Investments
PEP seeks 2H10 Hoyts IPO
Pacific Equity Partners reportedly may be seeking to list Australian cinema business Hoyts Group in the second half of 2010, with a potential value of up to A$1 billion ($900 million).
Unison Capital to acquire MK for real estate
Unison Capital, the Japanese buyout firm, will acquire a 61.3% stake in MK Capital Management, a listed real estate-related finance and asset management company, through a private placement of new shares due on April 5th this year.
Leopard makes financial services investment
In a co-investment with two other foreign investors, Leopard Cambodia has taken a shared 7.72% stake in ASA, a 19% shareholder of ACLEDA, one of the leading retail banks in Cambodia.
Temasek's Thai assets fall after Thaksin ruling
Listed assets in Thailand owned by Singapore SWF Temasek Holdings fell after a Thai court ruling that ex-prime minister Thaksin Shinawatra had abused his office to benefit entities of Shin Corp., the telecoms group linked to his family that was controversially...
Apollo sees off Reliance challenge for LyondellBasell
Apollo Management and other creditors have rejected a bid from India's Reliance Industries for bankrupt Dutch chemicals firm LyondellBassell Industries, which valued the target at $14.5 billion.
Tokio Marine takes over Bushu Pharmaceuticals
Tokio Marine Capital, the Japanese private equity arm of Tokio Marine & Nichido Fire Insurance Co., Ltd. will acquire 100% of Bushu Pharmaceuticals, a provider of drug manufacturing services, from listed company Shionogi Pharmaceuticals.
Spring Capital announces second close, deal
Spring Capital Asia, the independent Greater China private equity firm formed by former JAFCO Head of North Asia Vincent Chan, has announced a $184 million second close of its debut Spring Capital Asia Fund, plus an investment in a wind power company...
Providence deal with Baidu confirmed
Leading TMT specialist investor Providence Equity Partners has reportedly sealed its deal with PRC Internet search leader Baidu to invest $50 million into a Hulu-like online video service.
Bain may sell Outback Steakhouse in Korea, elsewhere
Bain Capital is reportedly in talks to sell the successful Asia Pacific operations of its investee company, Australian-themed restaurant chain Outback Steakhouse, with the sale of the Korean assets most advanced.
Gobi, Steamboat invest Yoyi Media
Gobi Partners, the early stage IT and digital media-focused Chinese VC firm, and Steamboat Ventures, the Disney-supported global VC, have invested in Yoyi Media, a China-based provider of online advertising and marketing solutions.
IFC plans to invest PRC's Universtar
According to an environmental and social review on its website, the International Finance Corporation (IFC) is planning to invest up to $20 million in Universtar Science & Technology (Shenzhen) Co. Ltd., a Chinese developer of environmental monitoring...
Korea's NPS made 10% return in 2009
South Korea’s $241 billion National Pension Service (NPS), the nation’s biggest LP, boosted its returns last year, posting a 10% return on assets in 2009, according to South Korea’s welfare ministry, following an 0.2% loss in the year before.
MGPA first fund wound up
Macquarie Global Property Advisors (MGPA), the private equity real estate investment group launched by Australia’s Macquarie has wound up its debut $480 million Global Fund I, launched in 1999 targeting Europe and Asia.
Hathway Cable IPO disappoints for ChrysCapital, MS
ChrysCapital Management and Morgan Stanley investee Hathway Cable and Datacom Ltd. fell below its listing price by up to 9% on its debut on India's National Stock Exchange, though the result was still moderately positive for the backers.
Ant Capital will sell Honma Golf to PRC group
Ant Capital Partners, the Japanese private equity firm, and Milestone Turnaround Management, a Japanese business consulting firm specializing in turnaround situations, will jointly sell their more than 50% stake in Honma Golf Co., a privately-held golf...
AIG Nan Shan deal still in the dark
Taiwan’s foreign investment regulator reportedly is still facing discussions in parliament over the now-controversial $2.2 billion sale by American Insurance Group (AIG) of its local Nan Shan Insurance subsidiary to China Strategic and Primus Financial....
Hony invests China Golden for Xian department stores
PRC buyout firm Hony Capital is investing into HKSE-listed China Golden Development Holdings through a convertible bond issue, to support the company's buildout of its department store operations in Xian.
Wipro chairman backs Manipal through PremjiInvest
PremjiInvest, the $1 billion private equity vehicle backed by Wipro Group chairman Azim Premji, will invest some $43.3 million for a significant minority stake in Manipal Universal Education, the corporate education arm of Manipal Education and Medical...
Rho Ventures gets Effective in Oz
New York and Palo Alto-based VC investor Rho Ventures has made a $4 million Series A investment in Australia's Effective Measure, a startup developer of measurement solutions for online audiences.
Actis makes Philippines investment in Ayala's Integreon
Emerging markets specialist firm Actis has invested $50 million in Integreon, the BPO company owned by Ayala holding company Livelt Investments Ltd.
EON Capital rejects HLB offer
Primus Pacific investee EON Capital Bhd has rejected a MYR4.92 billion ($1.4 billion) takeover offer from Hong Leong Bank, run by Malaysian billionaire Quek Leng Chan.
Morgan Stanley on track for KKR/TPG CICC exit
US private equity giants Kohlberg Kravis Roberts & Co. (KKR) and TPG Capital have emerged as the final bidders in the auction to take the 34.3% stake in China International Capital Corp (CICC), the nation’s largest investment bank, from Morgan Stanley...
Industry Q&A: Matthew Arkinstall, Greenpark Capital
Matthew Arkinstall, Investment Director at leading secondaries specialist Greenpark Capital, gives his view of the current investment environment in Australia.
J Will Partners sells Japanese senior home
J Will Partners, a Tokyo-based private equity fund specializing in corporate revitalization, will sell its entire holdings in Bon Sejour, a Japanese operator of nursing homes for senior citizens, to Benesse Holdings, a Japanese company focused on education,...