Buyout
Vogo takes control in Korea’s Tong Yang
Vogo Fund, a leading private equity firm in South Korea, has acquired an additional 46.5% stake in Tong Yang Life Insurance from mid-sized local conglomerate Tong Yang Group for KRW900 billion ($798 million).
Permira retains ex-Nokia Ho as Senior Advisor
Permira has announced the appointment of David Ho, former President of Nokia in China, as a Senior Adviser with the firm, charged with aiding the firm in identifying investment opportunities in Greater China.
Korea Finance Corp. may launch PE fund to buy investee Hynix Semiconductor
Government-run Korea Finance Corporation (KoFC) is contemplating the launch of a private equity fund that would acquire current investee Hynix Semiconductor Inc., the world’s second-largest memory chip manufacturer.
Foster's still open to private equity offers for wine unit
David Crawford, Chairman of Australia's Foster's Group, publicly said the company will still entertain offers from private equity groups for its wine business, while repeating that a c.$2.46 billion offer, reportedly from Cerberus Capital Management,...
AVCAL reveals standstill in buyout fundraising ahead of new taxes
As Australia awaits the announcement of new tax regulations on private equity profits, the Australian Private Equity & Venture Capital Association (AVCAL) has released a study delineating how uncertainty over the new laws has already affected the market’s...
MBK exits CNS to Want Want in 2010's biggest Asia result
MBK Partners has completed its exit from Taiwanese cable investee China Network Systems (CNS), selling its 60% stake to the head of local conglomerate Want Want China Holdings for $2.4 billion in 2010's largest Asian private equity exit, and nixing expectations...
Hopu split reports denied
Reports and market talk of a split at the top of Hopu Investment Management, the $2.5 billion China-linked private equity and multi-strategy investment group, have been denied by sources close to the firm, which in fact appears to be nearing the threshold...
Australian private equity: Behind the numbers
Lower numbers mask resurgence
Lone Star may invite MBK into KEB
Lone Star Funds may be in discussion with MBK Partners to sell a 25% stake in its investee Korea Exchange Bank, as Australia and New Zealand Banking Group (ANZ) continues due diligence on Lone Star's 51.02% stake in the business, according to reports.
Carlyle’s Marumo moves to Lazard
Masato Marumo, formerly an MD with Carlyle Group, who left the firm's Japan office earlier this year, has now joined Lazard Ltd. in Tokyo as an MD, where he will work closely with Yasu Hatakeyama, President and CEO of Lazard Frères Japan.
Tokio Marine plans mid-cap buyout fund for Japan
Tokio Marine Holdings, one of Japan's leading insurance companies, is targeting to raise a JPY50 billion ($590 million) buyout fund, its fourth, through its Tokio Marine Capital unit, to invest in mid-cap Japanese companies.
Affinity, TPG investee UTAC seeks to relist in Singapore
Affinity Equity Partners and TPG Capital investee United Test and Assembly Center (UTAC) is seeking to relist in Singapore in an IPO likely to raise up to $600 million, three years after its 2007 privatization, according to reports.
ANZ/KEB due diligence ongoing
Australia and New Zealand Banking Group (ANZ) is continuing its due diligence for the potential purchase of a 57.27% stake in Lone Star Funds investee Korea Exchange Bank.
HSBC sells HSBC Private Equity Asia unit to management
HSBC Holdings has announced the sale of 80.1% of HSBC Private Equity (Asia) Ltd. to the management team of HSBC Private Equity, for a price tag of around $18.8 million, executing a spinout plan first reported in June.
CICC loses talent as KKR, TPG deal nears
The $1 billion-plus sale of Morgan Stanley's 34.3% stake in leading PRC i-bank China International Capital Corp (CICC) to Kohlberg Kravis Roberts & Co. and TPG Capital appears to be coinciding with a talent flight from the bank, as the bank moves to allow...
Mark Chiba of The Longreach Group
Group Chairman and Partner of The Longreach Group Mark Chiba says that, despite past market performance that have prompted “disappointments,” Japan still holds a great number of opportunities for LPs, to the point that Chiba labels the market as “an...
Coke picks up Japan’s Q’sai juice maker
Coca-Cola West has bought out Daiwa Corporate Investment and Polaris Principal Finance-backed Japanese vegetable juice maker Q’sai for JPY63.9 billion ($757 million), which includes JPY28 billion ($331 million) of debt.
Hopu may bid for Potash
Hopu Investment Management may be contemplating participation in a bid for Canada's Potash Corp, currently opposing a $39 billion hostile takeover bid from BHP Billiton, according to reports.
Bain, Macquarie, Permira in frame for MBK's CNS
Bain Capital and the UK's Permira Advisers, as well as Macquarie Group, are among the final bidders selected by MBK Partners for its Taiwanese cable investee Cable Network Systems (CNS), which could fetch up to $2.5 billion, according to reports.
ANZ diligencing KEB for $3.8 billion stake
After a long-running, stop-and-go series of reports on its participation in bidding for Lone Star Funds' stake in Korea Exchange Bank (KEB), Australia and New Zealand Banking Group (ANZ) has confirmed that it is doing due diligence on an up to 57.27%...
Sonoma Management seeks $100 million for second fund
Pune-based Sonoma Management Partners (SMP) is to embark on a $100 million fundraising for its second vehicle, the India Buyout Fund II, dedicated to small-to-mid cap buyout targets in India’s technology sector.
Tim Sims of Pacific Equity Partners, Video 2
Tim Sims, Managing Director of Pacific Equity Partners, applauds vendors for not only turning the corner and selling their assets following a difficult 2009, but also making prices “full and fair” as they begin to reengage, and further discusses why...
Tim Sims of Pacific Equity Partners, Video 1
Managing Director of Pacific Equity Partners Tim Sims discusses how his firm stays true to the essence of private equity practice, and how these values are institutionalized in emerging talent in the industry
Palamon, Morgan Stanley, AlpInvest get Oz cards spinout exit
Palamon Capital Partners, Morgan Stanley Alternative Investment Partners and AlpInvest Partners have picked up A$353 million ($319 million) from the sale of the Australian operations of their joint investee Retail Decisions, a card payment-processing...