Aston Tan

The bidding war for the Australian hospital chain has concluded, giving rise to the country's largest LBO in two years.

Less than a month after CVC pulled out from a rival consortium bidding for the Australian healthcare chain, Blackstone has withdrawn from a consortium including TPG and Carlyle.

Mall and real estate developer Entertainment World Developers plans to raise fresh capital through an IPO to fund new projects in India.

Cross-sector project manager SingBridge International will manage and invest in large-scale, sustainable projects - initially in China and eventually globally.

The Shanghai-listed company will commit around $44m to Blackstone’s maiden RMB-denominated fund, which aims to raise roughly $735m.

The Sydney-headquartered firm will seek to raise ‘several hundred million dollars’ each for a private equity and real estate fund which are ‘risk-adjusted to Australia but reward-adjusted to China’.

KKR is now bidding alone for the Australian hospital operator against a powerhouse trio comprising of Blackstone, TPG and Carlyle.

The Allegro Fund II will target growth and distressed investments in Australia with and is targetting up to A$250m.

The acquisition of the medical evaluation provider is The Riverside Company's second platform investment in Australia, where the firm opened an office in April.

Australian mid-market firm Archer Capital is seeking to acquire all of Boom Logistics' shares in association with Queensland-based transport group McAleese.