Unitas Capital
Private equtiy reengages with Indian MFIs
The World Bank’s International Finance Corp. (IFC) is reportedly finalizing an INR1.3 billion ($29.2 million) investment in Indian microfinance institution (MFI) Bandhan. This comes as other PE players also reconsider investments into MFIs following...
Suntory to set up JV with Carlyle target GarudaFood
Indonesia’s GarudaFood plans to establish a soft drinks joint venture with Suntory, the Japanese corporate thought to have lost out to The Carlyle Group in the final round of bidding for a stake in the company. Suntory is looking to spend around $126...
Haitong plans $1.5b fund to support Chinese firms going global
Chinese brokerage Haitong Securities plans to launch a RMB10 billion ($1.5 billion) fund to support domestic companies expanding overseas, Reuters reported, citing a person familiar with the situation. The fund will be managed through Haitong’s private...
Unitas, PEP may sell Independent Liquor stake to Chinese firm
China Bright Foods Group is among the potential bidders for a stake in Independent Liquor, a New Zealand beverages group owned by private equity firms Unitas and Pacific Equity Partners (PEP). The Shanghai-based company is keen to expand overseas through...
Affinity Equity Partners, Unitas Capital exit Chinese drive manufacturer
Affinity Equity Partners and Unitas Capital have exited Leader & Harvest Technologies Holdings, a Chinese manufacturer of medium voltage drives, through a $650 million sale to Schneider Electric. The private equity firms are leaving with a 3x return on...
Affinity, Unitas launch second round of Beijing Leader auction
Affinity Equity Partners and Unitas Capital have advanced ABB and Schneider Electric to the second round of the auction process for portfolio firm Beijing Leader & Harvest Technologies. The PE firms are aiming to raise as much as $700 million, Reuters...
Counting on cleantech
Private equity dollars have flooded into China’s renewable energy sector, but should investors hedge their bets?
Asia Pacific's happy returns
Asia’s exit market has picked up steam in 2011, but questions remain as to whether timing is optimal
Unitas completes landmark Hyva deal
Asian private equity firm Unitas Capital has completed the acquisition of Hyva Holdings B.V. from Europe’s 3i, for an enterprise value of EUR525 million ($761.5 million). The acquisition was partly financed through a high yield bond, marking the first...
Co-investments: Are GPs and LPs on the same page?
Private equity funds investing together with their limited partners have been on the rise recently with no signs of slowing down but what are the economics and the implications for the relationship?
Unitas takes over Dutch firm Hyva
Unitas Capital has completed its acquisition of 100% of Hyva Holdings B.V., the provider of transport solutions from European private equity firm 3i for EUR 525 million ($761.5 million). London-based 3i was believed to have paid EUR125 million ($160...
Korean PE goes full circle
While fundraising efforts and investment and private equity activity have been subdued for some time, exit-focused activity is very much on the boil
Unitas, CCMP hold Edwards listing
One month after Unitas Capital and CCMP Capital announced that their British vacuum-parts brand Edwards Group would list in the UK, the private equity owners have reportedly called the process off to await more stable market conditions.
Commitment to markets
The commitment by private equity firms to a particular country market was the subject of a recent conversation with a prominent financial adviser. The Taiwan-based adviser claims that private equity firms are having problems making deals in Taiwan because...
Unitas, CCMP to list UK vacuum firm
Asian-based Unitas Capital, with co-investor CCMP Capital, has submitted listing filings for British vacuum brand Edwards Group, coming 43 years after the company was first taken private.
Affinity and Unitas to exit Chinese cleantech firm
Affinity Equity Partners and Unitas Capital are reportedly planning to sell Beijing Leader & Harvest Technologies Co., an energy-saving company based in China, according to a Reuters report, noting that the deal may be worth up to $500 million.
Woolworths aims to boost wine collection with Archer's Cellarmasters
Australian retail giant Woolworths has made an A$340 ($344.4 million) bid for Archer Capital-owned wine distributor Cellarmasters, coming one and a half months after the company reportedly approached Pacific Equity Partners (PEP) and Unitas Capital for...
The alternative perspective
Thanks to the global financial crisis, finding desirable special situation investments in Australia has been a less than arduous task. However, with economic conditions continuously improving down under, those closest to the asset class maintain that...
Unitas and OTPP wave good-bye to stake in Yellow Pages
LESS THAN FOUR YEARS AFTER UNITAS Capital and the Ontario Teachers Pension Plan (OTPP) completed New Zealand’s largest leveraged buyout – paying a whopping NZ$2.1 billion ($1.57 billion) for the country’s Yellow Pages franchise – the private equity...
Unitas, Ontario Teachers may bow out in NZ Yellow Pages restructure
New Zealand’s encumbered Yellow Pages may overhaul its debt structure in a move that would minimize the company’s debt burden but would render its private equity owners Unitas Capital and Ontario Teachers Pension Plan completely void.
Unitas picks up 3i portfolio company, Hyva
Hong-Kong headquartered Unitas Capital has led a consortium in the purchase of leading Netherlands-based hydraulic solutions provider to the commercial vehicle sector, Hyva Investments BV (Hyva), for EUR 525 million ($696 million). 3i purchased the group...
3i Hyva talks with Chongqing Machinery confirmed, Unitas probable
Sources close to the process have confirmed to AVCJ that 3i Group is in discussion with PRC strategic player Chongqing Machinery & Electric Company regarding the potential purchase of its portfolio asset Hyva, a Dutch hydraulic cylinder maker, which could...
NZ Yellow Pages showcases dangers of bull market LBOs
Just two months after pan-regional PE firm Unitas Capital and its co-investor Ontario Teachers Private Capital first kicked off the exit process of the New Zealand Yellow Pages Group, approaching a plethora of private equity and industry-related potential...