Proventeus Capital, a Southeast Asia-focused middle-market buyout firm, has exited the Philippines franchise of casual dining chain Kenny Rogers Roasters to the company’s founders, receiving PHP1.79 billion ($34 million).
The GP paid PHP320 million (then $6.7 million) for a 60% stake in 2009, taking out some of the founding shareholders while others stayed on in a minority capacity. When a competitive process was launched...
Ascendent Capital Partners has joined Xuan Ruiguo, the chairman and founder of Hong Kong-listed industrial control systems maker China Automation Group, in a take-private offer that values the company at HK$1.5 billion ($197 million).
Australian investment firm Leap Capital has raised A$50 million ($34 million) for a venture debt fund that will target established, revenue-generating companies locally.
Hansoh Pharmaceutical Group, a Chinese drug developer that counts Hillhouse Capital and Boyu Capital among its investors, has raised HK$7.86 billion ($1 billion) through a Hong Kong IPO.
Fidelity International has announced plans to spin-out its proprietary investment arm Eight Roads within the year pending regulatory and shareholder approvals.