Asia Cement, a mid-tier Korean construction materials producer, has been selected as the preferred bidder for Halla Cement, which Baring Private Equity Asia put up for sale earlier this year.
Standard Chartered Private Equity (SCPE) has offered to buy a stake of unspecified size in Tat Hong Holdings in a deal that values the Singapore-listed crane and heavy equipment supplier at approximately S$376 ($277 million).
TPG Capital has agreed to take a significant minority stake in Nox Group, a Korea-based manufacturer of luxury flooring materials. The size of the investment was not disclosed.
The Everstone Group has agreed to buy Indian home appliance maker Kenstar from the Videocon Group.
China-focused GP CITIC Capital has entered into advanced negotiations with Oaktree Capital Management to buy Axilone, a Europe-headquartered packaging supplier to the cosmetics industry.
Polaris Capital Group has agreed to acquire LB, a soft drink-focused division of Japanese beverage maker Asahi Group Holdings.
MBK Partners has submitted a tender offer for Kuroda Electric – a Japanese electronic components manufacturer that has been under pressure from an activist shareholder – that values the company at approximately JPY102 billion ($895 million).
Shaw Kwei & Partners has agreed to acquire a 75.6% stake in Singapore-listed oil and gas industry equipment supplier Gaylin for $68 million ($50 million).
KKR has improved its tender offer for Japanese high-tech manufacturer Hitachi Kokusai Electric after the process, which was announced in April, stalled due to share price volatility.
Goldman Sachs has invested KRW34 billion ($29.9 million) in Korean specialty food ingredients manufacturer Sun-in.
Provident Capital has joined a consortium of investors in a bid to acquire Finders Resources that values the Indonesian mining project developer at about A$177.7 million ($138 million).
Mekong Capital has completed its exit from Vietnamese agribusiness player Loc Troi, for a total return of more than $12 million.
Amber Enterprises, an India-based air conditioner manufacturer backed by ADV Partners, has filed for an IPO to raise INR5.6 billion ($84.8 million).
The Riverside Company has made an investment of undisclosed size in Energy Exemplar, a software provider for the electric power, water, gas and renewables industries.
Royole Corporation, a China-based flexible display technology developer, has completed its Series D funding round with $240 million in commitments from a group of local investors and also raised $560 million in debt financing.
Agricultural technology investment in Australia is growing rapidly from a low base. Sustaining this momentum requires international capital channels and attention to local differentiators
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%.