Lone Star Funds
ANZ diligencing KEB for $3.8 billion stake
After a long-running, stop-and-go series of reports on its participation in bidding for Lone Star Funds' stake in Korea Exchange Bank (KEB), Australia and New Zealand Banking Group (ANZ) has confirmed that it is doing due diligence on an up to 57.27%...
Summer heat
The traditional quite midsummer seems to have been anything but. All kinds of things appear to have been happening through mid-August, as dealmakers and fundraisers brave the heat to keep the momentum going that has already left the last quarter looking...
MBK KEB bid status in doubt
MBK Partners' bid for the 51% stake in Korea Exchange Bank owned by Lone Star Funds is in doubt following conflicting reports from Korea, with some media indicating that the buyout firm has failed to put together an acquisition consortium, and others...
Hana in line for Woori, may target KEB
Hana Financial Group, Korea's fourth-largest lender, has emerged as the sole current contender for Woori Financial Group, with the Blackstone Group apparently not putting forward its expected bid, though Hana has said it also may consider a bid for Lone...
ANZ back in KEB frame?
After a stop-and-go involvement in the auction of Lone Star Funds' 51% stake in Korea Exchange Bank, which included a statement earlier this month that it was not considering any deals at all, Australia and New Zealand Banking Group (ANZ) may now be about...
ANZ said out of KEB process
The Australia and New Zealand Banking Group Ltd. (ANZ) is not considering any further participation in Lone Star Funds' sale of its 51% stake in Korea Exchange Bank (KEB), following due diligence, and will also not bid for PT Bank Panin Indonesia, according...
Korean government delays Woori sale
The Korean government has delayed the public announcement of its privatization plans for Woori Financial Group, owner of No. 3 Korean lender Woori Bank, likely looking to increase the value of the sale.
Korean government delays Woori sale
The Korean government has announced a delay to the publication of its privatization plans for Woori Finance Holdings, owner of Number Three Korean lender Woori Bank, which has attracted the attention of the Blackstone Group among others, seeking to maximize...
Regulators in a friendly mood?
Private equity in Asia Pacific has long had an ambivalent relationship with regulators and the region’s governments in general.
Financial investors in financial services
PE’s past and future in the sector in Asia
ORIX plans Tokyo Star investment, partnership
ORIX Corp., the Japanese investment and financial services firm, is investing JPY10 billion ($111 million) into Advantage Partners investee Tokyo Star Bank, alongside a plan to form a corporate turnaround arm at the bank.
Nomura may partner MBK on KEB as StanChart withdraws
Leading Japanese brokerage and financial group Nomura Holdings is discussing a partnership with regional buyout firm MBK Partners to make a joint bid for Lone Star Funds’ 51.5% stake in Korea Exchange Bank, expected to go for $3.5-4 billion.
StanChart rules out KEB move
Standard Chartered has indicated that it will not be pursuing a bid for Korea Exchange Bank (KEB), further dampening expectations of a highly contested auction for Lone Star Funds' 51% stake in the asset.
KEB auction cooling as ANZ commitment flags
The sale of Lone Star Funds' 51% stake in Korea Exchange Bank (KEB) appears to be losing momentum, as hitherto lead contender Australia and New Zealand Banking Group Ltd. has yet to submit a formal bid for the stake, which could fetch up to $4 billion.
MBK in running for KEB? - reports
Independent pan-Asian buyout firm MBK Partners may be seeking a secondary buyout opportunity from Lone Star Funds for its 51% stake in Korea Exchange Bank (KEB), valued at up to $4 billion, according to unconfirmed media reports.
KEB low-ball bid reports false
Korean media reports suggesting that Australia & New Zealand Banking Group (ANZ) and Standard Chartered Bank submitted low bids for Lone Star Funds' 51% stake in Korea Exchange Bank (KEB) at $3.32 billion or less were false - at least according to ANZ...
ANZ hires Goldman Sachs JBWere, JPMorgan for KEB
Australia and New Zealand Banking Group has reportedly retained Goldman Sachs JBWere and JPMorgan as advisors for its bid on Lone Star Funds' majority stake in Korea Exchange Bank.
NPS may join on KEB
Korea's National Pension Service may participate in the acquisition of Korea Exchange Bank from Lone Star Funds, according to Korean reports.
ANZ targeting KEB?
Lone Star Funds' protracted exit from controversial investee Korea Exchange Bank (KEB) has taken a fresh twist with reports that Australia and New Zealand Banking Group (ANZ) is planning a $4 billion bid for its controlling stake in the asset.
Lone Star KEB stake sale resumes
Lone Star Funds' sometimes controversial investee Korea Exchange Bank has stated that the investor's long-delayed trade sale exit from its 51% stake is about to resume.
Lone Star may exit KEB - at last
The long-running saga of Lone Star Funds' repeated efforts to exit its investment in Korea Exchange Bank may be drawing to a close, as John Grayken, Lone Star managing partner, announced that the firm expects to sell its 51% stake within the next six...
Acquittal clears KEB exit for Lone Star
One of Asian private equity’s longest-running legal disputes appears close to resolution with the acquittal of two former Korean government officials.