Fairfax Financial Holdings will sell a 12.2% stake in ICICI Lombard General Insurance to a group of PE investors including Warburg Pincus, Tamarind Capital, and IIFL Asset Management.
Bain Capital Private Equity is set to exit Domino’s Pizza Japan, having exercised a put option requiring Domino’s Pizza Enterprises (DPE) - which acquired a majority interest in the business in 2013 – to buy its 25% stake.
Navis Capital Partners has agreed to sell its controlling stake in Australia’s Retail Apparel Group (RAG) to The Foschini Group of South Africa in a deal worth A$302.5 million ($225 million).
US-based software developer Ebix has agreed to buy a majority stake in Indian financial technology firm ItzCash, providing an exit for its VC backers including Lightspeed Venture, Matrix Partners and Intel Capital.
Blue Sky Alternative Investors will exit its stake in HPS, Australia’s largest provider of outsourced pharmacy services to hospitals, as healthcare business EBOS agreed to buy the asset for A$154 million ($116 million).
QIC, Goldman Sachs and Pagoda Investment – a China-focused private equity firm set up by a former QIC executive – have agreed to buy Icon Group, an Australian oncology services provider, from Quadrant Private Equity.
Partners Group has acquired a majority stake in Philippines-based business process outsourcing (BPO) provider SPi Global from CVC Capital Partners and Philippine Long Distance Telephone Company (PLDT) in a deal that values the business at $330 million.
SoftBank Group has invested in One97 Communications, the parent company of Indian online payments and e-commerce platform Paytm.
Energy-focused private equity firm Prostar Capital and its co-investor BlackRock have acquired Korean gas distributor Kyungnam Energy, facilitating an exit for local GP Anchor Equity Partners.
With regional and global GPs showing greater interest in Vietnam, local managers have an additional exit option - and an opportunity to show that country funds can perform across multiple cycles
Yum China Holdings, which operates KFC, Pizza Hut and Taco Bell in the country, has agreed to buy Daojia, a local online food-ordering platform backed by several private equity investors.
Regional private equity firms are refocusing on Vietnam, widening the exit options for local GPs that specialize in bringing companies to scale. But sizeable deals are scarce and valuations are rising
The International Finance Corporation (IFC), the investment arm of the World Bank, will exit its entire stake in Indian hospital chain Max Healthcare for INR4.2 billion ($65.6 million).
Proterra Investment Partners has more than doubled its money on Dodla Dairy following a four-year holding period in which the company boosted production of quality milk to meet growing demand from Indian consumers
Hong Kong-listed private equity firm AID Partners has acquired Israel-based molecular diagnostics company GeneSort for $23 million.
Indian classifieds site Quikr has acquired Zimmber, a provider of household services backed by several VC investors.
Japanese financial services group Orix Corp. has agreed to buy a 22.1% stake in Israeli geothermal energy producer Ormat Technologies for $627 million from an investor group led by PE firm FIMI Opportunity Funds.
German PE firm Deutsche Beteiligungs AG (DBAG) has agree to sell its entire stake in packaging and processing technology specialist Romaco Group to China-based mechanical engineering company Truking Group.
TPG Capital’s growth investment arm has agreed to pay $50 million for a significant minority stake in Indian dairy firm Dodla Dairy. AVCJ understands the deal will provide a full exit for Proterra Investment Partners.
Trade sales can provide investors in underperforming companies with an opportunity to reshape their investments, but they must be willing to let go of previous expectations and show flexibility
HQ Equita, a Germany-based mid-market buyout firm controlled by HQ Capital, has agreed the sale of transportation industry supplier Isolite to Japan’s Hitachi Chemical.
KV Asia Capital has exited its 100% interest in Singaporean nursing home services provider Orange Valley Healthcare to a local media company for about S$164 million ($117.5 million).
CITIC Capital has agreed to exit 100% of Japanese chemicals manufacturer Polymatech to two domestic strategics.
Baring Private Equity Asia will exit Weetabix after China’s Bright Food Group agreed to end its four-year ownership of the UK-based cereals producer through a trade sale that values the business at GBP1.4 billion ($1.76 billion) on a cash free, debt...