manufacturing
Advent, Temasek fall short in bid for control of Crompton Greaves unit
Temasek Holdings and Advent International have closed their open offer for Crompton Greaves Consumer Electricals (CGCEL), the former consumer products unit of India's Crompton Greaves, having failed to acquire a controlling stake in the company.
Australia's Crescent exits Breezway to US trade buyer
Crescent Capital Partners sold Breezway, an Australian manufacturer of louvre windows for residential and commercial buildings, to US-based industry counterpart Jeld-Wen Holding.
Deal focus: Goldman, EastBridge cook up expansion plan
After attempts to grow cross-border struggled, the founder of Korean cookware manufacturer Happycall opted to bring in EastBridge Partners and Goldman Sachs' capital and expertise
China's Zhongwang acquires PE-owned Aleris for $2.3b
A unit of China Zhongwang has agreed to buy US aluminum company Aleris Corporation in a deal worth $2.3 billion, facilitating an exit for majority owner Oaktree Capital Management.
India's Paragon leads $16.5m round for domestic machinist
Indian private equity firm Paragon Partners has led a INR1.1 billion ($16.5 million) investment in domestic engineering components supplier Maini Precision Products (MMPL).
Japan's INCJ invests $7m in domestic materials group
Innovation Network Corporation of Japan (INCJ) has committed to invest up to JPY700 million ($7 million) in a fresh round of funding for domestic industrial materials specialist Nakayama Amorphous.
Platinum buys Chinese manufacturing business
US-based Platinum Private Equity has agreed to acquire two Chinese manufacturing units from Singapore’s Broadway Industrial Group for S$150 million ($111 million).
WestBridge invests $11m in India's La Opala
WestBridge Capital Partners has invested INR77 million ($11 million) in Indian tableware retailer La Opala.
New Zealand's Oriens Capital raises $21.8m
New Zealand private equity firm Oriens Capital has received commitments for its debut fund in excess of the vehicle’s first-close target of NZ$30 million ($21.8 million).
TA Associates invests $140m in India's TCNS Clothing
TA Associates has contributed to a $140 million round for Indian women’s apparel retailer TCNS Clothing.
3D printing: Dimension jump
3D printing technology is expected to grow at an accelerated rate now that its practical applications have come into focus. As a global manufacturing leader, Asia could be at the center of the boom
Korean strategics confirm interest in PE-owned Tongyang Magic
SK Networks and Unid have both expressed an interest in Tongyang Magic, a South Korean consumer appliances manufacturer put up for sale by Glenwood Private Equity and NH Private Equity.
Deal focus: Allegro exits transformed Vulcanite
Allegro invested in capacity and boosted international sales in order to turn Vulcanite from a corporate orphan into an independent player with strong growth prospects. The sale of the business to Continental generated a 2x return
Marubeni-owned iSigma buys Japan's Kyosemi
ISigma, a mid-size buyout firm controlled by Japanese trading and investment conglomerate Marubeni, has acquired domestic semiconductor equipment manufacturer Kyosemi Corporation.
Australia's Allegro completes sale of Vulcanite Holdings
Allegro Funds Group has exited Australia-based Vulcanite Holdings to German multinational Continental, five years after acquiring the molded rubber parts specialist through a management buyout.
Blackstone makes another partial exit from India’s Gokaldas
The Blackstone Group has sold down stock worth INR2.9 billion ($4.3 million) in India-listed garment manufacturer Gokaldas Exports as part of an ongoing exit from the company.
Polaris buys Japanese timber company
Polaris Capital has agreed to acquire 100% of Japanese precut timber and building materials company Hivic for an undisclosed sum from domestic construction group Lixil.
Nalanda part exits India's Carborundum Universal
Nalanda Capital has sold shares worth INR4.4 billion ($65.1 million) in Indian industrial materials company Carborundum Universal.
Q&A: Shaw Kwei & Partners' Kyle Shaw
Kyle Shaw, managing director of Shaw Kwei & Partners, discusses the value to be found in taking traditional yet complex industrial businesses and switching them to a high-end track.
PE-backed Linglong Tyre raises $388m in Shanghai IPO
Shandong Linglong Tyre, a leading Chinese tire manufacturer backed by Legend Capital and Hony Capital, has raised RMB2.6 billion ($388 million) in a Shanghai IPO.
Q&A: Tata Capital Growth Fund's Pramod Ahuja
Tata Capital currently manages five private equity funds across different strategies. Pramod Ahuja, a partner responsible for the firm’s $240 million growth vehicle, discusses the opportunity set
US-based Ayla gets $39m round for Asia expansion
Chinese boutique investment bank and asset manager Ants Capital has led a $39 million Series C round for Ayla Networks as the US-based internet-of-things (IoT) company consolidates its Asian footprint.
Hahn & Co moves towards control of Korea's Ssangyong Cement
Korean GP Hahn & Company will assume majority control of Ssangyong Cement with the acquisition of a stake held by Japan-listed Taiheiyo Cement for KRW454.8 billion ($394 million).
Deal focus: Asia-IO embraces machine learning
Asia-IO Advisors' strategic co-investment with Foxconn Technology Group has led to the creation of a systems integration specialist that will help manufactures embrace 'industry 4.0'