Secondaries
OTPP, Unitas target PE-owned Infastech – report
Ontario Teachers’ Pension Plan (OTPP) and Unitas Capital have reportedly teamed up to bid for Singapore-based industrial fasteners manufacturer Infastech, currently owned by CVC Capital and Standard Chartered Private Equity (SCPE). The deal could be worth...
Strategic glad-handing
I recall conversations with a number of Asian GPs on how to invest in family-owned businesses that account for such large number of potential acquisition targets for private equity funds in the region. The formula seemed pretty straightforward. It begins...
Beijing creates PE secondaries exchange
China has set up an exchange intended to make it easier for investors to trade their holdings in equity investment funds. Launched on Thursday, the China PE Secondary Market Development Alliance will theoretically facilitate exits from positions in illiquid...
Asia LP interests: The price factor
Global LPs have no intention of reducing their exposure to Asia. This has put upward pressure on secondaries prices, but assessing fair value is more difficult than it seems
Asian PE infrastructure evolves with the industry
Everything always seems clearer and easier to understand with the benefit of hindsight. While it seems pretty apparent now that Asian private equity would emerge as a leading asset class for investors around the world, it was actually quite difficult...
Foreigners secure entry to India's secondaries market
Indian regulators have opened the door for foreign PE investors seeking to buy secondary stakes in domestic companies. Is this the jumpstart India’s secondary market needs?
India relaxes rules on secondary deals by foreign PE firms
Foreign private equity and venture capital firms now have license to pursue direct secondary transactions in India after the country’s central bank relaxed regulations on their activity. It potentially opens the door to a string of asset purchases from...
Profile: NewQuest's Darren Massara
Darren Massara is familiar with difficult investment environments the world over. He is relying on these experiences to help NewQuest find success in Asia’s direct secondaries market
Coller Capital buys Crédit Agricole Private Equity
Secondaries investor Coller Capital has acquired fund manager Crédit Agricole Private Equity (CAPE) from France’s largest retail banking group, Crédit Agricole.
Australian supers drive secondaries
The Australian superannuation funds’ ongoing move away from private equity has undoubtedly been a drawback for primary fund managers. But what of the impact on the Asian secondaries market?
CVC sells Minit to Unison Capital
CVC Capital Asia has succeeded in exiting shoe repair chain Minit Asia Pacific to Tokyo-based Unison Capital, reportedly after two failed attempts to sell the company.
Advantage, Bain among bidders in final round of Yayoi auction
Advantage Partners, Bain Capital and financial services firm Orix Corp. have reportedly advanced into the final round of bidding for MBK Partners-owned Japanese accounting software developer Yayoi, which is expected to be one of the biggest sales in the...
Archer sues UK's Sage Group over MYOB deal
Archer Capital has filed an A$130 million ($133 million) suit against British software company Sage Group for damages related to its decision to end acquisition talks for Australian software maker MYOB.
VIDEO: PineBridge Investment's Michael Chae
Secondaries in Japan are gaining greater prominence given the role of the asset class in delivering returns to conservative LPs, says Michael Chae, managing director of PineBridge Investments
SEC approves Volcker rule as market watchers express concerns
Concerns are being raised that the Volcker rule, which limits bank exposure to asset classes such as a private equity, will be postponed or weakened by lobbyists and that some forms of proprietary trading will be exempted completely. The rule was approved...
Japan's secondary funds look to consolidate
The cross-ownership of Japanese companies creates rich pickings for secondaries players looking to gather up and exit
AXA buys $500m in LP interests from Mizuho – report
AXA Private Equity has agreed to buy LP interests worth $500 million from Mizuho Financial Group. The commitments concern about 20 US and European buyout funds managed by the likes of Blackstone Group, KKR, BC Partners and EQT Partners.
AXA, LGT buy $901m in secondary assets from German bank
AXA Private Equity and LGT Capital Partners have acquired a EUR620 million ($901 million) private equity portfolio from Germany’s HSH Nordbank. The portfolio is said to include stakes in about 47 private equity funds, including European vehicles managed...
Lexington eyes bumper deal flow
Brent Nicklas founded Lexington Partners in 1994 and currently serves as managing partner, overseeing private equity secondary and co-investment funds. He discusses global opportunities for secondary investors
European banks tipped to dispose $45m in PE assets by 2014
European banks could divest up to $45 billion in private equity assets within three years, according to Thomas Liaudet, a partner at Campbell Lutyens. Financial institutions are looking to rid themselves of non-core assets as they restructure their businesses...
BoaML PE team spins out
NewQuest Capital Partners to focus on direct secondaries in Asia via its $400 million fund
Providence invests in India's UFO Moviez
Providence Equity Partners has invested INR2.6 billion ($58.3 million) to become the largest shareholder in digital cinema company, UFO Moviez. UFO is the world's largest satellite-based digital cinema service with close to 2,500 installations across...
Malaysian funds swap Apollo Hospital stakes
Malaysian sovereign wealth fund Khazanah Nasional Bhd has invested INR470 crore ($104 million) in leading Indian healthcare chain Apollo Hospitals, taking a 8.82 % stake from Bisikan Bayu Investments, another Malaysian government fund.
Hoyts' IPO delay highlights industry anxiety
Australia experienced an especially difficult year for IPOs in 2010. News throughout the year of delays and abandoned listing plans were consistently attributed to inclement market conditions, while trade sales seemed the only exit option. Yet, despite...