Sharon Lim

Bain and Blackstone join Coles Myer bid

Bain Capital, The Blackstone Group and Pacific Equity Partners are joining a consortium of buyout firms that has approached Coles Myer with a takeover offer.

Kirkland opens first Asian office in Hong Kong(2)

Kirkland & Ellis, a law firm, has picked Hong Kong to make its foray into Asia as China is where the firm’s private equity clients are most active.

Indian mobile device startup gets $8.5 million in financing

SIDBI Venture Capital and Clearstone Venture are investing a combined $6.5 million into a mobile device designing and manufacturing startup, DGB Microsystems. The startup’s founder and associates are putting in $2 million of their own money.

Standard Chartered Private Equity buys minority stake in Wilmar

Standard Chartered Private Equity has acquired a minority stake in Singapore-listed Wilmar Holdings, a large palm oil business group with operations in Malaysia and Indonesia.

Kirkland opens first Asian office in Hong Kong

Kirkland & Ellis, a law firm, has picked Hong Kong to make its foray into Asia as China is where the firm’s private equity clients are most active.

Ripplewood and Videocon to acquire Daewoo Electronics

Ripplewood Holdings, a US private equity firm, and Videoncon Industries, an Indian strategic partner, have won the race to acquire Korea’s Daewoo Electronics in a transaction worth a reported $700 million.

Pacific Equity Partners backing Kiwi retailer public-to-private

Pacific Equity Partners, an Australian buyout group, is joining forces with the founder of The Warehouse Group, New Zealand’s largest listed retailer, in a take-private proposal.

RHJ International boosts Asian presence with new appointments

RHJ International, Euronext-listed holding company of US buyout firm Ripplewood, has boosted its Asian presence creating a new subsidiary and making new hires.

Japan’s Ashikaga Bank sale attracts private equity sponsors

A planned auction of Ashikaga Bank, a Japanese bank revitalised by the government, is reportedly drawing interest from private equity groups including Lone Star.

MBK and TPG-Newbridge to compete for China Networks

Two private equity firms have been shortlisted from an original list of six that included Kohlberg Kravis Roberts and Goldman Sachs to compete for the acquisition of China Networks Systems, a Taiwanese cable TV operator.