PAG
AVCJ at 30: Part Six - The Expectations Game
Lewis Rutherfurd of Inter-Asia Venture Management, Piau-Voon Wang, David Pierce of HQ Capital, Weijian Shan of PAG Asia Capital, Michael Kim of MBK Partners, Dan Carroll of Brooklands Capital Strategies, Joseph Bae of KKR, and Brooks Zug of HarbourVest...
AVCJ at 30: Part Three - The Rise of China
David Pierce of HQ Capital, Gary Rieschel of Qiming Venture Partners, Shangzhi Wu of CDH Investments, and Weijian Shan of PAG Asia Capital on China's emergence as a private equity and venture capital destination
AVCJ at 30: Part Two - The Asian Financial Crisis
Weijian Shan of PAG Asia Capital, Piau-Voon Wang, Dan Carroll of Brooklands Capital Strategies, and Michael Kim of MBK Partners on the impact of the Asian financial crisis
Intractable tech
Even if pan-Asian buyout firms aren't actively pursuing investments in internet-related businesses, they cannot ignore the potential disruptive impact of these technologies on other portfolio companies
PAG buys majority stake in Chinese dating service Zhenai
PAG Asia Capital has acquired a controlling interest of nearly 75% in Zhenai, a Chinese online matchmaking and dating service provider that earlier this month abandoned plans for a reverse merger in Shenzhen.
Tech, institutionalization drive change in Asia PE – AVCJ Forum
Asian investors must plan to negotiate a China-dominated deal landscape with increased attention to technology and institutionalization trends, according to industry participants at the AVCJ Forum.
Asia buyouts: The big get bigger
Asia’s pan-regional buyout players are raising ever larger funds and pursuing ever larger deals. Is there now more capital in this segment of the market than places to – sensibly – put it?
GPs, corporates should enter outbound deals with eyes open - China M&A Forum
Partnerships between Chinese strategic investors and private equity firms remain a popular model for pursuing outbound acquisitions, but each party should understand the other’s expectations before closing deals, PE professionals told the China M&A...
PAG to raise $500m China growth fund
PAG Asia Capital is raising a $500 million China growth fund, which will enable the firm to target middle-market deals that fall below the minimum check size for its pan-Asian vehicle.
PAG backs Home Credit for expansion in China
PAG Asia Capital has agreed to invest approximately RMB2 billion ($296 million) in a Hong Kong unit of Czech-based consumer loans company Home Credit Group, with a view to supporting the company's expansion in China.
PAG, Primavera lead $118m round for China's Dashu Finance
PAG Asia Capital and Primavera Capital have led a Series C round of funding worth $118 million for Dashu Finance, which provides outsourced credit services to banks looking to participate in the small loans space.
PAG set for $1.4b privatization of Yingde Gases
Chinese industrial gases supplier Yingde Gases is scheduled to be delisted in September after shareholders voted in favor of a buyout offer from PAG Asia Capital that values the company at approximately HK$11.3 billion ($1.45 billion).
China NPL securitization: Pass the parcel
China wants to use securitization and debt-for-equity swaps to address its non-performing loan problem. Even without structural concerns and political agendas, they are unlikely to supplant portfolio sales
China real estate financial services player Dadao raises $29m
Shenzhen Qianhai Dadao Financial Services, a Chinese start-up that specializes in residential property financial services, has raised a RMB200 million ($29 million) Series B round led by Huaxing Capital Partners, the private equity arm of China Renaissance.
Chinese car-trading platform Mychebao gets $100m Series C
PAG Asia Capital has led a $100 million Series C round of funding for Mychebao.com, a Chinese online auction platform for second-hand cars.
China NPLs: Great expectations
Foreign private equity firms are positioning themselves to address an anticipated surge in non-performing loan sales to third-party investors. Will the reality match the hype?
PAG to pay $612m for Yingde Gases stake
PAG Asia Capital has submitted a cash offer worth HK$4.7 billion ($612 million) for a 42.1% stake in Chinese industrial supply company Yingde Gases.
Comcast takes full ownership of Japan's USJ, PE firms to exit
Goldman Sachs, MBK Partners, Owl Creek Asset Management and PAG Asia Capital will fully exit Universal Studios Japan (USJ) after Comcast NBCUniversal agreed to buy the 49% of the company it doesn’t already own for JPY254.8 billion ($2.3 billion).
PAG buys Australian cake retailer The Cheesecake Shop
PAG Asia Capital has acquired The Cheesecake Shop, an Australia-based specialist cake retailer with a franchise network of more than 200 stores across Australia, New Zealand and the UK.
PAG, Meridian invest $225m in Food Union Group
PAG Asia Capital and Meridian Capital have invested a combined $225 million in Europe-based dairy and ice cream producer Food Union Group, with a view to expanding the business in China.
AVCJ Awards 2016: Fundraising of the Year - Large Cap: PAG Asia Capital
Having paid careful attention to liquidity levels in its debut vehicle, PAG Asia Capital took less than seven months to close its second regional fund at $3.6 billion
AVCJ Awards 2016: Deal of the Year - Large Cap: Golden Apple Education
PAG Asia Capital spent 12 months negotiating over Golden Apple Education Group, but emerged with the first sizeable buyout-cum-restructuring by a foreign PE firm in China
PAG backs restaurant chain Paradise Group
PAG Asia Capital has agreed to invest in Paradise Group Holdings, a Southeast Asia-based restaurant chain with over a dozen brands and more than 60 outlets.
PAG, Legend support $3.6b acquisition of US-based Lexmark
PAG Asia Capital and China's Apex Technology are leading a consortium - which also features Legend Capital - that has agreed to buy printing technology and enterprise software company Lexmark International for $3.6 billion.