Europe
Q&A: Terra Firma's Guy Hands
As Terra Firma prepares to return to market, Guy Hands, the firm’s founder and chairman, explains why the changing GP-LP dynamic requires more flexibility on structures and fees, and GPs with more skin in the game
China’s HNA buys Swissport International from PAI Partners
China’s HNA Group has agreed to buy ground handling and cargo services provider Swissport International from PAI Partners for CHF2.7 billion ($2.8 billion).
India's PE-backed Mindtree to buy US, UK-based IT firms
Indian IT services firm Mindtree, which is backed by Nalanda Capital and Global Technology Ventures Limited, will buy US-based Relational Solutions and UK-based Bluefin for a total of $76 million.
Australia's PE-owned GenesisCare to buy Cancer Partners UK
Australian cancer and cardiovascular treatment provider GenesisCare, which is owned by KKR, has bought cancer center manager Cancer Partners UK from its private equity backer, Apposite Capital.
Bain to sell electronic connectors maker FCI Asia for $1.28b
Bain Capital has agreed to sell FCI Asia, which manufacturers connectors used in electronics, data storage and telecommunications, to US-headquartered industry peer Amphenol for $1.28 billion.
Mitsubishi UFJ to buy UBS' alternative fund services unit
MUFG Investor Services, the asset servicing group of Mitsubishi UFJ Financial Group, will buy UBS Global Asset Management's Alternative Fund Services (AFS) business.
VIDEO: Guernsey Finance's Dominic Wheatley
Investors are increasingly looking to run their activities through high quality rather than mass-market jurisdictions in response to stricter regulatory scrutiny, according to Dominic Wheatley, CEO of Guernsey Finance
Nordic Capital backs Chinese maker of child car seats
European GP Nordic Capital has acquired Max-Inf, a Chinese manufacturer of children's car seats, to complement its existing portfolio investment in UK child safety products firm Britax.
KKR-owned Panasonic Healthcare agrees $1.1b Bayer bolt-on
Panasonic Healthcare, the Japanese medical equipment manufacturer in which KKR acquired a majority stake last year, has agreed to buy Bayer’s diabetes care business for EUR1.02 billion ($1.15 billion).
Deal focus: Mandarin, Zoomlion team up again in Italy
Having supported Zoomlion Heavy Industry Science & Technology acquisition of Italy’s CompagniaItalianaFormeAcciaio (CIFA) seven years ago, Mandarin Capital Partners (MCP) didn’t hesitate in suggesting that the Chinese construction machinery manufacturer...
Mandarin, Zoomlion to buy Italian water treatment firm
Mandarin Capital Management (MCP) has teamed up with Zoomlion Heavy Industry Science & Technology to acquire a 75% stake in Ladurner, an Italy-based waste treatment and environment firm, for EUR75 million ($82 million).
Cathay backs China food ingredients maker
Cathay Capital has bought a 25% stake in Chinese food ingredient maker Cabio Bioengineering (Wuhan).
Aberdeen Asset Management buys FLAG Capital
Aberdeen Asset Management has bought FLAG Capital Management, the US-based firm that acquired Asia-focused fund-of-funds Squadron Capital in 2012. The financials of the transaction were not disclosed.
Deal focus: Corporate services consolidation play
Each of the world's four largest corporate service providers, which assist with the formation and administration of companies, trusts and funds, has a private equity backer. They are supplying the firepower for a round of consolidation that could see...
Lixil unit files for insolvency less than 18 months after PE exit
Japanese bathroom fitting company Lixil is set to lose at least JPY41 billion ($337 million) after its German-listed Chinese subsidiary, Joyou AG, filed for bankruptcy. Lixil acquired the business after it bought German faucet maker Grohe from TPG Capital...
EMR serves as cornerstone for Highfield Resources placement
Australian resources-focused investor EMR Capital has served as cornerstone investor for listed mining company Highfield Resources' A$120 million ($101 million) share placement.
TPG, PAG-owned DTZ to buy Cushman & Wakefield for $2b
DTZ, a property services provider owned by TPG Capital, PAG Asia Capital and co-investor Ontario Teachers’ Pension Plan (OTPP), has agreed to buy industry peer Cushman & Wakefield for an enterprise value of $2 billion.
Fosun to take 20% in payment play Ingenico Group
Fosun Group has invested in Europe-based payment services provider Ingenico Group with a view to helping the company develop its business in China.
PE to exit as Japan's Recruit buys Wahanda
Japan’s Recruit Holdings has acquired UK-based Hotspring Ventures, the company behind online hair and beauty marketplace Wahanda, for JPY4.5 billion ($37.6 million), providing an exit for the company’s VC backers.
Deal focus: A Sino-French solution to liver disease
Inner Mongolia FuRui Medical Science (FuRui) started out two decades ago as a pure-play drug manufacturer, but then it found its niche developing diagnostic equipment and treatment for liver disease. Looking to bring in overseas technology, it acquired...
LP interview: PGGM
Following the decision to sell AlpInvest Partners, Dutch pension fund PGGM set up its own PE division. There is a preference for buyouts in Asia’s developed markets and a growing appetite for co-investment
Allegro Funds buys Australia's Great Southern Rail
Allegro Funds has agreed to buy a 100% stake in Australian railway company Great Southern Rail (GSR) from its UK parent Serco.
PEP to buy Kerry Group's Australian bakery unit
Australian GP Pacific Equity Partners (PEP) has agreed to acquire Pinnacle, the Sydney-headquartered bakery unit of Irish food giant Kerry Group.
Fosun buys $138 million stake in Thomas Cook
Chinese investor Fosun International has purchased a 5% stake in UK-based travel agent Thomas Cook Group for GBP91.8 million ($138 million).