M&A

The entry deadline for the FinanceAsia Achievement Awards 2025 has been extended to September 26; the awards will celebrate the best deals and firms across Asia Pacific and the Middle East over the last 12 months; FA's Deal Maker poll is also still open.

Private equity firm TPG is selling the luxury cosmetics packaging firm after purchasing it in July 2023 for around $230m.

David Wang and Meka Meng have joined from Paul Hastings in Shanghai and Beijing.

The deal for 50% of Bluegrass Business Park, which is worth $280m, includes an under-construction office tower and a one-million square foot tower leased to Mastercard.

The sustainability linked financing covers greenfield and operational assets across Australia, Hong Kong, Malaysia and Singapore, and involved a consortium of 60 banks. The financing comes after Blackstone and CPPIB's acquisition of the group last year.

The €2.85bn deal will expand the French gas giant's presence in Asia; the acquisition is being financed by a bridge loan and will be (re)financed by bond issues.

The aim of the stock purchase is to help boost advanced technology and semiconductor innovation in the US; Intel has been under the spotlight of the US administration in recent weeks.

If the bid for the listed IT services provider is successful, it will be Blackstone's largest deal in Japan.

Fujitec is a leading Japanese manufacturer of elevators and escalators and EQT wants to help its international expansion by working alongside existing management.