Buyout
Jafco in $408m first close for new flagship fund
Japan’s Jafco has achieved a first close on its fifth global venture capital and buyout fund with JPY41 billion ($408 million) in commitments.
Wingate, Sandbar acquire Australia's Medical Channel
Wingate Private Equity and Sandbar Investments have acquired Australian digital media provider Medical Channel.
CVC buys majority stake in Japan's Hasegawa
CVC Capital Partners has bought a controlling stake in Japanese assisted living, nursery school and cleaning services provider Hasegawa Holdings.
FountainVest raises $2.1b for third China fund
FountainVest Partners has closed its third China-focused fund at the hard cap of $2.1 billion after approximately six months in the market
Deal focus: Allegro gets GSR back on track
Turnaround specialist Allegro sees opportunity in luxury tourist transportation venture
Portfolio: L Capital Asia and Seafolly
Beachwear maker Seafolly was already a leader in Australia when L Capital Asia acquired it in 2014. Now the founding family and the GP plan to build it into a global lifestyle brand
KKR hires China Development Financial's Paul Yang as China head
KKR has recruited Paul Yang, president and CEO of Taiwan-headquartered China Development Financial Corporation (CDF), to become head of Greater China. He will continue the firm’s efforts to broaden its business locally and participate up and down the...
Ex-Sailing Capital partner Michael Weiss joins China’s Sanpower
Michael Weiss, formerly a partner and managing director at Chinese cross-border PE firm Sailing Capital, has joined Chinese conglomerate Sanpower Group as vice president in the investment department.
Ex-Unitas CIO Eugene Suh joins CVC as Asia COO
Eugene Suh, formerly CIO at Unitas Capital, has joined CVC Capital Partners as partner and Asia chief operating officer.
CDPQ, KIA back ICICI-Tata power projects platform
Canadian pension plan Caisse de depot et placement du Quebec (CDPQ) and Kuwait Investment Authority (KIA) have backed a platform launched by India’s ICICI Venture and Tata Power that will invest in domestic power projects.
Advent, Temasek fall short in bid for control of Crompton Greaves unit
Temasek Holdings and Advent International have closed their open offer for Crompton Greaves Consumer Electricals (CGCEL), the former consumer products unit of India's Crompton Greaves, having failed to acquire a controlling stake in the company.
Australia FIRB head to join Carlyle's Asia buyout team
The Carlyle Group has appointed Brian Wilson, currently chairman of Australia's Foreign Investment Review Board (FIRB), as a senior advisor to its Asia buyout team.
GPs target micro gains in weaker macro environment - AVCJ Forum
Institutional investors expect private equity funds to deliver outsize returns, regardless of the lower growth environment in Asia, which means GPs must focus more on making a difference to portfolio companies at the micro level.
Northstar's Ashish Shastry to join KKR
Ashish Shastry, managing partner at Indonesia-focused Northstar Group, has agreed to join KKR. He will start work later in the year as head of Southeast Asia, succeeding Ming Lu, who was promoted to co-head of Asia private equity in 2015, according to...
KKR seeks up to $7b for third Asian fund
KKR will target between $6 billion and $7 billion for its third pan-regional fund, taking a relatively small step up from the previous vehicle, which closed at $6 billion in mid-2013.
Malaysia's Ekuinas sells 20% stake in Alliance Cosmetics to Navis
Navis Capital Partners has paid MYR61.8 million ($15.3 million) to Malaysian government-backed PE firm Ekuinas for a 20% stake in local cosmetics brand Alliance Cosmetics Group.
New Zealand's Oriens Capital raises $21.8m
New Zealand private equity firm Oriens Capital has received commitments for its debut fund in excess of the vehicle’s first-close target of NZ$30 million ($21.8 million).
Quadrant raises $754m for Australia mid-market fund
Australian GP Quadrant Private Equity has closed its eighth fund - and fifth as a fully independent entity - at A$980 million ($754 million). As with the previous fundraise in early 2014, the process was completed in approximately one month.
Oak Hill exits India's Vertex to strategic buyer
Oak Hill Capital Partners has reportedly exited its stake in the India branch of business process outsourcing (BPO) company Vertex Data Science to domestic mobile communications company Altruist.
Portfolio: Creador and Indonesia's Simba
By acquiring Simba, Creador has entrenched itself in a small but fast-growing Indonesian cereal story. Now it will take logistical and marketing expertise to realize the potential of the local consumer market
Permira reaches $6.9b first close on latest global fund
Permira has achieved a first close for its sixth global buyout fund, with about EUR6.3 billion ($6.9 billion) in commitments.
Polaris buys Japanese timber company
Polaris Capital has agreed to acquire 100% of Japanese precut timber and building materials company Hivic for an undisclosed sum from domestic construction group Lixil.
PE must define itself to take advantage of Asia buyout opportunities - AVCJ Forum
Asia continues to offer buyout opportunities, but funds looking to take advantage of them must define their benefits to company leaders, industry leaders told the AVCJ Singapore Forum.
Volatility drives opportunities in Southeast Asia - AVCJ Forum
Southeast Asia is expected to maintain a strong level of private equity investment opportunities thanks to continued regional volatility, leading industry players told the AVCJ Singapore Forum.