Bain Capital Asia
Q&A: Bain's Jonathan Zhu on Skylark and beyond
Jonathan Zhu, managing director of Bain Capital Asia, discusses the Skylark buyout, access to leverage, corporate governance in China and India, and the forthcoming Asia II fund
Archer sues UK's Sage Group over MYOB deal
Archer Capital has filed an A$130 million ($133 million) suit against British software company Sage Group for damages related to its decision to end acquisition talks for Australian software maker MYOB.
Blackstone, Bain in bid for India's Future Capital Holdings
The Blackstone Group and Bain Capital have been identified as potential acquirers of a stake in India's Future Capital Holdings (FCH), the financial services unit of the Future Group.
Connaughton: Foreign GPs must differentiate to compete with locals in Asia
Foreign GPs seeking investment opportunities in Asia need to differentiate themselves in order to compete with local funds, according to John Connaughton, managing director of Bain Capital.
Quotes from the AVCJ Investment Summit
A selection of notable remarks from the second day of the AVCJ Investment Summit on Thursday.
PE firms close in on Yahoo acquisition
Several prospective buyers of Yahoo have signed confidentiality agreements in order to get a closer look at the company’s finances.
Asia fundraising – more than just a renminbi story
The last few years have not been good for most Asian private equity fundraisers. The global financial crisis made the usual institutional investors shied away from the asset class, forcing funds already in the market to scale back their targets slightly....
Bain, TPG told to give Lilliput founder first refusal on shares
The Delhi High Court has forbidden Bain Capital and TPG Capital from selling their shares in Lilliput Kidswear without first offering them to Sanjeev Narula, the company’s founder.
Skylark exit helps consign buyout boom to history
With Skylark sold and Yayoi likely to follow it, Japan’s megadeals of 2006-2008 are finally being dismantled and the – relatively meager – profits returned to investors
KKR seeks $6b for second Asia buyout fund
KKR is targeting $6 billion for its second Asia buyout fund, coming as a host of global private equity firms prepare new regional vehicles.
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....
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.
Accountants to be investigated over Lilliput allegations
India’s Ministry of Corporate Affairs is investigating the role of Ernst & Young (E&Y) and its member firms in the alleged accounting problems at Lilliput Kidswear. It wants to establish if there was any conflict of interest.
Asia buyouts struggle as banks clamp down on lending
Buyout deals in Asia are becoming more difficult as banks hold back on lending. Rising capital costs have made lenders wary of the risks tied to mispricing a loan, leaving private equity firms to increase the cash portion of buyouts.
Bain set to acquire Japan's Skylark for $3.4b
Bain Capital is finally set to acquire Japanese restaurant chain operator Skylark from Nomura Holdings for approximately JPY260 billion ($3.4 billion) including debt, after more than six months of delays.
Bain gets $1.1b recapitalization loan for Japan's Bellsystem24
Bain Capital has completed a JPY87.5 billion ($1.1 billion) recapitalization for portfolio company Bellsystem24, a telemarketing firm specializing in call centers, according to Basis Point.
Dysentery delays Bain's buyout of restaurant chain Skylark
Bain Capital’s acquisitions of Japanese restaurant chain Skylark from Nomura Principal Finance has been put on hold after an outbreak of dysentery led to the closure of 120 outlets in late August.
US court widens collusion probe of 2005-2007 mega deals
The mega “club deals” between some of the big global buyout firms during the 2005-2007 boom period have been put under wider scrutiny in a US antitrust lawsuit. The four-year-old case accuses 11 firms, including Blackstone Group and KKR, of colluding...
Bain denies talk of potential Gome exit
Bain Capital has said it plans to remain a long-term investor in Gome Electrical Appliances Holding, scotching reports in August that it had appointed a bank to arrange the sale of its shares. Bain owns 10% of the company, having invested $420 million...
Private equity's fashion fix
Fashionable women the world over aspire to own something – a handbag, a coat, a pair of leather pumps – by a designer of such legacy and prestige as Valentino. But in May 2007, global private equity investor Permira pulled the ultimate one-upmanship:...
Bain buys MYOB as markets sink Sage bid
Recent turbulence in the global markets did private equity a favor last week as Bain Capital emerged as the unlikely victor in the auction for Australian accounting software firm MYOB. Bain and KKR had for several weeks been regarded as the frontrunners...
Gome reports 30% rise in net profit, targets growth in lower-tier cities
Bain-backed Gome Electrical Appliances has reported a more than 30% rise in net profit for the first half of 2011, attributed to the launch of 131 new outlets in second-tier cities. The company wants to add 260 stores by the end of the year.
Indian ethnic fashion retailer seeks private equity investment
Wolfensohn Capital Partners is going to sell its 8% stake in ethnic fashion retailer Fabindia. The exit comes as Fabindia looks to raise around INR2 billion from new investors.