Secondaries
Longreach puts a ring on it
Is the spirit of romance ebbing away in Japan? Naoki Sawano, president of bridal jewelry specialist Primo Japan, suggested as much a couple of years ago. He held a trend among young people “to think of the proposal and the engagement ring as two separate...
Longreach buys jeweler Primo Japan from Baring Asia
North Asia-focused GP The Longreach Group has acquired Primo Japan from Baring Private Equity Asia, with a view to expanding the bridal jewelry specialist into mainland China.
Jafco exits shredder maker to Japan Industrial Solutions
Jafco has exited Meiko Shokai, a Japanese manufacturer of document shredders, to turnaround specialist Japan Industrial Solutions (JIS) for an undisclosed sum.
NZ Super, Infratil target aged care integration
Morrison & Co, an investment manager of New Zealand-listed infrastructure fund Infratil, has been looking into Australian retirement village space for a while. In early 2014, it approached RetireAustralia, the country’s fourth-largest player, as a potential...
NZ Super, Infratil agree buy RetireAustralia for $521m
New Zealand Superannuation Fund (NZ Super) and infrastructure investor Infratil have bought retirement village operator RetireAustralia for A$640.2 million ($521 million) from J.P. Morgan Special Opportunities Group and Morgan Stanley Real Estate.
Carlyle buys into India's Newgen for a second time
The Carlyle Group has acquired a 54.85% stake in India-based publishing and technical services provider Newgen KnowledgeWorks for $32.8 million via a secondary transaction. This is the second time it has invested in the company.
India secondaries: Much heat, little light
India has yet to fulfil its potential as a direct secondaries market as buyers and sellers fail to agree on valuations. A revival in investor sentiment hasn’t helped matters, but patience may eventually pay off
Baring Asia buys Japanese drug maker from Tokio Marine
Baring Private Equity Asia has agreed to buy Japan-based Bushu Pharmaceuticals from Tokio Marine Capital at an enterprise valuation of JPY77.3 billion ($670 million).
Japan's J-Star sees 8x return with first secondary exit
Japanese investor J-Star has exited Burn Holdings, a local repair business that primarily serves property developers, to Shinsei Corporate Investment and Creation Capital. The gross return multiple is said to be 8x.
Secondaries: Deal flow spike
Secondary deal flow has reached record breaking levels in 2014. Regulatory reform and economic recovery have helped, but that is not the whole story - the maturing market is arguably more important
Partners Group acquires $648m MLC portfolio
MLC, the private wealth unit of National Australia Bank(NAB), has sold a A$750 million ($648 million) portfolio of private equity investments to Partners Group.
Partners Group acquires 12% of Venator's China RE fund
Partners Group has acquired a 12% stake in Trophy Property Development (TPD), a $1 billion China-focused property development fund managed by Venator Real Estate Capital. The financial details of the transaction were not disclosed.
Global secondaries deal flow set to break record - Cogent
Global secondary transaction volume for 2014 is on course to break $30 billion for the first time after reaching $16 billion in the six months of 2014, according to secondary market-focused investment bank Cogent Partners.
Hony buys Pizza Express from Cinven for $1.54b
Chinese PE firm Hony Capital has agreed to buy restaurant chain Pizza Express from UK-based private equity firm Cinven Partners for GBP900 million ($1.54 billion).
DeAWM hires ex-Paul Capital executive for Asia secondaries
Jason Sambanju, formerly co-head of Asia at Paul Capital Partners, has joined Deutsche Asset & Wealth Management (DeAWM) as head of Asia secondaries.
NewQuest closes Fund II, prepares for hydropower take-private
NewQuest Capital Partners has reached a final close of $316 million on its second pan-Asia fund, exceeding the $300 million target. The announcement comes as the secondaries specialist is poised to take private US-listed China Hydroelectric in a deal...
China PE in the US: From theory to practice
Chinese private equity firms’ growing interest in US acquisitions has yet to translate into meaningful deal flow. These relatively new arrivals need time to familiarize themselves with a competitive market
Mandarin Capital exits Italian chemical maker to Ardian
Mandarin Capital Partners has fully exited its stake in Italmatch Chemicals, an Italian chemical maker, to European private equity firm Ardian.
Secondaries: Choice cuts
Secondary fundraising has reached new highs over the past year, signaling greater investor appetite for the asset class. What is driving the demand and who is likely to benefit?
CVC to acquire Executive Centre from Headland
CVC Capital Partners has agreed to buy Hong Kong-based serviced office provider The Executive Centre (TEC) from Headland Capital Partners for an undisclosed sum.
Bain to buy majority stake in Australia drink bar franchise
Bain Capital has agreed to acquire a 70% stake in Retail Zoo, the owner of Australian health drink franchise Boost Juice Bars, from The Riverside Company.
WM Partners in debut secondary deal
When Moriyoshi Matsumoto spun out from JAIC to form WM Partners (WMP) last year it was with a view to targeting a very specific need.
Japan's WM Partners secures debut deal
Japanese secondaries investor WM Partners (WMP) has completed the debut transaction from its first fund, acquiring a 12% interest in B2B marketing platform Shanon.
Ardian raises largest ever global secondaries fund
Ardian, known as Axa Private Equity until it spun out last year, has raised $9 billion for its latest global secondaries fund.