Having successfully overcome a series of post-global financial crisis troubles, Advantage Partners now has a multi-strand domestic and international offering intended to give it an edge in investments
TPG Capital and SoftBank Ventures Korea are launching a $300 million China fund that will invest in start-ups focusing on technology, media, and the internet.
Hahn & Company has followed up its bumper acquisition of Hanon Systems by supporting the company in the $1.23 billion carve-out of a division from Manga International. The deal should bring more balance - and synergies - to the Hanon portfolio
Japanese mid-market private equity firm J-Star has acquired Wego, a domestic fashion brand that has 185 stores nationwide and annual sales of more than JPY35 billion ($310 million).
PE firms can obtain financing for leveraged buyouts in Asia on increasingly favorable terms, but this doesn’t necessarily point to institutionalization – or at least, not yet. For now, banks still lead the way
Hanon Systems, an auto parts manufacturer owned by Hahn & Company and formerly known as Halla Visteon Climate Control, has agreed a $1.23 billion bolt-on acquisition of Magna International’s fluid pressure and controls business.
Origami, a Tokyo-based mobile payments platform, has raised JPY6.6 billion ($60 million) in Series C funding from investors including SBI Investment, Union Pay International, Mitsui Sumitomo Card, and Credit Saison.
Japan’s Pension Fund Association for Local Government Officials (Chikyoren), which has more than $200 billion in assets, has awarded a domestic private equity mandate to Alternative Investment Capital (AIC).
Baring Private Equity Asia has agreed to invest up to JPY60 billion ($538 million) in Pioneer Corp, by subscribing to a new share issue by the struggling Japanese conglomerate.
Japanese private equity firm NSSK has acquired Elsonic, operator of the Thank You Mart retail chain, for an undisclosed sum.
Shareholder activism is becoming more prevalent in Korea among the country’s chaebol groups, but it still trails distress sales and divestments of non-core divisions as sources of private equity deal flow.
Korean institutional investors are reviewing their alternatives allocations – and focusing new commitments on more liquid strategies such as credit – in anticipation of a correction in global markets.
MBK Partners is set for a full exit from ING Life Korea – now known as Orange Life Insurance – after agreeing to sell its majority stake to Shinhan Financial Group for KRW2.29 trillion ($2.04 billion).
KKR has hired Kazuyuki Kido, who previously spent 20 years at SMBC Nikko Securities and Nikko Principal Investments, as a managing director in its Tokyo-based team.
Japan Post Investment Corporation (JPIC), a direct investment unit launched by Japan Post Bank and Japan Post Insurance earlier this year, has joined a $94 million round for Japan-founded and US-based data company Cloudian.
CLSA Capital Partners (CLSA CP) has acquired House Partner Holdings, a real estate services provider focusing on apartment rental agencies in the Greater Tokyo area.
Private equity firms must double down on local networking, due diligence, and value-add capacity as competition for deals intensifies in the Korean buyout market
Tender offers have long been overlooked in South Korea’s PE toolbox, where their traditional use in privatization deals seems to have little value. Local GPs may be able to adapt them to the market’s needs
A growing number of South Korean buyout firms are testing the waters for domestic IPOs. Continued regulatory hurdles mean that realizing value will require planning for the post-offer period
Korea’s economic momentum has simmered down as demographic, political and industrial evolutions suggest a structural decline. Investors are monitoring the transition with a conditional sense of optimism
The prevalence of project funds in Korea is routinely linked to local institutional investors’ innate discomfort with blind pool vehicles. But is this dynamic holding back middle market managers?
Metro Engines, a Tokyo-based start-up that provides pricing tools for online hotel booking sites, has raised JPY700 million ($6.3 million) from a group of Japanese venture capital and strategic investors.
CLSA Capital Partners (CLSA CP) has agreed to acquire 100% of Japanese beauty salon operator Puzzle for an undisclosed sum via a bolt-on with industry counterpart Agu Group.
Japan’s J-Star has acquired a controlling stake in domestic auto parts remanufacturing company Honest for an undisclosed sum.