Private Equity - Asias Headlines

Sun, Dec 28 2014

NZ pension fund, Infratil acquire RetireAustralia

WELLINGTON - New Zealand's state-run pension fund and utilities investor Infratil Ltd will acquire Australian retirement village operator RetireAustralia in a deal worth A$640.2 million ($519.91 million) as they gain exposure to Australia's growing retirement services sector.

28 Dec 2014

Fri, Dec 26 2014

Japan Post: IPO to include separate listings of bank, insurance units


TOKYO - Government-owned Japan Post Holdings Co Ltd [IPO-JAPP.T] said it plans to list in the second half of the next business year and its bank and insurance units will go public at the same time, in what could be the biggest IPO of Japanese state enterprises in two decades.

Deals, Japan 26 Dec 2014

China's Dalian Wanda buys control of China online payments firm

BEIJING - China's Dalian Wanda Group Co, whose real estate arm just raised about $3.7 billion in a Hong Kong share sale, said on Friday it has bought a controlling stake in 99Bill Corp, a Chinese third-party payment processor similar to PayPal.

Deals, China 26 Dec 2014

Thu, Dec 25 2014

Citi agrees to sell Japan retail banking to SMBC


TOKYO - Citigroup Inc has agreed to sell its Japanese retail banking operations to Sumitomo Mitsui Banking Corp (SMBC), as the U.S. bank retreats from unprofitable businesses around the world.

Deals, Japan 25 Dec 2014

JPMorgan fund in talks on taking $200 million stake in India's SpiceJet: paper


MUMBAI - A fund managed by JPMorgan Chase is in advanced talks to partner with Indian carrier SpiceJet Ltd's co-founder for a planned $200 million investment into the cash-strapped airline, the Economic Times reported on Thursday, citing unnamed sources with knowledge of the discussions.

25 Dec 2014

China's Dalian Wanda to buy online payment platform: sources

BEIJING - China's Dalian Wanda Group Co, whose real estate arm just raised about $3.7 billion in a Hong Kong share sale, plans to invest more than $300 million for control of a Chinese third-party payment platform, sources familiar with the deal said.

Deals, China 25 Dec 2014

Wed, Dec 24 2014

Kellogg and Abraaj up bids in battle for Egypt's Bisco Misr


CAIRO - Kellogg Co , the world's largest breakfast cereal maker, once again raised its bid for Egyptian snackmaker Bisco Misr on Wednesday, topping a rival offer from the UAE's Abraaj in an intensifying $144 million takeover battle.

24 Dec 2014

Aspen, Cipla win share of $860 million South Africa AIDS drug tender

JOHANNESBURG - South Africa will spend 10 billion rand ($860 million) between 2015 and 2017 on life-prolonging HIV/AIDS treatment drugs, health authorities said on Wednesday, as studies show the prevalence of the virus is rising.

24 Dec 2014

SMBC to buy Citi Japan retail business in October: sources


TOKYO - Sumitomo Mitsui Banking Corp (SMBC) will buy Citigroup Inc's Japanese retail banking operations in October for about 40 billion yen ($330 million), people with knowledge of the matter said on Wednesday.

Deals, Japan 24 Dec 2014

Tue, Dec 23 2014

RPX buys Apple-backed Rockstar patents for $900 million

NEW YORK - Patent risk management company RPX Corp said on Tuesday it would buy patents owned by Apple Inc and other firms for $900 million, helping to further scale back lawsuits over smartphone technology.

Deals, Tech, Media 23 Dec 2014

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.