Official Record
“Big boys” battle it out in India
The mid-cap space is what makes Indian PE tick - even for larger firms
HSBC PE Asia spins out to management
HSBC has followed through on its plan, first discussed internally in June this year, to spin out its private equity divisions, at least in Asia, with the sale by HSBC Holdings of 80.1% of HSBC Private Equity (Asia) Ltd. to Foci Holdings, an SPV backed...
Permira’s third Asian deal a satellite play
Permira, one of Europe's largest private equity players, has purchased a controlling stake in Asia Broadcast Satellite Ltd. (ABS) from Citi Venture Capital International and ADM Capital for around $200 million.
The sky’s the limit with Chu-ANA joint venture
Hong Kong-based First Eastern Investment Group Founder Victor Chu and his family are making their first foray into the highly regulated aviation industry in partnership with All Nippon Airways (ANA), Japan’s second-largest carrier, launching a budget...
Alinta’s future hinges on private equity consortium deal
Australian power generation company Alinta Energy Group has been in talks with TPG Capital’s debt investment arm, TPG Opportunities Partners, to restructure the company, pending the outcome of an earlier proposal by the company for trade sales plus...
Foster’s tells private equity firms wine bids are corked
Australian beverages major Foster’s Group’s plans to divest its Treasury Wine Estates wine estate, which owns the Lindemans, Rosemount, Penfolds and Wolf Blass brands, has not been the PE win many firms had hoped for.
Coke picks up Japan’s Q’sai juice maker
Coca-Cola West has bought out Daiwa Corporate Investment and Polaris Principal Finance-backed Japanese vegetable juice maker Q’sai for JPY63.9 billion ($757 million), which includes JPY28 billion ($331 million) of debt.
Nan Shan a no-go for Primus
The sale of AIG's Nan Shan Life Insurance unit to China Strategic and Primus Financial Holdings was poised to be one of Asia’s biggest private equity deals of the year, but following regulators’ rejection of a consortium’s $2.15 billion bid, it...
CPPIB on the (Aussie) road again
In a deal that looks set to transform the regional infrastructure and private equity investment numbers for 2010, Canada Pension Plan Investment Board (CPPIB) has received a formal recommendation from the board of Australian toll road player Intoll Group...
Wise paints the town with Teibow
Tokyo-based private equity firm Wise Partners has won the takeover contest for Teibow Co., a leading Japanese maker of felt pen nibs, from Goldman Sachs, in a deal estimated at around JPY12 billion ($141 million). The Development Bank of Japan (DBJ) was...
Potash a hot commodity
When Canadian fertilizers mining leader PotashCorp formally rejected Australia-headquartered resources major BHP Billiton’s $130-per-share, $39 billion takeover bid last week, expectations were triggered that multiple higher bids would emerge from some...
PEP no chicken with Tegel Foods exit
Pacific Equity Partners is seeking exit options for its New Zealand investee, poultry producer Tegel Foods, the country’s largest poultry producer, with a value estimated around A$600 million ($533.2 million), double the price that the ANZ private equity...
Sino-Murdoch media deal
China's second-largest media company, Shanghai Media Group (SMG) – backed by PE fund China Media Capital – is to purchase the controlling stakes of three News Corp. channels, paying Rupert Murdoch’s company an undisclosed amount for the assets....
Silver Lake says ‘yes’ to Allyes
Global PE firm Silver Lake is set to take a 62% stake in digital ad service Allyes Online Media Holdings Ltd. from Focus Media in a $124 million deal to take indirect equity ownership of Allyes and its consolidated subsidiaries and affiliates – a unique...
SAIF gets juice from Huiyuan
SAIF Partners has picked up a 22.98% stake in Chinese beverage company Huiyuan Juice Group from French food group Danone, purchasing the tranche for about $260 million, one year after the Chinese government foiled Coca-Cola Co.’s bid to acquire Huiyuan...
WuXi Pharma sees no exit via Charles River
VC-invested PRC pharmaceutical major WuXi PharmaTech saw its $1.6 billion sale to US peer Charles River Laboratories fail over opposition from major shareholders in Massachusetts-based Charles River, including Neuberger Berman and hedge fund Jana Partners.
CCB International sees 4x exit with China ITS
CCB International Asset Management Ltd., the investment and asset management arm of PRC lender China Construction Bank, has claimed a 4x return on one of its earliest deals, the 2006 investment into China ITS (Holdings) Co. Ltd., a leading PRC intelligent...
Bain goes for Mr. China’s ASIMCO
Bain Capital is to become the controlling shareholder of ASIMCO Technologies Ltd., the Beijing-based manufacture of automotive components made famous by the book ‘Mr. China,’ for $150 million.
Gung-ho for Kyobo as buyout firms assess stake
Potential private equity buyers, specifically Affinity Equity Partners and the Carlyle Group, are doing due diligence on a potential 24% significant minority stake opportunity in Kyobo Life Insurance Co., Korea’s third-largest insurer and second-largest...
Yellow Pages auction up a gum tree?
Unitas Capital and Ontario LP direct investment major Teacher’s Private Capital are reportedly hunting for buyers for New Zealand’s Yellow Pages Group, having launched a sale process for the estimated $700 million asset – more than 50% lower than...
CPPIB on the road again in Oz with Intoll
The Canada Pension Plan Investment Board (CPPIB) has returned to its pursuit of Australia-headquartered toll road groups with an A$3.4 billion ($3.05 billion) privatization proposal for Australian road toll operator Intoll Group – a cash offer at a...
Carrefour to sell off SEA stores
French hypermarket chain Carrefour reportedly aims to put its subsidiaries in Malaysia, Singapore and Thailand up for sale in hopes of raising as much as $1 billion.
Carlyle, TPG pick up Healthscope for $1.73 billion
The Carlyle Group and TPG Capital have won out in a bidding contest for Australian private hospitals and pathology services operator Healthscope Ltd., with an A$1.99 billion ($1.73 billion) all-cash offer that has already been unanimously recommended...
MBK CNS process could jumpstart Taiwan deals
North Asia-focused buyout firm MBK Partners has started the formal sale process for its Taiwanese cable TV/broadband asset China Network Systems (CNS) with the first bidding round, forecast to fetch up to $2.5 billion in a deal shaping up to be one of...