Huawei Technologies

More than $39.7bn was invested in Asia over the course of the year, more than the previous four years combined, according to a report from CB Insights and KPMG.

What was expected to be a battle between Bain and Silver Lake for one of the largest-ever private equity deals in China has been put on hold.

Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress and Centerbridge-led deal to buy the casino and race-track company was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’

China wants its companies to play on the global stage. But larger firms still can’t wrest themselves from the government’s grip, writes Andy Thomson.

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’.

The private equity firm has hired Hidetaka Fukuda, previously a tech policy specialist at Japan’s Ministry of Economy, Trade and Industry.

Three large deals that have recently fallen apart show private equity activity in Asia is not immune to the global financial crisis, writes Siddharth Poddar.

MBK, Macquarie, TPG and Providence were reportedly bidding on the telcom company, which represents the second Asian deal to be scuppered in recent days.