buyout
Macquarie, Brookfield to buy Apache’s Australia energy unit
US-based oil and gas exploration and production company Apache has agreed to sell its Australia business to Macquarie Capital and Brookfield Asset Management for $2.1 billion in cash.
Australia's Bradken rejects new buyout offer from PEP, Koch
Australian mining industry supplier Bradken has rebuffed another takeover bid by Pacific Equity Partners (PEP), this time acting in tandem with Koch Industries.
VIDEO: Navis Capital Partners' Rodney Muse
Nothing is off limits now when LPs are conducting due diligence on private equity firms as investors respond to issues such as regulatory change, according to Rodney Muse, co-founder and managing partner of Navis Capital Partners
Everstone buys Aon Hewitt’s Asia payroll business
India and Southeast Asia-focused GP Everstone Capital has acquired Aon Hewitt’s Asia Pacific payroll business for an undisclosed sum.
China investors agree $3.3b deal for Philips LED unit
A Chinese consortium led by Go Scale Capital will buy an 80.1% stake in Philips’ combined LED components and automotive lighting unit at an enterprise valuation of $3.3 billion.
China exits: Liquidity lags
Despite the return of domestic listings, many China PE investors are struggling on distributions. Much rests on the success of IPO reforms, the ability to execute trade sales, and an unblocking of the secondary market
China's middle market: Small is beautiful
What has become of China's middle-market GPs? Twelve managers reached final closes in 2014 of $301-750 million. All bar two of them were raising venture capital funds.
Catapult steers through new waters
When employees at Australian Reef Pilots (ARP), which provides pilotage services through the Great Barrier Reef and Torres Straits, wanted to engineer a management buyout (MBO), they found help from a newcomer to the private equity industry: Catapult...
Allegro Funds buys Australia's Great Southern Rail
Allegro Funds has agreed to buy a 100% stake in Australian railway company Great Southern Rail (GSR) from its UK parent Serco.
Catapult Partners backs Australian Reef Pilots MBO
Catapult Partners has invested in Australian Reef Pilots (ARP) in support of a management buyout (MBO) of the company.
Portfolio: CHAMP Private Equity and Accolade
For a long time the UK and Australia operations of US wine giant Constellation Brands had been a drain on the parent company. Nevertheless, CHAMP Private Equity saw the potential for a category leader
Bain to acquire Japan Wind Development for $80 million
Bain Capital Partners is set to acquire Japan Wind Development (JWD) - a leading Japanese wind farm developer - in a JPY9.7 billion ($80 million) take-private transaction.
Japan's Rakuten to acquire VC-backed US eBook firm
Japan's Rakuten will pay $410 million to acquire US-based digital book marketplace OverDrive from Insight Venture Partners, a US private equity and venture capital firm.
China’s Addor Capital to buy assets from travel site eLong
Addor Capital, a private equity firm owned by China’s Govtor Capital, has agreed to buy a subsidiary of US-listed online travel site eLong for RMB76.5 million ($12.2 million).
HK court upholds CVC asset freeze over South Beauty founder
A Hong Kong court has supported a move by CVC Capital Partners to freeze the assets of Lan Zhang, founder of Chinese restaurant chain South Beauty, which was bought by the private equity firm last year.
Indonesia: Unrealistic expectations?
The strong fundamentals that saw Indonesia propelled into the upper echelons of private equity – by words, if not deeds – as a counterpoint to China and India are largely unchanged.
KKR consortium buys GE’s Australia consumer finance unit
A consortium comprising KKR, Värde Partners and Deutsche Bank has agreed to buy GE Capital’s Australia and New Zealand consumer lending unit for an enterprise valuation of A$8.2 billion ($6.3 billion).
Lotte outbids PE, strategics for KT Rental with $908m deal
Lotte Group has agreed to buy South Korean car rental firm KT Rental from KT Corp. and other investors for KRW1.02 trillion ($908 million), beating out several other private equity and strategic players.
SummitView consortium agrees $639m take private of ISS
A consortium led by Chinese GP SummitView Capital has agreed to buy NASDAQ-listed semiconductor manufacturer Integrated Silicon Solution (ISS). The deal values the company at approximately $639.5 million.
Australia’s IFM in $5.7b US toll road deal
Australian fund manager IFM Investors has agreed to pay $5.7 billion for a 66-year concession on a US toll road that crosses northern Indiana. It filed for bankruptcy last year due to heavy debts and low traffic volumes.
Bain Capital targets $2.5b for third Asia fund
Bain Capital is preparing to launch its third Asian fund with a target of $2.5 billion and a hard cap of $3 billion.
VC-backed Flipkart acquires India's AdIQuity
Indian VC-backed e-commerce giant Flipkart has acquired AdIQuity, a domestic mobile ad network. Financial details of the transaction were not disclosed.
Q&A: Baring PE Asia's Jean Eric Salata
Baring Private Equity Asia has closed its sixth fund at $3.98 billion. CEO Jean Eric Salata explains how the firm has sized up to raise its largest-ever vehicle, and where he expects to deploy the capital
PEP to buy Kerry Group's Australian bakery unit
Australian GP Pacific Equity Partners (PEP) has agreed to acquire Pinnacle, the Sydney-headquartered bakery unit of Irish food giant Kerry Group.