Buyout
BlackRock eyes Asia with $630m global buyout fund
BlackRock has raised more than $630 million for a direct co-investment buyout fund aimed in part at investments in emerging Asian markets.
India's ICICI Venture reaches $190m first close on new fund
ICICI Venture, the private equity arm of India's ICICI Bank, has reached a first close of $190 million for its fourth private equity fund.
China’s GSR Capital raises $1b LED-focused fund
China-based GSR Capital - an affiliate of Go Scale Capital, which saw its bid for Philips' Lumileds business thwarted by regulators - has closed a new $1 billion fund to invest in LED companies globally.
Deal focus: Navis to grow Texon outside the shoebox
After a major turnaround for Texon International, Navis aims to reinforce management's strengths and help the company reach the next level
Bain rebrands Sankaty and Brookside, shuffles leadership
Bain Capital has rebranded its credit investment and public equities divisions – Sankaty Advisors and Brookside Capital – under the Bain Capital name and announced changes to its senior leadership.
CITIC Capital targets $1.5b for China fund
CITIC Capital Partners is targeting $1.5 billion for its latest China-focused private equity fund, having combined the teams that previously pursued separate China and international strategies.
Affinity buys Australia's Medical Director for $117 million
Affinity Equity Partners has bought Australia-based clinic management software developer Medical Director for A$155 million ($117 million).
Australia's CHAMP Ventures postpones fundraise
CHAMP Ventures has postponed the launch of its eighth fund by six months. The Australian GP was expected to return to market in the first half of this year, having closed its previous vehicle in 2012.
VIDEO: Lunar Capital's Derek Sulger
The key to persuading a Chinese entrepreneur to give up control of a company is not to approach him as a private equity firm, but as someone who knows how to run the business, says Derek Sulger, a partner at mid-market consumer buyout firm Lunar Capital
Australia's Asciano accepts Qube-Brookfield joint $6.8b bid
Australian rail freight and cargo port operator Asciano has accepted a joint takeover offer from consortiums led by Qube Holdings and Brookfield Asset Management worth A$9 billion ($6.8 billion).
Advantage acquires Japan's Ishii Sports
Advantage Partners has acquired Tokyo-based outdoor sports equipment retailer Ishii Sports.
Pfingsten closes Fund V at $382m
Pfingsten Partners, a US-based GP with a presence in China and India that reflects its manufacturing-focused remit, has closed its fifth middle-market fund at $382 million, exceeding the target of $350 million.
Cybernaut China hires ex-IBM executive, launches M&A fund
China-focused PE firm Cybernaut has hired Matt Wang, formerly a vice president at IBM, as president and announced the launch of a RMB60 billion ($9 billion) M&A fund.
Q&A: BHR Partners' Jonathan Li & Xin Wang
BHR Partners was set up as an extension of Bohai Industrial Investment Fund to support Chinese companies going overseas. CEO Jonathan Li and Managing Partner Xin Wang explain the strategy
Q&A: Archer Capital's Peter Wiggs
Peter Wiggs, CEO of Archer Capital, on why the IPO slowdown has helped PE deal flow, the attractiveness of education and healthcare, and recently spun-out Archer Growth
Lower middle market fundraising: Early adopters
While Australia’s lower middle market still offers opportunities for conventional GPs, some managers see growing potential in alternate fund models. Skepticism is strong among their peers
Partners Group, Kedaara to buy unit from India's Au Financiers
A joint venture between Kedaara Capital and Partners Group has agreed to buy Au Housing, the mortgage arm of Indian non-banking finance company (NBFC) Au Financiers.
Q&A: KKR's David Liu and Ming Lu
David Liu and Ming Lu, who head up KKR’s private equity operations in Asia, discuss dislocation in China and its neighboring markets, engineering cross-border deal flow, and how GPs can differentiate themselves
Navis sells Guardian Early Learning to Partners Group
Partners Group has bought a controlling stake in Australian early childhood education provider Guardian Early Learning Group from Navis Capital Partners at a post-deal valuation of A$440 million ($313 million)
EQT buys Hong Kong social compliance assessment business
EQT Partners has bought a majority stake in Hong Kong-based social compliance assessment and improvement service Elevate.
Hony reaches $1.25b mark on latest China fund
Hony Capital has reached a first close of $1 billion on its new Greater China-focused fund and raised an additional $250 million towards a second close.
Carlyle promotes India-based Neeraj Bharadwaj to partner
The Carlyle Group has promoted Neeraj Bharadwaj, a Mumbai-based member of the firm’s Asia buyout team, to partner.
Malaysia's Ekuinas makes healthcare investments
Ekuinas, a private equity firm backed by the government of Malaysia, has invested a total of MYR79.8 million ($18.1 million) in two companies that support the healthcare sector.
PAG closes second Asia fund at $3.66b - update
PAG Asia Capital has reached a first and final close on its second fund at $3.66 billion. The vehicle, which had an initial target of $3 billion, spent less than eight months in the market.