Sectors

CHAMP in $192m take-private bid for Gerard Lighting

CHAMP Private Equity has launched a A$186 million ($192 million) takeover bid for Australian light fittings distributor Gerard Lighting Group. The bid has won unanimous approval from Gerard’s board and the Gerard family, which has a 52% stake, has said...

Potential PE target Ingham Chicken goes on the block

Ingham Enterprises, Australia’s largest poultry producer, has put itself up for sale, alerting potential private equity bidders. Sole shareholder Bob Ingham he had decided to exit “after long and careful consideration.” Investec has been appointed to...

KKR-backed Seven West launches $450m share issue

KKR investee Seven West Media plans to raise approximately A$440 million ($450 million) through the sale of new shares in order to reduce debt levels. The Australian company, which owns the Seven free-to-air network, the country’s second-largest magazine...

PE-backed Whitehaven Coal receives $5.5b takeover bid

Private equity firms First Reserve and Farallon Capital have reportedly expressed their support for a A$5.3 billion ($5.46 billion) takeover bid for their portfolio company Whitehaven Coal. Coal magnate Nathan Tinkler last Friday offered A$5.20 per share...

Navis exits India call center business via trade sale

Navis Capital Partners has sold its majority stake in Andromeda Sales and Distribution, an Indian financial services distributor, to Casa Capital Management. It is the Malaysia-based private equity firm’s fourth exit in six months.

Goldman, CDH-backed Himin Solar terminates IPO plan

Himin Solar, a Chinese solar water heater company backed by CDH Investments and Goldman Sachs, has suspended plans to list in Shanghai amid speculation about involvement in a corruption scandal that has already seen the removal of a leading politician...

IHH raises $2b from IPO, Abraaj Capital exits

IHH Healthcare, the hospital operator owned by Malaysian sovereign wealth fund Khazanah Nasional, has raised MYR6.3 billion ($2 billion) from its IPO after pricing the offering near the top of the indicative range. Abraaj Capital fully exited its holding...

Blackstone to support ex-AIA CEO's ING Asia bid – report

The Blackstone Group has reportedly agreed to support Mark Wilson, former chief of AIA Group, in his bid for ING’s Asia insurance unit. The sale is expected to generate around $7 billion, with Wilson’s consortium targeting ING’s Southeast Asian business,...

GSR Ventures leads $84m round in Protean Electric

GSR Ventures has led an $84 million funding round in US-based Protean Electric, a developer of in-wheel electric drive systems. The capital will be used to set up manufacturing facilities in Liyang, Jiangsu province, bringing Protean's electric drive...

HAPE clinches $12m FastTrack buyout

Harbert Australia Private Equity (HAPE), a unit of America’s Harbert Management Corp (HMC), has acquired a majority stake in recruitment and payroll software provider FastTrack.

Southeast Asia's renewables: Ignored no more?

Aggressive government targets have drawn private equity and venture capital firms into Southeast Asia’s renewable energy. But success and sustainability depend on more than just government subsidies.

TPG buys China packaging firm HCP for $600m - report

TPG Capital has reportedly acquired Chinese packaging company HCP Holdings for around $600 million through a leveraged buyout. The news comes after an earlier attempt by Morgan Stanley's Asia private equity arm to purchase 80% of the company for around...

Southern Capital backs Malaysia's Adventa in $100m MBO

Singapore-based Mulberry Asia Fund II, a private equity fund managed by Southern Capital Group, has acquired medical products manufacturer Adventa alongside its present managing director Low Chin Guan. The deal is valued at MYR320.85 million ($100 million)....