Permira Advisers
Permira sells over half of its stake in Galaxy Entertainment
Permira has exited over half of its remaining stake in Hong Kong-listed Galaxy Entertainment Group for HK$5.855 billion ($755 million). The transaction involves a 6.65% stake in the company and the shareholdings of Permira funds have reduced to 5.95%...
Permira acquires Unison’s stake in Akindo Sushiro for $1b
Permira, through its Ireland-based vehicle Consumer Equity Investments (CEIL), has acquired Unison Capital’s stake in Akindo Sushiro, a leading Japanese sushi restaurant. The deal values the company at $1 billion, including debt.
Robin Bell-Jones to lead Permira’s TMT coverage in Asia
Permira has redeployed Robin Bell-Jones from London to Hong Kong as part of efforts to expand the firm’s investment activities across Asia.
Thailand’s CPF prepares bid for Permira-backed Birds Eye
Thai food manufacturer Charoen Pokphand Foods (CPF) looks set to join the various private equity houses that have submitted bids for Permira-backed Birds Eye Iglo.
Japan’s PE firms on trade sale hunt
Japanese buyout firms are making plans to offload a portion of their local portfolio companies via trade sales this year.
Gaming & Entertainment: PE places its bets?
Asia’s gaming culture – and casinos in particular - is a hotspot for growth. But with so much at stake, why aren’t more private equity investors placing their bets?
Permira named CDB's European PE partner
UK-based private equity firm Permira has entered into an agreement with CDB Capital, the investment arm of government-owned China Development Bank, to become the bank’s exclusive European private equity partner.
Corporate Japan looks for growth overseas
Japanese companies need to take on the world. Local private equity professionals at the 2011 AVCJ Private Equity & Venture Forum Japan conference in Tokyo, which I am chairing, see globalization as the major current theme for corporate Japan. Indeed,...
Chinese luxury goods website raises seed round of financing
Parkview Ventures and Mousse Partners have participated in the seed round of financing for Chinese e-commerce company Hui She Shang, also known as The Luxury Club. The company offers Chinese consumers authentic and brand-authorized luxury goods – including...
CIC, KIC chairmen named to high-profile RDIF advisory board
The chairman of China Investment Corp. (CIC), Lou Jiwei, has been named to the international advisory board of the Russia Direct Investment Fund (RDIF). Choi Chong Suk, chairman of Korea Investment Corp. (KIC), will also serve on the board alongside Bader...
US court widens collusion probe of 2005-2007 mega deals
The mega “club deals” between some of the big global buyout firms during the 2005-2007 boom period have been put under wider scrutiny in a US antitrust lawsuit. The four-year-old case accuses 11 firms, including Blackstone Group and KKR, of colluding...
Permira hits jackpot with Galaxy
Permira's casino gamble seems to have paid off in Macau. The UK-based private equity firm divested approximately 6.5% of its stake in Macau casino and entertainment operator Galaxy Entertainment Group for HK$4.8 billion ($614 million), selling 270 million...
Permira's top LP SVG Capital sees 25% rise in asset value
UK-based Permira Advisers’ most prominent LP SVG Capital has announced a 25% increase in its assets’ value in the first half of 2011. This was largely attributed to strong performances by Permira portfolio companies including Galaxy Entertainment...
Permira divests 6.5% stake in Galaxy Entertainment for $614m
UK-based Permira has divested approximately 6.5% of its stake in Macau casino and entertainment operator Galaxy Entertainment Group for HK$4.8 billion ($614 million). It sold 270 million shares for HK$17.70 apiece.
Chinese gamblers buoy Permira-backed Galaxy Entertainment
Permira-backed Macau casino group Galaxy Entertainment reported an 84% year-on-year in underlying profit in the first half of 2011, attributed to strong spending by mainland Chinese gamblers. The company reported EBITDA of HK$1.8 billion ($230.9 million),...
Private equity's fashion fix
When it comes to capitalizing on rising disposable incomes in key Asian markets, investors are finding the region’s fashion and lifestyle segment in vogue
PE and the debt crisis: Coping with chaos
Recent turmoil in the global markets has implications for private equity investors with an eye on exits, debt and fundraising
Cargill beats off Chinese competition to land Provimi
Cargill, the world’s largest agricultural commodities trader, will acquire Netherlands-based animal feed company Provimi from private equity firm Permira for an enterprise value of EUR1.5 billion ($2.1 billion). China’s New Hope Group was among the...
Permira taps Goldman's Alan Chen as China head
European PE major Permira has appointed Alan Chen, former executive director at Goldman Sachs’ special situation group, to lead its China operations, Reuters reported, citing sources close to the hire.
Japanese GPs prepare for a smaller future
Consolidation is in the cards as Japan’s private equity industry focuses on mid-cap plays rather than buyouts
Malaysian gambling operator may be up for grabs - reports
Malaysian entrepreneur Vincent Tan is reportedly considering the sale of a 49% stake in the unlisted gaming unit of Berjaya Sports Toto Bhd (B Toto), a holding company that owns, among its subsidiaries, assets linked to the gambling industry.
Permira appoints co-heads of Asia
European private equity giant Permira has announced the promotion of Henry Chen (pictured) and Alex Emery to partners and co-heads of Asia. The duo will be in charge of the development of the firm across Asia Pacific, with particular focus on Greater...
Permira completes ABS deal
Permira has announced the successful completion of its acquisition of the holding company for Asia Broadcast Satellite, along with the ABS management team, giving existing PE investors CVC International, CVC International Co-Investment, and ADM Capital...
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.