buyout

Yahoo studies part-exit from its Asian assets

Yahoo is considering the sale of a substantial chunk of its 40% interest in Chinese e-commerce company Alibaba Group as well as exiting its 35% holding in Yahoo Japan. The value of the transaction would reportedly be $17-18 billion, allowing the US internet...

TPG to take 20% stake in Shriram Transport Finance

TPG Capital will hold a 20% stake in Shriram Transport Finance once the Indian company merges with its unlisted parent and largest shareholder Shriram Holdings Madras. The US private equity firm currently owns 49% of Shriram Holdings and the merger with...

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India Awards: PE Deal of the Year – Hero Honda Motors

India sees few big-ticket private equity deals outside the infrastructure space. Securing a stake in a leading player in the automotive sector is even rarer. Bain Capital is therefore all too aware that its investment in Hero Honda Motors in March isn’t...

CHAMP secures $130m debt for oOh!media deal

CHAMP Private Equity has reportedly secured a senior debt package worth A$130 million ($130 million) to support its take-private of Australian out-of-home advertising firm oOh!media.

The year that was

Asia’s private equity industry began 2011 on a high. With the recession apparently in the tail view mirror, Asian investors were rearing to invest and raise – as were global investors, who were energized by the prospects of the region’s top markets,...

CHAMP PE approved for oOh!media buyout

CHAMP Private Equity has received unanimous approval by the board of directors of Australian out-of-home advertising firm oOh!media to purchase the company for A$163 million ($163 million), capping off the firm’s 2011 on a high and marking its first...

Asian private equity to return to full force in 2012?

As it is customary for this time of the year, many of the professionals in Asian private equity are beginning to go on their holidays. While dealmaking activity continues for some of the harder working ones, it is clear that activity is becoming slower....

CHAMP buys oOh!media for $163m

CHAMP Private Equity has acquired Australian outdoor advertising firm oOh!media for A$163 million ($163 million), receiving unanimous approval from the company’s directors after failing to receive a higher bid.

PEP raises bid for Spotless

Pacific Equity Partners has upped its takeover bid for Australian cleaning services firm Spotless to A$711 million ($727.7 million) from A$700 million, in an attempt at coaxing the company that has twice rejected its private equity suitors.

Blackstone, Bain eye Yahoo bid

Blackstone and Bain Capital are reportedly nearing a bid to buy the whole of Yahoo that could value the company at more than $20 a share. Yahoo’s associates in China and Japan, Alibaba Group and Softbank Corp., may support the private equity consortium...

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PE Deal of the Year – Hyva

UNITAS CAPITAL’S BUYOUT OF DUTCH cylinder-maker Hyva earlier this year was a landmark private equity deal in that it was the first in Asia to be backed by a high-yield bond. Not only did the company’s $375 million bond issue set a precedent for other...

Asian bidders compete for RBS’ aircraft leasing business

Sumitomo Mitsui Financial Group, China Development Bank and a consortium led by Australia’s Macquarie are among the final bidders for RBS Aviation Capital, the aircraft leasing business being divested by Royal Bank of Scotland. The only other potential...