Buyout
CHAMP PE-owned oOh! Media targets $141m Australia IPO
Australian outdoor advertising company oOh! Media, which is owned by CHAMP Private Equity, plans to raise A$166 million ($141 million) through an IPO.
CVC invests $150m in Marubeni's Japan broadband business
CVC Capital Partners has acquired a 50% stake in enterprise-focused Japanese telecommunications carrier Arteria Networks - a unit of Japanese conglomerate Marubeni - for $150 million.
SummitView, Shanghai government launch $1.7b PE fund
SummitView Capital has partnered with the Shanghai government to launch a RMB10 billion ($1.7 billion) private equity fund, which will invest in semiconductor manufacturers.
Japan's J-Star buys two healthcare providers
Japanese mid-market buyout firm J-Star has acquired two new care providers - Nagoya-headquartered Nurse Call and Kanagawa-based Kairos & Company - within weeks of its 5x exit from similar business HCM Corporation.
TPG, PAG consortium finalizes acquisition of Australia's DTZ
TPG Capital and PAG Asia Capital, together with co-investor Ontario Teachers' Pension Plan (OTPP), have completed their acquisition of DTZ, the property services arm of Australia-listed UGL, for an enterprise valuation of A$1.215 billion ($1.2 billion).
J-Star secures 5x exit from healthcare firm HCM - update
Japanese mid-market buyout firm J-Star has exited Tokyo-based healthcare service provider HCM Corporation to Alshok Group at an enterprise value of JPY8.88 billion ($78.7 million), generating a 5x cash multiple and a 60% IRR.
Carlyle crosses $600m threshold on Japan fund
The Carlyle Group has crossed the halfway mark on its third Japan buyout fund, with approximately $600 million raised predominantly from domestic investors.
Advent hires ex-Evonik China president for chemicals coverage
Advent International has hired Dr Dahai Yu - the former president of Evonik China - as operating partner to cover its investments in the chemicals sector.
Permira exits Japan's Arysta LifeScience to US strategic for $3.5b
Permira has exited its investment in Japanese agricultural chemicals maker Arysta LifeSciences to US chemicals firm Platform Specialty Products (PSP) for about $3.51 billion.
Texas County & District commits $50m to Baring Asia fund
Texas County & District Retirement System (TCDRS) has committed $50 million to Baring Private Equity Asia’s sixth pan-regional fund, which recently reached a first close of $3.2 billion.
3Q analysis: The IPO genie
Real and paper windfall for PE investors in Alibaba spurs exit environment; the latest round of fundraising for pan-regional mega vehicles draws to a close; growth capital dominates the investment numbers
Former Carlyle, TPG executives plan $500m India fund
Rajeev Gupta, formerly of The Carlyle Group, and Amol Jain, previously of TPG Capital, are launching a new PE fund that will focus on mid-market buyout opportunities in India.
Navis makes Modern Star education play
Just over a year ago, Navis Capital Partners bought Australian childcare services provider Guardian Early Learning from fellow PE investor Wolseley Private Equity for A$120 million ($110 million). The idea then was to anticipate the rise in the demand...
Baring Asia reaches $3.2b first close on Fund VI
Baring Private Equity Asia has reached a $3.2 billion first close on its sixth pan-regional fund, exceeding its original target of $3 billion for the entire vehicle.
Hahn & Co in $900m first close on second Korea fund
South Korean GP Hahn & Co – which was founded by Scott Hahn, formerly CIO of Morgan Stanley Private Equity Asia (MSPEA) – has reached a first close of approximately $900 million on its second fund.
China’s Baidu buys VC-backed Brazilian online discount site
Chinese search giant Baidu has bought a controlling stake in Brazil-based Peixe Urbano, an online discount platform that has received several rounds of VC funding, for an undisclosed sum.
Shares in Bain-backed Skylark fall on Tokyo debut
Shares in Skylark, the Japanese restaurant operator backed by Bain Capital, fell by nearly 4.8% on the first day of trading on the Tokyo Stock Exchange (TSE) following a JPY75.1 billion ($686.2 million) IPO.
Navis returns for Dome Coffees refill
Having built a strong relationship with the management team at Dome Coffees Australia, Navis Capital Partners was comfortable with the notion of buying the specialty coffee and dining restaurant chain for a second time, 11 years after the first acquisition.
Unison holds $428m first close on Fund IV, eyes $714m
Unison Capital has reached a first close on its latest Japan buyout vehicle - Unison Capital Partners IV(F) - of JPY45 billion ($428 million), with the fund expecting a final close of JPY75 billion.
Carlyle closes fourth Asia buyout fund at $3.9b
The Carlyle Group has reached a final close on its fourth Asian fund - Carlyle Asia Partners IV (CAP IV) - at $3.9 billion.
Polaris pays $86m for Japanese all-you-can-eat chain
Japanese mid-market buyout firm Polaris Capital has bought a 100% stake in all-you-can-eat restaurant chain Edoichi.
CITIC Capital buys Chinese mattress maker
CITIC Capital Partners has acquired a controlling stake in King Koil Shanghai Sleep System, a Chinese mattress maker.
Advantage acquires Japan kitchenware provider
Japanese mid-market GP Advantage Partners has acquired FMI Corp, an Osaka-based provider of kitchenware products and services.
MBK agrees $243m sale of Korea's Techpack Solutions
MBK Partners has agreed to sell bottle manufacturer Techpack Solutions to Dongwon Systems Corp, the industrial materials division of domestic conglomerate Dongwon Group, for KRW250 billion ($245 million).