Restructuring
PE targets deep distress
Specialist distressed asset firms are scouting to Asia for companies that have gone beyond bankruptcy – and therefore beyond where most investors would look
Reliance Communications again seeks PE buyers for tower unit
Reliance Communications is courting private equity firms and strategic investors as it seeks to sell its 95% stake in tower unit Reliance Infratel. The company has hired UBS to arrange a sale and is looking to recoup $5 billion for the asset, Reuters...
SMBC VC to launch fund targeting small Japanese firms
SMBC Venture Capital, a member of Sumitomo Mitsui Financial Group (SMFG), will launch a JPY14 billion ($178.3 million) fund aimed at helping small, owner-run firms make shareholder and structural changes, Nikkei reported.
Deutsche Bank invests Japan Industrial Solutions fund
Deutsche Bank in Tokyo has announced its commitment to invest in a business revitalization fund to be initiated by Japan Industrial Solutions Co., Ltd. (JIS), established by the Development Bank of Japan (DBJ), Sumitomo Mitsui Banking Corporation (SMBC),...
PE-invested Krispy Kreme Australia sees restructuring after financial setbacks
Doughnut market leader Krispy Kreme’s poor financial performance in Australia, where it is invested by Souls Private Equity, has prompted a month-long management restructuring process aimed at jumpstarting the retailer’s profits.
Actis said seeking exit from India's Halonix
Actis is seeking a buyer for some or all of its 66% controlling stake in Indian halogen bulb and lamp manufacturer Halonix, in a deal which could fetch up to $56 million with a probable strategic buyer, according to Indian reports.
3i continues buyout wind-down in India
In light of 3i Group’s decision to pare down its buyout arm in Asia – folding its Singapore-led buyout team into its regional growth capital platform and transferring responsibility for Asian buyouts to its global buyout team – 3i India is merging...
Malaysia's CIMB Standard rebrands as CapAsia
Malaysian infrastructure-focused private equity firm CIMB Standard Strategic Asset Advisors has rebranded as CapAsia to help bolster its profile across key markets.
Han joins CVC from Honeywell
Allen Han, formerly a VP and GM with Honeywell in China and the US, has joined CVC Capital Partners as a Senior MD with the firm's Operations Team in Asia.
Kendall Court's Chris Chia speaks
Chris Chia, Managing Partner at Kendall Court Capital Partners, speaks about the firm's investment strategies.
