Bain Capital Asia
Carlyle, Everstone join race for Thomas Cook India - report
The Carlyle Group, Everstone Capital, TA Associates and Bravia Capital have joined the likes of KKR and Actis in competing for Thomas Cook India.
Lilliput founder says L Capital has submitted bid
Lilliput Kidswear’s founder and managing director claims to have received an offer for the struggling business from L Capital, the private equity arm of luxury goods giant LVMH. A sale would facilitate the exit of Bain Capital and TPG Capital.
PEP wants investment partner for Link – report
Pacific Equity Partners (PEP) is reportedly looking to raise additional capital for portfolio company Link Group, which is valued at some A$1.4 billion ($1.48 billion).
Avigo-backed Spykar on the block
Avigo Capital Partners has put Spykar Lifestyle up for sale. The private equity firm, which targets investments in small- and medium-sized enterprises, acquired a 60% stake in the Indian apparel chain less than a year ago.
Premji invests $25m in Fabindia
Premji Invest, the $1 billion private equity vehicle backed by Wipro Group chairman Azim Premji, has invested INR1-1.25 billion ($20-25 million) for a 7% stake in Indian fashion company Fabindia.
Narula to sell Lilliput, allowing Bain and TPG to exit
Lilliput, the kidswear brand that has been embroiled in bitter fight with shareholders Bain Capital and TPG Capital, plans to sell off its brands and retail business.
MBK's CNS exit stalled for third time
MBK Partners’ exit from Taiwanese media group China Network Systems (CNS) may again face delays, as regulators have asked the buyer to provide more information about intentions for the asset.
Thomas Cook plans to sell its Indian arm
Thomas Cook has initiated a process to sell its 77% stake in Thomas Cook India, a transaction intended to bring down its debt up to GBP890 million ($1.4 billion). Several Private equity investors are said to be potential suitors.
TPG, Bain in talks to invest $50m in Parag Milk - sources
TPG Capital India and Bain Capital are said to be in advanced talks with India’s Parag Milk Foods about purchasing $50 million worth of shares in the dairy products manufacturer.
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
Bain, Unitas consider $400m Prestolite SBO
Bain Capital and Unitas Capital are said to have submitted second round bids to purchase China-focused motor manufacturer Prestolite Electric from First Atlantic for around $400 million.
Advantage, Japan's Orix abandon Yayoi buyout - sources
Advantage Partners and Japan’s Orix Corp. have reportedly dropped out of the running for software developer Yayoi, which was put on the block by MBK Partners last year.
PE-backed buyouts of US-listed Chinese firms set to continue
Private equity-backed management buyouts of US-listed Chinese companies are expected to continue in 2012 despite recent pullbacks in the Hong Kong and mainland markets eroding the potential valuation arbitrage. With the announcement of dedicated privatization...
India Awards: PE Deal of the Year – Hero Honda Motors
India sees few big-ticket private equity deals outside the infrastructure space. Securing a stake in a leading player in the automotive sector is even rarer. Bain Capital is therefore all too aware that its investment in Hero Honda Motors in March isn’t...
Yahoo unhappy with bids for its US, Asia businesses
Yahoo is unhappy with the with the low premium being offered by private equity firms looking to invest in the company as well as the discounts proposed by prospective buyers of its Asian subsidiaries, which may stall any deal.
Indian PE deal values reach $7.7b in 2011
India private equity transactions experienced a 24% increase in value and volume this year, with 347 deals valued at a total of $7.7 billion reported during the period.
Alibaba seeks $4b loan to support Yahoo buyback
Alibaba Group has approached lenders about financing part of the company’s buyback of a 40% stake currently held by Yahoo. The Chinese e-commerce firm is seeking a $4 billion loan to support the purchase.
Bain-, TPG-backed Lilliput to raise capital
The promoter of Lilliput Kidswear and the company’s investors, Bain Capital and TPG, have reportedly agreed to raise up to INR5 billion ($97.4 million) through a private placement for the children's clothing retailer, signaling that the parties’ months’...
Bain, TPG, TA circle VC-backed Trivitron
Bain Capital, TPG and TA Associates are reportedly weighing up the possibility of investing for a 10-12% stake in Indian medical device provider Trivitron Healthcare.
Actis, Nexus and ChrysCapital's Dhawan win at AVCJ India awards - Update
Ashish Dhawan, the founder and senior managing director of ChrysCapital Investment Advisors who is transitioning out of his role to devote more time to philanthropy, won the AVCJ Special Achievement Award at the AVCJ Indian Private Equity and Venture...
Blackstone, Bain eye Yahoo bid
Blackstone and Bain Capital are reportedly nearing a bid to buy the whole of Yahoo that could value the company at more than $20 a share. Yahoo’s associates in China and Japan, Alibaba Group and Softbank Corp., may support the private equity consortium...
Bain sells offs Chinese chemical companies
With Bain Capital poised to announce a first close on its second Asia fund, the private equity firm has secured the first full exit from an investment made through its debut regional vehicle. The sale of Hipro Polymers and Casda Biomaterials to French...
Bain sells JV interest in two Chinese chemicals companies
Bain Capital has exited its stake in Chinese companies Hipro Polymers and Casda Biomaterials to Arkema, France’s leading chemicals producer. The acquisition, which puts an enterprise value of $365 million on both companies, is subject to Chinese regulatory...
Advantage, Bain among bidders in final round of Yayoi auction
Advantage Partners, Bain Capital and financial services firm Orix Corp. have reportedly advanced into the final round of bidding for MBK Partners-owned Japanese accounting software developer Yayoi, which is expected to be one of the biggest sales in the...