East Asia

MBK Partners signs first deal in Japan

MBK Partners in its second deal this week has beaten two local private equity firms to seal its first deal in Japan, investing ¥71 billion in Yayoi, a business software unit of internet service provider Livedoor.

Sequoia drops Yale after refusal to invest in Asian funds

Yale University has reportedly said that Sequoia severed its relationship with the $18 billion endowment after it declined to invest in some of the firm’s newer, Asian vehicles.

Carlyle commits $199m to education venture

Carlyle has teamed with US education provider Apollo Group to form Apollo Global, a $1 billion joint venture that will invest in the education services sector outside the US.

Carlyle backs schools in China(2)

The Carlyle Group has invested $20 million in a Chinese language institute to help it expand across the country.

CLSA leads $60m Chinese water financing(2)

The mezzanine management arm of CLSA Capital Partners, an alternative investment group based in Singapore and Hong Kong, has led the financing of Asia Water Technology, a Singapore-listed company operating in China.

Pantheon invests in Carlyle-backed Chinese flooring company

Pantheon Ventures, a private equity fund of funds specialist, has invested $12.5 million in a Chinese wood flooring manufacturer backed by The Carlyle Group.

Tano and Darby join to establish new China fund

Tano Capital, a US private equity firm which focuses on China and India, is forming a joint venture with Darby Overseas Investments and Tianjin Port Tariff-Free Zone Investments, a local government-linked.

KPS in $400m metals deal

KPS Capital Partners will pay $400 million for the metals business of Olin Corporation. The deal is KPS’ first from its latest distressed fund, which closed on $1.2 billion in June.

GEM to buy 49 percent stake in Chinese coal mine

The Global Emerging Markets Group has agreed to acquire a 49 percent stake in a coking coal reserve in Inner Mongolia. The deal is GEM’s second direct private equity investment in the country.

CLSA leads $60m Chinese water financing

The mezzanine management arm of CLSA Capital Partners, an alternative investment group based in Singapore and Hong Kong, has led the financing of Asia Water Technology, a Singapore-listed company operating in China.