KKR
KKR's Asia fund 'practically closed' – Kravis
KKR’s second Asia fund is “practically closed” having exceeded its $6 billion cap, according to Henry Kravis, co-chairman of the private equity firm. This confirms earlier reports that the fund – the largest vehicle ever raised in the region, topping...
KKR, Allegro target Australia's ailing Geon
KKR and Allegro Funds have placed Australian commercial printing company Geon Group into administration and are looking to buy parts of the business out of receivership. The pair became creditors last year following the acquisition of a portfolio of distressed...
OTPP in running for Leighton asset – report
Ontario Teachers' Pension Plan (OTPP), Canada’s third-largest pension fund, is reportedly among the final bidders for NextGen, the fibre-optics business being sold by Australian contractor Leighton Holdings. The deal could be worth as much as A$870 million...
GPs upbeat on ailing Japan
Private equity investors expect to see more buyout opportunities in Japan despite a weak deal environment in recent years and ongoing concerns about the country's economy.
KKR boosts Asia business by offering outbound deal access
Building relationships and generating deal flow in Asia doesn’t necessarily involve starting in Asia, according to Joe Bae, regional head of KKR. The private equity firm has made inroads in Japan, South Korea and China by providing local partners with...
KKR shows its conviction in Masan
KKR has doubled down on the Vietnam consumer story. Following a $159 million commitment to Masan Consumer Corp. (Masan) in April 2011, the largest investment in the country from a private equity fund, KKR broke its own record last week by injecting a...
Project Europe: China targets high-end manufacturing
Chinese strategic investors are bidding up manufacturing assets in Europe. There is room for PE players to participate, but they will generate value by identifying high-tech targets early in the value chain
KKR boosts Masan Consumer stake with $200m investment
KKR has more than doubled its investment in Vietnam’s Masan Consumer Corp. (Masan), committing $200 million on top of the $159 million it paid for a 10% stake in the company two years ago. It is the largest ever private equity investment in Vietnam, breaking...
India Awards: PE Professional of the Year – Sanjay Nayar
As head of KKR India, Sanjay Nayar presides over a private equity operation that is becoming ever more diversified to meet the needs of local entrepreneurs. He shared his market outlook with AVCJ.
KKR to put another $40m into United Envirotech
KKR has agreed to invest $40 million in United Envirotech (UEL), a Chinese water treatment and recycling solution provider. The private equity firm previously subscribed to $113.8 million convertible bonds issued by UEL in October 2011.
Warbug Pincus to exit India's WNS Global – report
Warburg Pincus is reportedly in talks with The Carlyle Group, KKR and Baring Private Equity Partners India to sell its 29% stake in business process outsourcing (BPO) firm WNS Global.
Lafarge in talks with PE to sell part of India business
Lafarge is in talks with private equity and financial firms to sell 20-25% of its India unit for about $300 million. The divestment is part of a wider effort from the French cement maker to divest non-core assets and reduce debt levels to below EUR10...
China's Weichai could raise Kion stake to one third
Weichai Power, a Chinese automotive and equipment manufacturer owned by Shandong Heavy Industry, has obtained the option in increase its stake in German forklift truck maker Kion to one third. The company owns 25% of the business and already has an option...
KKR raises $6b for Asia fund - report
KKR is said to have reached the $6 billion target for its second pan-Asia fund. It is the largest vehicle ever raised in the region, topping the $4.25 billion raised by TPG Capital for its fifth Asia fund in 2007.
KKR, Providence battle for Australia's NextGen – report
KKR is said to have joined Providence Equity Partners and TPG Telecom in the bidding for NextGen, the fibre-optics business being sold by Australian contractor Leighton Holdings.
GPs see more secondary deals, stress entrepreneur alignment – AVCJ India Forum
The Indian private equity industry is now diversifying its exit channels in the light of a conspicuous lack of public market deals, GPs told the AVCJ India Forum. Secondary transactions could be an alternative, but alignments with entrepreneurs is the...
Teutonic ambitions
Another week, another Chinese strategic acquisition of a German manufacturing asset. The most recent case involves Fusheng Industrial, Greater China's leading producer of industrial air compressors, buying its German rival ALMiG Kompresssoren.
Beyond banks: Alternative financing in India
Recognizing India’s demand for financial products that involve more than just equity, traditional PE firms are targeting structured credit, joining distressed players that used to call the territory their own.
CITIC Capital in advanced talks on AsiaInfo take-private – report
CITIC Capital is reportedly close to securing a management buyout of AsiaInfo-Linkage, the US-listed telecoms software manufacturer, to take the company private. The companies are said to be in advanced talks and the deal was thought to be worth around...
PE-backed Bharti Infratel set for IPO next month – report
Bharti Infratel, the Indian telecoms infrastructure subsidiary of Bharti Airtel, is expected to launch its $900 million IPO next month. The intended flotation – which has been mooted for more than a year – will be the country’s largest in two years after...
Auctions: The new normal
Private equity firms love selling assets via auction but hate buying them through such channels. As Asian company owners become more sophisticated, bidding contests for large assets are becoming more frequent.
Australia's PageUp People gets $10m from Accel-KKR
Accel-KKR, a Silicon Valley-based PE firm, has invested $10 million for an undisclosed stake in PageUp People, an Australian firm that provides software for tracking worker performance.
Tata Capital to set up $1b fund with Power Finance
Tata Capital has teamed up with Power Finance Corp (PFC), an Indian power sector financing specialist, to set up a $1 billion private equity fund to invest in domestic power projects.
KKR, Allegro pick up Australasian loan portfolio from BOS
KKR’s special situations business has teamed up with Australia’s Allegro Funds to acquire a portfolio of commercial loans from BOS International. The sale came after Lloyds International, BOS’ parent, conducted a review of its Australia and New Zealand...