East Asia

Buy or be bought: the message is clear for technology companies

Private equity is likely to have another big year backing technology buyouts in the UK, according to PricewaterhouseCoopers, as trade buyers return elsewhere.

TPG, Apollo to buy Harrah’s for $17bn(3)

After months of negotiation, the board of the gaming company has agreed to a sweetened offer from the two private equity firms.

Cerberus Capital sets sights on China

Cerberus Capital Management is planning to extend its Asia presence beyond Japan to China. A new office in Hong Kong is on the cards.

Actis hires oil and gas head

Actis has boosted its oil and gas operations in Africa and South East Asia with sector veteran Meb Somani, who has been hired as head of the division.

Venture looks for alternatives(2)

A year-end predictions survey released by the NVCA shows that though there is some optimism for future IPO performance among VCs, many will be actively looking for alternative exit strategies, including M&As by private equity firms. Dave Keating examines the results.

Rhone to buy division of International Paper(3)

International Paper has also agreed to sell a separate unit to Australian forest products company Carter Holt Harvey, bringing the total value of the company’s many spinouts to approximately $11bn.

Kirkland opens first Asian office in Hong Kong(3)

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.

Venture looks for alternatives

A year-end predictions survey released by the NVCA shows that though there is some optimism for future IPO performance among VCs, many will be actively looking for alternative exit strategies, including M&As by private equity firms. Dave Keating examines the results.

EQT closes China fund on $545m(3)

The Nordic firm is fast transforming itself into a alternative asset powerhouse with mezzanine and special situation funds to complement its buyout business and has underlined its territorial expansion with a second China fund.

Orchid Asia lists portfolio company in Hong Kong

Orchid Asia, a China-focused growth capital provider, has made three times its money in paper gains from the listing of a portfolio company in Hong Kong on 1 February.