James Packer’s Publishing and Broadcasting is in talks with CVC Asia Pacific and CVC Capital Partners about trimming its stake in their joint-venture PBL Media. Australia’s richest man is selling the media assets to fund the global expansion of his gaming business.
2 min read · 04 January 2013
Asia Alternatives, a new fund of fund manager that has its headquarters in Hong Kong, has raised $515 million, exceeding a $450 million hard cap. The fund may have just held its final close but is already invested in more than ten funds focused across 12 Asian countries.
3 min read · 04 January 2013
Kohlberg Kravis Roberts & Co has decided to follow CVC Asia Pacific and quit the consortium bidding for Coles Group after two weeks of due diligence on the Australian retail giant. Coles shares have consequently fallen below the A$17.00 mark for the first time since April.
2 min read · 04 January 2013
Emerging private equity market investor Actis has made over $1 billion from the sale of power assets held by Globeleq, a subsidiary of UK investment group CDC, through two transactions.
1 min read · 04 January 2013
Citigroup has hired Chris Gammons from Deutsche Bank to join its growing Asia financial entrepreneurs group. He will be based in Hong Kong.
1 min read · 04 January 2013
Olympus Capital, an Asia-focused private equity firm, is acquiring most of the stake held by the founding family of a Japan-listed kimono retailer in a deal worth $67 million.
2 min read · 04 January 2013
Oaktree Capital, an alternative investment manager, is seeking to delist Taiwan’s Fu Sheng Industrial with a tender offer for all its shares. The $1 billion offer for the world’s largest manufacturer of golf club heads is backed by the founder and chairman.
2 min read · 04 January 2013
Top US venture firm Kleiner Perkins Caufield & Byers has entered China with a $360 million fund and a seasoned team of local investment professionals.
2 min read · 04 January 2013
Ironbridge Capital is set to take over MediaWorks in New Zealand after it reached an agreement to buy out the company’s 70 percent shareholder in a transaction that values the company at $407 million.
1 min read · 04 January 2013
The Carlyle Group will invest up to $20 million in Korea’s Topia Academy, an after-school private education business founded in 1995 by a former English lecturer.
1 min read · 04 January 2013
