KKR
KKR backs desert-farming solution
Tough climatic challenges are in store for South Australia, already the nation's driest state. Agriculture, which is worth more than $5 billion each year to the state, will increasingly be affected by rising temperatures and reduced rainfall.
The trust factor: Repeat buying in Asian PE
Navis Capital Partners completed a management buyout of Dome Coffees Australia in 2003. The business grew and Navis prospered, securing a 3.5x return on exiting the asset via another management buyout five years later. Fast forward to September 2014 and...
Italy's Bonomi raises offer for Fosun target Club Med
Andrea Bonomi has raised the stakes in the battle for Club Méditerranée (Club Med), increasing his offer for the vacation resort operator just days after a consortium led by China’s Fosun International submitted an improved bid.
KKR backs Australian agribusiness specialist
KKR has committed at least $100 million to Sundrop Farms Holdings, an Australian agribusiness company that has developed technology for growing crops in arid climates.
Taiwan regulators promise greater transparency – AVCJ Forum
Local regulators stressed their commitment to encouraging private equity investment as industry participants at the AVCJ Taiwan Forum urged the government to appreciate the role the asset class can play in shoring up the island’s slowing economy.
Private debt: Enforcement issues
Investors see great potential in Asia’s private debt markets, but some GPs and LPs’ attitudes towards downside protection and enforceability keep them out of emerging markets
KKR adds to Capstone team in Australia
KKR has bulked up its operations capabilities in Australia with the addition of Matthew Claughton as a director with Capstone. He will be based in Sydney.
KKR, CITIC offer to buy controlling stake in United Envirotech
CITIC and KKR have offered to buy a controlling stake in United Envirotech (UEL) in a deal that values the Chinese waste water treatment company at S$1.9 billion ($1.5 billion).
PE firms must strike balance between expanding, preserving culture - AVCJ Forum
Private equity firms that expand across multiple strategies benefit from having an institutionalized platform, but creating a consistent culture and delivering consistent performance can be challenging, industry participants told the AVCJ Forum.
Levin Zhu resigns as CEO of CICC
Levin Zhu, son of former Chinese premier Zhu Rongji, has resigned as CEO and chairman of the management in China International Capital Corporation (CICC) after 16 years.
Australia's Treasury Wines ends PE buyout talks
Australia’s Treasury Wine Estates (TWE) has ended talks with two private equity suitors, TPG Capital and a consortium comprising KKR and Rhône Capital, after deciding the offer was too low.
KKR restructures Asia leadership team
David Liu and Ming Lu have been appointed co-heads of Asia private equity at KKR as several members of the firm’s leadership team across the region assume additional responsibilities. Joe Bae remains head of KKR Asia and chairman of the regional investment...
KKR to up stake in Indonesia's Tiga Pilar Sejahtera Food
KKR will acquire a further 10% of Indonesian rice and noodle producer Tiga Pilar Sejahtera Food (TPSF) for IDR658 billion ($55 million). The PE firm first invested in TPSF last year, representing its first deal in Indonesia.
KKR agrees $164.2m financing package for India's GMR Infra
KKR has agreed to invest INR10 billion ($164 million) in ailing Indian infrastructure conglomerate GMR Holdings (GMR), the parent of GMR Infrastructure (GIL), via a structured credit facility.
SAI Global process ends with no full buyout offer
SAI Global, the Australian risk management and standards compliance business that launched a sale process after receiving a A$1.1 billion ($1 billion) buyout offer from Pacific Equity Partners (PEP), has received no final bids for the entire company....
KKR completes privatization of Singapore's Goodpack
KKR has completed the S$1.4 billion ($1.1 billion) acquisition of intermediate bulk container (IBC) manufacturer Goodpack. The company delisted from the Singapore Exchange on September 15.
KKR to buy majority stake in Japanese DJ equipment business
KKR has agreed to buy Japanese electronics manufacturer Pioneer Corporation’s DJ equipment division for around JPY59 billion ($551 million). Pioneer will retain a minority interest in the business.
PEP, KKR target SAI Global extends bid deadline
Australian risk management and standards compliance business SAI Global – which is subject to a takeover bid from Pacific Equity Partners (PEP) and KKR – has extended the deadline for other offers.
KKR loses India private equity head
Heramb Hajarnavis, a director and leader of KKR’s private equity business in India, is leaving the firm to pursue other opportunities.
KKR completes full exit from China Modern Dairy
KKR has fully exited China Modern Dairy after a six-year holding period. The PE firm only held a small minority stake in the business, having made a substantial exit to China Mengniu Dairy last year.
KKR invests $400m in Chinese chicken processor Sunner
KKR has agreed to pay $400 million for an 18% stake in Chinese chicken producer Fujian Sunner Development - the latest in a string of investments intended to leverage consumer demand for food quality and safety.
KKR appoints Indonesia head
KKR has appointed Jaka Prasetya, former managing partner and founder of Leafgreen Capital Partners, as managing director with responsibility for Indonesia. He will also work on the firm’s credit and special situations initiatives in Southeast Asia.
KKR enters Australia real estate market
KKR and Australia Securities Exchange-listed Abacus Property Group have together agreed to buy a majority stake in three office towers that form part of Melbourne’s World Trade Centre (WTC) for A$120.4 million ($112.3 million).
Goodpack shareholders back KKR buyout
Shareholders of Singapore-listed Goodpack, the world largest maker of intermediate bulk containers (IBCs), have approved a S$1.4 billion ($1.1 billion) take-private offer made by KKR.