Affinity Equity Partners related stories
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The PEI Asia 30PEI Asia’s inaugural ranking of the 30 largest private equity firms from the Middle East and the Asia Pacific.
- KKR offloads 50% stake in Oriental
Less than two months after acquiring Oriental Brewery in a blockbuster deal, KKR is selling half the brewer to Affinity Equity Partners for $400m.
- Pantheon hires Brian Lim from CDC
Pantheon Ventures, one of the earliest fund of funds entrants in the Asian market, has hired Brian Lim from UK government-backed CDC Group. Lim will join the firm's Hong Kong-based team, currently investing an $800m Asian fund of funds.
- KKR acquires Oriental Brewery for $1.8bn
The global buyout firm has agreed to the terms laid out by the brewery’s parent InBev, which include its right – but not obligation – to reacquire the brewery within five years on ‘pre-determined financial terms’.
- KKR closes in on Oriental Brewery
The global buyout firm reportedly increased its bid for the Korean beer producer to more than $1.9bn and accepted terms such as paying a further $100m if the company’s EBITDA tops estimates two years after the sale.
- Asian private equity must adapt to changed times
Panellists at the PEI Forum: Asia tell delegates in Hong Kong that the private equity industry in the region does not need a radical change in approach, but must accept the boom years are over.
- Affinity, MBK, KKR make Oriental Brewery shortlist
The three private equity firms are likely to to make it to the second round of bidding for the South Korean brewery.
- And the winner is ...
CVC, Hellman & Friedman, Welsh Carson, Advent and Actis are among the industry veterans to have won awards in the highly regarded Private Equity International Awards 2008.
- Private equity firms vie for Korean brewer
Affinity Equity Partners, MBK, Bain, Carlyle and KKR have reportedly submitted bids for Oriental Brewery, Korea’s second largest brewer, in a deal that could be worth more than $2bn.
- Ripple effects
As emerging Asian economies struggle with declining exports and an economic slowdown, private equity firms risk some fallout, writes Siddharth Poddar.