From Breakingviews - Private equity finds silver lining in Asia Pacific
Toshiba has been inching towards a buyout for some time. Origin’s buyers, which plan to split the business in two, had already made three offers before Origin accepted. Brookfield has given Temasek and GIC spots as co-investors, while MidOcean is selling a 2.
5% stake in the main gas project it’s getting as part of the transaction to ConocoPhillipsTheir progress is a hopeful sign for the industry. Bain has some words of warning, though: buyout players will have to pick good, recession-proof companies, do scenario planning and be willing to pitch in to ensure decent returns. Which surely their investors assumed they were doing anyway.
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