Investments
MBK may partner with Hana for KEB
MBK Partners, the Korean buyout firm, has reportedly proposed investing KRW1 trillion ($891.6 million) to help Hana Financial Group to buy a controlling stake in Korea Exchange Bank (KEB), according to the Korean Times.
EQT acquires Classic Fine Foods
EQT Greater China II has taken a 96% stake in Classic Fine Foods Group (CFF), a multinational importer and distributor of fine foods, from London-based Vestey Group Ltd.
Temasek sells out of Thai hospital; on the sly?
This week, a letter to the Stock Exchange of Thailand revealed that a 12.6% stake in Bumrungrad Hospital had been sold mid-January by several investors, one of which included Singaporean sovereign wealth fund, Temasek Holdings. Interestingly, the letter...
Valiant exits Japanese drug dispensary group
Valiant Partners Co., a SME-focused private equity firm, has exited its stake in portfolio company Hanshin Dispensing Pharmacy Co., a Kobe-based pharmacy chain operator. The fund sold its entire stake to a holding company owned by the Iwasaki family,...
Temasek divests Thai hospital stake
In a letter to The Stock Exchange of Thailand, the Director of Bumrungrad Hospital said that the group has been notified by Temasek – Singapore’s sovereign wealth fund – that it has sold nearly 42.7 million shares of the group for THB29.25 ($0.95)...
Temasek pays antitrust fine
Indonesia’s antitrust agency (KPPU) has reportedly announced that Temasek Holdings has paid 15 billion rupiah ($1.66 million) through its partially owned affiliate, PT Telkomsel, as its portion of an outstanding fine owed after the group was found in...
PE bids for Japan consumer lender: reports
According to reports in local Japanese press, a short list of bidders for Japanese consumer lender Takefuji Corp include: TPG Capital; nonbank financial firm in Kyoto, Japan, J Trust Co.; a major South Korean consumer credit company; and Tokyo-based...
Blackstone investee buys Norwegian firm
China National Bluestar, a government-run chemicals firm backed by the Blackstone Group, is set to purchase Elkem, a Norwegian maker of silicon and renewable energy products for $2 billion, marking one of the largest acquisitions of a European company...
Valiant Partners exits Hanshin Dispensing Pharmacy
Valiant Partners Co., an SME-focused private equity firm, has exited portfolio company Hanshin Dispensing Pharmacy Co., a Kobe-based pharmacy chain operator.
Mizuho Capital takes Japanese mail order company private
Mizuho Capital Partners, a Japanese buyout firm based in Tokyo, will help Image Holdings Co., a listed mail order company, to go private through an MBO in conjunction with current president Masakazu Myoga.
Tata terminates Olympus Capital deal
Tata Power, one of India's leading and most influential energy firms, has terminated its $300 million investment deal with Olympus Capital just six months after the parties – energized by the prospect of the high-stakes deal – brokered the transaction.
Walden International launches Fujian Haiyuan Automatic Equipments on the Shenzhen Stock Exchange
Walden International investee Fujian Haiyuan Automatic Equipments has launched on the Shenzhen Stock Exchange at a 30% premium to its initial offer price, at RMB18 ($2.70) a share to raise a total RMB3,742M ($561 million) on its first day of trading on...
CVC's Nine Entertainment nears IPO
CVC has named Goldman Sachs, Credit Suisse and UBS as its advisers for the intended public debut of Australian TV network Nine Entertainment, according to Australian reports, in a process that could come by the spring.
China Development Bank-led consortium takes stake in LDK Solar subsidiary
LDK Solar Co., a Jiangxi-headquartered manufacturer of solar energy-related wafers, has sold a 18.46% stake of its polysilicon manufacturing division to a consortium of investors, led by China Development Bank Capital Corporation, for $240 million.
Citi VC exits Camelot
Citigroup Venture Capital International Growth Partnership and Citigroup Venture Capital International Co-Investment have officially exited their stakes in Camelot Information Systems, a provider of business solutions and IT services in China, as part...
Korean Development Bank to exit Korea Express
The Korea Development Bank (KDB) is reportedly set to fully sell Korean logistics major Korea Express by the middle of the year.
Leopard Capital takes stake in Laos hydro-power firm
Leopard Capital L.P., through its Leopard Cambodia Fund, has taken a 2.32% stake in the soon-to-be publicly listed Laos hydro-electric power company Electricite Du Laos Generating Company (EDL Genco).
Carlyle divests China Pacific Insurance
Days after The Carlyle Group announced that it would sell $860 million worth of shares in China Pacific Insurance, the third-largest insurer in the PRC, the US buyout giant declared that it will offload an additional 415 million shares in the company,...
Goldman Sachs to exit Japanese golf operator
Goldman Sachs is set to sell its remaining 44.7% stake in Japan’s largest golf course operator Accordia Golf, coming nearly five years after the American investment bank offloaded 55.3% of the company at the time of Accordia’s IPO.
VC firms put $30 million into online shoe retailer
Letao.com, the venture-backed Chinese online shoe retailer, announced that the company has raised an additional RMB200 million ($30 million) in its third round of funding from three backers, including DT Capital Partners and Ceyuan Ventures, the latter...
Advantage Partners portfolio company sells Red Lobster
REINS International Inc., a food chain operator in Tokyo fully owned by Rex Holdings, has sold 100% stake in Red Lobster Japan Co., Ltd., to CELUX Inc., a food business producer and food chain operator based in , Japan.
CHAMP Private Equity acquires Constellation Brands' UK and Australian business
Leading world premium wine purveyor Constellation Brands Inc. announced just before Christmas that it had reached agreement with Sydney-based CHAMP Private Equity to sell its UK and Australian interests (Constellation Wines Australia & Europe – CWAE)...
Baring invests $90 million in Indian boiler manufacturer
Baring Private Equity India has invested $90 million in boiler maker Cethar Vessels for an unspecified minority stake, with capital earmarked to be used to expand Cethar’s facilities. Cethar, India’s second-largest boiler manufacturer, currently produces...
Korea’s NPS joins up with local conglomerates to form PE fund
National Pension Service, South Korea’s largest investor, plans to form a private equity fund with local conglomerates, including SK Group, GS Group, and KT Corporation, to seek returns from private investments in global markets.