Financial Times (May 13)
For some time, “private equity firms have set their sights on the many profitable yet unloved parts of corporate Japan that sit under the umbrellas of conglomerates such as Toshiba, Hitachi and others.” Currently, “the attention on Japan could not be any greater. Much of the ‘dry powder’ sitting in funds raised for Asian dealmaking is now less likely to be used in China than to back increasingly ambitious deals in Japan.”
Tags: Ambitious, Asian, China, Conglomerates, Dealmaking, Dry-powder, Funds, Hitachi, Japan, Private equity, Profitable, Toshiba, Unloved
Economist (March 3)
A new kind of global company is on the rise. Diversified multinationals from emerging markets are challenging long-held business principles. In the West, companies with strategic focus are considered more competitive than conglomerates. Yet diversified multinationals, such as India’s Tata Group, are competing successfully on a global level. These companies developed, in part, “to deal with the problems of operating in places where governments are frequently incompetent and markets are hopelessly underdeveloped.” Western businesses may have much to learn from this new breed of company.
Tags: Conglomerates, Diversified, Emerging markets, Tata
