Investments

CLSA Fudo plans new Tokyo hires

CLSA Capital Partners' Japan-based real estate platform, Fudo Capital, plans to hire more staff in Tokyo this year as it invests its $816 million Fudo Capital II fund.

Advent exits SCADAgroup to Schneider

Australian mid-market private equity firm Advent Private Capital has announced the exit of its investment in waste and water systems integration business SCADAgroup to Schneider Electric, for around A$200 million ($185 million).

Japan PE picks up Kyushu hotel

Japan Private Equity, a buyout unit of Japan Asia Investment Co. (JAIC), has acquired Central Hotel Sasebo in Japan's Nagasaki prefecture, through a regional fund focused on the western island of Kyushu.

Advantage exits Daiei to DB, others

Advantage Partners has sold its entire remaining 11.7% voting stake in Japanese retailer Daiei for around $106 million to Deutsche Securities, an arm of Deutsche Bank, which is holding the stake temporarily for client trading purposes.

NPS may join on KEB

Korea's National Pension Service may participate in the acquisition of Korea Exchange Bank from Lone Star Funds, according to Korean reports.

CVC Capital Partners backs Sun Hung Kai Financial

CVC is making a commitment of around $220 million to one of Hong Kong’s longest-established and best-regarded non-bank financial groups, Sun Hung Kai Financial (SHKF), in a deal described as a strategic alliance, to support the rollout of its consumer...

Deal drivers across Asia Pacific
Deal drivers across Asia Pacific

As three-figure deals on both the entry and exit side – and in the case of some secondary transactions, both – start to rack up across the region, 2010 is already looking like a bustling year for Asia Pacific.

Know your limits

One of the most interesting findings in Squadron Capital’s Asia Pacific Private Equity Fund Terms Survey on regional adherence to the International Limited Partners Association principles on fund t&c was not about the ILPA Principles at all.

Carlyle may part exit Claris

The Carlyle Group is likely to exit at least part of its almost 14% stake in Indian drugs firm and IPO candidate Claris Lifesciences, according to reports.

Shanghai Ventures invests Advantech

Shanghai Ventures has announced a $14 million co-investment with the Pan family of Chinese entrepreneurs in Advantech Global Ltd., a US thin-film transistor manufacturer founded by Dr Peter Brody, the inventor of active-matrix LCD technology.

OB refinancing, IPO on cards

Several banks have submitted unsolicited proposals for the refinancing of the $1 billion five-year leverage loan that underwrote Kohlberg Kravis Roberts and Affinity Equity Partners' $1.8 billion buyout of Korea's Oriental Brewery in 2009, amid talk of...

MBK exiting CNS

MBK Partners has hired Morgan Stanley to advise on an exit for its Taiwanese cable investee China Network Systems, which could fetch up to $2 billion.

PEP, CHAMP in Loscam second round?

CHAMP Private Equity and Pacific Equity Partners have been instanced as potential buyers in a second bidding round for the putative A$500-700 million ($460-640 million) sale of Affinity Equity Partners Australian investee Loscam.

Bain's Gome could face fines in Huang trial

Huang Guangyu, the founder and former chairman of Bain Capital investee Gome Electrical Appliances Holdings, has gone on trial in Beijing, charged with illegal business operations, insider trading and bribery.

Hopu picks up Yurun stake

In more Hopu Investment Management news, the firm has led a consortium that purchased a 4.3% stake in China Yurun Food Group Ltd. for around $235 million.

NZ Yellow Pages LBO debt in standstill deal

Bank lenders who provided the leverage for CCMP Capital Partners Asia (now Unitas Capital) and Teachers' Private Capital's 2007 LBO of New Zealand's Yellow Pages Group have agreed to a standstill on debt repayments until end May.