Buyouts
India logistics: Wheels within wheels
A confluence of macro influences is driving demand for modernized logistics in India. Private equity is likely to benefit in a number of areas, but informed targeting and value-add approaches will be key
New Horizon makes offer for Japan's Sagami
Tokyo-listed kimono retailer Sagami, which is already subject to a tender offer launched by Aspirant Group, has received a competing bid from New Horizon Capital.
China's Orient Hontai to buy US mobile marketing platform
Chinese private equity firm Orient Hontai Capital has agreed to acquire a controlling stake in US-based mobile marketing platform provider AppLovin in a transaction valued at $1.4 billion.
Wingate, Sandbar acquire Australia's Medical Channel
Wingate Private Equity and Sandbar Investments have acquired Australian digital media provider Medical Channel.
CVC buys majority stake in Japan's Hasegawa
CVC Capital Partners has bought a controlling stake in Japanese assisted living, nursery school and cleaning services provider Hasegawa Holdings.
Asia-IO, Redview buy Source Photonics from US GP
Asia-IO Advisors – a PE firm set up by Denis Tse, formerly of Lockheed Martin Investment Management, and Michael Prahl, a professor at business school INSEAD – has teamed up with New Horizon Capital spin-out Redview Capital to buy US communications...
Shanhai Capital to acquire US VC-backed Analogix
Beijing Shanhai Capital Management has led a consortium of investors to acquire US-based microchip manufacturer Analogix Semiconductor for more than $500 million.
Baring Asia agrees to buy Australia's SAI Global for $940m
Baring Private Equity Asia has agreed to buy Australia-listed risk management and standards compliance business SAI Global for an enterprise valuation of A$1.24 billion ($940 million).
CVC to buy Korean courier Logen from Baring Asia
CVC Capital Partners has agreed to buy Logen, South Korea’s leading courier company focused on small to mid-volume customers, from Baring Private Equity Asia.
Hony invests another $193m in Lee & Man Handbags
Hony Capital has agreed to invest HK$1.5 billion ($193 million) in convertible bonds issued by Lee & Man Handbags, a Hong Kong-listed handbag manufacturer, potentially taking its interest in the company past 80%.
Deal focus: Allegro gets GSR back on track
Turnaround specialist Allegro sees opportunity in luxury tourist transportation venture
Taiwan regulator postpones decision on CNS deal
The Taiwan government has declined to approve the acquisition of cable television provider China Network Systems (CNS) by Morgan Stanley Private Equity Asia (MSPEA) and Far EasTone Telecommunications, asking the National Communications Commission (NCC)...
PE-led consortium pays $7.3b for Port of Melbourne lease
A consortium including QIC, Future Fund and Global Infrastructure Partners (GIP) has paid A$9.7 billion ($7.3 billion) for a 50-year lease at the Port of Melbourne, Australia’s largest container and cargo facility.
Portfolio: L Capital Asia and Seafolly
Beachwear maker Seafolly was already a leader in Australia when L Capital Asia acquired it in 2014. Now the founding family and the GP plan to build it into a global lifestyle brand
Quadrant buys Australia-based Jetts Fitness
Australia’s Quadrant Private Equity has made its fifth new investment within four weeks – and its second in the fitness club space – with the purchase of gym operator Jetts Fitness.
Careful targeting key to Philippines M&A – AVCJ Forum
Efforts to increase foreign M&A activity in the Philippines at later investment stages depend on targeting the right kinds of companies and understanding their needs, industry participants told the AVCJ Philippines Forum.
India's VC-backed Citrus Pay sold to Netherlands strategic
Citrus Pay, an India-based online and mobile payment solutions developer backed by Sequoia Capital, Ascent Capital and Beenos, has been acquired by Netherlands-based rival PayU.
TA backs MBO of Goldman's Australia equities, fixed income unit
Mid-market private equity firm TA Associates is supporting a management buyout of Goldman Sachs Asset Management’s (GSAM) Australian equities and fixed income business.
Quadrant buys Australia's Great Southern Rail from Allegro
Australia’s Allegro Funds is set for a first exit from its second fund – which closed at A$180 million ($139 million) in June of last year – having agreed to sell a majority stake in Great Southern Rail (GSR) to Quadrant Private Equity.
Filipino rise demands a sharper focus – AVCJ Forum
Increased competition for private equity deals in the Philippines means investors must be more disciplined in their approach to transactions, according to industry participants at the AVCJ Philippines Forum.
India's Quikr buys VC-backed StayGlad
Indian classifieds site Quikr has bought StayGlad, an online marketplace for beauty services backed by Bessemer Venture Partners.
Deal focus: IVFA pushes Seedworks’ hybrid agenda
Hybrid rice has yet to achieve meaningful penetration of India's agriculture sector. India Value Fund Advisors is backing Seedworks International ride the expected growth wave
ABF’s China cane sugar business sold to PE-backed consortium
Associated British Foods (ABF), a UK-based food processing and retailing company, has agreed to sell its cane sugar business in southern China to a PE-backed consortium led by Shenzhen-listed Nanning Sugar Industry for RMB1.68 billion ($252 million).
IVFA buys India's Seedworks
India Value Fund Advisors (IVFA) has bought a majority stake in India-based agricultural research firm Seedworks International.