Buyout
KKR, Blackstone, Carlyle among bidders for SingTel Australia unit - report
KKR, The Blackstone Group and The Carlyle Group are said to have submitted first-round bids for Optus Satellite, the Australian satellite unit of Singapore Telecommunications (SingTel).
CHAMP, Headland seek to oust Miclyn directors
Headland Capital Partners and CHAMP Private Equity, majority shareholders of Miclyn Express Offshore, are looking to jettison two of the company's independent directors, saying the move would be in the interests of shareholders.
Cerberus challenges Seibu management ahead of annual meeting
Cerberus Capital Management has publicly questioned the management of railway and property group Seibu Holdings in a bid to gain support for its shake up of the company's board at a shareholders meeting later this month.
Japan's Marubeni scales back deal for PE-owned Gavilon
Marubeni has scaled back its offer for General Atlantic-owned US grain trader Gavilon by $1 billion after cutting the company's energy trading arm out of the deal.
Quadrant-backed Virtus Health jumps 9% on ASX debut
Shares in Virtus Health, an Australian in-vitro fertilization company backed by Quadrant Private Equity, closed up 9% at A$6.20 on its first day of trading on the Australian Securities Exchange. The IPO had been priced at the top end of the indicative...
China Haitong Securities PE arm eyes buyout funds – report
Haitong Capital Investment, the PE arm of China Haitong Securities, is expected to launch its first renminbi- and US dollar- denominated buyout funds, targeting at least $526 million.
Australia's PEP eyes US debt financing market
Pacific Equity Partners (PEP) is considering US refinancing options for several of its portfolio companies after a well received debt offering for movie theater chain Hoyts in May. The Australian GP is one of several to opt for US over domestic debt markets,...
INCJ-backed Seajacks sets up Japan wind farm unit
Seajacks International, a UK-based offshore energy services provider owned by Japan's Marubeni Corp. and government-backed Innovation Network Corporation of Japan (INCJ), has launched its first Asian subsidiary - Seajacks Japan.
PE-backed TVS Logistics makes second bolt-on this year
TVS Logistics, an Indian supply chain manager backed by KKR and Goldman Sachs, has acquired US-based Wainwright Industries for INR500 million ($8.8 million).
Temasek-backed healthcare firm HCG acquires majority stake in BACC
HealthCare Global Enterprises (HCG), an Indian cancer treatment specialist backed by Temasek Holdings, has acquired a majority stake in Bangalore Assisted Conception Centre (BACC), a leading provider of fertility care. Details of the transaction were...
Warburg Pincus co-president targets emerging markets consumer, tech – AVCJ Forum
Warburg Pincus sees investment potential at the nexus of consumer and technology as it looks to increase its activity in emerging markets. China is set to feature strongly, but so too will India, Brazil, and central and eastern Europe.
End of an era as KKR sells Seven West
With KKR's exit from Seven West Media, the two investments that arguably defined Australia’s boom market of the mid-2000s have now entered the history books.
Panasonic's healthcare business to attract 10 PE bidders - report
Around 10 private equity firms and a handful of strategic investors are expected to enter first-round bids for Panasonic's healthcare unit.
China's Cathay resumes pursuit of Discovery Metals
Chinese private equity firm Cathay Fortune Corporation (CFC) has made a renewed takeover bid for Australia-listed mining company Discovery Metals. The offer is the latest development in ongoing spat between CFC and Discovery Metals, whose principal asset...
Goldman completes exit from ICBC
Goldman Sachs has sold its remaining stake in Industrial & Commercial Bank of China (ICBC), the nation's largest lender, for around $1.1 billion - seven years after its first investment.
Australia's Quadrant exits Virtus Health, Summerset
Quadrant Private Equity has exited its investment in fertility services provider Virtus Health via a A$339 million ($330 million) IPO, while making another partial exit from retirement village chain Summerset.
Cerberus to secure around one third of Japan's Seibu - report
Cerberus Capital Management is expected to hold more than one third of Japan's Seibu Holdings following a takeover bid set to expire tomorrow.
Navis commits up to $150m to SE Asia e-waste specialist
Navis Capital Partners has acquired a majority interest in TES-Envirocorp, a Singapore-headquartered electronic waste (e-waste) company. According to sources familiar with the transaction, the GP invested $100-150 million.
Warburg Pincus raises $11.2b for global fund
Warburg Pincus has reached a final close of $11.2 billion on its latest global fund, one of the largest private equity vehicles raised since the global financial crisis. The firm fell short of its $12 billion target – as well as the $15 billion amassed...
Japan's New Horizon, Integral bullish on fundraising
Japan's New Horizon Capital is considering enlarging its second fund against a backdrop of improved investor sentiment in the country. Integral Corp. cites similar reasons for the strong response to its own second fund, which is expected to reach a final...
Carlyle reaches $1.5b on fourth Asia buyout fund
The Carlyle Group has so far raised $1.5 billion for its fourth Asia buyout fund, which is expected to reach a final close of $3.5 billion by the end of this year. William E. Conway, the private equity firm’s co-founder and co-CEO, said in the first quarter...
TPG, Northstar in partial exit from Indonesia's BTPN
TPG Capital and Northstar Pacific Partners have agreed to exit part of their stake in Indonesian lender Bank Tabungan Pensiunan Nasional (BTPN) to Japan's Sumitomo Mitsui Banking Corporation (SMBC).
Carlyle launches Japan fund with $2b target - report
Carlyle is said to have launched its latest Japan-focused buyout fund with a target of $2 billion.
Tata Capital closes Opportunities Fund at $600m
Tata Capital has closed its Tata Opportunities Fund (TOF) with $600 million in commitments, short of its target of $1 billion. The fund was launched back in March 2011, with the mandate of investing within the Tata group of companies and also in Indian...