buyout
Primavera closes fourth China fund on $4bn
China-based private equity firm Primavera Capital Group closed its fourth US dollar-denominated fund in February on target at USD 4bn.
MBK buys Japan aged care business
MBK Partners has acquired Unimat Retirement Community (URC), a Japan-based company that primarily provides in-home and residential nursing care services.
PAG buys Japanese theme park for $722m
PAG has agreed to buy Huis Ten Bosch, a Japanese theme park best known for its recreations of idyllic European cityscapes, for an equity valuation of approximately JPY 100bn (USD 722m).
Singapore’s Fullerton tokenises PE fund-of-funds
Singapore’s Fullerton Fund Management has tokenised its latest private equity fund-of-funds, allowing for a minimum commitment size of USD 10,000.
Bain launches tender offer for Japan marketing business
Bain Capital has launched a tender offer for Japan-based television and direct marketing business Tri-Stage that values the company at approximately JPY 17.2bn (USD 137.3m).
Warburg Pincus buys majority stake in India's Imperial Auto
Warburg Pincus has acquired Imperial Auto Industries, one of India’s oldest automotive parts manufacturers, for an undisclosed sum.
MBK agrees $1b China theme park deal
MBK Partners has agreed to buy five ocean theme parks in China – four operational and one under construction – from Hong Kong-listed Haichang Ocean Park Holdings for RMB6.53 billion ($1.01 billion).
Profile: FCC Partners’ CY Huang
Moving from advisor to investor and back again, C.Y. Huang has carved a niche in Taiwan’s M&A and private equity world. But he remains conscious of the need to adapt and evolve
Korea's ACE Equity launches SPAC targeting IT infrastructure
Korean private equity firm ACE Equity Partners has taken another step in the development of its cross-border investment capabilities with the launch of a US-listed special purpose acquisition company (SPAC) to pursue IT infrastructure assets.
CITIC Capital targets OBOR deals with blank check company
CITIC Capital has launched a special purpose acquisition vehicle (SPAC) – or blank check company – on the New York Stock Exchange to pursue deals under its One Belt One Road (OBOR) strategy.
Australia’s CHAMP PE rebrands as CPE Capital
CHAMP Private Equity, which makes growth and buyout investments in middle-market companies across Australia and New Zealand, has been renamed CPE Capital.
Baring Asia buys 30% stake in India's NIIT Technologies
Baring Private Equity Asia has agreed to pay INR26.3 billion ($379 million) in cash for a 30% stake in India-listed IT services provider NIIT Technologies with plans to eventually take a majority position.
Morgan Stanley's Matsuyama joins Carlyle Japan
The Carlyle Group has named Tomofumi Matsuyama (pictured), a former executive at Morgan Stanley, as a managing director of its Japan buyout team.
GPs need industry networks to source China buyouts - AVCJ Forum
Private equity firms should establish deep connections within target industries if they are to take advantage of China's emerging buyout opportunity, industry participants told the AVCJ Forum.
Singapore's Pavilion commits $50m to education fund
Pavilion Capital, a private equity unit of Singapore’s Temasek Holdings, has agreed to invest $50 million in an education fund that will support various country-specific preschool acquisition programs.
CFCG launches $200m education sector fund
Hong Kong-listed education sector investor China First Capital Group (CFCG) has launched a $200 million fund that will establish and acquire preschools in China.
Cathay Capital to acquire German auto parts supplier
Cathay Capital Private Equity, a cross-border PE firm focusing on China, Europe and the US, has agreed to acquire a majority stake in German auto-parts maker E. Winkemann from Equistone Partners Europe.
CITIC Capital takes majority control of Harbin Pharmaceutical
CITIC Capital has increased its stake in Harbin Pharmaceutical Group to 60.86%, becoming the controlling shareholder of the Chinese state-backed business in which it has been an investor since 2005.
India platform building requires GP commitment – AVCJ Forum
Indian GPs are increasingly attracted to platform-building strategies for adding value to their portfolio companies, but PE investors attempting this approach must be prepared to commit enough time and resources to see it through.
Partners Group raises $7b for direct PE deals
Partners Group has achieved a close of EUR6 billion ($7 billion) on its latest direct private equity fund. It is the firm's largest fundraise to date.
KKR backs auto parts spin-out from Korea's LS Group
KKR has agreed to back automotive parts maker LS Automotive (LSA), a spin-out from Korean conglomerate LS Group, and to acquire the copper foil and flexible copper clad laminate business of LS Group affiliate LS Mtron.
Competition heats up for Australia data center business
Asia Pacific Data Centre Trust (APDC), a real estate investment trust (REIT) that owns three data centers in Australia, has received a second takeover bid from existing shareholder NextDC.
