KKR
Fairbridge Capital acquires Thomas Cook India for $150m
Fairbridge Capital, a subsidiary of Fairfax Financial Holdings, has acquired the Indian arm of Thomas Cook, the second-largest holiday maker in Europe, for INR8.17 billion ($150 million).
KKR raises one-third of $6b Asia fund – report
KKR has reportedly attracted commitments of $2 billion in the first round of capital raising for its new Asia fund, which has a final target of as much as $6 billion. The news comes after The Carlyle Group made initial approaches to investors regarding...
KKR ends takeover talks with Pacific Brands
Melbourne-based underwear manufacturer Pacific Brands said on Tuesday that a takeover from parties including KKR is unlikely in the near term.
CalPERS commits $500m to Blackstone, $100m to PAG
California Public Employees’ Retirement System (CalPERS), the biggest US public pension fund, is going to commit $500 million to a managed account overseen by Blackstone Group. Another $100 million will be distributed to Hong Kong-based PAG.
India's VRL Logistics gets $33m from New Silk Route
VRL Logistics, a Karnataka-based logistics and transport company, has received an INR1.75 billion ($33 million) capital injection from New Silk Route (NSR). The investment comprises INR1.25 billion in new equity and INR500 million for a stake held by...
KKR, Goldman back Indian logistics provider
Ford Motors sold nearly 100,000 cars in India last year and a further 22,000 units manufactured in the country were exported overseas. Every single component that went into each vehicle was handled by TVS Logistics.
KKR, Goldman invest $53m in India's TVS Logistics
KKR has agreed to invest $47 million in TVS Logistics, an Indian supply chain manager that services the auto, distribution, electronics and component manufacturing industries. As part of the transaction, existing investor Goldman Sachs will inject a further...
TPG approaches first close of $1.5b on Asia fund
TPG is nearing a first close of its latest Asian buyout fund on $1.5 billion, bringing the private equity giant one step closer to its goal of raising at least $4 billion for the region.
KKR takes 24% stake in China blood banker
It is a newborn child's first-ever insurance policy: Cord blood, rich in stem cells, is taken from the umbilical cord shortly after birth and placed into storage, only to be used if the child is later stricken by a serious illness. Cord blood can help...
China's private equity talent war
The pace of growth in China’s private equity industry hasn’t been matched by the development of a pool of qualified local investment professionals. Firms are busy building from the bottom and poaching at the top
KKR in new push for MMI IPO – report
KKR has reportedly revived plans to exit MMI International, the precision-engineering company it took private in 2007, through a Singapore IPO. The offering could generate $400-500 million, but it is unclear how much of its holding the private equity...
Carlyle targets $762m in IPO
The Carlyle Group is seeking to raise as much as $762.5 million through its initial public offering. This would value the company at up to $7.6 billion, less than half the current market capitalization of The Blackstone Group and more than $2 billion...
PE-backed Coffee Day plans $78m India expansion
Coffee Day Group, a diversified Indian business backed by Standard Chartered Private Equity (SCPE), KKR and New Silk Route, plans to spend INR4 billion ($77.9 million) on expanding its operations this year. The firm has indicated it might then look at...
Oaktree files for $595m IPO
Oaktree Capital Group, the US-based debt-focused private equity firm, has filed for an IPO that could raise up to $595.1 million. Co-founders Howard Marks and Bruce Karsh stand to take away as much as $117.2 million each from the sale.
John Mack joins KKR's senior advisory team
John Mack, former chairman and chief executive officer of Morgan Stanley, has joined KKR as a senior adviser. Mack is known for his strong ties to China, having advised the likes of China Investment Corp. (CIC) and the Beijing and Shanghai governments....
KKR India recruits Tashwinder Singh as director
KKR has hired Tashwinder Singh as a director of its India arm based in Mumbai. He joins from Citigroup India, where he spent more than 18 years.
Carlyle, Everstone join race for Thomas Cook India - report
The Carlyle Group, Everstone Capital, TA Associates and Bravia Capital have joined the likes of KKR and Actis in competing for Thomas Cook India.
PEP wants investment partner for Link – report
Pacific Equity Partners (PEP) is reportedly looking to raise additional capital for portfolio company Link Group, which is valued at some A$1.4 billion ($1.48 billion).
Harvey Norman and Specialty Fashion top targets for PE – Citi
Australian retailers Harvey Norman and Specialty Fashion Group are strong targets for a private equity takeover, according to Citigroup.
Premji invests $25m in Fabindia
Premji Invest, the $1 billion private equity vehicle backed by Wipro Group chairman Azim Premji, has invested INR1-1.25 billion ($20-25 million) for a 7% stake in Indian fashion company Fabindia.
TPG rivals mull bids for Billabong – report
The Blackstone Group and KKR are reportedly considering bids for Billabong after the Australian surfwear company rejected TPG Capital’s A$841 million ($904 million) offer but said it was willing to engage with any party that make an attractive proposal....
KKR, TPG consider AsiaInfo bid – report
Several private equity firms – including KKR and TPG Capital – and strategic investors are reportedly considering bids for AsiaInfo-Linkage, the US-listed firm that is already subject to a buyout offer from CITIC Capital.
Operating partners: The social network
Operating partners now form the backbone of most private equity firms, in a variety of different guises. Samena Capital’s take on this concept recognizes the importance of relationships in Asia
Narula to sell Lilliput, allowing Bain and TPG to exit
Lilliput, the kidswear brand that has been embroiled in bitter fight with shareholders Bain Capital and TPG Capital, plans to sell off its brands and retail business.