The Carlyle Group
Oaktree files for $595m IPO
Oaktree Capital Group, the US-based debt-focused private equity firm, has filed for an IPO that could raise up to $595.1 million. Co-founders Howard Marks and Bruce Karsh stand to take away as much as $117.2 million each from the sale.
TPG, Carlyle in talks for Fortis stake – report
TPG Capital India and The Carlyle Group are reportedly in talks to buy a 15-20% stake in Fortis Healthcare India, the listed chain of hospitals backed by Government of Singapore Investment Corp.
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.
Fubon linked to buyout of Carlyle-backed Ta Chong
Fubon Financial, parent of Taiwan’s second largest life insurance firm, has announced plans to acquire a bank, prompting speculation that mid-sized Taiwanese lender Ta Chong Bank is the target.
Carlyle reinitiates AvanStrate IPO
The Carlyle Group has re-initiated proceedings to list Japanese LCD glass manufacturer AvanStrate, thanks to improved stock market conditions in Japan.
Reliance Communications files for Singapore IPO
The undersea cable unit of Reliance Communications has applied to list in Singapore, in a move that could raise $1-1.5 billion to help its parent company to offload its heavy debt.
Carlyle, Everstone join race for Thomas Cook India - report
The Carlyle Group, Everstone Capital, TA Associates and Bravia Capital have joined the likes of KKR and Actis in competing for Thomas Cook India.
Advantage Partners may extend investment deadline
Advantage Partners may extend the June deadline for investment from its $2.6 billion buyout fund due to limited dealflow. The buyout firm will make a decision by the end of April.
Indonesia investment: Uncharted territory
For all its attractions, Indonesia remains a difficult – and expensive – market for foreign private equity firms. Identifying value rests on building up local knowledge and expertise
Khazanah exits India’s Yes Bank
Malaysian sovereign wealth fund Khazanah Nasional has sold the 4.2% stake it acquired from ChrysCapital and other investors in India’s Yes Bank for INR5.3 billion ($106 million).
Carlyle loses Southeast Asia MD
The Carlyle Group’s Southeast Asia managing director, Anand Balasubrahmanyan, has left the firm after four-and-a-half years, having struggled to source deals in the region. This was conspicuously the case in Indonesia, a market popular with private...
Citigroup sells $1.9b stake in Carlyle-backed HDFC
Citigroup has sold its 9.85% stake in India’s largest mortgage lender Housing Development Finance Corp (HDFC) for $1.9 billion. The deal comes three weeks after The Carlyle Group sold part of its stake in the company for a 2x money multiple.
Blackstone, Carlyle agree $4b Reliance Infratel buyout
The Carlyle Group and The Blackstone Group have signed a term sheet to buy up to 95% of Reliance Communications’ telecoms tower unit, Reliance Infratel.
L Capital buys Wolfensohn's Fabindia stake
L Capital Asia, the private equity arm of LVMH, has bought Wolfensohn Capital Partners' 8% stake in Indian fashion company Fabindia. The company, which is seeking capital to fund expansion, has been talking to potential investors for months.
MBK's CNS exit stalled for third time
MBK Partners’ exit from Taiwanese media group China Network Systems (CNS) may again face delays, as regulators have asked the buyer to provide more information about intentions for the asset.
Carlyle’s Applus+ buys Australian inspection firm JDA
The Carlyle Group has acquired John Davidson and Associates (JDA), an Australian extraction industry services provider, through its portfolio company Applus+. The size of the transaction wasn’t disclosed but JDA had revenues of around EUR25 million...
Foreign RMB funds suffer from LP access troubles
With state-backed firms hesitant to commit and wealthy individuals unreliable, overseas private equity firms face a long slog to raise their renminbi funds
Longreach considers En Tie Bank sale - sources
Japan-focused private equity firm Longreach Group is said to be weighing up the prospect of selling its majority stake in Taiwanese lender En Tie Commercial Bank.
Temasek sells $300m ICICI Bank stake
Temasek Holdings, Singapore’s second-largest sovereign wealth fund has sold a 1.4% stake in ICICI Bank for INR14.7 billion ($299 million), reducing its shareholding in India’s biggest private bank to 2%.
TPG, Bain in talks to invest $50m in Parag Milk - sources
TPG Capital India and Bain Capital are said to be in advanced talks with India’s Parag Milk Foods about purchasing $50 million worth of shares in the dairy products manufacturer.
Slow progress for foreign RMB funds
Renminbi-denominated private equity funds have been one of the most important trends in the last few years. The market has grown tremendously with more than US$24 billion being raised in 2011 alone. Most of this capital has gone to local firms, especially...
Warburg Pincus completes partial exit from Kotak Mahindra
Warburg Pincus completed a public market sell down of part of its holding in India’s Kotak Mahindra Bank on Wednesday. The private equity firm raised about $170 million through the transaction.
Warburg Pincus, Carlyle consider backing Indian NBFC – report
Au Financiers, an Indian non-banking financial company (NBFC), is reportedly in talks with Warburg Pincus and The Carlyle Group for a third round of funding.
Carlyle plans to sell part of HDFC stake - sources
Carlyle Group is said to be planning to sell 20 million shares in mortgage lender Housing Development Finance Corp. (HDFC). The exit could generate significant returns from the private equity firm's five-year investment in the mortgage company.