Buyout
Riverside acquires Japan bicycle retailer
The Riverside Company has acquired Y. International, a Japanese bicycle retail chain. The financial terms of the deal were not disclosed.
Dattels, Gray to lead TPG in Asia, Peel steps back
Tim Dattels, a senior partner at TPG Capital, is moving back to Asia to lead the firm’s regional private equity operations in conjunction with Ben Gray. He is replacing Stephen Peel who is withdrawing from day-to-day management.
Carlyle set for another partial exit from Japan's Chimney
The Carlyle Group is set to reap up to JPY14.3 billion ($145 million) through another partial exit from Japanese casual restaurant chain Chimney Corp, after agreeing to subscribe to a tender offer by liquor retailer Yamaya Corp. to acquire a 48.66% stake.
Japan's Polaris exits Nippon Oil Pump to Wendel
Japanese buyout firm Polaris Capital Group has agreed to exit its entire share in Nippon Oil Pump Group (NOP) - a maker of hydraulic pumps and motors - to French listed investment group Wendel.
CHAMP-owned Accolade to acquire NZ wine brands
Accolade Wines, a winemaker owned by Australia's CHAMP Private Equity, has agreed to acquire a portfolio of wine brands from New Zealand counterpart Mud House Wine Group.
Q&A: CVC Capital Partners' Sigit Prasetya
Sigit Prasetya, managing partner at CVC Capital Partners, on why recent volatility in Indonesia shouldn’t concern PE investors, negotiating auctions and lofty valuations, and working with Southeast Asia’s family groups
Asia fundraising: Size matters?
While a select group of GPs are able to raise large funds at short order in Asia, the small and mid-cap space is hollowing out. It is in parts cyclical and a function of broader changes in the post-financial crisis LP base
KKR targets $474m Bis Industries IPO – report
KKR is reportedly planning a December IPO for Australian mining logistics company Bis Industries, with marketing to institutional investors to begin this week.
NYSTRS commits $100m to Carlyle’s fourth Asia buyout fund
New York State Teachers’ Retirement System (NYSTRS) has committed $100 million to The Carlyle Group’s fourth Asia buyout fund. The vehicle, which has a target of $3.5 billion, had raised $1.5 billion as of the first quarter of 2013, with a final close...
Schwarzman bullish on Blackstone's Australia prospects
The Blackstone Group is looking to increase its investments in Australian real estate and private equity, according to Stephen Schwarzman, the firm’s co-founder.
LotusPool targets $125m India fund, IFC to invest
LotusPool Capital, a private equity firm set up by executives from Actis and ePlanet Capital, has received a $15 million commitment from International Finance Corporation (IFC) for its debut fund. The vehicle, which has a target of $125 million, will...
Polaris-backed apparel supplier files for bankruptcy
Fusen-Usagi Corporation,a children's apparel supplier backed by Polaris Capital Group, has filed for bankruptcy at Osaka Regional Court with JPY3 billion ($30 million) in debt.
Quadrant eyes aged care consolidation
Quadrant Private Equity completed its exit from New Zealand retirement village operator Summerset last week but demographics remain a prominent theme in the firm’s portfolio with the acquisition of Estia Health, an Australian aged-care provider.
Blackstone opens Singapore office
The Blackstone Group has opened an office in Singapore, extending its footprint into Southeast Asia. The move comes as global private equity firms place increased emphasis on the region.
Korea’s Anchor Equity closes debut fund at $500m
Anchor Equity Partners has reached a final close on its debut South Korea-focused fund at the hard cap of $500 million. The firm – set up last year by a group that spun out from Goldman Sachs’ private equity unit – targets buyout, growth capital...
MBK closes third North Asia buyout fund at $2.7b hard cap
MBK Partners has closed its third fund at the hard cap of $2.7 billion after just over one year in the market. The North Asia-focused GP, which was founded by Michael B. Kim, former president of Carlyle Asia Partners, set an initial target of around $2.25...
KKR invests $200m in Malaysia’s Weststar Aviation
KKR has completed its first investment in Malaysia, paying approximately MYR642 million ($200 million) for a substantial minority stake in Weststar Aviation Services (WAS). It is also the first investment from KKR Asian Fund II, a $6 billion vehicle that...
Apollo mulls raising investment limit on global fund - report
Apollo Global Management is reportedly considering seeking approval to raise the limit on its new flagship fund in response to strong investor interest.
Portfolio: CVC Capital Partners and Hong Kong Broadband Network
Hong Kong has one of the most saturated and advanced broadband markets in the world. Finding new areas of growth is difficult but not impossible, says Hong Kong Broadband owner CVC Capital Partners
Japan's Lixil acquires TPG-backed faucet maker Grohe
Lixil Group, a Japanese toilet manufacturer, has agreed to acquire Grohe, a German maker of faucets backed by TPG Capital and the private equity arm of Credit Suisse (formerly CSFB Private Equity), for JPY400 billion ($4 billion).
Japan Private Equity holds $30m first close on Fund IV
Japan Private Equity (JPE) has held a JPY3 billion ($30 million) first close on its fourth buyout fund, JPE Private Equity No.4.
Australia’s Ironbridge offers LPs secondary exit route
Ironbridge Capital has launched a hybrid structure for its latest fundraising, with investors in the Australian GP’s first two funds being given the opportunity to exit their positions or roll over into a new vehicle that will continue to manage the...
New Zealand's Pencarrow acquires Bell Tea & Coffee
Pencarrow Private Equity has bought Bell Tea & Coffee Company (BTCC), New Zealand’s oldest tea enterprise, from supermarket chain Foodstuffs. Accident Compensation Corporation (ACC) is coming in as a significant co-investor, while BTCC’s senior management...
KKR's Kravis bullish on Asia private equity, credit
Henry Kravis, co-founder of KKR, believes that Asia’s macro headwinds have created an attractive environment for private equity investment, although the asset class is just one of several strategies that feature in his longer-term outlook for the development...