Sectors

Anchorage exits NZ Burger King to Blackstone

It's a good time to be targeting turnarounds in Australasia. Private equity firms, hedge funds and investment banks are pursuing a host of opportunities in the consumer segment where companies have been hit hard by the seize-up in spending that followed...

Affinity buys Australian meats producer

Affinity Equity Partners has ramped up its consumer portfolio in Australia through a 70% stake acquisition in top deli meats producer Primo Smallgoods, for a price that values the company at A$740 million ($758 million).

Asian infrastructure: Building blocks
Asian infrastructure: Building blocks

There is no denying the potential for infrastructure investment in Asia. Although the policies and structures governing private equity involvement are improving, it remains difficult terrain.

Saab ends investment agreement with Chinese firms

Swedish Automobile has terminated an agreement to sell a majority stake in Saab to two Chinese companies, leaving the carmaker reliant on a $70 million commitment from US private equity firm North Street Capital to cover its immediate expenses.

KPCB leads Series B round for China's Moment Systems

Kleiner Perkins Caufield & Byers (KPCB) has led a $20 million Series B round of financing for Chinese third-party digital marketing measurement company Moment Systems. China Broadband Capital, Redpoint Ventures and WPP Digital also participated.

MBK's CNS exit may be stalled - report

MBK Partners’ exit from Taiwanese media group China Network Systems (CNS) may again face delays, as regulators have called into question Want Want China Holdings’ intentions for the asset.

PE firms lose out in bid for Samsung's procurement arm

Online shopping mall operator Interpark has been named the preferred bidder for Samsung Group’s procurement arm iMarketKorea, beating private equity bidders including KKR and MBK Partners. The Interpark was previously said to be leading a consortium of...

CIC joins Blackstone in RBS commercial real estate deal

China Investment Corp. (CIC) has agreed to take a stake in Royal Bank of Scotland’s $1.4 billion commercial real estate portfolio alongside The Blackstone Group. They will each take a 12.5% stake in the portfolio, worth a combined $100 million, with the...

Abraaj Capital targets Southeast Asian natural resources

Abraaj Capital plans to invest part of its latest $2 billion fund in Southeast Asian natural resources, with a particular focus on copper and tin mines in Indonesia as well as ancillary services tied to mining or agriculture.

  • MENA
Lilliput seeks out-of-court settlement with Bain, TPG

Lilliput Kidswear is seeking an out-of-court settlement with investors Bain Capital and TPG Capital, having taken legal action earlier this month to prevent the private equity firms from exiting the company in response to a corporate governance scandal....

Blackstone targets $3b global energy fund

The Blackstone Group aims to raise up to $3 billion for its first energy fund, according to people familiar with the situation. Tony James, the private equity firm’s president, said in an earnings call that initial commitments stand at $1 billion.

Advantage, Bain, Olympus in second-round bidding for Yayoi

Advantage Partners, Bain Capital and Olympus Capital have reportedly advanced into the second round of bidding for MBK Partners-owned Japanese accounting software developer Yayoi, which is expected to be one of the biggest sales in the market this year....

Bain acquires Japan's Skylark for $2.1b in equity

Bain Capital has officially acquired 100% of Japanese restaurant chain Skylark from Nomura Principal Finance for an equity value of JPY160 billion ($2.1 billion). It is the largest buyout in Japan since the onset of the global financial crisis.

Delhi overshawdows Bangalore as startup hub

Delhi has overtaken Bangalore as India’s hub for technology startups, with at least 220 companies launched in Delhi over the past three years compared to 159 in Bangalore, new research finds.

GVK to divest 26% stake in airport arm to PE for $600m

GVK Power & Infrastructure is looking to divest an approximate 26% stake in its airport subsidiary GVK Airport Developers – the largest stakeholder in the Mumbai and Bangalore airports. The company is in talks with four private equity suitors over the...

Hana denies asking Lone Start to cut KEB sale price

Hana Financial Group has denied reports that it had asked Lone Star to cut the $4.16 billion acquisition price for Korea Exchange Bank (KEB) by one fifth. It was claimed that the US private equity firm responded by threatening to walk away from the deal...

Reliance Capital backs Indian personal care products firm

Reliance Capital’s private equity arm has invested INR1.36 billion in VVF, an Indian manufacturer of personal care products. The transaction, structured as a combination of equity shares and convertible debentures, will see the private equity firm take...