buyout
KKR-led consortium bags Samson for $7.2b
A KKR-led consortium, which includes Japan's Itochu Corp, has agreed to buy Samson Investment Co. for $7.2bn in the second largest private equity deal globally this year.
Abax, chairman lower MBO offer for Fushi Copperweld
Abax Global Capital and the chairman of Fushi Copperweld have lowered their buyout offer for the Chinese company. They are proposing to pay $9.25 per share, down from $11.50 announced in November of last year, which values the deal at about $353.4 million.
Apax-backed iGate plans to take Patni private
Apax Partners-owned iGate plans to buyout Patni Computer Systems’ minority shareholders and delist the company from the Bombay Stock Exchange, National Stock Exchange of India and the New York Stock Exchange. The purchase will be funded through a debt...
Advantage, Bain among bidders in final round of Yayoi auction
Advantage Partners, Bain Capital and financial services firm Orix Corp. have reportedly advanced into the final round of bidding for MBK Partners-owned Japanese accounting software developer Yayoi, which is expected to be one of the biggest sales in the...
Spotless rejects PEP's $700m takeover offer
Australian cleaning services company Spotless Group has rejected Pacific Equity Partners’ (PEP) A$698.3 million ($702 million) takeover offer, branding the bid as too low.
Morgan Stanley in line for HCP Holdings acquisition
Morgan Stanley Private Equity (MSPE) is reportedly negotiating with Chinese packaging firm HCP Holdings to purchase an 80% stake. The deal is said to value the company at approximately $500 million.
PEP eyes Spotless buyout - report
Pacific Equity Partners (PEP) is reportedly looking to acquire Australian cleaning services company Spotless Group for as much as A$700 million ($715 million), coming months after the ASX-listed company rejected Blackstone’s A$657 million bid.
TPG scales back buyouts in Europe as it ramps up in Asia - report
TPG Capital is said to be scaling back its European buyout operations amid a volatile investment environment, in a move that may result in a strengthening of TPG’s Asian focus.
Blackstone, Carlyle near Reliance tower acquisition - report
A consortium comprised of The Blackstone Group and The Carlyle Group may purchase Reliance Group’s cellular towers by December, in a deal that will finally see the Indian communications major divest its ailing tower assets.
Samsung’s MRO sale flatters to deceive
Online shopping mall Interpark’s purchase of iMarketKorea from Samsung Group last week might be described as the deal that failed to live up to first impressions.
PE firms close in on Yahoo acquisition
Several prospective buyers of Yahoo have signed confidentiality agreements in order to get a closer look at the company’s finances.
PEP invests $670m in SCA's Australasian arm
Pacific Equity Partners (PEP) has invested $670 million in a joint venture with Svenska Cellulosa Aktiebolaget (SCA) to develop the company’s Australasian arm, SCA Hygiene Australasia.
Southeast Asia takes on the neighbors
Southeast Asia is increasingly popular as an investment destination for private equity firms, but can it compete with China and India?
From buyouts to asset managers
Emerging Asia is a key consideration as the global buyout firms diversify their product offerings to meet the needs of a changing market
China MBOs: The problem with privatizations
With stock prices undervalued, company chairman and private equity investors are eyeing potential privatizations among US-listed Chinese companies. It isn’t as easy as it seems.
Asia property funds not suffering from European bank pullback
Most large Asian real estate funds are not suffering from a pullback in lending as a result of the euro zone difficulties because their exposure to European banks is minimal, according to a survey by the Asia Pacific Real Estate Association.
Harbin Electric shareholders approve MBO
Harbin Electric’s shareholders have approved a privatization bid for the company put forward by chairman and CEO Tianfu Yang and supported by Abax Global Capital. The deal, which received board backing in June, is expected to close within a week.
Interpark-led consortium buys iMarketKorea for $378m
A consortium led by Interpark, the Korean online shopping mall operator, has agreed to purchase Samsung Group’s procurement arm iMarketKorea in a deal worth more than KRW422 billion ($378.4 million). Private equity firm H&Q and the Korea Venture Business...
Blackstone sees opportunities in China's 'economic dislocations'
China’s slowing GDP growth should create “economic dislocations” that translate into acquisition opportunities for foreign investors, according to Stephen Schwarzman, chairman and CEO of The Blackstone Group.
Anchorage exits NZ Burger King to Blackstone
It's a good time to be targeting turnarounds in Australasia. Private equity firms, hedge funds and investment banks are pursuing a host of opportunities in the consumer segment where companies have been hit hard by the seize-up in spending that followed...
Affinity buys Australian meats producer
Affinity Equity Partners has ramped up its consumer portfolio in Australia through a 70% stake acquisition in top deli meats producer Primo Smallgoods, for a price that values the company at A$740 million ($758 million).
Skylark exit helps consign buyout boom to history
With Skylark sold and Yayoi likely to follow it, Japan’s megadeals of 2006-2008 are finally being dismantled and the – relatively meager – profits returned to investors
KKR seeks $6b for second Asia buyout fund
KKR is targeting $6 billion for its second Asia buyout fund, coming as a host of global private equity firms prepare new regional vehicles.
PE firms lose out in bid for Samsung’s procurement arm
Online shopping mall operator Interpark has been named the preferred bidder for Samsung Group’s procurement arm iMarketKorea, beating private equity bidders including KKR and MBK Partners. The Interpark was previously said to be leading a consortium...