Buyout
Bain closes third Asian fund at hard cap
Bain Capital has closed its third Asian fund at the hard cap of $3 billion plus a GP commitment of at least $250 million. The fundraising process has taken approximately seven months.
Blackstone raises $18b for latest global fund
The Blackstone Group has reached a final close on its latest global private equity fund at $18 billion, with demand said to be well in excess of the $17.5 billion hard cap.
Australia-based Simon Moore to leave Carlyle - report
Simon Moore, a managing director with The Carlyle Group’s Asia buyout team in Sydney, will reportedly not stay with the firm beyond the life of the current fund.
Northstar closes PE fund at $810m, VC fund at $89m
Northstar Group has reached a final close of $810 million on its fourth fund, which targets Southeast Asia, with a particular focus on Indonesia. Meanwhile, the firm’s VC unit, NSI Ventures, has closed its debut fund at $89 million.
Q&A: OTPP's Nicole Musicco
Co-investment is a key tenet of the private equity strategy at Ontario Teachers’ Pension Plan. Nicole Musicco, managing director and head of Asia Pacific, explains how the group likes to participate
Fundraising and co-investment: Friends with benefits
Co-investment is becoming more sophisticated as managers sharpen fundraising strategies and respond to the needs of large investors. It points to an increasingly customized and complicated GP-LP relationship
Australia oil and gas player Santos rejects PE takeover bid
Australia-based oil and gas supplier Santos has rejected a takeover bid from Scepter Partners, a private equity firm backed by sovereign wealth funds and high net worth individuals in Asia and the Middle East.
Carlyle appoints SE Asia head, fires Indonesia deal-maker
The Carlyle Group has promoted Sunil Kaul to head of its Southeast Asia buyout operations following the sacking of Indonesia-focused Rajiv Louis, who was sanctioned for insider-trading activities while working at UBS.
Profile: Phronesis Partners' Tomoya Shiraishi
Having worked on one of Japan’s biggest-ever deals with Permira, Tomoya Shiraishi returned to his small-cap growth buyout roots with Phronesis Partners – with a bit of venture philanthropy in between
VIDEO: Bain Capital's Stephen Pagliuca
Bain Capital’s strategy of raising funds that are smaller than those of its longstanding industry peers has been beneficial in terms of generating co-investment opportunities, says Stephen Pagliuca, a managing director at the firm
Fund focus: LPs renew Carlyle’s Japan mandate
Carlyle closes Japan fund at just under $1 billion, eyes corporate carve-outs, succession planning deals
Australia’s PEP closes Fund V at A$2.1b
Pacific Equity Partners (PEP) has closed its fifth Australia and New Zealand-focused fund at the hard cap of A$2.1 billion ($1.5 billion). The vehicle came in oversubscribed as LP interest grew following a string of exits by the GP over the past 18 months.
Allegro fully exits Australia's TSC Group to Engie
Allegro Funds has exited its majority stake in Australia-based industrial services provider TSC Group to multinational energy player Engie.
Carlyle closes third Japan fund at $1b
The Carlyle Group has closed its third Japan-focused fund at JPY119.5 billion ($1 billion), exceeding the target of JPY100 billion.
Q&A: Warburg Pincus' Charles R. Kaye
Charles R. Kaye, co-CEO at Warburg Pincus, discusses the growing importance of Asia to his firm, valuation bubbles in the technology space, and changes in the GP-LP relationship
Riverside's NZ animal health business completes bolt-on
Simcro, a New Zealand-based animal drug delivery firm controlled by the Riverside Company, has completed two bolt-on acquisitions.
Vogo buys Korean lifestyle product maker Bodyfriend
Vogo Investment has acquired a controlling stake in Bodyfriend, South Korea's largest maker of massage chairs and other lifestyle products, in a management buyout.
CVC appoints Steve Lim as South Korea chairman
CVC Capital Partners has hired Steve Lim, former CEO and managing director of JP Morgan in South Korea, as its chairman in the country.
CITIC, Crestview to sell Stackpole for $659m
CITIC Capital Partners and Crestview Partners have agreed to sell Canada-based auto parts maker Stackpole to Johnson Electric Holdings for C$867 million ($659 million).
Carlyle, Huo's Group buy Shell stake in Chinese lubricant firm
The Carlyle Group, together with Chinese conglomerate Huo's Group, has bought Shell Oil's 75% stake in Tongyi Lubricants. The financial details were not disclosed.
Fund focus: GSR fuels its global ambition
Bringing overseas technology to China is a popular investment thesis among GPs. However, while the likes of Fosun International and Hony Capital have completed several cross-border deals, this is not their sole proficiency. GSR Capital is therefore an...
Former Japan Exchange head joins KKR as chairman
KKR has named Atsushi Saito, former head of the Tokyo Stock Exchange (TSE) and the Japan Exchange Group (JPX), as the non-executive chairman of KKR Japan.
Permira hires former KKR deal-maker as head of Japan
Permira has chosen former KKR deal-maker Ryotaro Fujii as managing director and head of Japan. Yoichiro Furuse has been made chairman of Japan.
Baring PE Asia to acquire Orangefield Group
Baring Private Equity Asia has agreed to acquire fund administration and corporate services firm Orangefield Group from AAC Capital Partners for an undisclosed amount.