A recent high-profile distressed deal in Australia sees the retail trend hit the Southern Hemisphere. By Aaron Lovell.
The investment firm launched 11 years ago by US buyout houses Texas Pacific Group and Blum Capital Partners has wrapped up a new $1.5bn vehicle targeting Asia.
An investment group led by Sydney-based Pacific Equity Partners appears to have missed out on what could have been Australia’s largest buyout to date.
The Australian investment bank is reported to be close to agreeing the purchase of Taiwan Broadband Communications in a secondary buyout from Carlyle Group of the US.
Nordic Capital has agreed to sell the Nordic distributor of installation-related products to Cinven and Goldman Sachs Capital Partners in a secondary buyout.
According to figures presented at the AVCA’s annual conference in Mombasa earlier this week, VCs active in Africa invested $1.3bn last year, up 60% on 2003.
China Gas, the Hong Kong-listed piped gas distributor, has pulled in financing from foreign investment groups to develop natural gas projects in China.
Warburg Pincus is to make a full exit from its highly lucrative investment in Bharti Tele-Ventures, the Indian telecommunications company.
The Institutional Limited Partner Association has thrown its weight behind private equity reporting guidelines established by PEIGG.
The mid-market private equity firm has agreed to sell The Isle of Man Steam Packet Company, the 175 year-old ferry service, to Australia’s Macquarie Bank.
Private equity fundraising is set for a record-breaking year in 2005, but the mega-LBO funds taking the industry into uncharted waters are members of a small but privileged elite. By Andy Thomson
Kohlberg Kravis Roberts, the New York-based buyout giant, is sizing up opportunities in the Australian private equity market, according to sources there.
Markstone Capital Group has attracted investment from US and Israeli pension funds to invest in late-stage old economy companies in emerging markets.
CHAMP Private Equity, the Sydney-based buyout firm, has sold portfolio company Sheridan, a bed linen business, to retailer Pacific Brands for AU$62m.
Henderson Private Capital’s head of Asian private equity Sanjiv Kapur has left the group at the same time as it has announced the launch of a new Asian fund with a $500m target.