Sectors

Billabong director explores buyout options

Billabong shares spiked 17% during Monday morning trading in response to the Australian surfwear company announcing that one of its directors was looking at a possible leveraged buyout. TPG Capital and Bain Capital both submitted bids of A$694 million...

Carlyle, Seven Group plan Coates Hire sale

The Carlyle Group and Australia's Seven Group are planning to sell their stakes in Australian equipment rental company Coates Hire. The news comes after the pair failed to proceed with an A$800 million ($831 million) IPO of the company earlier this year.

Permira cashes out of Galaxy at 2.8x

Thanks in no small part to the Chinese passion for gambling, Macau has emerged as the casino capital of the world in recent years, with takings six times those of Las Vegas. Permira has successfully ridden this wave, securing a 2.8x money multiple on...

China’s Hina to launch vineyard fund

It was always just a matter of time before dedicated wine investment funds emerged to target China’s wealthy oenophiles. Wine is increasingly popular among the fashionable classes and the country recently surpassed the UK to become the world’s fifth-largest...

Carlyle to list Chimney in December

The Carlyle Group is to sell part of its stake in Japanese restaurant chain operator Chimney through an IPO in December, its third attempt to list a Japanese asset this year.

MBK’s Coway deal revived after court approval

MBK Partners’s acquisition of a significant minority stake in water purifier manufacturer Woongjin Coway appears to be back on track after a South Korean court approved the KRW1.2 trillion ($1.1 billion) deal. The deal was put on hold last month after...

Fosun bids for Greek gambling monopoly OPAP

Fosun has expressed interest in buying a 33% stake in Greek gambling monopoly Hellenic Football Prognostics Organization (OPAP), the country's privatization agency Hellenic Republic Asset Development Fund (HRADF) said on Saturday.

India mobile payment firm raises Series A round

Mobile payments company Ezetap Mobile Solution has raised a Series A round of funding from Silicon Valley-based venture capital firm Social+Capital Partnership, PayPal’s Peter Thiel and David Sacks of Microsoft, among others. Existing investor AngelPrime...

Phoenix Media to launch $300m fund

Phoenix Media is in the process of raising a $300 million private equity vehicle to invest in growth capital in Chinese media and culture companies. Hong Kong-listed broadcaster Phoenix TV is said to be one of the co-general partners of the fund.

Peepul Capital backs Indian lingerie brand

Peepul Capital has committed INR700 million ($12.8 million) to lingerie and sportswear start-up Brandis Manufacturing and Marketing. The Bangalore-based company will use the funds to expand production facilities and build out its brand.

KKR, Allegro pick up Australasian loan portfolio from BOS

KKR’s special situations business has teamed up with Australia’s Allegro Funds to acquire a portfolio of commercial loans from BOS International. The sale came after Lloyds International, BOS’ parent, conducted a review of its Australia and New...

environmental-esg
PE & PR: Sustainable alpha

Increasing numbers of PE firms are upping their commitment to environmental and social governance issues at future and existing portfolio companies. What’s their motive?

Q&A: Unitas Capital's John Lewis

John Lewis, chief investment officer at Unitas Capital, talks to AVCJ about the importance of reputation in Asia from fundraising through post-deal value-add to exiting portfolio companies to multinational buyers

  • GPs
Q&A: L Capital Asia's Ravi Thakran

L Capital Asia, a private equity firm sponsored by LVMH, the world’s largest luxury goods company, was set up in 2008 and closed its first fund in 2010. Managing Partner Ravi Thakran tells AVCJ what makes the firm different

  • GPs
CHAMP-backed oOh!Media targets more acquisitions

Australia’s outdoor advertising industry looks set for further consolidation as CHAMP Private Equity said portfolio company oOh!media is still on the acquisition trail after agreeing to buy Ten Network’s Eye Corp.

Permira exits Galaxy Entertainment for 2.8x return - update

Permira exited its remaining 5.9% stake in Hong Kong-listed Galaxy Entertainment Group for around $875 million on Wednesday. The series of divestments imply the private equity player generated a return of 2.8x on its initial investment five years ago,...