Reuters – Ontario Teachers, Unitas Team up for Infastech bid

Ontario Teachers’ Pension Fund and private equity fund Unitas Capital have teamed up for a potential joint bid for Singapore-based industrial fastener maker Infastech in a deal worth over $750 million, writes Reuters. Teachers’, which oversees about C$117.1 billion ($114.93 billion) in assets, is an investor in Unitas’ last Asia fund in 2008, according to […]

Unitas Buys Carlyle Stake in China’s Babela Group

Private equity fund Unitas Capital has acquired Carlyle Group’s stake in China restaurant chain Babela Group, writes Reuters. Asia-based Unitas said it had acquired a majority stake in Babela, which owns three restaurant brands in China, for $40 million. The firm did not disclose the names of the investors. Reuters – Private equity fund Unitas […]

Schneider Electric Pays $650M For Leader & Harvest

Schneider Electric SA will pay $650 million to acquire China’s Leader & Harvest Technologies Holdings Ltd., Reuters reported. The deal provides a strong exit for owners Affinity Equity Partners and Unitas Capital, which are pulling in more than three times their initial, $200 million investment, made in 2009.

PE-backed Edwards Sets Range for I.P.O.

British vacuum technology maker Edwards has set a price range of 200 to 270 pence for its London listing, Reuters reported. The company is currently owned by private equity groups CCMP Capital and Unitas Capital. Edwards will sell roughly 35% of the company during the offering, Reuters reported.

Affinity, Unitas Plan to Exit Leader & Harvest

Private equity firms Affinity Equity Partners and Unitas Capital are planning to exit Beijing Leader & Harvest Technologies Co. in a deal that could reach up to $500 million, Reuters reported. The firms have hired Deutsche Bank to run a dual-track IPO and auction for the Chinese energy-saving company.

Unitas Capital to Buy Hyva from PE Firm 3i Group

Private equity firm Unitas Capital will pay an undisclosed amount for Dutch pump maker Hyva, providing an exit for Hyva’s current owner, 3i Group, Reuters reported. Though terms of the deal were not released, previous valuations have estimated the deal at roughly $830 million, Reuters said. Hyva makes hydraulic components for industrial machinery, and generates the majority of its sales from China and India. Unitas Capital has offices in Hong Kong, Melbourne, Seoul and Shanghai.

Unitas Capital CEO Indicates Interest In 3i Group’s Hyva – Reuters

Unitas Capital Pte. Ltd.’s Chief Executive Officer Andrew Liu expressed an interest in the auction of 3i Group’s PLC’s Hyva, Reuters said. Liu didn’t mention the Netherlands-based pump maker by name, but the comment was made when asked about Hyva’s auction at the AVCJ Private Equity Forum.

Edwards talks up profits before sale or flotation

Edwards Group, the British vacuum technology firm backed by CCMP Capital and Unitas Capital, has said that sales and profits will grow in the second half of 2010, ahead of its planned sale or flotation. Reuters reports that CCMP and Unitas Capital have valued the company at about 1.5 billion pounds ($2.4 billion).

PE Firms Put NZ Yellow Pages On The Block

(Reuters) – Private equity owners of New Zealand’s Yellow Pages Group have launched a sale process for the business, two sources familiar with the deal said on Friday, in a sale media reports say could be worth around $700 million. An information memorandum has been sent to potential buyers, including large private equity firms and […]

Unitas Capital Sells Buy The Way to Lotte Group

SEOUL (Reuters) – South Korean retailer Lotte Group said on Monday it will take over the convenience store chain Buy The Way from private equity firm Unitas Capital for about $235 million, in a move to challenge sector leader FamilyMart (8028.T). Asia-focused Unitas aimed to sell the retailer and sought to close the deal by […]

Interpark Bids On Buy The Way

SEOUL (Reuters) – South Korean online mall operator Interpark (035080.KQ) said on Monday it had submitted a preliminary bid to buy local convenience store chain Buy The Way from private equity firm Unitas Capital. “We have participated in the bid for Buy The Way, but we have not heard from the seller yet. This is […]

Unitas Capital Gets Nine Bids for Buy The Way

HONG KONG (Reuters) – Asia-focused private equity firm Unitas Capital received nine bids for South Korean retailer Buy The Way, most in excess of $260 million, a source familiar with the situation said on Tuesday. Unitas, formerly known as CCMP Capital Asia, acquired South Korea’s fourth-largest convenience store chain in July 2006 in a leveraged […]

Unitas Capital Closes Tokyo Office

HONG KONG/TOKYO (Reuters) – Asia-focused private equity firm Unitas Capital, formerly known as CCMP Capital Asia, said on Friday that it has closed its Tokyo office, to focus on deal opportunities in the rest of the region. The closure of its Tokyo office became effective on Tuesday, a spokeswoman said. CCMP was the private equity […]

CCMP Asia Closes Fund, Changes Name

HONG KONG (Reuters) – Private equity firm CCMP Capital Asia said on Monday it raised $1.2 billion for its third buyout fund, pulling the money together at a time when lending is tight, volatility high and valuations falling. Major investors of Asia Opportunity Fund III L.P., the latest buyout fund that CCMP Capital Asia has […]

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