EmergeVest has secured its debut exit with a $400 million trade sale of denim and garment maker JD United Manufacturer
CHAMP Private Equity has sold Golding Group, an Australia-based provider of mining and civil infrastructure services that it has owned since 2008, to rival contractor NRW Holdings at an enterprise valuation of A$85 million ($66.9 million).
EmergeVest, a Hong Kong-based boutique PE firm established by two former executives from HSBC’s Asia principal investments division, has secured its first exit with the sale of apparel supplier JD United Manufacturing (JDU) to Taiwan-listed Roo Hsing.
Japanese technology conglomerate SoftBank Group has invested $2.5 billion in Indian e-commerce giant Flipkart through the acquisition of primary and secondary shares.
US-based co-working space operator WeWork plans to acquire Singapore-based counterpart Spacemob for an undisclosed sum. The capital will come from a $500 million investment pool established to fuel WeWork's expansion in Southeast Asia and South Korea.
Soracom, a Japanese internet of things (IoT) communications platform that has several VC backers, will be acquired by domestic telecom operator KDDI Corporation.
Maligned by some investors, sponsor-to-sponsor deals are gradually becoming more prevalent in Asia as the private equity industry matures. What is the early verdict?
Chinese conglomerate Fosun Group has teamed up with Beijing Sanyuan Foods to buy French margarine maker St Hubert from Montagu Private Equity for EUR625 million ($734 million).
Australia’s Westpac Banking Corp. has entered exclusive negotiations to sell Hastings Fund Management to Australia-listed property developer Charter Hall Group.
Japanese conglomerate Marubeni Corp. has acquired Creekstone Farms Premium Beef, a US-based supplier of beef and pork products, from Sun Capital Partners.
Bain Capital Private Equity has agreed to sell a 49% in Yukiguni Maitake, a Japanese mushroom producer, to domestic food company Shinmei. The size of the transaction was not disclosed.
Mid-market private equity firm J-Star has exited its entire holding in Japanese document scanning company Primagest to local financial services conglomerate Orix Corporation.
Baring Private Equity Asia has completed its exit from Japanese home improvement center operator Joyful Honda – the first joint investment by the firm’s private equity and real estate funds – generating a gross IRR of around 45%.
Quadrant Private Equity has sold Zip Industries, an Australia-based manufacturer of drinking water appliances, to global water treatment specialist Culligan International for an undisclosed sum.
VIG Partners has agreed to buy a 73% stake in Press & Converting, a Korea-based manufacturer of facial masks primarily used for skincare, in a deal worth KRW146 billion ($127 million).
Paul DiGiacomo, a managing director with Asia-focused advisory firm BDA Partners, discusses the latest trends in M&A, from increasingly sophisticated Chinese buyers to more willing multinational sellers
Singapore’s GIC Private has acquired an approximately 30% stake in Mergermarket Group – AVCJ’s parent company – from BC Partners. The size of the transaction was not disclosed.
Alibaba Group will invest about $1 billion to take its stake in Southeast Asia-based e-commerce platform Lazada from 51% to 83%, enabling investors including Rocket Internet and AB Kinnevik to make a full exit.
Zombie companies present a special challenge for VC investors, whose exit goals may not match the aims of the founders. Successful GPs will try to ensure a positive experience for all parties
Shaw Kwei & Partners has completed its exit from Chinese PVC adhesive tape manufacturer YongLe Tape – securing a gross multiple of 4.8x – as Avery Dennison purchased the asset for a total consideration of $300 million.
Japanese GP Nippon Mirai Capital has agreed to sell its entire 51% stake in Takasago Machinery, an electronic equipment manufacturer, to its previous owner NEC Corporation for an undisclosed sum.
Warburg Pincus has agreed to invest $360 million in Tata Technologies, the engineering outsourcing and product development IT services arm of Indian conglomerate Tata Group.
Tatsuo Kawasaki, co-founder and partner at Unison Capital, discusses why deal flow is growing in Japan’s middle market – not only in terms of volume, but also in seller type and sector scope
Chinese investment group Fortune Fountain Capital has agreed to buy a controlling stake in French luxury crystal maker Baccarat from Starwood Capital and L Catterton Partners, in a deal worth EUR164 million ($184 million).