Planned partial exits for investors in Best Inc. were shelved as the Alibaba Group-backed Chinese logistics operator raised a lower-than-expected $450 million in its US IPO. The stock increased 5% on debut.
Tower Capital Asia is supporting a take-private bid for Poh Tiong Choon Logistics that values the Singapore-listed company at approximately S$275 million ($204 million).
The Carlyle Group has sold its approximately 46% stake in Coates Hire as Seven Group Holdings took full ownership of the Australian equipment-leasing business in a deal worth A$517 million ($418 million).
Warburg Pincus has led a $180 million Series D funding round in business park developer D&J China as part of a domestic operational expansion.
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a $50 million investment in Indian developer Mahindra Lifespace (MLDL).
Mining-focused private equity firm Greenstone Resources has invested $21.2 million in Australian base metals project developer Heron Resources.
Australian mid-market GP Advent Partners has agreed to sell Integrated Packaging Group (IPG), an industrial and agricultural packaging business, to listed counterpart Pro-Pac in a deal worth A$177.5 million ($142.9 million).
The Carlyle Group has agreed to reduce its stake in Japan-listed manufacturing industry equipment supplier Tsubaki Nakashima from about 47% to 2.4%.
China’s FountainVest Partners has agreed to acquire 100% of Bosch Mahle Turbo Systems (BMTS), a German automotive industry supplier with an existing production and sales presence in Shanghai.
A string of private equity investors are set for partial exits as Best Inc, a Chinese logistics operator backed by Alibaba Group, looks to raise up to $1.07 billion in its New York Stock Exchange IPO.
Navis Capital Partners' bet on UK-based Cherry Valley Group seven years ago has paid off with a sale to two Chinese agribusiness investors
Singapore-based private equity firm Point Hope is set to back a $50 million financial restructuring of listed domestic energy industry services provider Emas Offshore.
Morgan Stanley Private Equity Asia (MSPEA) and the chairman of China Automotive Systems have submitted a take-private offer worth approximately $172 million for the NASDAQ-listed power steering components supplier.
Navis Capital Partners has sold Cherry Valley Group (CVF), a duck genetics supplier and a breeder of Peking ducks, to Beijing Capital Agribusiness Group (Sunlon) and CITIC Agri Fund Management for an undisclosed sum.
Big River Industries, an Australia-based construction materials manufacturer that Anacacia Capital took public three months ago, has bought industry peer Midcoast Timbers.
DCM Ventures has led a $31.8 million Series B round for 51Zhaoyou.com, a China-based B2B oil trading platform.
Private equity investor Dolma Impact Fund has committed $3.2 million to Swet Ganga Hydropower & Construction, a hydroelectric power provider in Nepal.
India’s Seaways Shipping & Logistics has bought back the entire 24% holding of private equity backer IDFC Alternatives following a decision to defer a previously planned domestic IPO.
EmergeVest has secured its debut exit with a $400 million trade sale of denim and garment maker JD United Manufacturer
Europe-Asia cross-border private equity firm Mandarin Capital Partners has acquired a 100% stake in Italian household ceramics supplier Elios Ceramica.
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.
EM3 AgriServices, a venture capital-backed equipment and operational support provider for the Indian farming industry, has raised a $10 million Series B funding round.
Chinese VC firm Yunqi Partners has led a RMB165 million ($25 million) extended Series B round for Baibu, a textile and fabrics B2B trading platform.