Affinity Equity Partners
MBK, Affinity runs for Korea Woongjin Coway stake – report
MBK Partners and Affinity Equity Partners are among the potential bidders for a minority stake in Korean water purifier company Woongjin Coway.
Australia Music Group gets private equity lifeline
Revere Capital has injected funding into Australia Music Group (AMG) as part of internal restructuring efforts. Like many retailers in Australia, the company is struggling during a period of poor consumer sentiment.
PE bets on Asia’s growing food demand
Food assets – notably fresh produce – are increasingly attractive to private equity firms as they potential trade sale exits to Asian corporates looking to satisfy rising domestic demand
South Korea’s Hi-Mart attracts interest from Tesco – report
Hi-Mart, the South Korean electronics retailer that Affinity Equity Partners exited in 2008, is about to change hands once again, with UK retailer Tesco tipped to bid for the asset. Several South Korean retailers are also said to be interested, as are...
PE financing: Lagging leverage
Spooked by wider economic issues, European banks are pulling back from the leveraged buyout market. This presents a further challenge to private equity firms already adjusting to tighter financing conditions
Trade Sale of the Year – Beijing Leader & Harvest
Conventional wisdom states that foreign private equity firms will struggle to do buyouts in China. If an owner is willing to sell – and few private entrepreneurs are, while anything with state ties is off limits – the regulators might not be willing...
Carlyle poaches Affinity MD to head up Korea operations
The Carlyle Group has appointed Sanghyun Lee as managing director with responsibility for the private equity firm’s South Korean investment activities. Lee joints from Affinity Equity Partners, where he also served as Korea-focused managing director....
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).
Affinity picks up 70% stake in Australia’s Primo Smallgoods
Affinity Equity Partners has finalized its acquisition of Australian meat products firm Primo Smallgoods in a deal that values the company at A$740 million ($758 million). Previous reports suggested that the valuation was at least A$900 million.
Affinity completes acquisiton of Primo Smallgoods
Affinity Equity Partners has officially acquired Australian deli meats producer Primo Smallgoods with the help of A$580 million ($563 million) in financing, sources told Reuters.
Colorado Group gets back on its feet
Is there life after receivership? The owners of Colorado Group are banking on it, and have injected A$70 million ($68.7 million) to resurrect the retail brand in the hopes of finding longevity the second time around.
Affinity-backed Colorado Group emerges from receivership
Colorado Group, the Affinity-backed clothing retailer taken into receivership earlier this year, is set to emerge from administration under the name Fusion Retail Brands.
Affinity in negotiations over Primo Smallgoods
Affinity Equity Partners is reportedly in exclusive negotiations for a controlling stake in Australian meat producer Primo Smallgoods in a deal that could value the company at up to $1 billion.
You’re only as strong as your brand name
I was surorised by the number of LPs at the recent AVCJ Private Equity & Venture Forum in the US that were familiar with the top tier private equity funds in Asia.
Trinity Capital sells stake in Indian property project back to Keystone
Trinity Capital has sold its 16% stake in Kapstone Constructions, a subsidiary of Mumbai-based developer Keystone Realtors, back to the parent company for about £12.6million ($20.2million). The sale comes five years after the UK-based real estate fund...
Affinity hires Singaporean banker to head up portfolio management
Affinity Equity Partners has hired the former head of investment banking at Singapore’s United Overseas Bank to lead its portfolio management division.
Affinity makes final bid for Australian meats firm
Affinity Equity Partners has submitted a final bid for a controlling stake in Primo Smallgoods, a source close to the deal has told AVCJ. Earlier reports suggesting that the bid for the Australian meat products company amounts to A$580 million ($622 million)...
TPG, Affinity seek IPO exit from Singapore's UTAC
TPG Capital and Affinity Equity Partners are targeting a $400 million IPO for United Test Assembly Center (UTAC), a Singaporean firm that tests and assembles semiconductors. It is likely to be the largest listing in Singapore this year aside from business...
Make space in your diary...
I am pleased to announce the official launch of our AVCJ Asian Private Equity & Venture Forum 2011 and this year’s conference rocks. I am obviously biased but our roster of speakers simply speaks for itself.
Affinity Equity Partners, Unitas Capital exit Chinese drive manufacturer
Affinity Equity Partners and Unitas Capital have exited Leader & Harvest Technologies Holdings, a Chinese manufacturer of medium voltage drives, through a $650 million sale to Schneider Electric. The private equity firms are leaving with a 3x return on...
Affinity, Unitas launch second round of Beijing Leader auction
Affinity Equity Partners and Unitas Capital have advanced ABB and Schneider Electric to the second round of the auction process for portfolio firm Beijing Leader & Harvest Technologies. The PE firms are aiming to raise as much as $700 million, Reuters...
Counting on cleantech
Private equity dollars have flooded into China’s renewable energy sector, but should investors hedge their bets?
Korean PE goes full circle
While fundraising efforts and investment and private equity activity have been subdued for some time, exit-focused activity is very much on the boil
Second Oz retailer heads into receivership
Australian clothing and footwear retailer Colorado Group, controlled by Affinity Equity Partners, has been taken into receivership, marking the second Australian big-name PE-backed brand, after Pacific Equity Partners’ REDgroup Retail, to go down the...