KKR
Bain emerges as winner in MYOB auction
Bain Capital is to acquire Australian business software maker MYOB from Archer Capital and HarbourVest Partners for approximately A$1.2 billion ($1.3 billion). It outbid private equity rival KKR and UK software maker Sage, which was earlier said to be...
Market volatility hits US-listed buyout firms
Publicly traded buyout firms have seen their share prices fall 19-27% so far in August, compared to a 9.5% drop in the Dow Jones Industrial Average. As the market troubles escalated yesterday, with the Dow retreating 3.7%, Blackstone Group, KKR, Apollo...
Sage set to acquire PE-owned MYOB
UK software maker Sage is believed to have acquired Australian accounting software company MYOB from private equity owners Archer Capital and HarbourVest Partners, beating Bain Capital and KKR, sources close to the auction tell AVCJ.
SABMiller launches hostile takeover bid for Foster's
SABMiller has launched a hostile takeover bid for Foster’s, worth A$9.5 billion ($10 billion), after the Australian brewer refused to negotiate on its initial proposal two months ago. SABMiller said Wednesday that it would put its A$4.90 per share cash...
AVCJ Forum: More than meets the eye
In the June 22 edition of this column, I shared a conversation with a venture capitalist about the reasons why it makes sense for VCs to attend the AVCJ Forum (www.avcjforum.com) in November. Basically, senior partners of the larger private equity and...
Sage joins MYOB auction
UK software maker Sage has submitted a bid to acquire Australian accounting software rival MYOB from private equity owners Archer Capital and HarbourVest Partners, joining Bain Capital and KKR in the auction, according to domestic reports.
Bain, KKR submit finalized bids for MYOB - report
Bain Capital and KKR have submitted their final bids for Australian accounting software provider MYOB, which is currently owned by Archer Capital and HarbourVest Partners. The deal could be worth more than A$1 billion ($1.05 billion), Reuters reported....
Bain, KKR to bid for PE-owned MYOB - report
Bain Capital and KKR are reportedly among the contenders to acquire Australian accounting software provider MYOB from owners Archer Capital and HarbourVest Partners. Bidding for the asset, which could reach A$1 billion ($1.03 billion), is slated to begin...
Bright Food Group targets acquisition within six months
China’s Bright Food Group may make an acquisition in Europe or Australia within six months, the firm’s chairman has said. Wang Zongnan told Bloomberg that potential targets include the food distribution and sugar industries.
KKR makes second investment into Avantha Power & Infrastructure
KKR has strengthened its ties to India’s Avantha Power & Infrastructure (APIL), co-investing an additional $120 million into the company less than a year after committing $50 million.
KKR hires former Nomura India executive director
KKR has appointed Dhiren Mehta, formerly of Nomura, as a director of its Indian operation. Mehta will work out of KKR’s Mumbai office, which is led by the Sanjay Nayar, CEO of KKR India and B.V. Krishnan, head of the private equity firm's non-banking...
Emerging markets, fewer buyouts
Asia is top of many investors'wish lists, yet it is interesting how many Western GPs and LPs refer to the region as an emerging market. To those of us living in Asia – and many others on the outside – the term seems hopelessly outdated.
KKR to buy convertible bonds in Chinese water treatment firm
KKR has agreed to invest $113.8 million in convertible bonds issued by United Envirotech (UEL), a Chinese water treatment and recycling services provider. The deal could see the US private equity firm take a stake of around 38.4% in the firm.
KKR-owned Japanese hiring firm purchases Hong Kong-based Staff Management
KKR-owned Japanese staff hiring and outsourcing firm Intelligence has acquired Hong Kong-based Staff Management Consultancy and its subsidiary, Anchor HRM Consulting, for an undisclosed amount. Staff Management will be rebranded as Intelligence as part...
Women in private equity: Minority report
When asked to name most difficult aspect of being a woman in private equity, Lisa Suennen, co-founder and managing member of California-based venture capital healthcare investor Psilos Group, cites the adage that women need to work twice as hard to get...
CICC tipped to acquire stake in Chinese trust company
China International Capital Corp. (CICC) is poised to buy a stake in Zheshang Trust, stretching its financial industry scope to include the country’s innovative yet opaque trust sector. The company, which is part-owned by TPG Capital and KKR, will likely...
You're only as strong as your brand name
I was surorised by the number of LPs at the recent AVCJ Private Equity & Venture Forum in the US that were familiar with the top tier private equity funds in Asia.
Vietnam's road to reform
A strong consumer market is one of Vietnam’s most appealing qualities, but long-term economic stability is still required
Bright Food linked to Manassen Foods bid
China’s Bright Food Group is in negotiations to buy Manassen Foods from CHAMP Private Equity, Reuters reported, citing two people with knowledge of the matter. Australian firm Manassen, which was acquired by CHAMP in 2006, is best known for Jelly Belly...
Blackstone's new fund tipped to reach $16b
Blackstone Group is set to raise a higher-than-expected $16 billion for its latest fund due to strong investor interest, primarily from sovereign wealth funds, Reuters reported, citing a source familiar with the matter. Last year, Blackstone COO Tony...
American LPs and Asia GPs: A meeting of minds
American LPs' LPS’ fastination with private equity opportunities in Asia is firmly rooted in macroeconomic fundamentals. The region accounts for 30% of global GDP and 50% of global growth – and ongoing urbanization industrialization in China and India...
North American property funds dominate 2Q fundraising
North America property funds accounted for most of the $11.2 billion raised by private equity funds with a final close in the second quarter of 2011, according to research firm Preqin. Total commitments were up on the $8.9 billion raised in the first...
Bright Food considers Treasury Wine bid - report
Shanghai-based food producer Bright Food Group is considering buying Australia’s Treasury Wine Estates, the brand that was spun off by beer maker Foster’s Group last month, Bloomberg reported.
KKR gets green light for Saudi Arabia operation
KKR has been awarded a license to operate in Saudi Arabia. The private equity firm sees considerable fundraising potential in the country in addition to investment opportunities across the region.