Investments
PE majors gear up for Seijo Ishii bid
Seijo Ishii Ltd, the Japanese upmarket superstore chain operator indirectly owned by Advantage Partners, has been approached by a host of private equity funds and investors including Bain Capital and CVC Capital Partners, as well as financial/ leasing...
KKR considers raising bid for Australia's Perpetual - reports
Less than two months after Australian investment group Perpetual Ltd. branded the $1.73 billion takeover offer by Kohlberg Kravis Roberts & Co. (KKR) as too low, KKR is now reportedly considering raising its offer based on new data from Perpetual –...
Steel Partner further reduces stake in Sapporo to 7.8%
Steel Partners Japan Strategic Fund, the Japanese investment arm of New York-based Steel Partners, has decreased its stake in Tokyo-based brewer Sapporo Holdings from 13.14% to 7.88%, though it remains the largest shareholder of the company.
Morgan Stanley exits its entire stake in CICC with government approval
The China Securities Regulatory Commission (CSRC) has finally approved Kohlberg Kravis Roberts, TPG Capital, the Government of Singapore Investment Corporation and Great Eastern Life Assurance’s purchase of Morgan Stanley’s 34.3% stake in Mainland...
Infinity Group leads $14.3 million investment in Chinese heat-exchange firm
Tel Aviv-headquartered Infinity Group has led a $14.3 million investment into China’s THT Heat Transfer Technology, Inc. The RMB fund pioneer and cross-border specialist will invest $9 million with the remaining capital to be provided by MC Capital,...
Blackstone may partner with Chinese food group to bid for GNC
US private equity giant Blackstone Group has emerged as the potential joint bidder for GNC Holdings Inc., a US nutritional products retailer, alongside Bright Food Group Co., the Shanghai-based food and dairy company in a deal estimated at $2.5-3 billion,...
Carlyle, TPG wait as Hero Honda tie-up ends
The Carlyle Group and TPG Capital are among the private equity groups poised to step in to buy Honda's stake in Hero Honda, coming as the Indian motorcycle giant and its Japanese parent Honda wind up a 26-year JV. The potential ticket size of the deal...
CLSA Capital Partners makes debut Pacific Transportation deal with OSL
CLSA Capital Partners has announced the first investment from its Pacific Transportation Asia logistics and shipping private equity unit, with a majority investment in OSL Holdings Ltd., a Hong Kong-based dry bulk ship owner and operator.
Woori Financial sale may see delay
The sale of Korean state-owned financial major Woori Finance Holdings may be delayed because the government has not yet sent out firm details on the sales process and timing, according to reports.
Catalyst takes control in Australia's Home & Decor Holdings
Australian private equity firm Catalyst Investment Managers has taken a 70% majority stake in Home & Decor Holdings Pty Ltd, a new entity created to combine the assets of two local specialty retail businesses, Adairs Retail Group and Dusk Australasia,...
Chinese e-commerce giant Dangdang raises $272 million after IPO price hike
PRC e-commerce giant Dangdang Inc., after marking up its IPO price as high as $16 from a previous $11-$13, has raised $272 million by selling 17 million American Depositary Shares on the NYSE.
PEP begins bid for Tassal
Leading Australian buyout firm Pacific Equity Partners has announced its intention to acquire local ASX-listed salmon fishery and foods operation Tassal Group, requesting due diligence on the target.
Temasek seeks to invest $110 million in Huaneng Group Corp.’s renewable-energy unit
Singapore SWF Temasek Holdings will buy a combined $110 million worth of shares in the initial public offering of China Huaneng Group Corp.’s renewable-energy unit, according to reports.
Blue Point-backed Haya seeks IPO
Haya, China’s largest retail space solutions business, backed by Blue Point Capital Partners, is considering an IPO in China, according to reports.
MBK finds Japanese diamond in the rough
MBK Partners, the Tokyo- and Seoul-based private equity firm, will launch an MBO to acquire 100% of all share capital in Invoice Inc., a publicly listed service provider of consolidating billings, both firms said in an announcement.
Goodbaby, great exit
Hong Kong-based private equity firm PAG has seen a strong result from the IPO late last month of its portfolio company Goodbaby, the largest retailer and distributor of children’s products in China.
The great India debate
Private equity investment deals in India may be tricky, expensive and atypical compared to the standard private equity model, but they are potentially lucrative and poised to become even more attractive.
MBK Partners seeks to buy out Tokyo-based Invoice for $211.3 million
Invoice Inc., a listed Japanese service provider of consolidating billings, has announced that it will accept a tender buyout offer from pan-regional private equity firm MBK Partners.
China to dominate Philippine ferries through Negros deal
The China-ASEAN Investment Cooperation Fund, through its wholly owned subsidiary China-ASEAN Marine, has invested in Negros Navigation, conditional on the ferry operator purchasing a 93.2% stake in Aboitiz Transport System (ATS) for $105 million, which...
EQT China fund takes 30% of aluminium die casting manufacturer
EQT Greater China II, operated by European private equity firm EQT Greater China, has acquired a 30% stake in Modern Metal & Precision Holdings Ltd., a leading aluminum die casting manufacturer in China, for an undisclosed amount through a new share issue,...
Lashou completes second financing from VC firms
Lashou.com, a Chinese website selling discount items for group purchase, has raised $50 million in second-round funding from investors including US venture firms Tenaya Venture, Norwest Venture Partners, China’s GSR Ventures and Rebate Network, a US...
Temasek to manage Singapore government Heliconia co-investment program
Singapore SWF Temasek Holdings is to manage the first phase of the Singapore government-backed co-investment program announced earlier this year, which aims to invest up to S$1.5 billion ($1.15 billion) in co-investments with private equity firms into...
Warburg Pincus QuEST Global deal confirmed for bigger ticket size
Warburg Pincus has invested $75 million in Singapore-headquartered engineering outsourcing services firmm QuEST Global, higher than the $60 million originally forecast, according to a joint announcement.
Advent International Japan looking at PIPEs
Advent International’s Japan unit is looking at PIPE opportunities locally and is currently assessing deals, the firm’s spokesman told AVCJ.