Secondaries
Greenpark, IFC target emerging markets secondaries
Greenpark Capital's tie-up with International Finance Corp. (IFC) to create a $500 million emerging markets secondaries fund (EMSF) makes a lot of sense. The former has plenty of experience in secondary investments but a limited emerging markets presence;...
INCJ to buy UK wind power firm for $850m
Japanese state-sponsored fund Innovation Network Corp of Japan (INCJ) is tipped to buy a 50% stake in British wind power engineering firm Seajacks International for around $850 million.
Greenpark opens Hong Kong office; appoints Asia head
Mid-market private equity secondaries firm Greenpark Capital has launched a new office in Hong Kong which will be overseen by ex-Bank of America Merrill Lynch (BoAML) MD Chin Chin Teoh.
Secondaries: GPs for hire
Many first-time fund managers in Asia are expected to have trouble raising successor vehicles. Secondary investors sense the opportunity to tide over GPs by acquiring their existing portfolios
CDH, CITIC, New Horizon buy Luye Pharma from MBK
CDH Capital, Citic Private Equity and New Horizon Capital, three of China's largest private equity firms, have bought Luye Pharma from Korea-based MBK Partners.
Unison nears $650m Showa Yakuhin Kako buyout - sources
Japanese private equity firm Unison Capital is reportedly in the final round of bidding for Showa Yakuhin Kako, a drug producer backed by Tokio Marine Capital.
Ironbridge mulls IES SBO
Ironbridge Capital is reportedly among the private equity suitors looking to participate in the secondary buyout of CHAMP Private Equity’s International Energy Services (IES).
Bain, Unitas consider $400m Prestolite SBO
Bain Capital and Unitas Capital are said to have submitted second round bids to purchase China-focused motor manufacturer Prestolite Electric from First Atlantic for around $400 million.
Advantage, Japan’s Orix abandon Yayoi buyout - sources
Advantage Partners and Japan’s Orix Corp. have reportedly dropped out of the running for software developer Yayoi, which was put on the block by MBK Partners last year.
Olympus invests $100m in DM Healthcare, India Value Fund exits
Olympus Capital Asia Investments has invested more than INR5 billion ($100 million) for a minority stake in DM Healthcare, in a deal which enabled existing investor India Value Fund to exit the company.
Arcapita seeks Polygel exit - sources
Bahrain-based investment company Arcapita Private Equity is planning to sell its 8% stake in Polygel Industries, an Indian manufacturer of cable gels.
Coller Capital buys Crédit Agricole Private Equity
Secondaries investor Coller Capital has acquired fund manager Crédit Agricole Private Equity (CAPE) from France’s largest retail banking group, Crédit Agricole.
Australian supers drive secondaries
The Australian superannuation funds’ ongoing move away from private equity has undoubtedly been a drawback for primary fund managers. But what of the impact on the Asian secondaries market?
CVC sells Minit to Unison Capital
CVC Capital Asia has succeeded in exiting shoe repair chain Minit Asia Pacific to Tokyo-based Unison Capital, reportedly after two failed attempts to sell the company.
Advantage, Bain among bidders in final round of Yayoi auction
Advantage Partners, Bain Capital and financial services firm Orix Corp. have reportedly advanced into the final round of bidding for MBK Partners-owned Japanese accounting software developer Yayoi, which is expected to be one of the biggest sales in the...
Archer sues UK's Sage Group over MYOB deal
Archer Capital has filed an A$130 million ($133 million) suit against British software company Sage Group for damages related to its decision to end acquisition talks for Australian software maker MYOB.
VIDEO: PineBridge Investment's Michael Chae
Secondaries in Japan are gaining greater prominence given the role of the asset class in delivering returns to conservative LPs, says Michael Chae, managing director of PineBridge Investments
Korea Post unit looks to invest in global secondary funds
Savings Bureau of Korea Post, one of South Korea’s largest state-controlled institutional investors, is looking to invest at least $30 million in a global secondary fund. It represents one of the savings bureau’s first forays into alternative investments...
SEC approves Volcker rule as market watchers express concerns
Concerns are being raised that the Volcker rule, which limits bank exposure to asset classes such as a private equity, will be postponed or weakened by lobbyists and that some forms of proprietary trading will be exempted completely. The rule was approved...
Japan’s secondary funds look to consolidate
The cross-ownership of Japanese companies creates rich pickings for secondaries players looking to gather up and exit
Partners Group launches global fund in Sydney
Partners Group has set up a new global private equity fund based in Sydney, offering smaller institutional and retail investors access to deals normally only available to large institutions.
Ex-EM Alternatives execs join Pomona’s Asia team
Pomona Capital has hired Ernest Lambers and John Stephens as managing directors in its London and Hong Kong offices, respectively, with a remit to focus on the firm’s investment programs in Asia and other emerging markets.
AXA buys $500m in LP interests from Mizuho – report
AXA Private Equity has agreed to buy LP interests worth $500 million from Mizuho Financial Group. The commitments concern about 20 US and European buyout funds managed by the likes of Blackstone Group, KKR, BC Partners and EQT Partners.
AXA tipped to sell private equity unit for around $670m
French insurer AXA has put its private equity unit up for sale in order to focus on its core insurance business.