Logistics
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...
Longreach reaps 60% IRR on Sanyo Logistics sale
The Longreach Group has reaped an IRR of 60% and a money multiple of around 2.5x on its 24.2 billion yen ($300 million) sale of Japanese logistics company Sanyo Electric Logistics.
Japan's SMFG beats CDB to aircraft-leasing deal
Japan’s Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Corp. have agreed to purchase Royal Bank of Scotland’s (RBS) aircraft-leasing business in a deal worth $7.3 billion. SMFG will take around 70% of RBS Aviation Capital, with trading company Sumitomo...
China's debt-ridden Railway Ministry to set up PE fund
China’s Ministry of Railways will set up a private equity fund to support the expansion of the rail network, 21st Century Business Herald reported, citing a source familiar with the situation. The vehicle could raise up to RMB100 billion ($15.7 billion)...
Headland completes deals in Singapore, South Korea
Headland Capital Partners has taken a minority stake in Miclyn Express Offshore (MEO), which supplies vessels to the oil and gas industry, and backed existing portfolio company Unison eTech (UET) in the acquisition of another South Korean construction...