Bain Capital Asia
Bain could buy Skylark in Japan
US-private equity firm Bain Capital has emerged as a potential buyer of Skylark Co, a restaurant chain operator in Japan, from Nomura Principal Finance, the investment arm of Japanese securities group Nomura Holdings, which currently owns 78.6 % of the...
Bain preps for $2b Asia fund
Bain Capital is reportedly set to fundraise for its second Asia-focused fund - targeting $2 billion, or twice the corpus of its previous vehicle raised in 2007 – and further looks to provide a new range of options for its fund investors.
Bain-backed Gome loses Chairman Chen
The chairman of Bain Capital’s embattled investee Gome Electrical Appliances, Xiao Chen, has relinquished his role at the company, coming months after the Gome’s imprisoned founder Guangyu Huang first tried to oust Chen in favor of Huang’s sister.
Bain, GIC assist in Hero Honda buyout
Months after negotiations began between Japan’s Honda Group and India’s Hero Group to enact a strategy for Honda to exit the Hero Honda JV, Hero Group has officially bought out Honda’s 26% stake in the company, with private equity players Bain Capital...
Bright Food on Yoplait's shortlist - reports
The hard-fraught competition to acquire a 50% stake in PE-backed Yoplait is reportedly nearing a close, with Chinese food brand Bright Food Group Co. said to remain a contender for the acquisition, competing against the likes of global food giants Nestle...
Dunkin' Donuts brings its coffee into India
Private equity-backed Dunkin' Donuts – the self-proclaimed “favorite every day, all-day stop for coffee and baked goods” in the US – is to expand into India via a franchise partnership with food chain operator Jubilant Foodworks.
Chinese food groups are outdoing PE in industry M&A
Formidable Chinese corporations have garnered attention for their rising status and robust earning potential, but major players have largely been slow to acquire global brands, much less act as rivals to global PE firms in target acquisitions. That may...
Bright Food, PE may eat yogurt with Yoplait
Shanghai-based Bright Food Group Co. has entered a bid to buy 50% of French food giant Yoplait, backed by Europe-focused PE firm PAI Partners. The transaction would value the company at approximately $2.3 billion – the highest of nine bids that have so...
Bain, GIC poised to take stake in India's Hero Honda
Bain Capital and the Government of Singapore Investment Corporation (GIC) are reportedly nearing a deal with Hero Honda’s promoters, the Munjal family, to buy an up-to 12% minority stake in the motorcycle company. According to local and global reports,...
Advantage Partners portfolio company sells Red Lobster
REINS International Inc., a food chain operator in Tokyo fully owned by Rex Holdings, has sold 100% stake in Red Lobster Japan Co., Ltd., to CELUX Inc., a food business producer and food chain operator based in , Japan.
PE majors gear up for Seijo Ishii bid
Seijo Ishii Ltd, the Japanese upmarket superstore chain operator indirectly owned by Advantage Partners, has been approached by a host of private equity funds and investors including Bain Capital and CVC Capital Partners, as well as financial/ leasing...
Warburg Pincus QuEST Global deal confirmed for bigger ticket size
Warburg Pincus has invested $75 million in Singapore-headquartered engineering outsourcing services firmm QuEST Global, higher than the $60 million originally forecast, according to a joint announcement.
Value add
The fundamentals behind the private equity model imply that, by injecting capital in a company in return for an equity stake, the firm is able to change, alter, tinker and build a stronger, more profitable company.
CVC-controlled Samsonite considers IPO in Hong Kong
Private equity-backed Samsonite, the famous Luxembourg-based luggage maker, is reportedly considering an initial public offering in Hong Kong, aiming to raise $1 billion to achieve liquidity for its owner, CVC Capital Partners.
India private equity: taking up the challenge
With the immediate GFC fast receding, India continues to enjoy on-target GDP growth of around 8.5%, according to the Ministry of Finance.
Kirkland & Ellis partner Debolt relocates to Hong Kong for private equity
Global law firm Kirkland & Ellis International has relocated PE-focused Partner Michel Debolt from London to Hong Kong to bolster its private equity practice in Asia.
Picking the winners
“Active management works,” was the resounding message of the keynote address given by Steven Barnes, MD of Bain Capital at the AVCJ Forum.
GOME reaches understanding with Huang
The board of Bain Capital investee GOME Electrical Appliances Holdings Limited has announced an MOU with Shinning Crown Holdings, its largest shareholder group representing interests allied to jailed founder Huang Guangyu, whereby two new directors, including...
MBK lands 2010's biggest exit with CNS
In October 2006, the month when Partners was labeled the frontrunner to buy 60% of Taiwanese cable giant China Network Systems (CNS) for $1.6 billion, the firm was dubbed ‘fledgling’ by one global financial publication.
Asian funds: arithmetic or geometry?
Private equity has been forced to deal with rising levels of skepticism and caution post the GFC, with much of it reserved for leading industry brand names – generally the major buyout vehicles.
Warburg Pincus set to take stake in Quest Global, outbidding rival funds
Warburg Pincus is reportedly set to make a $60 million investment in aeroengineering and manufacturing consultancy Quest Global, coming one month after the PE industry’s biggest names entered the arena to take a stake in Quest.
MBK exits CNS to Want Want in 2010's biggest Asia result
MBK Partners has completed its exit from Taiwanese cable investee China Network Systems (CNS), selling its 60% stake to the head of local conglomerate Want Want China Holdings for $2.4 billion in 2010's largest Asian private equity exit, and nixing expectations...
Bain completes Mr. China ASIMCO deal
Bain Capital has announced the completion of its acquisition of ASIMCO Technologies Ltd., the Beijing-headquartered auto parts company made famous by the book ‘Mr. China,’ from Key Principal Partners and other investors in the business.
Imprisoned founder of Bain-backed GOME fails to eject CEO
Jailed founder of GOME Electrical Appliances Holdings Ltd., Huang Guangyu, failed to receive investor support to both oust GOME's current chairman, Chen Xiao, and bring his sister and lawyer on as directors, thwarting his attempt to regain status in the...