buyout
MBO no longer a 'dirty word' in Japan - AVCJ Forum
The term management buyout (MBO) is no longer considered a "dirty word" among Japanese company founders, according to local GPs who are eyeing more succession deals.
Portfolio: Advantage Partners and Riraku
By undercutting its competition, massage salon Riraku was able access a broader segment of the domestic market. But achieving growth on a national scale required support from Advantage Partners
A team sport: PE and personalities
Private equity is a people business - this is an oft-repeated phrase at AVCJ events and certainly one that continues to be relevant.
Australia's Crescent to buy Healthscope pathology business
Crescent Capital Partners has agreed to acquire the Australian pathology operations of Healthscope for A$105 million ($80.8 million).
Singapore's Temasek, CVC agree $2b deal for US generic drug firm
Singapore's Temasek Holdings is a member of a CVC Capital Partners-led consortium that has agreed to buy a controlling stake in US-based generic drug manufacturer Alvogen. The deal is said to value the company at $2 billion.
Australia's Anacacia takes majority stake in LED business
Anacacia Capital has acquired a majority stake in Australian lighting business LEDified Lighting Corporation for an undisclosed sum.
PE consortium submits take-private bid for China's Qihoo
Chinese internet security software provider Qihoo 360 Technology has received a take-private offer from its chairman and CEO, plus CITIC Securities, China Renaissance Holdings and Sequoia Capital.
Q&A: The Longreach Group's Masamichi Yoshizawa
The Longreach Group made a name for itself acquiring non-core assets from Japanese corporates. Masamichi Yoshizawa, a partner with the North Asia-focused firm, expects more of these deals
Banks and deal-sourcing: Information arbitrage
Japan’s banks do not have the power that they once did to source deals, but they are far from irrelevant. GPs say these institutions still have a role to play, though their advice must be considered carefully
Corporate governance: Thin end of the wedge?
Japan’s corporate governance code will not trigger a torrent of non-core divestments, but it may encourage boards to think strategically about how – and with whom – they can improve performance
Japan consumer: Big spenders
Japan’s gradual economic recovery could deliver a wealth of new opportunities in the consumer space. But to realize true value, private equity firms must look deeper, or in certain cases, further
Japan buyouts: Large check limbo
It is not a phenomenon unique to Japan. Pick a major Asian market with public markets trading at or close to an all-time high and you find a cumulative private equity investment figure that is lagging the previous year’s pace.
VC-backed iDreamSky gets take-private offer
IDreamSky Technology, a VC-backed Chinese mobile game publisher, has received a take-private proposal from its chairman and CEO barely 10 months after going public on NASDAQ.
Japan's Advantage to launch $400m Asia fund
Japanese mid-market GP Advantage Partners is looking to raise a $400 million fund targeting investments opportunities in Asia ex-Japan.
Polaris acquires Japan massage salon operator
Japan's Polaris Capital has acquired massage salon chain Factory Japan Group (FJG) for an undisclosed sum. The investment was made via Polaris Private Equity Fund III.
Multiples to up stake in India's PVR Cinemas
Multiples Alternative Asset Management has agreed to invest INR3.5 billion ($54.6 million) in Indian cinema chain PVR Cinema, raising its stake in the company to 19.6%.
Nordic Capital backs Chinese maker of child car seats
European GP Nordic Capital has acquired Max-Inf, a Chinese manufacturer of children's car seats, to complement its existing portfolio investment in UK child safety products firm Britax.
Sequoia, Fosun support take-private for China's Bona Film Group
Sequoia Capital and Fosun International are supporting a founder-led take-private offer for Bona Film Group that values the US-listed Chinese film distributor at approximately $832 million.
Sequoia's Shen joins China take-private wave
Neil Shen, managing partner at Sequoia Capital China, is supporting take-private bids for budget hotel operator Home Inns and online real estate agency E-House as a growing number of US-listed Chinese companies turn their attention to domestic listings....
Archer buys Dun & Bradstreet's Australasia credit-checking unit
Archer Capital has agreed to buy Dun & Bradstreet’s (D&B) Australia and New Zealand-based credit data business for A$220 million ($170 million).
Q&A: ICG's Christopher Heine
Whether it is mezzanine for buyouts or growth financing for family businesses, Christopher Heine, head of Asia Pacific at Intermediate Capital Group, wants to be seen as a partner rather than just another capital provider
Deal focus: Mandarin, Zoomlion team up again in Italy
Having supported Zoomlion Heavy Industry Science & Technology acquisition of Italy’s CompagniaItalianaFormeAcciaio (CIFA) seven years ago, Mandarin Capital Partners (MCP) didn’t hesitate in suggesting that the Chinese construction machinery manufacturer...
Buyout target Cocoaland gets offer First Pacific consortium
Malaysian confectionary manufacturer Cocoaland Holdings, which has been targeted by Navis Capital Partners and EQT Partners, has received a buyout offer from a consortium including Hong Kong investment company First Pacific.
China's VC-backed Taomee receives take-private proposal
An investment arm of Chinese brokerage Orient Securities has teamed up with the CEO and president of children's entertainment group Taomee Holdings, and submitted a take-private offer for the US-listed company.