KKR
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...
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.
Panasonic's healthcare business to attract 10 PE bidders - report
Around 10 private equity firms and a handful of strategic investors are expected to enter first-round bids for Panasonic's healthcare unit.
China Development Bank to provide financing for PE, Weichai-backed Kion
China Development Bank will provide EUR500 million ($647 million) in financing to support the partnership between Weichai Power, a Chinese automotive and equipment manufacturer, and Kion, a German forklift truck maker backed by KKR and Goldman Sachs....
Financial services in China: Carving a niche
With investment opportunities in China's traditional banking and insurance industries limited, private equity firms are looking to niche financial services. What have they found in the shadows?
China value-add: Empty promises?
Pulled by a desire to buy and build or pushed by a need to address restricted exit options, PE firms in China are placing greater emphasis on operational value-add. LPs must decide who’s all talk and who is action
KKR exits Australia's Seven West Media
KKR has exited its stake in Australia’s Seven West Media via the public market, raising around A$265 million ($260 million). The private equity firm invested in what was then Seven Media Group in 2006 at the height of the buyout boom, before merging...
KKR to raise $365m structured credit fund – report
KKR is said to be targeting INR20 billion ($365 million) for an India debt fund that will invest in mezzanine and structured credit instruments. Its India Alternative Credit Opportunities Fund I was registered with the Securities and Exchange Board of...
KKR, CDH near end of dairy value-add story
After months of conjecture, and even a regulatory disclosure outlining its intent, China Mengniu Dairy has finally built up a commanding stake in its long-standing milk supplier China Modern Dairy. Mengniu already owned 1% of the company and has now added...
KKR, CDH in 2.9x partial exit from China Modern Diary
China Mengniu Dairy, the country’s largest dairy producer, plans to buy 26.9% of China Modern Dairy for HK$3.18 billion ($410 million). The transaction facilitates the partial exit of KKR and CDH Investments, generating a 2.9x gross return.
Carlyle launches Japan fund with $2b target - report
Carlyle is said to have launched its latest Japan-focused buyout fund with a target of $2 billion.
NYSTRS commits $85m to KKR’s second Asia fund
New York State Teachers’ Retirement System (NYSTRS) has committed $85 million to KKR’s second Asia fund. The vehicle had received $4.8 billion from investors as of mid-April and is expected to announce a final close of $6 billion within the next two...
KKR kicks tires, buys Alliance
India is expected to see an increasing number of secondary buyouts in the next couple of years as GPs look for ways to monetize existing portfolios in the face of a difficult public market environment. While KKR's acquisition of Warburg Pincus' majority...
1Q analysis: Hard times
Mixed fortunes for Asia buyout funds on the road; large-cap deals weaken, but venture capital activity is on the rise; exits one of few bright spots thanks to spurt in trade sales
KKR pays $500m for Warburg's Alliance Tire Group stake
KKR has agreed to buy Warburg Pincus’ controlling stake in Indian tire make Alliance Tire Group. Terms were not disclosed, but sources familiar with the transaction told AVCJ that KKR will pay $450-500 million for an approximately 75% stake as well...
KKR to pay $500m for Warburg Alliance Tire stake – report
KKR has reportedly agreed to pay about $500 million for Warburg Pincus’ stake in Indian tire manufacturer Alliance Tire Group.
KKR appoints turnaround specialist as Japan CEO
KKR has hired Hirofumi Hirano, who led the AlixPartners team that advised on the turnaround of Japan Airlines, as managing director and CEO for its Japan operations. Current CEO Shusaku Minoda has been promoted to chairman.
KKR sees 5x return on Japan's Intelligence Holdings - Update
KKR will sell Japanese recruitment services provider Intelligence Holdings to Temp Holdings for JPY68 billion ($721 million), including debt. The PE firm's equity exit is worth JPY51 billion ($537 million), putting it on course for a more than 5x money...