Industrials
KDB digs into Kumho
South Korea’s state-owned Korean Development Bank (KDB), will take a 50 % plus 1 share stake in Daewoo Engineering and Construction Co., for KRW2.9 trillion ($2.5 billion) through its private equity fund, under the workout program for the distressed...
Leverage India Fund got 2.1x from JBF
Leverage India Fund (LIF), a $153.5 million private equity fund managed by IL&FS Investment Managers Limited, has fully exited its holdings in JBF Industries Ltd, which claims to be India’s leading manufacture of polyester-based yarns and related materials....
Abraaj, Waha catch Minnow
Middle Eastern private equity leader Abraaj Capital, in partnership with Abu Dhabi’s Waha Capital, has 100% acquired local offshore petrochemicals support contractor Minnow Marine Projects Ltd. through Singapore’s Stanford Asia, a division of their joint...
Ripplewood in running for Daweoo Electronics
Ripplewood Holdings has been reportedly shortlisted as one of the five potential buyers for the assets of Daewoo Electronics, a division of the collapsed Daewoo Group.
Kotak, Mahindra invest Oz aerospace
Indian private equity player Kotak Private Equity Group, in partnership with local conglomerate Mahindra & Mahindra Ltd. through its recently-formed Mahindra Aerospace Pvt Ltd. unit, has taken majority stakes in two Australian aerospace businesses: parts...
No luck for TPG/AA JAL offer?
Japan Airlines Corp. (JAL) and Japan’s Enterprise Turnaround Initiative Corporation (ETIC) reportedly decided to pick Delta Air Lines Inc. as the capital alliance partner for the struggling airline, rejecting a $1.1 billion support proposal from American...
Japan's niche businesses for changing times
Japan's more unusual businesses offer interesting investment possibilities.
Daiwa, Wilbur Ross to exit Nikko Electric to PRC
Daiwa Securities SMBC Principal Investment Co. and an investment fund run by American investor Wilbur Ross are reportedly planning to sell their 79.1% stake in unlisted Nikko Electric Industry Co., a Japanese manufacturer of auto parts and accessories,...
Hony sells Lenovo Mobile
PRC-focused buyout firm Hony Capital will realize 2x the original investment it made in 2008 for the acquisition of Lenovo Mobile Communication Technology Ltd from its original parent and cornerstone investor Lenovo Group.
Hony sells Lenovo Mobile
PRC-focused buyout firm Hony Capital will realize 2x the original investment it made in 2008 for the acquisition of Lenovo Mobile Communication Technology Ltd from its original parent and cornerstone investor Lenovo Group.
MBK can drive your car – maybe
An MBK Partners-led consortium may be on the point of picking up a highly attractive car leasing business from Korean chaebol Kumho Asiana Group, in a perhaps unlikely alliance with the country’s second largest mobile carrier, Korea Telecom (KT).
CHAMP Ventures invests TSMarine
In the latest in a series of Southeast Asian oil and gas offshore servicing deals, CHAMP Ventures, the specialist mid-market arm of Australia’s CHAMP group, has acquired the Asia Pacific businesses of financially distressed Scottish parent TSMarine (Contracting)...