CVC Capital Partners
Lenders 'will reject debt plan' for CVC-backed Nine
CVC Asia Pacific's proposed debt restructuring plan for its portfolio company Nine Entertainment is expected to be rejected, following talks between the private equity firm and lenders on Friday.
CVC to meet with NINE's lenders
CVC Asia Pacific is reportedly to meet with the lenders of its Australian media company NINE Entertainment tomorrow to discuss refinancing opportunities.
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?
GIC takes 20% of PE-owned aircrafter leaser Avolon
The Government of Singapore Investment Corporation (GIC) has paid $300 million for a 20% stake in Dublin-based aircraft-leasing group Avolon. The company is owned by private equity firms CVC Capital Partners, Civen and Oak Hill Capitall Partners.
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
Saban Capital Group takes 5% stake in Media Nusantara
Saban Capital Group, the Los Angeles-based private equity firm controlled by billionaire Haim Saban, has purchased a 5% stake in PT Media Nusantara Citra from PT Global Mediacom for INR692 billion ($78.2 million). Saban Capital, which is investing through...
Dysentery delays Bain's buyout of restaurant chain Skylark
Bain Capital’s acquisitions of Japanese restaurant chain Skylark from Nomura Principal Finance has been put on hold after an outbreak of dysentery led to the closure of 120 outlets in late August.
Maarten Ruijs: An enduring interest in Asia
Maarten Ruijs, managing partner & chief investment officer of CVC Asia Pacific, reflects on coping with the global economic downturn and explains why he’s in Asian private equity for the long haul
CVC considers US bond issue to cover Nine Entertainment debt
CVC Asia Pacific may service Nine Entertainment’s A$3.5 billion ($3.7 billion) in debt by raising more debt from private investors in the US. It is thought that a “144A” bond issue would raise $500 million to $1 billion that would go toward reducing $2.6...
KKR-backed Seven West Media looks into debt refinancing
Australia’s Seven West Media, which is part-owned by KKR, is assessing bank proposals to refinance up to A$2 billion ($2.1 billion) of debt. Sources familiar with the situation told Reuters that several banks have bid to underwrite 3-5 year funding packages....
CVC considers refinancing options for Nine Entertainment
CVC Asia Pacific is looking into refinancing options for up to A$3.5 billion ($3.7 billion) in debt on the books of portfolio company Nine Entertainment. Sources told Reuters that – contrary to earlier reports – the private equity firm is not yet in talks...
CVC resumes efforts to sell Japanese shoe repair chain
CVC Asia Pacific has hired Mizuho Securities to advise on the sale of shoe repair chain Minit Asia Pacific and invitations have been sent for first-round bids, according to Reuters.
Bain buys MYOB as markets sink Sage bid
Recent turbulence in the global markets did private equity a favor last week as Bain Capital emerged as the unlikely victor in the auction for Australian accounting software firm MYOB. Bain and KKR had for several weeks been regarded as the frontrunners...
Covalent partial-exit marks end of an era
The name Toshiba Ceramics is firmly rooted in the golden age of Japanese private equity. In 2006, The Carlyle Group and Unison Capital bought the company from Toshiba Group for JPY91 billion ($774 million at the time) in what was one of the most expensive...
Italian motorcycle maker Ducati considers Hong Kong listing
Italy-headquartered private equity firm Investindustrial is considering listing its portfolio motorcycle company Ducati in Hong Kong in 2012.
Cargill beats off Chinese competition to land Provimi
Cargill, the world’s largest agricultural commodities trader, will acquire Netherlands-based animal feed company Provimi from private equity firm Permira for an enterprise value of EUR1.5 billion ($2.1 billion). China’s New Hope Group was among the bidders...
CVC-backed Nine Entertainment expects modest profit growth in coming year
CVC-owned Nine Entertainment posted EBITDA of A$414.9 million for the fiscal year ending June, up 16.4% year-on-year, but it forecasts modest growth this year – a reflection of the challenges facing most Western media companies that rely heavily on advertising...
Emerging markets, fewer buyouts
Asia is top of many investors'wish lists, yet it is interesting how many Western GPs and LPs refer to the region as an emerging market. To those of us living in Asia – and many others on the outside – the term seems hopelessly outdated.
CVC considering SHK Finanicial sale
CVC Capital Partners-backed Sun Hung Kai & Co. is considering the sale of its brokerage and wealth management subsidiary SHK Financial, Bloomberg reported, citing sources who say the company has held informal discussions with potential buyers.
Nine Entertainment meets with lenders on debt repayment
Nine Entertainment’s private equity owner, CVC Asia Pacific, has taken steps to refinance the company's A$3.6 billion ($3.8 billion) in debt, The Australian reported. This comes as Adrian MacKenzie, CVC's Australia head, starts preliminary negotiations...
CVC takes additional $29m from Samsonite IPO over-allotment
CVC and Royal Bank of Scotland made an additional $46 million from Samonsite's Hong Kong IPO after underwriters exercised the over-allotment option to meet demand for the shares. The luggage maker's IPO initially raised $1.25 billion and the stock slumped...
American LPs and Asia GPs: A meeting of minds
American LPs' LPS’ fastination with private equity opportunities in Asia is firmly rooted in macroeconomic fundamentals. The region accounts for 30% of global GDP and 50% of global growth – and ongoing urbanization industrialization in China and India...
CVC completes partial exit from Malaysian gaming company
CVC has completed a partial exit from Magnum, Malaysia’s largest gaming business, receiving $410 million in cash plus an allotment of shares with an approximate current market value of $157 million.
Private equity seeks Southeast Asia consumer plays
Has private equity become infatuated with the Southeast Asian consumer? As valuations continue to rise in China and India, industry participants note that a growing number of funds are now looking for deals elsewhere in the region.