Buyouts
J-Star owned insurer makes bolt-on acquisition
J-Star will take control of Japanese insurance provider Hunel FEA through a bolt-on acquisition by existing portfolio company Nihon Hoken Service.
J-Star acquires Japan’s Asiro
J-Star has acquired Japan’s Asiro, an online marketing platform provider for lawyers, for an undisclosed sum.
Corporate carve-outs: Who's selling?
Certain markets in Asia represent a target-rich environment for corporate carve-outs, but private equity firms must be patient in waiting for deals to emerge
Actis renewables platform to buy India solar asset
Ostro Energy, an Indian renewable energy platform backed by Actis Capital, has agreed to buy a solar power project owned by Suzlon Energy.
Simmons invests in Malaysia's Leap Energy
Simmons Private Equity (SPE), an energy-focused investor based in the US, has acquired Malaysian oil company Leap Energy as part of a plan to establish a global upstream consulting group.
Deal focus: CDPQ takes logistics leap with TVS
CDPQ's recently opened India office sees TVS Logistics as both a uniquely healthy company and a chance for an entry into a promising sector in India
Deal focus: IFM swoops on Australian energy assets
With recent bids by Chinese investors for Australian power network Ausgrid blocked by regulators, IFM saw an opportunity to salvage the deal for itself
Northstar submits $238m offer for Singapore-listed Innovalues
Northstar Group has offered to buy Singapore-listed Innovalues, a components manufacturer for the automotive and industrials sectors, in a deal that values the business at approximately S$331.4 million ($238 million).
US-based PE firm to pay $53m for Australian bookkeeping assets
A consortium led by US private equity firm Housatonic Partners will acquire a majority stake in the Australian records management unit of New York-listed business services provider Iron Mountain for $A70 million ($53 million).
Everstone pays $33m for Indian drug firm
The Everstone Group has bought a majority stake in Indian pharmaceutical developer Rubicon Research for INR2.2 billion ($32.9 million), providing an exit for Kotak Private Equity.
Bain-owned APMG sells Southeast Asia assets
Asia Pacific Medical Group (APMG), a medical platform owned by Bain Capital, has agreed to sell Singapore and Malaysia-based plastic surgery brand The Sloane Clinic to China Medical (International) Group (CMIG).
IFM, AustralianSuper secure $12.3b Ausgrid deal
An all-Australian consortium comprising IFM Investors and AustralianSuper has acquired a 50.4% interest in a 99-year lease of Ausgrid, New South Wales’ (NSW) electricity distribution network, for A$16.2 billion ($12.3 billion).
Deal focus: OSI fills the labor gap
With Japan's demographic crisis promising more labor shortages, CLSA Capital Partners hopes to ride a coming wave of growth in the staffing services industry
VC-backed Tujia acquires Ctrip, Qunar's homestay assets
Chinese vacation rental platform Tujia, which has several VC and PE investors, has acquired the homestay businesses of travel websites Ctrip and Qunar, strengthening its already dominant position in China’s accommodation sharing market.
PE investors commit $850m to Tencent's Supercell acquisition
CITIC Capital and several domestic investment funds have contributed $850 million to Tencent Holdings’ acquisition of a majority stake in Finland-based mobile game developer Supercell.
Deal focus: AID returns to the MCN space
Multi-channel networks that raise online content creators' views are expected to thrive as profit-sharing spreads among video platforms. AID hopes to take advantage with its investment in Freedom! Network
India's MakeMyTrip to buy Naspers, Tencent-backed ibibo
Indian online travel agent MakeMyTrip has agreed to merge with rival booking portal ibibo Group, which is backed by South African internet conglomerate Naspers Group and China's Tencent Holdings, in an all-stock deal.
VC-backed FirstCry buys rival Babyoye
VC-backed Indian baby and child-focused retailer FirstCry.com has acquired rival children's store chain and e-commerce outlet Babyoye.
Brookfield to pay $1.6b in Indian cell tower deal
Brookfield Asset Management has agreed to buy the telecom towers assets of Reliance Communications for INR110 billion ($1.6 billion).
PE-backed Gong Cha Korea to acquire global parent
Gong Cha Korea, the Unison Capital-backed franchise of the global bubble tea franchise Gong Cha, will take a controlling stake in the Taiwan-based parent company.
Hong Kong's AID Partners acquires YouTube partner network
Hong Kong-based private equity firm AID Partners has agreed to acquire a majority stake in Freedom! Network, a multi-channel network on YouTube, for HK$468.1 million ($60 million).
China GPs see window of opportunity to work with corporates on outbound M&A - M&A Forum
China-focused GPs are cautious about partnering with Chinese corporates on outbound M&A deals, although there is increasing demand for their support in terms of identifying acquisition targets and facilitating post-investment integration.
Deal focus: VIG sees upside in sector that will never die
Korea's ageing population means greater demand for funeral services and smaller household sizes suggest a growing need for support to pay for them. In Good Sangjo, VIG Partners believes it has a business that can capitalize on these trends
3Q analysis: Deep pockets of the state
Fundraising hits a record quarterly high, thanks entirely to Chinese government-backed vehicles; Australia, Southeast Asia compensate for investment slowdown in China; India shines on exits