KKR
Taiwan buyouts: Back from the brink?
After a spike in buyouts in the mid-2000s, Taiwan sank from view due to private equity firms’ concerns about unpredictable deal approvals. Regulators are now trying to tempt them back with promises of reforms
KKR, Bain to enter final bidding for Panasonic healthcare unit - report
KKR, Toshiba Corp. and a consortium including Bain Capital, Mitsui & Co. and Development Bank of Japan are expected to participate in the final round of bidding for Panasonic’s healthcare unit.
Qianhai: Beyond the hype
The Qianhai economic zone in Shenzhen is being primed as China's next global financial services hub, a place where private equity firms can raise local currency funds from overseas investors. How is it getting on?
Seven PE firms, strategics bid for Hong Kong's ParknShop – report
Seven private equity and strategic investors have reportedly submitted initial offers for ParknShop, the Hong Kong supermarket chain owned by Hutchison Whampoa. The business, which is ultimately controlled by Li Ka-shing, Asia’s wealthiest individual,...
Carlyle registers third Japan fund
The Carlyle Group has registered its third Japan buyout fund with the US Securities and Exchange Commission (SEC). Although initial reports put the target at $2 billion, sources told AVCJ in June that the GP was looking for around $1 billion.
KKR seeks investors to expand India NBFC
KKR is in talks with overseas investors to infuse capital into its non-banking financial company (NBFC) in India, KKR India Financial Services.
Australia mining: Swings and roundabouts
The end of the commodities super-cycle in Australia has impacted both mining companies and the businesses that serves them. Private equity can benefit, but only if it digs deep
China Molybdenum beats strategics, PE to Rio Tinto copper mine stake
China Molybdenum (CMOC) has fought off competition from PE and strategic investors to acquire an 80% stake in Rio Tinto's Northparkes copper mine in Australia for $820 million.
KKR seals debut Indonesia deal
KKR will become the second-largest shareholder in Indonesia’s Tiga Pilar Sejahtera Food (TPSF) after agreeing to buy an approximately 9.5% stake for an undisclosed sum. The investment, which is being made through funds advised by KKR Asset Management,...
Q&A: KKR's Joe Bae
KKR last week announced a final close of $6 billion on its second pan-Asia fund, the largest vehicle of its kind ever raised in the region. Joseph Bae, KKR's head of Asia, tells AVCJ how it will be deployed
2Q analysis: China in the spotlight
All is not well for China PE investment with one big deal disguising a period of relative inactivity; China exits, on the other hand, are prospering; and Asia PE fundraising is, of course, struggling
KKR raises largest-ever pan-Asia private equity fund
KKR has announced a final close of $6 billion on its second pan-Asian fund. Coming in 50% larger than its 2007 vintage predecessor, the fund is the largest regional private equity pool ever accumulated.
Governance issues could undermine Japan's economic reforms - AVCJ Forum
Prime Minister Shinzo Abe’s economic reforms have provided a boost for Japanese private equity but issues surrounding corporate governance continue to be a barrier to opportunities, industry participants told the AVCJ Japan Forum.
KKR-backed GenesisCare taps US debt markets
GenesisCare, a healthcare business controlled by KKR, has become the latest Australian PE-backed company to refinance its debt via the US high-yield market. A string of corporates are taking advantage of strong liquidity in the US leveraged market, where...
TPG eyes $2b second close on Asia fund, reduces final target – report
TPG Capital is said to be approaching a second close of $2 billion on its sixth Asian fund. The private equity firm has reduced the final target to $3.5 billion from $4 billion - it was originally said to be seeking $5 billion - and expects to reach a...
Carlyle to exit Yashili stake to China Mengniu Dairy
The Carlyle Group has agreed to sell its 24% stake in Yashili International to domestic rival China Mengniu Dairy for about HK$3 billion ($387 million). This is part of a Mengniu bid for a majority interest in Yashili - its second lateral investment...
Yageo shareholders block private equity deal
Shareholders of Taiwanese electronic components manufacturer Yageo Corporation have blocked a $1.65 billion private equity deal put forward by company management.
Giant maintenance: PE and corporate Japan
Restructuring is a compelling story in Japanese private equity, but deal access is constrained by perception issues and government-linked competition. Will the there be anything left for foreign players?
PE-owned Dutch waste company sells subsidiary to Cheung Kong Infrastructure
A Dutch waste management provider owned by CVC Capital Partners and KKR has exited its energy-from-waste (EfW) subsidiary to a consortium led by Cheung Kong Infrastructure (CKI) for EUR940 million ($1.27 billion). It is the Hong Kong-based company’s second...
KKR, Blackstone, Carlyle among bidders for SingTel Australia unit - report
KKR, The Blackstone Group and The Carlyle Group are said to have submitted first-round bids for Optus Satellite, the Australian satellite unit of Singapore Telecommunications (SingTel).
Safety first: Investing in China's food supply chain
Driven by rising disposable incomes and lower confidence in food safety, Chinese consumers are willing to pay a premium for quality. PE firms have identified the opportunity, but taking it can be difficult
PE-backed TVS Logistics makes second bolt-on this year
TVS Logistics, an Indian supply chain manager backed by KKR and Goldman Sachs, has acquired US-based Wainwright Industries for INR500 million ($8.8 million).
End of an era as KKR sells Seven West
With KKR's exit from Seven West Media, the two investments that arguably defined Australia’s boom market of the mid-2000s have now entered the history books.
China's CIC names ex-ICBC executive to head supervisory board
China Investment Corp. (CIC) has named Xiaopeng Li, a former vice president at Industrial & Commercial Bank of China (ICBC), as head of its supervisory board. He replaces Liqun Jin, who spent five years in the role.