Sharon Lim

Buyout interest in Coles ends as Wesfarmers continues(2)

All eight of the large buyout firms in the race to buy Coles Group, Australia’s second largest retailer, have now dropped out of the running. Trade buyer Wesfarmers is now expected to complete the $19 billion transaction, which will be the largest in the country to date, without private equity support.

Affinity, TPG to finance UTAC deal with cov-lite loan(2)

Affinity Equity Partners and TPG Capital are planning to finance a $1.4 billion buyout of Singapore-listed United Test & Assembly Centre with a covenant-lite loan, as increased competition between lenders leads to greater flexibility for investors in the region.

Affinity, TPG to finance UTAC deal with cov-lite loan

Affinity Equity Partners and TPG Capital are planning to finance a $1.4 billion buyout of Singapore-listed United Test & Assembly Centre with a covenant-lite loan, as increased competition between lenders leads to greater flexibility for investors in the region.

CDC commits $100m to two China funds as regulations tighten

CDC has committed $100 million to two China-focused funds – CDH China Fund III and CITIC Capital Partners’ maiden China fund.

DLA boosts Beijing team(3)

DLA has recruited Steven Liu from Heller Ehrman to join its Beijing office as a partner. Liu is the sixth legal professional to join DLA Beijing in the last six months.

Macquarie Infrastructure buys 20 percent of Taiwan Broadband(3)

Macquarie International Infrastructure Fund has bought a 20 percent stake in Taiwan Broadband Communications for $178 million. The controlling shareholder in TBC is Macquarie Media Group which holds a 60 percent stake.

Advent Private Capital appoints investment manager(3)

Advent Private Capital, an Australian private equity firm has hired an investment manager to add to a 5-strong investment team after the mid-market specialist closed a fifth fund on A$300 million late last year.

Macquarie Infrastructure buys 20 percent of Taiwan Broadband(2)

Macquarie International Infrastructure Fund has bought a 20 percent stake in Taiwan Broadband Communications for $178 million. The controlling shareholder in TBC is Macquarie Media Group which holds a 60 percent stake.

Dragonvest funds Chinese gaming developer(3)

Dragonvest Partners has invested $1.5 million in a Series-A round in a Chinese game development and outsourcing company to expand its international operations and Shanghai studio.

Advent Private Capital appoints investment manager(2)

Advent Private Capital, an Australian private equity firm has hired an investment manager to add to a 5-strong investment team after the mid-market specialist closed a fifth fund on A$300 million late last year.