PAG buys majority stake in China solvents business
PAG has agreed to pay HKD 2.68bn (USD 340m) for a 51% interest in a solvents business under Hong Kong-listed petrochemical products manufacturer Yip’s Chemical.
The target business, Handsome Chemical Group, is a subsidiary of Yip Chemical’s solvents division that operates in mainland China. It operates one plant in Jiangsu province and two in Guangdong, primarily...
More on Greater China
Latest News
LP interview: Quilvest Capital Partners
Fund-of-funds Quilvest Capital Partners was an early-mover in PE globally but has maintained a lean profile that speaks to its family office roots. It is pressing ahead with a China and India-focused Asia strategy
Deal focus: EdenFarm rethinks Indonesian agriculture
Indonesia’s EdenFarm is tackling Indonesia’s fragmented agribusiness space with a B2B fresh produce marketplace that not only helps distribute crops, but helps them grow in the first place
Deal focus: Serving the sole trader
Accounting software provider Hnry has built up a following among freelancers and self-employed tradespeople in New Zealand and Australia. A USD 25m Series B will help it look further afield
Fund focus: ChrysCapital accumulates $1.4b India war chest
For ChrysCapital Partners, raising India’s largest private equity fund reflects the growth in the economy and in the investment opportunity, with bigger deals across more sectors on the agenda