Region
Carlyle hires UBS banker to open Indonesia office – report
The Carlyle Group plans to become the first global buyout firm to open an Indonesia office and has hired a banker from UBS to lead its efforts in a country that has so proved difficult to navigate for many larger PE players. Carlyle completed its first...
SBI in Series B round for Australia's Panviva
A joint venture fund run by Japan's SBI Group and US-based Jefferies Group will provide A$4 million ($4.2 million) in Series B funding to Australian business software provider Panviva.
Son of ex-China politburo member raises PE fund
The son of He Guoqiang, until last year the member of China's politburo standing committee responsible for policing corruption in government, has established a private equity firm called Nepoch Capital.
Advent International opens China office
Advent International has opened its first China office in Shanghai. Advent China will work on local investments the PE firm's core sectors of chemicals, healthcare, retail, consumer and leisure.
Kuwait-based Asiya launches Hong Kong operation
Kuwait’s Asiya Investments has opened a Hong Kong office, only its third service center globally, in response to rising demand from Arab investors for exposure to Asia.
Sycamore proceeds on Billabong buyout with knockdown $300m offer
A consortium supported by US-based Sycamore Partners will enter exclusive negotiations to buy Australian surfwear company Billabong, but any deal will be priced at a substantial discount to the original offer tabled last December.
KKR to pay $500m for Warburg Alliance Tire stake – report
KKR has reportedly agreed to pay about $500 million for Warburg Pincus’ stake in Indian tire manufacturer Alliance Tire Group.
India's Tata Consultancy Services buys PE-owned French IT firm
Two French private equity firms have exited IT services provider Alti to Tata Consultancy Services (TCS) for EUR75 million ($98 million) in cash as the Indian business outsourcing company seeks to broaden its footprint in Europe.
Q&A: Vogo Investment's Jason Shin
Jason Shin, managing partner of Vogo Investment, explains why South Korean company owners’ preference for local partners goes well beyond foreign private equity’s well publicized scrapes
A multi-faceted market
Of readers who have been following Asia’s private equity markets for some years, few would contest South Korea’s place as one of the more important locations for international investors. After all, apart from maybe Australia, it has been the region’s...
Korea buyouts: Young pretender?
South Korea was the only significant PE market in Asia to see an uptick in deal flow last year. Investors have high expectations; uncertainty among local conglomerates – and local GPs – could make or break them
Chaebol cross-shareholding: David and Goliath
Removing cross-shareholding structures that hold Korea’s conglomerates together, and arguably suffocate competition, is key to economic democratization. But will it happen and what would it mean for PE?
KKR appoints turnaround specialist as Japan CEO
KKR has hired Hirofumi Hirano, who led the AlixPartners team that advised on the turnaround of Japan Airlines, as managing director and CEO for its Japan operations. Current CEO Shusaku Minoda has been promoted to chairman.
Strained relations: Foreign PE and financial services
Global buyout firms have seen less deal flow in South Korea in recent years, with financial services sector activity a shadow of its former self. This doesn’t necessarily mean they are unwelcome
Unitas sees 3x return on Australia auto parts turnaround
Unitas Capital has secured a 3.3x return on its investment in Australian car parts supplier Exego, after selling the business to US-based Genuine Parts in two tranches worth a combined $950 million, including debt. The private equity firm was unable to...
NSSF assets tipped to reach $806b by 2020
China's National Council for Social Security Fund (NSSF) will see its assets swell to as much as RMB5 trillion ($806 billion) by 2020, driven by contributions from state-owned enterprises (SOEs), according to the fund's former chairman.
CBC provides Series C round for China's Miaozhen
China Broadband Capital (CBC) has led a Series C round of funding worth $10 million for Chinese big data specialist Miaozhen Systems.
Capital Dynamics forms alliance with RMB fund-of-funds Diligence Capital
Capital Dynamics has partnered with China-focused fund-of-funds manager Diligence Capital in a bid to expand its geographic footprint in the world’s second-largest economy
Lunar Capital boosts operating partner team
Lunar Capital has appointed Eric Yiming, a long-serving China and Asia executive with Sampoerna Tobacco Group, Heineken and Tropicana, as a sector partner. Yiming will focus on the food, beverage and fast-moving consumer goods industries, and although...
3SBio shareholder opposes CITIC PE-backed take-private
One of the largest shareholders of Chinese biotechnology firm 3SBio plans to oppose a take-private bid tabled by CEO Jing Lou and CITIC Private Equity that values the company at $340 million.
India's Zephyr Peacock reaches second close on Fund III
India-focused GP Zephyr Peacock has reached a second close of $70 million on its third fund. The vehicle, which launched in November 2011, has a final target of $150 million. A first close of $50 million came one year ago.
CDIB Capital backs duty-free operator Flemingo International
CDIB Capital has invested $19.9 million in Dubai-based travel retail operator Flemingo International.
Carlyle passes $1b mark on fourth Asia buyout fund
The Carlyle Group has raised more than $1 billion for its fourth Asia buyout fund, having reached a first close of $700 million last December, according to sources familiar with the situation. The private equity firm is targeting a final close of $3.5...
India's Satin Creditcare raises new VC funding, Lok Capital exits
Satin Creditcare Network, a New Delhi-based microfinance institution (MFI) has raised INR410 million ($7.49 million) from three venture capital firms’ three funds. The transaction facilitates the exit of Lok Capital, an early investor in the company....