Buyout
Blackstone considers Intelenet divestment - report
Blackstone is said to be considering selling its 66% stake in Indian BPO firm Intelenet Global Services to British services network Serco.
Mizuho sells its 53.3% stake in SDS Bitotech to Idemitsu
Mizuho Capital Partners is to sell its remaining holdings in Tokyo-based biotech company SDS Biotech K.K., to oil distributor Idemistu Kosan Co. through a tender offer.
TPG hunts Asia Chairman - report
Buyout major TPG is reportedly looking for a new Asia Chairman able to help the firm compete in China.
Australian cleaning company rejects private equity bid
Spotless Group, a ASX-listed Melbourne-based cleaning services company, has rejected a conditional $700 million bid from a private equity firm, Blackstone, reported by Reuters.
KKR’s Yageo offer reflects Taiwan's strength
KKR Asia, with company Chairman Pierre Chen, has offered $1.6 billion for Taiwanese electronic components manufacturer Yageo Corporation in a show of force that gives gravitas to a market that has largely lost its luster to regional private equity managers.
PE-led consortiums bid for Shanghai Motel - reports
At least three private equity-linked groups have reportedly entered a bidding war to take control of Morgan Stanley-owned Shanghai Motel Management, Reuters reported, which could fetch $1 billion.
The Australian visionary
The Executive Chairman of CHAMP talks about why a focus on fees is short-sighted, why a return to traditional benchmarking is needed, and why the future of venture capital is bright
Alinta’s shareholders approve TPG consortium’s bid
The shareholders of distressed Australian power giant Alinta Energy have approved an acquisition offer by a TPG-led consortium to acquire the company and delist it from the ASX, despite many of these backers making a 90% loss on their original funding.
KKR puts MMI listing on hold – reports
Less than one month after news surfaced of KKR’s ambition to offload Singaporean engineering firm MMI Holdings via an IPO onto the Singapore Exchange, the PE major has reportedly cancelled its plans for a listing.
Advent to close Japan with no active investments
After much speculation among industry insiders and reported LP dissatisfaction with the situation, US private equity firm Advent International has finally made public a decision to close its Japan office by the end of this month. The firm came to the...
Bright Food on Yoplait's shortlist - reports
The hard-fraught competition to acquire a 50% stake in PE-backed Yoplait is reportedly nearing a close, with Chinese food brand Bright Food Group Co. said to remain a contender for the acquisition, competing against the likes of global food giants Nestle...
Marunouchi Capital nears buyout of Seijo Ishii
Tokyo-based Marunouchi Capital, a joint venture equally owned by Japanese conglomerate Mitsubishi Corp and Mitsubishi UFJ Securities, is reportedly close to finalizing negotiations for a takeover of Seijo Ishii Co., a high-end supermarket operator in...
Marunouchi Capital makes its third deal
Marunouchi Capital, a buyout firm equally owned by Japanese conglomerate Mitsubishi Corp and Mitsubishi UFJ Securities Holdings, will acquire a stake in Yamamoto Seisakusyo, Inc., a Saitama-based die manufacturer.
TPG Fund V under-performs
Preliminary results suggest that the value of one of TPG’s buyout vehicles – its $17.4 billion Fund V – has diminished to less than 100 cents to the dollar by the end of 2010, the Financial Times first reported.
Mizuho Capital takes Japanese mail order company private
Mizuho Capital Partners, a Japanese buyout firm based in Tokyo, will help Image Holdings Co., a listed mail order company, to go private through an MBO in conjunction with current president Masakazu Myoga.
MD of Carlyle's buyout team Ranjeev Gupta exits firm
Managing Director and Head of Carlyle India’s buyout team, Ranjeev Gupta has resigned from the firm after five and a half years.
Patni Computer Systems nearing a PE takeover deal - reports
Two PE-led teams, iGate-Apax Partners and Carlyle-Advent International, are reportedly nearing the end of their race to acquire Patni Computer Systems, one of India’s largest IT services companies, according to local reports.
Phoenix Capital sells Japan's juice maker to iSigma via TOB
Private equity shareholders of Gold-Pak. a Nagano-based beverage manufacturer, have approved a takeover bid by iSigma, a midsize-focused buyout firm wholly owned by Marubeni Corp.
Australia's Quadrant closes $746 million buyout fund
Sydney-based Quadrant Private Equity is set to close an A$750 million ($746.3 million) buyout fund, Quadrant 6, with mid-market firms in the service sector among its expected targets.
The great India debate
Private equity investment deals in India may be tricky, expensive and atypical compared to the standard private equity model, but they are potentially lucrative and poised to become even more attractive.
Advent International head Matsumoto leaves
Hiroshi Matsumoto, head of buyout firm Advent International's Japanese operations, will leave the company, according to reports.
HSBC Private Equity Asia completes spinout as Headland Capital Partners
The management team who led HSBC Private Equity Asia have now announced the completion of its buyout from parent HSBC with the launch of Headland Capital Partners Ltd., under George Raffini and Marcus Thompson, Managing Partners of the new firm.
Goodman Fielder CFO Goldsmith to join TPG as advisor
Australian baking and dairy group Goodman Fielder has announced that its Chief Financial Officer, David Goldsmith, is leaving the company to join TPG Capital as a senior adviser.
Baring Private Equity Asia will not lead Harbin privatization
NASDAQ-listed Harbin Electric, Inc., a developer and manufacturer of electric motors, announced an end to the planned privatization process for the company in partnership with Baring Private Equity Asia.