Buyouts
Tata buys majority stake in India's BigBasket
Tata Group has acquired a majority stake in India’s BigBasket, an online grocer backed significantly by Alibaba Group and several private equity investors. It has been valued previously at around $2 billion.
CDIB, Firstred, Huatai buy China cosmetics packaging business
CDIB Capital has teamed up with Firstred Capital and Huatai International Private Equity Fund to acquire 100% of Chinese cosmetics packaging company Yuga Holdings for an undisclosed sum.
KKR bids for Australia conveyancing business
KKR is seeking to become the largest shareholder in Pexa, an Australia-based electronic settlement network for property deals, having offered to take out Link Administration Holdings at an enterprise valuation of A$3 billion ($2.3 billion).
Deal focus: Navis targets hospitals in the hinterlands
The Southeast Asian manager will commit up to $100 million to hospital roll-up strategy intended to address rising demand for private healthcare in Malaysia’s underserved territories
Navis acquires Malaysia hospital developer
Navis Capital Partners has acquired a majority stake in Malaysia-based hospital developer Aurelius Healthcare for an undisclosed sum.
Ocean Link, Sequoia seal China hotel operator take-private
Ocean Link and Sequoia Capital China have completed the $190 million privatization and subsequent delisting of Zhejiang New Century Hotel Management.
Korea's Centroid rallies local support for TaylorMade buyout
Korean GP Centroid Investment Partners is tapping local investors to participate in a KRW1 trillion ($886 million) equity pool in support of its $1.7 billion acquisition of US golf club manufacturer TaylorMade.
NSSK buys Japan power components manufacturer
NSSK has agreed to acquire the power transmission components division of Fujikura, a listed Japanese electrical equipment manufacturer.
Korea's VIG buys The Skin Factory
Korean mid-market private equity firm VIG Partners has acquired 100% of The Skin Factory, operator of domestic home and personal care products brand Kundal.
Blackstone sweetens offer for Australia's Crown Resorts
The Blackstone Group has improved its take-private offer for Crown Resorts, valuing the Australian casino operator at about A$8.3 billion ($6.5 billion).
TA buys Singapore corporate services provider, EQT exits
TA Associates has acquired a majority stake in In.Corp Group, a Singapore-headquartered corporate services provider, facilitating an exit for EQT.
Apollo offers $3.1b for Australia sports betting business
Apollo Management has submitted a A$4 billion ($3.1 billion) bid for the wagering and media and gaming services businesses of Tabcorp Holdings, Australia’s largest gambling company.
CVC, CDPQ carve out China ad agency's global portfolio
CVC Capital Partners and Caisse de dépôt et placement du Québec (CDPQ) have agreed to acquire a majority stake in the international business of China-based advertising and marketing agency BlueFocus Group at a valuation of $350 million.
Ocean Link joins consortium pursuing 51job take-private
DCP Capital Partners has enlarged the consortium seeking to acquire Chinese online recruitment services platform 51job with the addition of Ocean Link Capital and the target company’s CEO.
Quadrant returns to Australia's pet services space
Quadrant Private Equity has ventured into the pet services space for a third time with the acquisition of a majority stake in Australian pet food manufacturer Prime100.
KKR buys New Zealand's Natural Pet Food from Pioneer
KKR has agreed to acquire New Zealand premium pet food maker Natural Pet Food Group (NPFG) from local private equity firm Pioneer Capital.
PEP, Carlyle end pursuit of Australia's Link
Pacific Equity Partners (PEP) and The Carlyle Group have abandoned their A$2.7 billion ($1.97 billion) bid for Australia-based financial data and fund administration services provider Link Administration Holdings.
China's Mobvista acquires marketing business
Chinese digital marketing player Mobvista has acquired VC-backed local counterpart Reyun in a cash-and-stock transaction worth RMB1.5 billion ($232 million).
Bain consortium to buy Japan's Hitachi Metals for $7.5b
Bain Capital has teamed up with two Japanese PE firms – Japan Industrial Partners (JIP) and Japan Industrial Solutions (JIS) – to carve out Hitachi Metals from its corporate parent for as much as JPY816.8 billion ($7.5 billion).
Warburg Pincus buys control of India's Parksons Packaging
Warburg Pincus has acquired a majority stake in India-based consumer goods packaging manufacturer Parksons Packaging, taking out positions held by Kedaara Capital, Olza Holdings, and IIFL Holdings.
MIRA to buy Australia waste management business
Macquarie Infrastructure & Real Assets (MIRA) has agreed to acquire 100% of Australia-listed waste management business Bingo Industries for A$2.3 billion ($1.8 billion).
ADV, Premji acquire India manufacturer
ADV Partners and Premji Invest have acquired a significant majority stake in Indian plastic molding company Micro Plastics Private (MPPL) for an undisclosed sum.
Allegro to acquire Australia express delivery business
Australia-based turnaround investor Allegro Funds has agreed to buy Toll Global Express (TGS), the express delivery division of domestic logistics giant Toll Group.
PE investors complete $4.6b China Biologic take-private
An investor group including Centurium Capital, CITIC Capital and Hillhouse Capital has completed its protracted pursuit of China Biologic Products Holdings with a $4.6 billion privatization.