TPG Capital
Collins rescues Angus & Robertson
Book, Entertainment and Stationary vender REDGroup Retail is a blot on Australia’s private equity landscape. With Collins Booksellers agreeing to buy a number of its bankrupt rival’s Angus & Robertson (A&R) franchises, perhaps the blot can finally be...
China funds: Cult of personality
Wang Gongquan's apparent departure from China’s private equity industry was nothing if not dramatic. An early-stage investment pioneer with IDG Venture Partners, Wang went on to found CDH Venture Capital, notably guiding Qihoo 360 to the US markets in...
Indonesia considers cap on foreign ownership of local banks
Indonesia is considering limits on foreign ownership of domestic banks at a time when private equity firms are keen to boost their exposure to the sector. Darmin Nasution, the central bank governor, said that the potential impact of the regulations is...
Bright Food linked to Manassen Foods bid
China’s Bright Food Group is in negotiations to buy Manassen Foods from CHAMP Private Equity, Reuters reported, citing two people with knowledge of the matter. Australian firm Manassen, which was acquired by CHAMP in 2006, is best known for Jelly Belly...
TPG hires Bain Capital's MD for its China team
TPG Capital has recruited Jingsheng Huang, a Shanghai-based managing director at Bain Capital, as it looks to boost its China expertise. He is expected to start his new role in late August, Reuters reported.
CDB to invest in MP Pacific Harbor Capital
China Development Bank (CDB) is poised to become a cornerstone investor in MP Pacific Harbor Capital, an Asian credit fund, as part of a wider initiative to take stakes in private equity and hedge funds.
Bondholders threaten takeover of failed Japanese consumer lender
A&P Financial’s court-mandated takeover of Japan’s Takefuji Corp. could be derailed after bondholders in Takefuji sought to force the consumer lender into liquidation with a view to seeing a better recovery from their investment, Reuters reported.
Bright Food considers Treasury Wine bid - report
Shanghai-based food producer Bright Food Group is considering buying Australia’s Treasury Wine Estates, the brand that was spun off by beer maker Foster’s Group last month, Bloomberg reported.
Buyouts reassess their Australia risk
A hot currency and a degree of regulatory uncertainty are not turning investors away from Australia, but they may alter how buyouts do business there
China's rainmakers go solo
There have been many articles, books, discussions and conferences on Chinese entrepreneurism. This has come under the spotlight again with the recent wave of IPOs by mainland businesses in various bourses around the world. While many of these activities...
Maybank, CIMB drop RHB pursuit following Aabar Investments' 25% stake acquisition
The potential merger between RHB Capital and either Maybank or CIMB has collapsed after Abu Dhabi-backed Aabar Investments agreed to pay a price for a 25% stake in the Malaysian lender that the banks could not match.
Foster's rejects SABMiller
Foster's Group has rejected a takeover bid by US label SABMiller, branding the A$9.5 billion ($10 billion) as offer too low. The move comes one month after the Australian firm spun off its distressed wine brand - provoking considerable interest from private...
Apax nears Jyothy stake buy - report
Apax Partners is reportedly closing in on a 26% stake in Mumbai-based consumer goods firm Jyothy Laboratories, bringing to an end a battle between several private equity firms over the $150 million deal.
TPG, Affinity seek IPO exit from Singapore's UTAC
TPG Capital and Affinity Equity Partners are targeting a $400 million IPO for United Test Assembly Center (UTAC), a Singaporean firm that tests and assembles semiconductors. It is likely to be the largest listing in Singapore this year aside from business...
Private equity seeks Southeast Asia consumer plays
Has private equity become infatuated with the Southeast Asian consumer? As valuations continue to rise in China and India, industry participants note that a growing number of funds are now looking for deals elsewhere in the region.
Make space in your diary...
I am pleased to announce the official launch of our AVCJ Asian Private Equity & Venture Forum 2011 and this year’s conference rocks. I am obviously biased but our roster of speakers simply speaks for itself.
Morgan Stanley's China JV brokerage opens for business
Morgan Stanley's brokerage joint venture in China with Huaxin Securities has begun operations, having received a business license on May 30.
TPG buys stake in Indian ATM services provider
TPG will pay around INR150 crore ($33.6 million) for a 20% stake in AGS Transact Technologies, which provides ATM services to banks. Ravi Goyal, managing director of AGS, confirmed that the US private equity firm has purchased a “substantial stake,” the...
TPG pays $100m for 15% stake in Shriram Properties
TPG has bought a 15% holding in Shriram Properties, the real estate arm of Indian financial services player Shirarm Group, for INR450 crore ($100 million).
China's LP problem
When the world's largest equity players announced plans to launch renminbi-denominated funds in China, there was no shortage of headlines. This was what they had been waiting years for: an opportunity to tap into the growing wealth of local institutions...
RHB battle highlights PE challenges in Malaysia
As private equity in China and India becomes overcrowded, driving up valuations, some funds have broadened their regional focus. Malaysia has generated particular interest, but recent developments suggest that the pickings are likely to be small.
Auction for 25% RBH stake to move forward - report
Abu Dhabi Commercial Bank (ADCB) is reportedly set to move forward with its 25% stake sale in RHB Bank, despite news that two rival banks would launch acquisition bids for Malaysia’s fifth-largest lender. ADCB’s auction process is expected to attract...
PE funds eye Jyothy stake sale
Mumbai-based consumer goods firm Jyothy Laboratories is reportedly looking to sells a minority stake in itself in an effort raise up to $200 million, and has approached private equity funds including Actis, Apax Partners, Carlyle and TPG about the deal....
PE funds to battle for Japanese sweetner specialist
South Korean conglomerate CJ Group and Japanese PE fund Unison Capital are believed to be part of a consortium pursuing sweetener manufacturer Hayashibara, also of Japan.