportedly reaching its end, with industry giant General Mills said to have sealed the acquisition deal for $2.2 billion, besting rivals including PE players and China’s...
RaQualia Pharma postpones Japan IPO
Private equity-backed RaQualia Pharma Inc., an Aichi-based specialized marketing and intellectual property firm servicing the pharmaceutical industry, has announced the postponement of its IPO onto the Osaka Stock Exchange JASDAQ Growth Market due to...
Mizuho Financial Group consolidates its affiliates
Mizuho Financial Group (MHFG), Japan’s second largest financial group, is to acquire the remaining shares it does not own in each of its affiliate companies - including Mizuho Trust Banking Co., Mizuho Securities Co., Mizuho Invester Securities Co.,...
Foster's to decide on wine business' future
Australia’s Foster’s Group is to vote on the potential spin out of its multi-billion-dollar wine business in a move that may finally give private equity players a chance at the asset.