Buyouts
Mandarin acquires Italian ceramics business
Europe-Asia cross-border private equity firm Mandarin Capital Partners has acquired a 100% stake in Italian household ceramics supplier Elios Ceramica.
Australian regulator queries PE-backed childcare merger
Australia’s competition regulator has expressed concerns about the merger of outside school care providers Camp Australia and Junior Adventures Group (JAG), both of which are private equity-owned.
CLSA-backed BC Ings makes Japan education bolt-on
BC Ings, a Japanese cram school operator owned by CLSA Capital Partners (CLSA CP), has acquired local counterpart Akasaka Gakuin.
KKR-owned Avendus buys India asset manager
Avendus Capital, an Indian financial services firm owned by KKR, has agreed to acquire Ocean Dial Asset Management, the UK-based investment manager of India Capital Growth Fund (ICGF).
Australia's Pepper accepts KKR credit unit's buyout offer
Australian mortgage lender and distressed debt servicer Pepper Group has accepted a buyout bid from KKR Credit Advisors (KCA).
Deal focus: CMIA monetizes Muslim growth
Bitsmedia Holdings' Muslim Pro app is highlighting new marketing potential in growing Muslim populations. CMIA Capital Partners and Malaysia's Affin Hwang Asset Management have taken a controlling stake in the company
Olympus, UOB invest $90m in China radio ad agency
A consortium led by Olympus Capital Asia and UOB Venture Management will acquire a controlling stake in Shanghai-based Yuanyu Radio, which claims to be the largest radio advertising agency in China, for $90 million.
China's GSR to acquire Nissan's electric battery business
Japan’s Nissan Motor has agreed to sell its electric battery operations and production facilities to Chinese private equity firm GSR Capital. Financial terms were not disclosed.
Sino-US Tang Media Partners acquires Open Road Films
Tang Media Partners (TMP), a Sino-US media and entertainment investment group, has finalized its acquisition of Open Road Films, an independent film distributor and producer owned by US-based AMC Entertainment and Regal Entertainment Group.
Blue Sky buys New Zealand tour operator
A consortium led by Blue Sky Alternative Investments has bought Active Adventures, a New Zealand-based company that offers guided activity-based trips in Nepal, Europe, and South America, as well as in its home country.
General Atlantic acquires India's Karvy Computershare
General Atlantic has acquired a significant stake in India-based share registry business Karvy Computershare, providing a full exit for Australia-listed Computershare and taking out part of the position held by the company founder.
Japan's KDDI to acquire VC-backed Soracom
Soracom, a Japanese internet of things (IoT) communications platform that has several VC backers, will be acquired by domestic telecom operator KDDI Corporation.
IDFC acquires India solar portfolio
IDFC Alternatives has acquired a portfolio of solar power assets in India from US-based renewable energy developer First Solar Group.
CMIA, Malaysian asset manager acquire Muslim-focused app
CMIA Capital Partners and Malaysia-based Affin Hwang Asset Management have acquired Bitsmedia Holdings, best known for operating an app that provides Muslims with accurate prayer times.
Deal focus: KKR hits the gas on Korea auto carve-out
KKR has backed two divisions of Korea's LS Group - worth a combined $940 million - giving it exposure to an established auto parts business and a division that could prosper on the back of the electric car boom
Secondary buyouts: Peer to peer
Maligned by some investors, sponsor-to-sponsor deals are gradually becoming more prevalent in Asia as the private equity industry matures. What is the early verdict?
China First Capital to acquire Korean online education platform
Hong Kong-listed investment group China First Capital plans to acquire 54% of SJW International, a Korea-based online video English training platform, for about $135 million.
J-Star completes Japanese veterinary bolt-on
J-star has acquired Japanese veterinary chain VIS Corporation for an undisclosed amount in a bolt-on to existing portfolio company JVCC.
Fosun, Sanyuan to buy margarine maker from European GP
Chinese conglomerate Fosun Group has teamed up with Beijing Sanyuan Foods to buy French margarine maker St Hubert from Montagu Private Equity for EUR625 million ($734 million).
I Squared agrees $1.9b deal for Hutchison's fixed-line business
Infrastructure specialist I Squared Capital has agreed to buy the fixed-line telecom business of Hong Kong’s Hutchison Telecommunications, which is controlled by billionaire Li Ka-shing, for approximately HK$14.5 billion ($1.85 billion).
Platinum to buy Singapore electronics industry supplier
US private equity firm Platinum Equity has agreed to acquire Fischer Tech, a Singapore-based components manufacturer for the electronics industry.
KKR backs auto parts spin-out from Korea's LS Group
KKR has agreed to back automotive parts maker LS Automotive (LSA), a spin-out from Korean conglomerate LS Group, and to acquire the copper foil and flexible copper clad laminate business of LS Group affiliate LS Mtron.
Competition heats up for Australia data center business
Asia Pacific Data Centre Trust (APDC), a real estate investment trust (REIT) that owns three data centers in Australia, has received a second takeover bid from existing shareholder NextDC.
Deal focus: CITIC Capital, 3i team up in auto services
CITIC Capital and 3i have together committed $265 million to Formel D with a view to helping the German auto testing and inspection business expand its footprint in Asia