buyout
Taiwan’s Cathay buys PE-owned Conning for $240m
Cathay Life Insurance, Taiwan’s largest insurer, has agreed to buy Conning Holdings, an asset manager owned by US private equity firm Aquiline Capital Partners, for $240 million.
Being global is about being good, not big - AVCJ Forum
The priority when building a global company is creating quality, not necessarily expanding outside your local market, industry participants told the AVCJ Forum.
Japan's J-Star buys two healthcare providers
Japanese mid-market buyout firm J-Star has acquired two new care providers - Nagoya-headquartered Nurse Call and Kanagawa-based Kairos & Company - within weeks of its 5x exit from similar business HCM Corporation.
Taiwan: Back from the brink
The telling blow came in the American Chamber of Commerce in Taipei’s (AmCham) 2013 White Paper: Taiwan ranks second last among 17 Asian countries – trailing Sri Lanka and ahead of only Pakistan – in attracting private equity investment. The data...
More China GPs look to tap outbound opportunity - AVCJ Forum
PE investors are seeing more outbound opportunities as China enters its second stage of development, industry participants told the AVCJ Forum.
KKR, CITIC offer to buy controlling stake in United Envirotech
CITIC and KKR have offered to buy a controlling stake in United Envirotech (UEL) in a deal that values the Chinese waste water treatment company at S$1.9 billion ($1.5 billion).
Abraaj buys Southeast Asia’s Wine Connection Group
The Abraaj Group has acquired a majority stake in the Wine Connection Group, a Southeast Asia-focused food and beverage chain.
TPG, PAG consortium finalizes acquisition of Australia's DTZ
TPG Capital and PAG Asia Capital, together with co-investor Ontario Teachers' Pension Plan (OTPP), have completed their acquisition of DTZ, the property services arm of Australia-listed UGL, for an enterprise valuation of A$1.215 billion ($1.2 billion).
Succession-planning deals: A matter of legacy
Long a feature of the developed markets private equity, succession-planning opportunities are beginning to pop up in emerging Asia. Regardless of geography, convincing a founder to sell his business is a challenge
Hony to buy Chongqing hotpot restaurant chain
Hony Capital has agreed to buy a 93.2% stake in Chongqing Cygnet Hotpot, a Chinese hotpot restaurant chain.
SCPE backs acquisition of Korean packaging business
Standard Chartered Private Equity (SCPE) is participating in the KRW415 billion ($396 million) acquisition of South Korean conglomerate Hyosung Corporation’s packaging business.
J-Star secures 5x exit from healthcare firm HCM - update
Japanese mid-market buyout firm J-Star has exited Tokyo-based healthcare service provider HCM Corporation to Alshok Group at an enterprise value of JPY8.88 billion ($78.7 million), generating a 5x cash multiple and a 60% IRR.
Hony eyes buyout opportunities in healthcare, restaurants
China-focused GP Hony Capital is seeing more buyout opportunities involving healthcare and restaurant chains and it has created two sector-focused operational teams to consolidate these industries.
Jynwel Capital targets Asia oil producer Salamander Energy
Salamander Energy, an Asia-focused oil and gas exploration and production company, has received a buyout offer from Jynwel Capital, a Hong Kong-based PE firm controlled by Malaysian businessman Jho Low.
Carlyle crosses $600m threshold on Japan fund
The Carlyle Group has crossed the halfway mark on its third Japan buyout fund, with approximately $600 million raised predominantly from domestic investors.
PE-backed Luye Pharma to take full ownership of Beijing Jialin
Luye Pharma Group, a PE-backed Chinese drug maker, has taken full ownership of its industry peer Beijing Jialin Pharmaceutical, acquiring a 42.02% interest from existing PE shareholders.
Australia’s CHAMP PE to buy Nuplex assets for $112m
CHAMP Private Equity has agreed to buy New Zealand-based Nuplex Industries’ distribution and plastics additives businesses for A$127.5 million ($112 million).
Bain secures China leasing buyout
Lionbridge Financial Leasing is aptly named. The team behind the Chinese company that provides lease-back services and leasing asset management to small and medium-sized enterprises (SMEs) started out together more than a decade ago at Zoomlion. They...
Australia education: Study your market
In Study Group, Australian tertiary education has a strong example of how PE can support cross-border expansion. But now the smart money is going into vocational and early learning services
China Everbright to buy US testing equipment maker for $90m
China Everbright, the Hong Kong-listed investment unit of China Everbright Group, has agreed to buy BEP Group, a US-based vehicle testing equipment manufacturer, for $90 million.
Permira exits Japan's Arysta LifeScience to US strategic for $3.5b
Permira has exited its investment in Japanese agricultural chemicals maker Arysta LifeSciences to US chemicals firm Platform Specialty Products (PSP) for about $3.51 billion.
JD to acquire controlling stake in Chinese brokerage
Chinese GP JD Capital plans to acquire a 51% stake in Teemrise Securities, a Chinese brokerage firm, for RMB364 million ($59 million).
China’s Suning sells stores to CITIC Goldstone for $655m
Suning Commerce Group, China's leading home appliance retailer, has sold 11 stores to CITIC Securities’ direct investment arm Goldstone Investment for RMB4.01 billion ($655 million).
Bain buys Chinese financial leasing business
Bain Capital has acquired an 80% interest in China-based Lionbridge Financial Leasing. It is the private equity firm's first investment in China's financial services sector.