Carlyle-backed buyout of Japan Asia Group faces activist challenge

Carlyle-backed buyout of Japan Asia Group faces activist challenge

The management buyout of a small green energy and technology group has put one of the world’s biggest private equity firms, Carlyle, on a collision course with the family of Japan’s most notorious activist investor. The impending clash comes as some analysts predict...
11 big things: Airbnb, Roblox lead a Bay Area IPO blitz

11 big things: Airbnb, Roblox lead a Bay Area IPO blitz

The holiday season is almost here. And for consumer-facing startups based in the Bay Area, the must-have gift of 2020 is a shiny new IPO.  Momentum has been building all autumn, with highly touted names including Snowflake, Palantir Technologies and Asana all going...
Italian Coffee Giant, Illycaffe, to Sell Stake to Rhone Capital

Italian Coffee Giant, Illycaffe, to Sell Stake to Rhone Capital

Illycaffe SpA, one of Italy’s largest coffee roasters, agreed to sell a minority stake to New York-based Rhone Capital LLC in a bid to boost its U.S. market presence. “It’s a strategic, non-financial deal that will allow Illycaffe to expand its business in the U.S....
Blackstone Seeking at Least $5 Billion for Second Asia Fund

Blackstone Seeking at Least $5 Billion for Second Asia Fund

Blackstone Group Inc. is seeking to raise at least $5 billion for its second Asian private equity fund, people familiar with the matter said. The U.S. investment firm has started marketing the new vehicle, which is more than double the size of its first Asia fund,...
Buyout Firm CVC Capital Vies With CD&R for Bilfinger

Buyout Firm CVC Capital Vies With CD&R for Bilfinger

Private equity firm CVC Capital Partners has joined the race for German industrial services provider Bilfinger SE, according to people familiar with the matter. It’s competing with rival buyout firm Clayton Dubilier & Rice, whose interest in Mannheim-based...