APAC Digest: Carlyle to exit Japanese firm; Greenstone invests $21.2m more in Heron


While private equity major Carlyle Group has almost divested its investment in Japanese precision ball maker, Greenstone Resources has invested an additional $21.2 million in mining firm Heron Resources. Carlyle group to exit Japanese precision ball maker Tsubaki Nakashima Carlyle Group has inked an agreement to exit a major portion of… Read more »

Japanese banks turn to PE, hedge funds for returns

Japanese banks are following the nation’s largest insurance companies in considering more alternative assets as choices narrow.

SoFi’s CEO steps down as sexual harassment claims damage morale

Cagney has engaged in at least one inappropriate relationship with a female employee, with suggestions of others.

Thyssenkrupp may reach preliminary deal with Tata Steel this month

A spokeswoman for Thyssenkrupp said the companies were close to signing a memorandum of understanding (MoU).

Western Digital-led group wins bid for Toshiba chip unit – report

Japan’s Nikkan Kogyo newspaper reported the deal without citing sources.

Japan govt launches $12b follow-up sale of Japan Post Holdings shares

The sale – the first since its postal and financial giant’s mammoth IPO in 2015 which also raised about $12 billion – also comes in the wake of M&A missteps.

CBS paying at least $162m cash for Australia’s Ten Network

CBS, the United States’ most-watched television network, said it agreed to buy Ten last month.

Saudi Arabia says Aramco IPO on track as it redrafts reform plan

The NTP’s revision “represents learning and progress, and provides a stronger foundation for the necessary reforms”.

Bain-SK Hynix consortium ups bid for Toshiba chip unit to $22b

The move comes after Western Digital Corp reportedly revised its offer.

Sovereign wealth funds increase private investments in emerging markets

Lower returns on other asset classes are a contributing factor.