KKR
First AVCJ India Awards see Indian industry’s coming of age
The first AVCJ India Private Equity & Venture Capital Awards held last week paid tribute not just to individual winners, but also to the overall growth and maturation of the Indian private equity industry.
First AVCJ Indian Private Equity & Venture Capital Awards showcase performance, strength with Sequoia, ICICI, Chandwani wins
AVCJ’s first-ever annual Indian Private Equity & Venture Capital Awards saw distinguished wins for firms including Sequoia Capital, ICICI Venture and KPMG.
Warburg Pincus QuEST Global deal confirmed for bigger ticket size
Warburg Pincus has invested $75 million in Singapore-headquartered engineering outsourcing services firmm QuEST Global, higher than the $60 million originally forecast, according to a joint announcement.
QSR process ends without result as Carlyle, CVC turned down
The series of bids for the controlling stake in Malaysian fast-food group QSR Brands owned by parent group Kulim have ended without result for the Carlyle Group and CVC Capital Partners Asia Pacific, with the target turning down all approaches.
Cleary Gottlieb Steen & Hamilton opening Hong Kong practice
New York-headquartered law firm Cleary Gottlieb Steen & Hamilton LLP (CGSH), has appointed Freeman Chan as a partner, starting in early 2011 concurrent with the launch of the firm’s new Hong Kong law practice.
Value add
Vital component to success or overused industry term?
Morgan Stanley one step closer to exiting CICC stake
China’s securities regulator, the China Securities Regulatory Commission (CSRC), has approved US investment bank Morgan Stanley's plan to sell its 34.3% stake in China International Capital Corp., (CICC), one of the country’s large Chinese brokerages...
KKR’s China Modern Dairy IPO sees modest yield
Kohlberg Kravis Roberts & Co. (KKR) investee China Modern Daily, one of the largest domestic dairy farm companies in China, listed in Hong Kong last week, targeting to raise HK$3.5 billion ($448 million).
CVC stalled in QSR process against Carlyle, KKR rumored: reports
The newly formed consortium of CVC Capital Partners Asia Pacific and Malaysian group Idaman Saga has failed to top a bid by the Carlyle Group for QSR Brands Bhd, the local food services group that controls franchises for Kentucky Fried Chicken plus Pizza...
KKR investee China Modern Dairy sees flat opening in HK
Kohlberg Kravis Roberts investee China Modern Daily, one of the largest local dairy farm companies in China, has debuted on the Hong Kong Stock Exchange in an IPO targeted to raise HK$3.5 billion ($448 million). The company opened trading at HK$2.80 ($0.36),...
Carlyle, KKR may back Hana KEB buy: reports
The Carlyle Group and Kohlberg Kravis Roberts & Co. have been cited as potential financial backers of Hana Financial Group's acquisition of Korea Exchange Bank (KEB) from Lone Star Funds for $4 billion, according to reports.
Picking the winners
“Active management works,” was the resounding message of the keynote address given by Steven Barnes, MD of Bain Capital at the AVCJ Forum.
Asia Pacific private equity: out of the tunnel
PE leaders at AVCJ Forum draw lessons from the Crisis
MBK lands 2010’s biggest exit with CNS
In October 2006, the month when Partners was labeled the frontrunner to buy 60% of Taiwanese cable giant China Network Systems (CNS) for $1.6 billion, the firm was dubbed ‘fledgling’ by one global financial publication.
KKR says China Growth Fund on course for $1 billion hard cap
Kohlberg Kravis Roberts & Co. (KKR) has announced a $700 million first close on its KKR China Growth Fund to date, and is on track to close at its $1 billion hard cap, the firm revealed in the course of its latest 3Q10 earnings call.
Warburg Pincus set to take stake in Quest Global, outbidding rival funds
Warburg Pincus is reportedly set to make a $60 million investment in aeroengineering and manufacturing consultancy Quest Global, coming one month after the PE industry’s biggest names entered the arena to take a stake in Quest.
Foster's still open to private equity offers for wine unit
David Crawford, Chairman of Australia's Foster's Group, publicly said the company will still entertain offers from private equity groups for its wine business, while repeating that a c.$2.46 billion offer, reportedly from Cerberus Capital Management,...
MBK exits CNS to Want Want in 2010's biggest Asia result
MBK Partners has completed its exit from Taiwanese cable investee China Network Systems (CNS), selling its 60% stake to the head of local conglomerate Want Want China Holdings for $2.4 billion in 2010's largest Asian private equity exit, and nixing expectations...
Perpetual brands KKR's $1.73 billion takeover bid as low, yet considers deal
Australian investment group Perpetual Ltd. has branded the $1.73 billion takeover offer by Kohlberg Kravis Roberts & Co. (KKR) as too low, but has said that it will continue negotiations in possible hopes of eliciting a higher bid.
Entrepreneur Ajay Piramal may sell PE fund to international PE players
Indian entrepreneur Ajay Piramal, associated with pharmaceutical and real estate deals, is reportedly set to exit his real estate PE firm Indiareit Fund Advisors, via a sale to PE firms and other international finance institutions.
Awards finalists – the people’s choice
This year's list of finalists for the AVCJ Asian Private Equity & Venture Capital Awards, released for public voting this week, was the result of the first ever open call for nominations in the Awards’ ten-year history.
Morgan Stanley gets nod from authorities to sell CICC stake
Morgan Stanley has reportedly received the green light from PRC regulators for its tentative sale of its 34.3% stake in China International Capital Corp (CICC), the Chinese investment bank, according to local media reports.
Carlye, KKR, Warburg Pincus ready as India's Hero Honda deal restarts
US PE majors the Carlyle Group, Kohlberg Kravis & Roberts (KKR) and Warburg Pincus are in line to take a 15-18% stake apiece in India's Hero Honda Motors, coming as Japanese auto maker Honda nears its exit from the JV.
KKR makes up to $1.73 billion bid for Australia's Perpetual
Kohlberg Kravis Roberts & Co (KKR) has made an up to A$1.75 billion ($1.73 billion) bid for Australian investment group Perpetual Ltd., offering between A$38-$40 ($37-39) a share for the company.