Sharon Lim
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.
Advantage Partners, a Tokyo-based private equity firm raising its fourth fund, has agreed to buy the financial business of Japan’s fallen internet giant Livedoor.
The Carlyle Group’s investment in Advanced Semiconductor Engineering, valued at $6.4bn, has prompted the government to review the its existing investment restrictions and tax regulations.
Lone Star will not proceed with a planned lucrative exit from Korea Exchange Bank because of continuing investigations surrounding its investment in 2003.
The Carlyle Group is putting $20 million toward its second investment in a Chinese outdoor media business that could benefit from the private equity firm’s first investment in 2004.
Lone Star’s cofounder and chairman is thinking about terminating a $7.3 billion deal to sell its stake in Korea Exchange Bank because of widening probes into its 2003 purchase. Local prosecutors have indicted the bank and Lone Star on stock manipulation charges.
Qantas Airways’s shares rose to record high and closed 15 percent higher today after the national carrier confirmed an approach by Macquarie Bank and Texas Pacific Group.
The Blackstone Group and The Carlyle Group and Singapore’s Temasek Holdings are reportedly keen to acquire a stake in a new tower management subsidiary of Reliance Communications, one of India’s largest telecommunications operators.
The Carlyle Group gets a 33.5 percent stake in Hyundai Communications and Network for its $169 million investment in the multiple system operator in Korea.
The Carlyle Group has pulled out of a Citigroup consortium vying for a stake in Guangdong Development Bank.