Trade sale
Japanese strategic to buy Australia's Allied Pinnacle from PEP
Pacific Equity Partners (PEP) has exited Allied Pinnacle, an Australia-based roll-up of multiple bakery supply investments, to Japanese strategic Nisshin Foods.
Ardian buys Australia's Study Group from Providence
Study Group, an Australia-headquartered group that prepares international students for university degree programs, will have its third consecutive private equity owner after Ardian agreed to buy the business from Providence Equity Partners.
Polaris exits Japanese timber company
Japan’s Polaris Capital has agreed to sell its 100% stake in domestic timber and building materials company Hivic for JPY8.5 billion ($77.4 million).
Australia's Anacacia completes final exit from debut fund
Australia’s Anacacia Capital has realized the final exit from its debut fund with the sale of its majority stake in workplace equipment provider RIS Safety to domestic investor Bricktop Group.
CVC exits Japanese care provider to Polaris
CVC Capital Partners has agreed to sell Hitowa Holdings, a Japan-based provider of cleaning, assisted living and childcare support services, to Polaris Private Equity.
Corsair exits DP World Australia
Corsair Capital has agreed to exit most of its controlling stake in DP World Australia to the shipping services provider’s original corporate parent.
American Express buys Japan's Pocket Concierge
American Express has acquired Pocket Concierge, a Japanese digital services provider for the restaurant industry backed by several domestic venture capital firms.
AVCJ Awards 2018: Exit of the Year - Mid Cap: Novotech
Mercury Capital secured a 15.7x return by helping Australian clinical trials specialist Novotech upgrade its marketing and personnel as well as pursue Asian expansion
AVCJ Awards 2018: Firm of the Year - Large Cap: Bain Capital
Bain Capital’s recent investment and exit activity underlines the importance of cross-border competencies. The GP also won the awards for Deal of the Year - Large Cap and Exit of the Year - Large Cap
SunBridge exits Marketo's Japan JV to Adobe
SunBridge Partners, a US-based VC firm that helps companies access Japan, has exited its position in a Japanese joint venture (JV) with B2B cloud technology provider Marketo to Adobe.
AVCJ Awards 2018: Firm of the Year - Mid Cap: Quadrant Private Equity
Chris Hadley, executive chairman of Quadrant Private Equity, reflects on the key themes underpinning the firm’s activities in Australia and – increasingly – overseas as well
Actis exits India's Symbiotec to MOPE, Invascent
Motilal Oswal Private Equity (MOPE) and healthcare-focused GP Invascent Capital have invested in Indian pharmaceutical developer Symbiotec Pharmalab, providing an exit for Actis Capital.
Navis exits Malaysia's Alliance Cosmetics to Japanese strategic
Navis Capital Partners has exited Malaysian cosmetics company Alliance Cosmetic Group, maker of the SilkyGirl brand, to Japanese strategic player Mandom for an undisclosed amount.
Blackstone agrees $792m sale of Australia chemicals business
The Blackstone Group has agreed to sell Ixom, a chemicals business it carved out from Australia’s Orica three years ago, to Keppel Infrastructure Trust (KIT) for approximately A$1.1 billion ($792 million).
Korea PE outlook: Exit issues
While Korea’s private equity market remains relatively stable, a much-anticipated opening up of IPO exits has yet to come to fruition
TEPCO invests in PE-backed Vietnam hydro project
Tokyo Electric Power (TEPCO) has invested in a Vietnam hydropower project in which Nexif Energy, a Southeast Asia-focused energy investment platform backed by Denham Capital, owns a majority stake.
Australia's Pemba to exit Heavy Maintenance Group
Pemba Capital Partners – an Australian middle-market GP formerly known as RMB Capital Partners – has agreed to sell heavy equipment specialist Heavy Maintenance Group (HMG) to Malaysia’s Sime Darby for A$58 million ($41 million).
Keppel named preferred bidder for Blackstone-owned Ixom
Keppel Infrastructure Trust (KIT) has been named the preferred bidder for Ixom, a chemicals business that The Blackstone Group carved out of Australia’s Orica three years ago.
MBK completes exit from Korea's Coway
MBK Partners has agreed to sell its remaining stake in Korean water purifier business Coway to a subsidiary of Woongjin Group – the company from which it bought the asset in 2013 – for KRW1.68 trillion ($1.48 billion).
SCPE exits India's Dolvi Metals & Minerals
Standard Chartered Private Equity (SCPE) has exited its stake in Dolvi Minerals and Metals, a trader of metallic and non-metallic minerals based in India.
Advent invests in India's Manjushree Technopack, Kedaara exits
Advent International has made an investment of undisclosed size in Indian packaging industry supplier Manjushree Technopack. It facilitates an exit for Kedaara Capital.
GIC-backed Greenko makes add-on acquisitions
Greenko Energy, an Indian renewable energy producer owned by GIC Private, has completed the acquisition of Orange Renewables and agreed to buy Skeiron Green Renewables. The two deals will increase Greenko’s overall operational capacity from 3.2 gigawatts...
KKR makes $1.5b bid for Australia's MYOB
KKR is looking to privatize Australian accounting software company MYOB, having acquired a substantial stake in the business from Bain Capital and made an unsolicited offer for all the remaining shares at a valuation of A$2.19 billion ($1.54 billion)....
Riverside exits Australian orthopedics player
The Riverside Company has sold Australia’s Global Orthopaedic Technologies (GOT) for an undisclosed sum to Corin Orthopaedic, a UK-based firm recently bought by Permira.