The BC Partners-led consortium has pulled off its YTL3.9 billion bid for Migros Türk in the face of strong competition including The Blackstone Group and Kohlberg Kravis Roberts. It is Europe’s largest deal since credit markets seized up.
2 min read · 12 January 2013
The middle market firm’s $30 million investment in niche lender FirstAgain is its first in the sector since hiring former JPMorgan and CCMP pro Carty Chock.
2 min read · 12 January 2013
Someone’s going to make a killing, but it will take nerves of steel, writes Nicholas Lockley.
2 min read · 12 January 2013
Fresh from closing its fourth turnaround fund on $4 billion, WL Ross has hired John Kanas, former CEO of North Fork Bancorp, to advise on investments in distressed financial services firms.
1 min read · 12 January 2013
Bahrain investor goes large in US * H&Q takes control of Taiwan Sumida Electronics * Fidelity backs online manufacturing marketplace * HSBC buys into Indian software business * Tasameem eats up dim sum restaurants * Rasmala buys into private equity group * CDH, Goldman team up again * Consortium invests $1bn in Indian telecoms * Abraaj nets 75% IRR on internet deal
6 min read · 12 January 2013
Goh Yew Hong is a co-founder of Axiom Asia Private Capital, a Singapore-based fund of fund manager founded in 2006. Established by a group of former executives from Singapore's GIC Special Investment, Axiom made headlines last year when it raised $440 million to invest in Asia-focused private equity funds. Axiom Asia represents a new generation of local fund of fund managers that have gained favour with investors outside the region who like the local and institutional experience of professionals like Goh. At GIC, which he joined in 1995, Goh was involved in investments in private equity funds, direct deals and co-investments. Sharon Lim spoke to him in January.
3 min read · 12 January 2013
In Asia, the credit crunch has had limited impact on debt markets so far. Buyout pros and leveraged finance specialists in Hong Kong and Singapore are nevertheless bracing for tricky times. By Patricia Lee.
6 min read · 12 January 2013
Obstacles still remain, but Europe's private equity markets are becoming more integrated. Peter Cornelius and Karlijn Juttmann of AlpInvest Partners look at the implications.
9 min read · 12 January 2013
The near-term future of the leveraged buyout market presents an unfolding tale of two halves. Mid-market private equity firms will cautiously continue to acquire quality companies, while mega-fund managers will dramatically downsize their deal sizes and pursue alternative deal structures. David Snow asks LBO insiders to take the temperature of 2008.
6 min read · 12 January 2013
If European venture is a hard sell, Italian venture is even tougher. But that didn't stop two former executives of large private equity groups from plunging into the space with a debut fund.
3 min read · 12 January 2013
