Carmela Mendoza
Close to half of the investors in the Asia-Pacific region expect to increase their private equity holdings, while around a third of investors in Europe and the US are planning to increase their allocations to the asset class.
Global private equity firm Bain Capital has acquired US retailer Daymon Worldwide and plans to expand its offerings and services across the Asian region, sister publication Private Equity International reported.
An investor consortium which includes The Carlyle Group, Chinese conglomerate CITIC Limited and its investment unit CITIC Capital Holdings has bought the Hong Kong and China businesses of McDonald’s for $2.08 billion.
The $130bn Canadian pension fund is optimistic that recent structural reforms in these two countries will unleash new sources of investment.
Chinese buyers have snapped up more than $100bn in overseas assets this year and participants in sister publication PEI’s Asia roundtable say the appetite for foreign deals is set to grow.
Paul Yang’s appointment comes barely a month after KKR expanded its Asia-Pacific senior leadership team.
The deal marks the Sydney-based private equity firm’s fourth investment from the A$180m Allegro Fund II, which is about 40 percent deployed.
The firm has raised $264m for its latest vehicle, which will invest in agtech, healthcare, advanced manufacturing and transport companies in the US and Europe.
The Mauritius-based firm has already made three investments in India from the food and agri fund.
Guangshao Tu, a known reformer who was previously asked to lead the entire organisation, has joined as the sovereign wealth fund increases its focus on agriculture.