KKR
KKR's Joe Bae elevated to senior leadership role
Joe Bae (pictured), who has spent the last 12 years building out KKR’s Asian operation, has been named co-president and co-COO of the firm as co-founders Henry Kravis and George Roberts prepare to hand over leadership to the next generation.
KKR to invest $200m in Indian hospital operator
KKR has agreed to invest approximately $200 million for a 49% stake in India-based Radiant Life Care with a view to helping the specialty hospital operator expand its network of facilities nationwide.
Affinity submits $1.6b offer for Australia's Vocus
Affinity Equity Partners has submitted a bid to buy Australian high-speed broadband internet provider Vocus Group for about A$2.2 billion ($1.6 billion), matching an offer made by KKR.
KKR's credit unit offers $499m for Australia's Pepper
KKR Credit Advisors (KCA) has made a A$655 million ($499 million) offer for Australian mortgage lender and distressed debt servicer Pepper Group.
KKR to buy majority stake in Australia's Dixon Hospitality
KKR has agreed to acquire a majority interest in Dixon Hospitality, which operates a portfolio of more than 40 food and beverage outlets across major cities in Australia. The capital will come from the GP's third pan-Asian fund, which closed earlier this...
Western Digital, KKR resubmit bid for Toshiba memory unit
Western Digital and KKR have resubmitted an offer for Toshiba’s Nand flash memory business, despite the Japanese conglomerate last week naming a consortium featuring Bain Capital as the preferred bidder in the JPY2 trillion ($18 billion) deal.
KKR hires Blackstone MD to lead Japan capital markets team
KKR has selected Go Yamashita, a former managing director with The Blackstone Group, to head the KKR Capital Markets (KCM) team in Japan.
Bain, INCJ consortium named preferred bidder for Toshiba chip unit
Japanese conglomerate Toshiba has selected a consortium led by the Innovation Network Corporation of Japan (INCJ) and including Bain Capital as the preferred bidder in the sale of its Nand flash memory unit, Toshiba Memory Corporation (TMC).
KKR founders, Fosun join $22m round for Japan's Seven Dreamers
KKR co-founders Henry Kravis and George Roberts have joined a group of investors including Chinese conglomerate Fosun International in a JPY2.5 billion ($22.8 million) round for Seven Dreamers Laboratories, a Japan-based manufacturer of personal-use devices....
Japan carve-outs: Chips off the block
Divestment activity by Japanese conglomerates is finally translating into meaningful private equity deal flow, but unwinding people and assets from longstanding parents presents execution challenges
Asia fundraising: Demand and supply
Capital is pouring into the asset class, globally and in Asia, to the benefit of brand-name buyout managers. Deploying a large fund in Asia means squeezing as much deal flow as possible out of each jurisdiction
Fund focus: Safe hands
With $9.3 billion in dry powder, KKR aims to capitalize on growing big-ticket opportunities in the region. The large and rapid fundraise is further evidence of the flight to quality among LPs
KKR bids $1.6b for Australian telecom player Vocus
KKR has offered to acquire Vocus Group, one of Australia's leading high-speed broadband internet providers, in a deal worth approximately A$2.1 billion ($1.6 billion).
KKR closes third Asian fund at $9.3b
KKR has closed its third pan-regional fund at $9.3 billion, breaking its own record for the largest pool of private equity capital ever raised for deployment in Asia. The fundraising process took less than seven months and the vehicle is said to have...
Vietnam investment: Familiar faces
Regional private equity firms are refocusing on Vietnam, widening the exit options for local GPs that specialize in bringing companies to scale. But sizeable deals are scarce and valuations are rising
KKR completes exit from China's Rundong Auto with $51m sale
KKR has fully exited its remaining 11.8% stake in car dealership China Rundong Auto Group for HK$395 million ($50.7 million), ending a seven-year association that included an IPO in Hong Kong in 2014.
New York State Common backs KKR's third Asian fund
New York State Common Retirement Fund (NYSCRF), the third-largest pension fund in the US, has committed $275 million to KKR’s third Asian fund, which has an institutional hard cap of $8.5 billion.
KKR, JIP seek $2.3b buyout of Japan's Hitachi Kokusai Electric
KKR has announced its third tender offer for a Japanese company in six months, teaming up with Japan Industrial Partners (JIP) and Hitachi on a JPY257.1 billion ($2.3 billion) bid for Hitachi Kokusai Electric.
KKR exits India's Dalmia Bharat for $238m
KKR has sold its entire stake in Indian conglomerate Dalmia Bharat (DBL) for INR15.3 billion ($238 million).
PE consortium ups bid for Australia's Tatts
A consortium comprising Morgan Stanley Infrastructure, KKR, First State Super and Macquarie has increased its buyout offer for Australian lottery operator Tatts Group. It now values the company at A$7.6 billion ($5.7 billion).
The devil you know: PE and Southeast Asian entrepreneurs
Due to a shortage of companies in Southeast Asia that have proved themselves capable of working private equity, when GPs identify a group they like it is not uncommon for them to work together more than once
Deal focus: KKR returns to Masan, PENM exits
KKR will team up with Vietnam's Masan Group for a second time, committing $250 million to the parent and its meat industry subsidiary. The GP's entry facilitates a partial exit for long-standing investor PENM Partners
KKR secures $5.8b first close on third Asian fund
KKR has reached a first close of just under $5.8 billion on its third pan-Asian fund. The vehicle has an institutional hard cap of $8.5 billion, with a further $700 million in commitments from the firm’s balance sheet and management team.
KKR commits $250 million to second Vietnam consumer play
KKR has entered into a second partnership with Masan Group – just over a year after exiting the first with a more than 2x return – through a $250 million commitment to the Vietnamese conglomerate and its branded meat subsidiary.