KKR
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...
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...
PE & PR: A good citizen
Private equity globally is under more scrutiny from more directions than ever before, placing a higher value on good branding and reputation. Does the asset class also suffer from the same profile problem in Asia?
Asia fundraising: A divided market
Global and local players are in the market trying to raise new regional and country vehicles. The former can rely on institutional relationships and IR might to get the job done. The latter face a resources squeeze
SE Asian private equity deals to rebound in 2013 - Bain & Co
Southeast Asia’s private-equity investments are expected to pick up next year as the region’s improving economic outlook attract new funds, said Sebastien Lamy, a partner at Bain & Co. He projects transactions across the region in 2012 to match last...
Bravia Capital in talks with SpiceJet
Hong Kong-based Bravia Capital, which focuses on investment in the transportation and logistics sector, is in talks to invest in Indian budget airline SpiceJet.
KKR opens office in Singapore
KKR opened its office in Singapore on Thursday – its seventh in Asia and 15th globally – as a base for its investment activities across Southeast Asia.
Great expectations: Buyout firms in Southeast Asia
Global buyout firms are deploying more resources in Southeast Asia and expect to see stronger deal flow. But are there enough mid- to large-size transactions to go around, and will they come at reasonable prices?
TPG, Affinity-backed UTAC seeks to refinance debt – report
United Test & Assembly Center (UTAC), the Singapore precision engineering firm owned by TPG Capital and Affinity Equity Partners, is said to be seeking to refinance a portion of its debt through a $600 million bond issue.
INCJ-led consortium to complete $2.5b Renesas rescue - report
A consortium led by Innovation Network Corporation of Japan (INCJ) is said to be nearing a JPY200 billion ($2.55 billion) deal to buy ailing Japanese chipmaker Renesas Electronic Corp.
Japan’s INCJ to compete with PE on national interest grounds
Innovation Network Corp of Japan (INCJ) is prepared to compete with privately-owned firms where doing so would be in the country's national interest. It comes after the Japanese government fund was said to be mulling making an offer last month for Renesas,...
PE marginalized on Japan restructuring
The outbound trend sweeping through Japanese private equity owes a partial debt to last year’s earthquake, tsunami and subsequent nuclear crisis. Yes, the economic, demographic and industrial arguments for overseas expansion have been coalescing for...
Global buyout firms see rich pickings in Japan – AVCJ Forum
The scope for private equity buyouts in Japan is widening due to falling public market valuations and clear opportunities for value-add within portfolio companies, according to panelists at the AVCJ Japan Forum, which opened in Tokyo on Thursday.
Lazard extends Australia corporate advisory reach
Lazard Australia has agreed to purchase independent corporate advisory firm O’Sullivan Partners. The Sydney-based player is an acknowledged media specialist and can also claim to have won several notable private equity mandates, including three from...
The sun is rising again for Japanese private equity
Is the Japanese private equity industry finally turning the corner? The simple answer to that is yes.
Shandong Heavy invests $922m in PE-backed Kion
Weichai Power, a Chinese automotive and equipment manufacturer owned by Shandong Heavy Industry, will invest EUR738 million ($922 million) in Kion, the German forklift truckmaker backed by KKR and Goldman Sachs. It is the largest Chinese direct investment...
Bain, KKR target 30% stake in Lanco power business - report
Bain Capital and KKR are reportedly in discussions with Lanco Infratech to buy a 30% stake in its power projects. Lanco has been trying to raise around $750 million in equity since the start of the year.
Renesas shares spike on report of KKR investment
Shares in Japan’s Renesas Electronics Corp. have soared to their highest level in almost three months after it was reported that KKR will invest JPY100 billion ($1.3 billion) in the company.