buyout
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.
Deal focus: Quadrant makes another premium pet play
Quadrant Private Equity's last foray into pet services was relatively short-lived. It bought City Farmers for A$93 million ($84 million) in September 2013 and within 10 months had agreed to sell the business to Greencross for A$205 million in cash and...
China cross-border: A helping hand
When Hony Capital bought Pizza Express for about GBP880 million ($1.5 billion) last year, the plan was to turn the UK-based restaurant chain’s nascent China presence into a commanding one. The private equity firm then built a dedicated platform for...
Focus Media set for $7b reverse merger in Shenzhen - update
Shenzhen-listed Jiangsu Hongda New Material will acquire Chinese outdoor advertising business Focus Media, which was taken private two years ago by a consortium of PE investors and company management, for RMB45.7 billion ($7.37 billion), paving the way...
China GPs highlight role of local partners in cross-border deals
China-based private equity investors are bullish about the prospect of bringing overseas technologies and brands into the domestic market, but securing competent local partners is key to capitalizing on these opportunities.
Advantage exits GTA TeleGuam to Indonesian trade buyer
Japan's Advantage Partners has exited GTA TeleGuam - the former state-owned telephone company based on the island of Guam - to Telkom Indonesia. The value of the transaction has not been disclosed.
Mandarin, Zoomlion to buy Italian water treatment firm
Mandarin Capital Management (MCP) has teamed up with Zoomlion Heavy Industry Science & Technology to acquire a 75% stake in Ladurner, an Italy-based waste treatment and environment firm, for EUR75 million ($82 million).
US listing costs tipped to create more China take-private opportunities
A new wave of take-private deals could be on the way as Chinese companies, frustrated with the cost of remaining listed in the US, consider uprooting and returning to their home country.
Quadrant buys Australia's VIP Petfoods for $313m
Quadrant Private Equity has agreed to acquire Australia-based VIP Petfoods, the world’s largest producer of fresh chilled pet food, for A$410 million ($313 million).
China public markets stoke GP investment, exit concerns
China’s robust public markets are creating challenges for private equity managers as they seek to acquire assets at acceptable valuations and pick the time to exit existing portfolio companies.
Silver Lake-backed Avago agrees $37b Broadcom deal
Avago Technologies, a Singapore-incorporated chip maker backed by Silver Lake Partners, has agreed to buy its NASDAQ-listed rival Broadcom Corp. for $37 billion in cash and stock.
PE-backed SSI to acquire Australia, New Zealand marketing firms
Survey Sampling International (SSI), a US-based market research company backed by Palo-Alto PE firm HGGC, will acquire online research panels MyOpinions, of Australia, and SmileCity Limited, of New Zealand.
China seeing more liquidity, increased competition for deals - AVCJ Forum
China’s private equity industry is seeing greater liquidity than in recent years but competition for deals – the operating partners required to make investments work – is intensifying, GPs told the AVCJ China Forum.
Deal focus: Go Scale out to dominate global LED
Go Scale Capital, a China-based investment fund sponsored by GSR Ventures and Oak Investment Partners, wants to build the world's largest LED company. It has now announced two notable deals in the space, most recently the sale of a majority stake in its...
TVS Logistics, Tata Opportunities to acquire DIESL
India's Tata Capital will acquire a minority stake in TVS Logistics Services and support the company in its acquisition of Drive India Enterprise Solutions (DIESL).
Indian regulator rejects Baring Asia's Sharekhan buyout
India's Foreign Investment Promotion Board (FIPB) has rejected Baring Private Equity Asia's bid to buy IDFC's stake in Mumbai-based brokerage Sharekhan.
Lixil unit files for insolvency less than 18 months after PE exit
Japanese bathroom fitting company Lixil is set to lose at least JPY41 billion ($337 million) after its German-listed Chinese subsidiary, Joyou AG, filed for bankruptcy. Lixil acquired the business after it bought German faucet maker Grohe from TPG Capital...
Malaysia’s Cocoaland rejects Navis buyout offer
Malaysian confectionary manufacturer Cocoaland Holdings has rejected a takeover bid from Navis Capital Partners that valued the company at MYR377.5 million ($104 million).
CLSA invests in Japanese automotive tools retailer
CLSA Capital Partners has acquired a majority stake in Japanese automotive tools retailer Worldtool in a deal that values the business at around JPY10 billion ($82.8 million).
Chinese consortium to buy US biotech firm Ambrx
A consortium of Chinese investors including Shanghai Fosun Pharmaceutical Group, Hopu Investments, CEL Healthcare Fund and WuXi PharmaTech will acquire Ambrx, a US-based biotech pharmaceutical developer.
Baring Asia agrees its largest-ever buyout
Baring Private Equity Asia has agreed to buy Vistra Group, a leading global provider of company formation, trust, corporate and fund administration services, in what is expected to be its largest-ever deal.
IDG joins take-private consortium for China's Sungy Mobile
IDG Capital Partners has thrown its weight behind a management-led bid to privatize NASDAQ-listed Chinese app developer Sungy Mobile. The deal values the company at approximately $155 million.
Orient PE unit bids for China mobile games developer
A private equity unit of Chinese brokerage Orient Securities has submitted a take-private bid for NASDAQ-listed game developer China Mobile Games & Entertainment Group (CMGE).