Official Record
Actis KS Distribution deal approved
Emerging markets private equity firm Actis, has formed KS Distribution Pte. Ltd., an oil, gas and marine products distribution company, in partnership with Singapore-based KS Energy Services Ltd.
CPPIB/OTPP reach end of road with Transurban
In what looks like the end of the road for the takeover bid by Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers’ Pension Plan (OTPP) for Australian toll road operator Transurban Group, the Transurban board rejected a higher offer...
Showdown at GOME
The strength - and limits – of founder control in PRC investee companies received a sharp demonstration last week as major shareholders ostensibly connected to Huang Guangyu – founder of GOME Electrical Appliances and at that point awaiting trial in China...
TPG clear to exit China bank to Ping An
TPG Capital's groundbreaking early investment in China’s banking sector appears close to an exit in its sale of its c.16.76% stake in Shenzhen Development Bank to local insurance giant Ping An Insurance Group.
Chinese heparin maker in historic IPO for Goldman
Shenzhen Hepalink Pharmaceutical Co, Ltd, is debuting on the Shenzhen Stock Exchange, selling up to 40.1 million shares at RMB148 ($21.68) each, the most expensive IPO price for a Chinese stock to date.
CVC Capital Partners backs Sun Hung Kai Financial
CVC is making a commitment of around $220 million to one of Hong Kong’s longest-established and best-regarded non-bank financial groups, Sun Hung Kai Financial (SHKF), in a deal described as a strategic alliance, to support the rollout of its consumer...
Taizinai puts China risk on show
The deteriorating situation around Hunan Taizinai Group, a PRC dairy company now in provisional liquidation with RMB3 billion ($440 million) in debt, is turning into quite a lesson on the risks of emerging markets investing, particularly in China.
Future Fund exit upsets Transurban bid
One of Australia’s biggest uncompleted deals, the Canada Pension Plan Investment Board (CPP IB) and Ontario Teachers' Pension Plan (OTPP)’s joint A$6.8 billion ($6.2 billion) planned investment in local toll road operator Transurban Group, was cast into...
Blackstone, Capital International make China agro play
In the latest large deal of a rapidly reviving investment environment, Capital International and the Blackstone Group have co-led a $600 million pre-IPO private placement of shares in Dili Group Holdings Co. Ltd., an operator of wholesale vegetable markets...
Asian Genco power win sets no precedent
The $425 million significant minority investment into Singapore-headquartered Indian power generation infrastructure group Asian Genco by a consortium of investors led by Morgan Stanley Infrastructure Partners has been hailed as a first for the sector....
Asian buyers are back
Leading private equity investors are probably breathing sighs of relief as their exit options appear to be reopening, particularly in Southeast Asia.
Unison Capital to acquire MK for real estate
Unison Capital, the Japanese buyout firm, will acquire a 61.3% stake in MK Capital Management, a listed real estate-related finance and asset management company, through a private placement of new shares due on April 5th this year.
Carlyle partners with Fosun for JV, RMB fund
The Carlyle Group has signed a strategic partnership agreement with Fosun Group, the largest privately-owned investment conglomerate in China, to enhance their investment activities in the Greater China market.
Actis makes Philippines investment in Ayala's Integreon
Emerging markets specialist firm Actis has invested $50 million in Integreon, the BPO company owned by Ayala holding company Livelt Investments Ltd.
EON Capital rejects HLB offer
Primus Pacific investee EON Capital Bhd has rejected a MYR4.92 billion ($1.4 billion) takeover offer from Hong Leong Bank, run by Malaysian billionaire Quek Leng Chan.
CITIC Capital Partners closes ahead on $925 million
CITIC Capital Partners, the private equity arm of China’s CITIC Capital Holdings Ltd., has had a final close on its second buyout fund at $925 million, exceeding its original target of $750 million.
Quadrangle has Asian debut with Indian towers
Quadrangle Group, the $6 billion Wall Street media and communications private investment firm founded by former Lazard Frères star Steve Rattner, has made its first Asian deal through its Quadrangle Capital Partners private equity arm, leading a significant...
CVC AP makes Indonesia retail play
CVC Capital Partners Asia Pacific (CVC AP) caught the market off-guard as it came to light that its Indonesia venture had purchased the department store arm of PT Matahari Putra Prima for 7.2 trillion rupiah ($773 million).
Affinity Loscam IPO gathers speed
Affinity Equity Partners Australian investee Loscam, a pallet supplier, has reportedly appointed Credit Suisse and Deutsche Bank as advisors for its planned ASX IPO, which could reach up to A$800 million ($720 million).
Bain gets Domino's takeaway
US private equity firm Bain Capital has announced that it will take 100% of Higa Industries Co., the Tokyo-based company that operates Domino’s Pizza in Japan, from the three existing shareholders, including Higa’s founding CEO.