KKR
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.
KKR-backed Rundong drops on HK debut
Rundong Auto Group,a Chinese car dealership backed by KKR, saw its shares drop as much as 16% on its Hong Kong trading debt on Tuesday, following a $124 million IPO.
India economics: The Modi effect
The election of Narendra Modi has breathed new hope into India’s beleaguered economy, with private equity investors anticipating much-needed reforms. But the road to recovery is long and likely uneven
Australia's Treasury Wines receives competing buyout offer
Australia’s Treasury Wine Estates (TWE) has received a buyout offer from TPG Capital that values the company at A$3.37 billion ($3.15 billion), matching a revised bid submitted by KKR and Rhône Capital last week.
PE-backed CICC to pick advisers for IPO – report
The private equity-backed China International Capital Corporation (CICC), China’s largest investment bank, has reportedly picked ABC International Holdings and CCB International as joint sponsors for its Hong Kong IPO.
KKR-backed Rundong Auto IPO prices at bottom of range
Rundong Auto Group, a Chinese car dealership chain backed by KKR, has raised $124 million in its Hong Kong IPO, after pricing the offering at the bottom end of the indicative range.
KKR, Rhône make renewed $3.15b offer for Australia wine-maker
KKR, together with Rhône Capital, has made a revised A$3.37 billion ($3.15 billion) offer to acquire Australia Securities Exchange (ASX)-listed Treasury Wine Estates.
KKR-backed Rundong Auto launches $138 HK IPO
Rundong Automobile Group, a Chinese car dealership company backed by KKR, has launched its Hong Kong IPO today with a view to raising up to HK$1.07 billion ($138.1 million).
Ex-KKR Asia fundraiser joins Neuberger Berman as advisor
Clifford Chiu, who stepped down from his fundraising role at KKR earlier this year, has become a senior advisor to Neuberger Berman Asia. He will help build the investment manager’s client base across the region.
Control deals cast light on Asia GPs' value creation credentials - AVCJ Forum
Private equity investors are seeing more control deals in emerging Asian markets traditionally dominated by growth capital, which in turn gives LPs greater visibility as to GPs’ operational capabilities.
KKR, PEP to make joint bid for Australia's Sai Global - report
KKR will reportedly team up with Australian private equity firm Pacific Equity Partners (PEP) to bid for risk management and standards compliance business SAI Global.
Abe's third arrow is Japan PE's 'best-ever chance' - AVCJ Forum
Prime Minister Shinzo Abe's third arrow of structural reform - and his ability to push it through - could present the best-ever opportunity for a resurgent Japan, industry participants say.
The food thesis
Food has and continues to be one of the more compelling investment theses for private equity in China. The first phase of the consumer story was leveraging the emergence of discretionary consumption - households with sufficient income to choose one brand...
PE must prove value credentials to China targets - AVCJ Forum
Private equity investors in China must be more careful picking sectors and prepared to work harder to secure deals and deliver acceptable returns, industry participants told the AVCJ China Forum.
PE consortium to build hog farms with China’s COFCO Meat
KKR, Baring Private Equity Asia, Hopu Investments and Boyu Capital will invest in COFCO Meat, a subsidiary of Chinese agricultural conglomerate COFCO Group, to develop hog farms and meat processing plants.
KKR buys Korean commercial property
KKR has teamed up with Hong Kong-based hedge fund LIM Advisors to acquire a commercial property in Seoul’s central business district. It is the private equity firm’s first real estate deal in South Korea.
PE-backed Café Coffee Day eyes $1b India IPO - report
Café Coffee Day - the Indian café chain backed by KKR, Standard Chartered Private Equity (SCPE)and New Silk Route Advisors (NSR) - is said to be considering an IPO next year.