Public investors miss out, at least for the time being, as Metro Pacific Investments shelves its planned $1.6 billion IPO of the fast-growing Metro Pacific Hospitals.
The Korean conglomerate splashes out $1 billion on the world’s largest copper foil manufacturer, paying almost four times what KKR paid less than 18 months earlier.
Extending the streak of senior bankers who have left banking in recent years, the former Goldman Sachs co-chairman of Asia ex-Japan investment banking has joined private equity firm KKR.
As the China-US trade war gives global markets the jitters, private equity firms are increasingly looking to Southeast Asian countries like Indonesia for a return.
Another disappointing year for Malaysian equity deals is on the cards as bankers wonder how listing candidates and their private equity backers will achieve their valuation expectations.