Secondaries
2010 and 2011 record years for secondaries
Jonathon Freeman, Investment Partner with Coller Capital, said at the 8th Annual Australia & New Zealand AVCJ Private Equity and Venture Forum that while he had predicted that 2009 would be the stand-out year for secondaries, in fact 2010 was a stellar...
JAFCO will buy 78% stake in Japanese budget barbershop from ORIX
ORIX Corp., the Japanese leasing and financial conglomerate, is reportedly selling a 78% stake in QB House, the operator of a discount barbershop chain, to JAFCO Co., Ltd., the Japanese venture capital pioneer in a deal estimated at around JPY10 billion...
Beijing Financial Assets Exchange allows PE funds to be listed
China has implemented a new policy that allows private equity fund positions to be traded on the Beijing Financial Assets Exchange (BFAE), according to the official announcement on its website.
Returns, the second time around
With the global private equity debate still dominated by the $400 billion+ overhang of capital seeking a home, some 10% of it in Asia Pacific, expectations have been building of a new spate of secondary buyout deals that would put more of this capital...
Bank of America Merrill Lynch Asia realty fund's GP responsibilities also to transfer to Blackstone
Following earlier reports in July on the transfer of management of the $2.65 billion Bank of America Merrill Lynch (BoAML) Asian Real Estate Opportunities Fund to US private equity leader the Blackstone Group, LP investors are poised to receive approximately...
Advantage Partners seeking secondary investor for Tokyo Star Bank
Advantage Partners, the independent Japan-focused buyout firm, is seeking capital from investors to help cover the JPY170 billion ($2.04 billion) loan package it used to acquire Tokyo Star Bank in 2007 from the previous majority shareholder, Lone Star...
Wise Partners outbid PE rivals to take Goldman's Teibow
Wise Partners, a Japanese private equity firm, will buy Teibow Co., a local maker of felt pen tips, from US investment bank Goldman Sachs for between JPY10-15 billion ($117-176 million).
Sequoia may exit Dr Lal PathLabs to TA Associates
Leading VC firm Sequoia Capital appears to be in advance talks to offload half of its stake in Dr Lal PathLabs, India’s largest diagnostics and pathology services chain, to US-based private equity firm TA Associates.
BofA secondaries may go to Asia
Bank of America Corp. is seeking to sell up to $1.2 billion of secondary positions in Warburg Pincus funds, with the China Investment Corporation (CIC) cited as one of the most likely buyers, according to reports.
Providence goes to Study Group
US media and TMT-focused private equity firm Providence Equity Partners has picked up CHAMP Private Equity’s education asset Study Group International, in a deal estimated at around A$600 million ($523.6 million).
PEP bids against Hands for UK's Biffa
An investee of Australian buyout firm Pacific Equity Partners (PEP) is reportedly bidding against a rival backed by Guy Hands' Terra Firma Partners to acquire the landfill gas unit of UK waste management and waste power company Biffa.
HarbourVest buys up Saudi stake in funds
According to reports, HarbourVest Partners has purchased Saudi conglomerate Saad Group’s stake in up to 30 private equity funds.
And the second shall be first
Secondary deals, forecast for months now to see significant new volume across Asia Pacific, are fulfilling those predictions, as GPs pass investees from hand to hand.
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.
Carlyle, CVC, Unison bidding for Q'sai?
The Carlyle Group, CVC Asia Pacific and Unison Capital Inc. have emerged as among the probable bidders for Japanese vegetable juice maker Q'sai Co., in what might become the largest buyout deal so far this year.
Apax may pick up ICICI Metropolis stake
London-headquartered private equity group Apax Partners is emerging as the probable buyer of the 25% stake in India's Metropolis Healthcare held by ICICI Venture, for a probable deal value of around $45 million.
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.
Carlyle to get Buy The Way?
The Carlyle Group has emerged as one of the potential bidders in the final round of the auction of Buy The Way, a South Korean convenience store chain owned by Asia-focused private equity fund Unitas Capital.
Jacob Ballas, NEA, team on FSS deal
Jacob Ballas Capital India and US VC major New Enterprise Associates have reportedly teamed up to invest $60 million in Chennai-based electronic payments player Financial Software & Systems Ltd., for around 40% of the company.
GIC takes a Springer with EQT
Singapore SWF the Government of Singapore Investment Corp. has done its first-ever co-investment deal in Europe, in partnership with Sweden’s EQT Partners AB, in the €2.3 billion ($3.4 billion) secondary buyout of German academic publisher Springer Science+Business...
CIC at the Apax?
The China Investment Corporation (CIC) has followed up on its earlier and sometimes ill-starred moves into leading private equity players like the Blackstone Group with an innovatively-structured two-handed investment into London-headquartered Apax Partners....