buyout
INCJ to buy UK wind power firm for $850m
Japanese state-sponsored fund Innovation Network Corp of Japan (INCJ) is tipped to buy a 50% stake in British wind power engineering firm Seajacks International for around $850 million.
Carlyle, Everstone join race for Thomas Cook India - report
The Carlyle Group, Everstone Capital, TA Associates and Bravia Capital have joined the likes of KKR and Actis in competing for Thomas Cook India.
Lilliput founder says L Capital has submitted bid
Lilliput Kidswear’s founder and managing director claims to have received an offer for the struggling business from L Capital, the private equity arm of luxury goods giant LVMH. A sale would facilitate the exit of Bain Capital and TPG Capital.
Advantage Partners may extend investment deadline
Advantage Partners may extend the June deadline for investment from its $2.6 billion buyout fund due to limited dealflow. The buyout firm will make a decision by the end of April.
CDH, CITIC, New Horizon buy Luye Pharma from MBK
CDH Capital, Citic Private Equity and New Horizon Capital, three of China's largest private equity firms, have bought Luye Pharma from Korea-based MBK Partners.
JC Flowers circles ING Asia assets - report
US private equity firm J.C. Flowers is said to be considering a bid for the Asian insurance assets being sold by ING Group.
CHAMP gets court approval for oOh!media takeover
CHAMP Private Equity has won approval from the Federal Court of Australia for its A$163 million ($176 million) acquisition of outdoor advertising company oOh!media. The firm consequently ceased trading on the Australian Stock Exchange on March 1.
VinaCapital takes full control of BTS towers builder
Vietnam Infrastructure Limited (VNI), a VinaCapital closed-end fund trading on London Stock Exchange sub-market AIM, has increased its stake in in VNC-55 Infrastructure Investment to 100%. VNC-55 specializes in building and leasing Base Transceiver Station...
PAG commits $250m to Chinese pharma company
PAG Asia has invested $250 million in Shaanxi–based Bicon Pharmaceutical Holdings, becoming its largest investor, according to a statement released by the pharma company on Tuesday.
TPG rivals mull bids for Billabong – report
The Blackstone Group and KKR are reportedly considering bids for Billabong after the Australian surfwear company rejected TPG Capital’s A$841 million ($904 million) offer but said it was willing to engage with any party that make an attractive proposal.
PE bets on Asia’s growing food demand
Food assets – notably fresh produce – are increasingly attractive to private equity firms as they potential trade sale exits to Asian corporates looking to satisfy rising domestic demand
An Australian-Asian story
Australia is the exception in Asian private equity: a market in which buyouts are routine, leveraged finance is readily available and entry and exit activity is relatively transparent. It is, one is tempted to say, Japan without the intrigue and inscrutability.
Billabong rejects improved $904m offer from TPG
TPG Capital has increased its takeover bid for Billabong International by 10% to A$841 million ($904 million) but the Australian surfwear company is still not interested. It said that the increased price of A$3.30 per share, up from A$3 per share, doesn’t...
Billabong still in talks with TPG over buyout offer
Talks are ongoing between TPG Capital and Billabong over the private equity firm’s A$765 million ($820 million) takeover bid for the Australian surfwear manufacturer. TPG made a revised offer last week but it was still at the same indicative price of...
Abraaj acquires emerging markets SME specialist Aureos
When Omar Lodhi took charge of Abraaj Capital’s Asia business, the idea was to pursue organic growth. The private equity firm opened an office in Singapore early last year and then one in India, where it already had a joint venture with Sabre Capital...
KKR, TPG consider AsiaInfo bid – report
Several private equity firms – including KKR and TPG Capital – and strategic investors are reportedly considering bids for AsiaInfo-Linkage, the US-listed firm that is already subject to a buyout offer from CITIC Capital.
Asia, Middle East LPs put up 30% of BC Partners’ buyout fund
Asian and Middle East investors contributed 30% of the capital for BC Partners’ latest European fund, which has closed at EUR6.5 billion ($8.6 billion) after 18 months in the market. LPs from these regions only accounted for 10% of the private equity...
MMI relies on US investors for $300m high-yield bond
KKR-owned MMI International successfully issued its $300 million high-yield bond, principally attracting interest from US investors due to their familiarity with the sector and the company’s customer base. The five-year non-call bond was priced at a...
Abraaj Capital buys Aureos to boost emerging markets exposure
Abraaj Capital has acquired Aureos Capital, creating an entity with approximately $7.5 billion in assets under management and 150 investment professionals across 30 countries. The purchase enables Dubai-headquartered Abraaj, which focuses on the Middle...
TPG submits Billabong takeover bid despite initial rebuff
TPG Capital has made its A$765 million ($825 million) bid for Billabong regardless of the Australian surfwear company’s attempt to head off a takeover by announcing both the partial sale of one of its most profitable brands and plans to close 150 stores....
Blackstone, Carlyle agree $4b Reliance Infratel buyout
The Carlyle Group and The Blackstone Group have signed a term sheet to buy up to 95% of Reliance Communications’ telecoms tower unit, Reliance Infratel.
Shaw Kwei in take-private deal for Singapore electronics firm
Shaw Kwei & Partners has delisted electronics manufacturer Beyonics Technology from the Singapore Stock Exchange. This follows a $110 million buyout by Channelview Investment, a subsidiary of the private equity firm.
Washington State commits $400m to KKR’s Asian fund
Washington State Investment Board has committed $400 million to KKR’s second Asia fund, which is seeking to raise up to $6 billion. The investment was disclosed alongside those made to Oaktree Capital Management’s newest distressed debt fund and Cinven...
Billabong suspends trading amid reports of TPG bid
Australian surf-wear manufacturer Billabong International has suspended trading amid reports that TPG Capital has tabled a buyout offer for the company. The move comes as Billabong looks for ways to manage a A$600 million debt pile, with net profit expected...