buyout
AVCJ at 25: Nick Bloy of Navis Capital Partners
Nick Bloy, co-managing partner at Navis Capital Partners, saw Lehman Brothers collapse within days of a launching his sixth fund. LPs had to be reassured or replaced, and the strength of Navis’ existing portfolio was pushed to the fore
AVCJ at 25: David Gross-Loh & Jim Hildebrandt of Bain Capital
David Gross-Loh and Jim Hildebrandt, managing directors at Bain Capital, guided the firm’s Japan-heavy Asia portfolio through the global financial crisis. Acting fast without overreacting was central to their approach
AVCJ at 25: Tim Sims of Pacific Equity Partners
Tim Sims, a founder and managing director at Pacific Equity Partners, was part of the team responsible for Australia’s first-ever leveraged buyout in 1998. Fourteen years on, Australia is the regional hub for these deals
AVCJ at 25: Bill Ferris & Joe Skrzynski of CHAMP Private Equity
Bill Ferris and Joe Skrzynski set up Australian Mezzanine Investments in 1987. Now known as CHAMP Private Equity, the firm was responsible for some of Australia’s first buyouts and then saw the market rise and rise during the 2000s
AVCJ at 25: Yichen Zhang of CITIC Capital
Yichen Zhang, CEO of CITIC Capital, watched as pre-IPO strategies took Chinese private equity to unthinkable highs in the mid- to late-2000s. As the market returns to more sustainable levels, he sees control opportunities amid the chaos
AVCJ at 25: John Zhao of Hony Capital
John Zhao, founder and CEO of Hony Capital, teamed up with Legend Holdings to create China’s first buyout fund in 2003. Nearly 10 years on, he is still restructuring state-owned enterprises but also looking to go overseas
AVCJ at 25: X.D. Yang of The Carlyle Group
X.D. Yang, managing director and co-head of Carlyle Asia Partners, joined the buyout firm as it sought to up its game in China. A hugely successful insurance investment remains the landmark deal, but he expects to see more
AVCJ at 25: Joe Bae of KKR
Joe Bae, partner and head of Asia at KKR, set up the private equity firm’s regional operation seven years ago with two principal goals: being as local as possible and building a franchise that is sustainable in the long term
AVCJ at 25: Michael B. Kim of MBK Partners
Michael B. Kim, founding partner of MBK Partners, left The Carlyle Group in 2005 to set up his own private equity firm. The time was right, the capital was available, and there was a desire to become more local
AVCJ at 25: Roy Kuan of CVC Capital Partners
Roy Kuan, managing partner at CVC Capital Partners, witnessed a transformation in private equity in the wake of the Asian financial crisis. Suddenly he was in the buyout business, carving out assets from distressed conglomerates
AVCJ at 25: Weijian Shan of PAG
Weijian Shan, chairman and CEO of PAG, made his name in private equity turning around troubled companies for Newbridge Capital. Two bank deals helped open international investors’ eyes to the Asia buyout opportunity
Unitas to complete $800m Exego exit to Genuine Parts
Unitas Capital will complete its exit from Australian car parts supplier Exego in April through an $800 million sale, including debt, to Genuine Parts.
MBK appoints advisor for ING South Korea bid - report
North Asia-focused buyout firm MBK Partners is said to have hired Barclays to advise on a bid for ING's South Korean life insurance business.
Indonesia mid-market: It’s who you know
Although not overrun with GPs, Indonesia’s mid-market is difficult to penetrate. Access to local networks through which deals can be sourced is a good first step. After that, it’s entrepreneur management
Longreach adds to Tokyo team
North Asia mid-market buyout firm The Longreach Group has appointed Takuya Sato as executive director and Kishin Ryu as an associate.
KKR closes in on Alliance Tire buyout - report
KKR is said to be in the final stages of acquiring an 80% stake in Indian tire maker Alliance Tire Group. The deal values the company at $600 million and it will see KKR buy Warburg Pincus' entire interest in the company as well as shares from other minority...
Hony supports $505m take-private of Simcere Pharmaceutical
Hony Capital is backing a $505 million management buyout of Chinese drug developer Simcere Pharmaceutical Group. It takes the number of take-private deals involving US-listed Chinese companies to 13, according to AVCJ Research.
TPG buys Australian poultry producer Inghams
TPG Capital overcame several rival private equity and strategic bidders to acquire Australian poultry firm Inghams Enterprises. The family-owned company didn’t confirm the financial details, although it has been reported that the deal valued Inghams...
Affinity reaches $1.5b first close on Fund IV
Affinity Equity Partners has reached a first close of $1.5 billion on its fourth fund, having spent only about five months in the market. The vehicle has a hard cap of $3.5 billion.
Blackstone, TPG among bidders for Australia's Inghams - report
The Blackstone Group and TPG Capital have reportedly placed separate bids for Inghams Chicken, Australia's largest poultry producer.
Australasian mid-market sees strong deal flow – AVCJ Forum
Private equity investors see considerable upside in Australia and New Zealand’s lower and mid-market despite fewer large deals than before the global financial crisis. This usually involves taking cash-strapped family-run businesses and improving processes...
Vogo-backed Tong Yang Life eyes ING South Korea unit
Vogo Capital-backed Tong Yang Life Insurance is considering purchasing ING Group's South Korean insurance unit.
AID Partners makes bet on HMV
The rise of services like iTunes and Spotify are enough to make any record store business shudder. Factor in the proliferation of file-sharing services and online piracy, and it is inevitable former giants like the UK's HMV seem to be going the way of...
Morgan Stanley to complete $147m China dairy take-private
Morgan Stanley Private Equity Asia (MSPEA) is on the cusp of completing a $147 million buyout of Chinese dairy producer Feihe International after the board accepted a bid from the PE firm in conjunction with the company’s chairman and CEO. It is the...