Investments
Wise Partners backs Izumi turnaround
Japanese private equity firm Wise Partners will become the formal sponsor for the restructuring of Izumi Product Company, a manufacturer of electric shavers and other electrical appliances, following the latter's application for Chapter 11 bankruptcy...
TPG/AA JAL deal still flying?
TPG Capital and American Airlines' plan for a $1.4 billion turnaround investment in Japan Airlines (JAL), seemingly stalled, has received fresh impetus with JAL making a formal application for anti-trust clearance to Japanese regulators, so as to proceed...
Consortium to invest $279.5 million into Tangshan Jidong Cement
A consortium of investors including Singapore's GIC, New Horizon, and US multi-strategy firm Siguler Guff,plans to invest more than RMB1.9 billion ($279.5 million) into Tangshan Jidong Cement Co., a PRC cement business, to take a 10% stake in the Shenzhen-listed...
Khazanah Parkway bid "not compelling"
Singapore’s Parkway Holdings Ltd., Asia’s largest publicly listed hospital-management firm and former TPG Capital investee, has released its response to Khazanah Nasional Bhd.’s acquisition bid, saying that its financial advisor Morgan Stanley has found...
Providence in lead for CHAMP's Study Group
US-based media and entertainment-focused Providence Equity Partners is reportedly front runner to acquire Australian education-services provider Study Group International from CHAMP Private Equity, six months after the latter first considered taking the...
Actis settles differences over Nilgiri Dairy
Actis Capital has resolved its long-running dispute with the promoters of Nilgiri Dairy Farm, the Indian milk products group it took an ostensible control stake in for $65 million in 2006.
Primus suit delays EON takeover vote
Primus Pacific Partners, the single biggest stakeholder in Malaysian lender EON Capital, has caused a delay to a vote by the bank's shareholders on a $1.6 billion takeover bid from Hong Leong Bank by launching a lawsuit to block the buyout offer, claiming...
Transpac gets Heinz takeaway with Foodstar exit
Long-established Singapore private equity firm Transpac Capital is about to exit its investment in SGX-listed PRC soy sauce and beancurd business Foodstar Holdings, with a trade sale of around $165 million to Heinz.
MBK sole bidder for KEB
Pan-Asian independent buyout fund MBK Partners was the only bidder to submit a formal letter of intent to purchase the 51.5% controlling stake in Korea Exchange Bank held by Lone Star Funds and valued at up to $4 billion, according to Korean press reports....
Primus Nan Shan bid gets extension
The consortium led by Primus Financial Holdings and China Strategic Holdings, which has already inked an agreement to acquire Taiwan's Nan Shan Life Insurance from American International Group (AIG), has now announced a sought-after accord with the seller...
CIC's Yingru Li joins China Asean Fund
Yingru Li, previously MD in charge of private equity fund investments and co-investments at PRC SWF the China Investment Corp. (CIC), has been appointed co-Chief Investment Officer of the China Asean Fund, a $1 billion infrastructure-focused vehicle supported...
Consortium backs PRC housing needs
A consortium of investors including Warburg Pincus, CITIC Private Equity Funds Management,and Bohai Industrial Investment Fund Management, as well as private conglomerate Shanghai Fosun High Technology (Group), have made a joint investment of RMB2.6 billion...
Reliance sells India towers
The Blackstone Group, the Carlyle Group and TPG Capital are all in talks with number two Indian cellular provider Reliance Communications, part of India’s Reliance Anil Dhirubhai Ambani Group, over the spinout of the company’s cellular transmission tower...
Valiant to privatize Fuji Food for $76.7 million
Valiant Partners, a Tokyo-based SME-focused small buyout firm, plans to take Fuji Food Co., a Tokyo-based producer and distributor of cooked foods, private through an MBO.
KIC allots $200 million for Chesapeake
South Korean SWF the Korea Investment Corporation (KIC) has said that it will invest $200 million as part of its participation in the $900 million stock issue by heavily indebted US natural gas and energy company Chesapeake Energy.
Warburg, CITIC PE, Bohai, invest Tianjin DIY chain RedStar Macalline
A consortium of investors including Warburg Pincus, CITIC Private Equity Funds Management,and Bohai Industrial Investment Fund Management, as well as private conglomerate Shanghai Fosun High Technology (Group), have jointly invested RMB2.6 billion ($381...
KKR completes Intelligence acquisition in Japan
Kohlberg Kravis Roberts & Co. has signed a definitive agreement for the buyout of Intelligence Ltd., the recruitment services subsidiary of Tokyo-based cable broadcaster and media content provider Usen, for JPY32.5 billion ($358 million), with both parties...
JAFCO Asia, Mitsui, CEL invest Prudent Energy in China
PRC energy storage business Prudent Energy has announced that pan-Asian VC investor JAFCO Asia, Japanese VC firm Mitsui Ventures and European growth capital investor China Equity Links (CEL) Partners, as well as other investors, will invest a total of...
Shinsei Bank sacks four staff over pay
JC Flowers & Co.-owned Japanese lender Shinsei Bank will let go four foreign senior executives under new Japanese rules on annual compensation of individuals.
Goldman, GIC pick up Taikang stake
A consortium of Goldman Sachs and a unit of the Government of Singapore Investment Corporation (GIC) has fulfilled earlier predictions by winnng the auction of the 15.6% stake in the PRC's Taikang Life Insurance Corp. formerly owned by French insurance...
Korea's NPS to boost exposure in alternatives
South Korea's National Pension Service, the world’s fifth largest sovereign wealth fund, said it plans to boost its equity and alternative investment holdings.
Reliance picks up TV stake
Reliance Capital (RCap) has paid an undisclosed sum for an 18% interest in Bloomberg UTV, a business media network in India, diluting the promoters’ stake to 67%.
Kleiner China invites two new recruits
KPCB China, the China unit of Silicon Valley VC firm Kleiner Perkins, has hired Jonathan Wang and Wang Enqiang as venture partner and senior advisor, respectively.
Taizinai ex-chairrman under arrest
Li Tuchun, former founding chairman of troubled Actis, Goldman Sachs and Morgan Stanley drinks manufacturer investee Hunan Taizinai Group, has been arrested by mainland authorities on suspicion of embezzling state funds, according to PRC media reports....