Alternatives news roundup: Japan banks seek investing risk; US PE fund to sell Apac assets
KKR and Tiga Investments by a Hong Kong workspace provider; Unison Capital of Japan establishes $500m India vehicle; some Japanese banks turning to riskier assets, including private equity and real estate; Korea's NPS adds timberland to investment portfolio; US private equity fund Denham Capital seeking to sell Australian and Asian assets; and more.
AUSTRALIA
Hansen Technologies on Monday (June 7) received a conditional and non-binding buyout proposal from private equity firm BGH Capital in a deal that values the billing solutions provider at A$1.3 billion ($1 billion), sending its shares to a record high.
BGH’s offer of A$6.50 in cash per share represents a premium of 25.5% to the company’s last closing price. Hansen’s board backed the pitch and said it had granted the private equity firm exclusivity for six weeks and due …
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