Logistics
Blackstone buys majority stake Maldives seaplane operator
The Blackstone Group has acquired a majority stake in two Maldives-based seaplane operators, Maldivian Air Taxi (MAT) and Tran Maldivian Airways (TMA).
Everstone invests in Transpole Logistics
Everstone Capital has invested INR2.2 billion ($41 million) in India's Transpole Logistics. The Dehli-headquartered firm provides services including freight forwarding, warehousing and distribution.
Hahn & Co to buy Korea Line via bankrupcty process
Hahn & Co. has been selected by a bankruptcy court as the preferred bidder for a 50% controlling stake in Korea Line, South Korea’s fourth-largest shipping company. The enterprise value of the transaction is KRW1.1 trillion ($1 billion), with Hahn & Co....
Everstone acquires stake in India's Transpole
Everstone Capital has invested INR2.2 billion ($41 million) to acquire a significant minority stake in Transpole Logistics, one of the leading freight forwarders in India. The company will use to proceeds to expand overseas operations in China, Malaysia,...
Australia's IFM takes stake in UK airport operator
Industry Funds Management (IFM), an investment firm owned by 30 Australian superannuation funds, has acquired a 35.5% stake in Manchester Airports Group (MAG) as part of the UK airport operator’s GBP1.5 billion ($2.4 billion) acquisition of London Stansted...
Primus co-founder in aircraft leasing club deal
During a week in which it emerged that Primus Financial Holdings was no more, two of its co-founders reemerged in new guises. First, Dexia announced that it was in exclusive negotiations with GCS Capital, a financial services-focused PE firm run by GuocangHuan,...
Standard Chartered PE commits $37m to India's Sparkle Ocean
Standard Cartered Private Equity (SCPE) has purchased a minority stake in Hyderabad-based port and operations and management company Ocean Sparkle for INR2 billion ($37 million).
CHAMP-backed Shelf Drilling completes $1b acquisition
Shelf Drilling, the Dubai-based shallow water drilling services company backed by Australia’s CHAMP Private Equity, its US affiliate Castle Harlan, and Lime Rock Partners, has completed the acquisition of assets worth $1.05 billion. The PE investment,...
Malaysia's Ekuinas wants Icon Offshore to list by 2014
Ekuinas, the Malaysia sovereign wealth fund, plans to list its oil and gas services unit, Icon Offshore, within three years. Abdul Rahman Ahmad, the Icon’s CEO, said the company was already eligible for an IPO but they want to wait until earnings justify...
Ekuinas acquires Malaysian shipping services provider
Ekuinas, the Malaysian sovereign wealth fund, has completed a MYR220.9 million ($72.3 million) buyout of OMNI Petromaritime, a company that provides offshore support vessels to the oil and gas industry. Ekuinas acquired an 82.5% stake in OMNI for MYR150.9...
CHAMP Ventures enters lonely waters
The Torres Strait separates the northern tip of Queensland from Papua New Guinea. It contains more than 270 small islands, most falling under the jurisdiction of Australia, and of which only a handful are inhabited. Cairns, the nearest urban center, is...
CHAMP Ventures in marine logistics buyout
CHAMP Ventures as acquired a majority interest in Sea Swift, an Australian marine logistics company that delivers supplies to remote island and coastal communities and resource development outposts. HarbourVest Partners is participating as a co-investor....
Oaktree exits aircraft leasing firm to Japan's Mitsubishi UFJ
Oaktree Capital Group has sold aircraft leasing firm Jackson Square Aviation to Japan’s Mitsubishi UFJ Lease & Finance Co. for JPY100 billion ($1.3 billion).
Australia's CHAMP PE secures $206m Southeast Asia deal
CHAMP Private Equity has acquired a significant minority stake in shipping services provider Miclyn Express Offshore (MEO) from Macquarie Capital Group for around A$199 million ($206 million). It represents another step in the Australian GP’s strategy...
CHAMP Ventures takes majority stake in Ansett Aviation Centre
CHAMP Ventures has taken a majority interest in Ansett Aviation Centre, a training facility bought from administrators in 2004 following the collapse of Ansett Australia, the country’s second-largest carrier. It is the third investment out of CHAMP Ventures’...
Warburg sues Titan Petrochemicals in Hong Kong
Warburg Pincus has sued portfolio company Titan Petrochemicals Group and some of its executives in Hong Kong’s High Court, citing misrepresentation and breaches of contract. This comes as the debt-laden shipping and oil storage firm continues talks with...
Zhenrong Energy makes offer for Warburg-invested Titan
Guangdong Zhenrong Energy has offered to pay HK$150-200 million ($19.3-25.8 million) for at least 51% of Titan Petrochemicals, the debt-laden shipping and oil storage firm against which Warburg Pincus has asked a court to launch liquidation proceedings....
Titan considers stake sale as Warburg takes legal action
Titan Petrochemicals, the Hong Kong-listed shipping and oil storage firm, is in talks to sell a controlling stake to an unnamed third-party investor. The announcement comes as the company faces a winding up lawsuit filed by Warburg Pincus.
Qantas appoints Macquarie to defend against PE bids
Qantas Airways has hired Macquarie Group to set up an internal team “to advise on the defense against potential private equity bids,” a company spokesman has confirmed. The news prompted an 11% spike in the airline’s share price to A$1.08 during morning...
Ekuinas completes buyout of Tanjung's marine vessel assets
Ekuinas, the Malaysian sovereign wealth fund, will buy the 76% of Tanjung Offshore’s marine vessel services arm it doesn’t already own for MYR220 million ($72.5 million) in cash. The asset, Tanjung Kapal Services (TKS), operates 16 offshore vessels and...
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 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...
CHAMP Private Equity exits IES to McAleese Group
CHAMP Private Equity has sold International Energy Services (IES), a logistics firm that specializes in the transportation of fuel products and hazardous chemicals, to McAleese Group. It is further confirmation of trade sales as the preferred exit channel...
Buffett-backed NetJets forms China JV with local PE players
NetJets, a private aviation company owned by Warren Buffett’s Berkshire Hathaway, will form a China joint venture with local private equity players Hony Capital and Fung Investments. It is seen as a move to tap the growing demand for private jet management...