Bain Capital has fully exited Hero Motocorp, India’s largest motorcycle and scooter manufacturer, selling its remaining stake for INR7.7 billion ($117 million).
South Asia | 27 Nov 2015 |
Japan-based Kabuku, manager of 3-D printing service Rinkak, has closed a JPY750 million ($6.1 million) Series A round with participation by Global Brain, Dentsu Digital Holdings and Mitsui Sumitomo Insurance Venture Capital.
North Asia | 26 Nov 2015 |
Australian resources-focused investor EMR Capital is leading a consortium that has agreed to buy an Indonesia-based gold mine from Hong Kong-listed G-Resources for $775 million, including debt.
Buyouts | 24 Nov 2015 |
The India unit of Canada-based Fairfax Financial Holdings has agreed to buy a 44.66% stake in chemicals manufacturer ADI Finechem for approximately INR1.3 billion ($20 million).
PIPEs | 09 Nov 2015 |
Chicago-based private equity firm Wind Point Partners has acquired Daemyung Optical, South Korea’s second-largest manufacturer of optical lenses. Financial terms were not disclosed.
North Asia | 06 Nov 2015 |
Australian engineering firm Calibre, which is backed by US-based First Reserve, plans to delist from the Australian Securities Exchange and buy back the stakes of minority shareholders.
Australasia | 29 Oct 2015 |
SSIPL Retail, a footwear manufacturer and retailer based in India, has filed for an IPO, providing an exit for PE investor Tano Capital.
South Asia | 26 Oct 2015 |
Bridgeport Capital, the direct investment arm of Hawkesbridge Capital, has acquired Australia’s Underground Cable Systems (UCS) in a deal worth approximately A$100 million ($73 million) alongside company management.
Australasia | 20 Oct 2015 |
Everstone Capital has reportedly bought a 51% stake in India-based industrial graphics maker SJS Enterprises for INR3.5 billion ($54 million).
South Asia | 13 Oct 2015 |
The board of Australian engineering company Cardno has advised shareholders to reject a buyout offer from Crescent Capital Partners on the grounds that it is opportunistic and undervalues the business.
Buyouts | 13 Oct 2015 |
Singapore-based Nalanda Capital has bought an approximately 2% stake in compressed-air equipment manufacturer Elgi Equipments for INR420 million ($6.5 million).
South Asia | 12 Oct 2015 |
Aion Capital has invested INR6 billion ($90 million) in India's Varun Beverages (VBL), a major drinks manufacturer and bottler for PepsiCo in South Asia.
South Asia | 12 Oct 2015 |
Asia-Germany Industrial Promotion Capital (AGIC), a PE firm focused on China-Europe cross-border investments, has reached a first close of $550 million on its debut fund.
Europe | 08 Oct 2015 |
Motilal Oswal Private Equity (MOPE) has invested INR900 million ($13.8 million) in Indian mattress maker Kurlon Enterprise.
South Asia | 07 Oct 2015 |
Indian security software developer Quick Heal Technologies and dairy firm Parag Milk Foods have filed for IPOs, seeking INR2.5 billion ($38 million) and INR3.25 billion, respectively. Parag has also raised an additional INR600 million from existing backer...
South Asia | 02 Oct 2015 |
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The Australasian alternative assets industry is evolving and this is creating a new set of challenges for participants. Funds seeking new commitments typically require the lion share to be from offshore, the deal environment is competitive and in general market activity has slowed reflecting the regions overall macro-economic story. However, a handful of funds have had successful fundraises and it is clear that the GPs that measure up when benchmarked on a global stage will continue to drive the domestic industry forward.
This is an intriguing time as Australasian PE matures. Succession planning strategies, sourcing offshore commitments, creating a team that can deliver real operational value, customising the PE model and finding attractive investment and exit opportunities in a slow market are all key topics for debate.
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