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Top 5 Asian Private Equity Deals in 2014

At the behest of a friend, I’m setting out a number of observations about the private equity deals that occurred in 2014. Being January 29, 2015 when I finished writing this post, it is a little late, but I prefer to be as thorough as I can be…

Control Deals in Asian Private Equity

First, we can see from Table 1 below a general increase—admittedly with year-to-year fluctuations—in the number of private…

China Private Equity Due Diligence: A Primer

So, what can we do? (Other than decide to abandon the Chinese market, a decision that seems analogous to a physician cutting off an arm to cure a hangnail.) The short answer: Become better at due diligence. It is by no means a sovereign remedy for all the things that…

2014 Retrospective on Private Equity in Asia

First, let’s look at the private equity fundraising landscape in Asia. A number of well-known private equity firms raised successor funds, including CVC Capital Partners, The Carlyle Group, TPG Capital and Affinity Equity Partners. The success of these well-known sponsors follows the immense $6 billion Asian Fund II raised by Kolhberg, Kravis Roberts & Co.…

Blacklists in Leveraged Loans

The practice certainly still seems very widespread and not just among private equity sponsors, if the data the Bloomberg article cites is true: Data gathered by Xtract Research show that 77 percent of all loan deals in the third quarter included provisions giving borrowers the ability to block individual lenders, up from 51 percent at the end of last year.…