Buyouts
Leading Capital backs take-private for China's Mecox Lane
China health, beauty and lifestyle products retailer Mecox Lane has received a take-private offer from majority shareholder Cnshangquan in conjunction with private equity firm Leading Capital. It values the business at approximately $52 million.
Portfolio: Lunar Capital and Guizhou Yonghong
Lunar has spent the last two years building Yonghong’s regional beef jerky brand into a national contender. The firm hopes to show the possibilities for progress that come with control deals.
PE investors must think more deeply about value-add - AVCJ Forum
PE and VC firms should think more carefully about how they can add value to portfolio companies, using their board representation as a tool for constructive guidance as much as oversight, industry participants told the AVCJ Singapore Forum.
GPs see potential in SE Asia mid-market buyouts - AVCJ Forum
Southeast Asia will see more mid-market buyout opportunities, industry participants told the AVCJ Singapore Forum, although the onus remains on GPs to forge partnerships with entrepreneurs.
India's PE-backed Mindtree to buy US, UK-based IT firms
Indian IT services firm Mindtree, which is backed by Nalanda Capital and Global Technology Ventures Limited, will buy US-based Relational Solutions and UK-based Bluefin for a total of $76 million.
Sequoia-backed NewsHunt acquires Indian e-commerce portal
Ver Se Innovation, the owner of Indian news aggregation app NewsHunt, has acquired Rocket Science Innovation, parent of online price comparison and recommendation platform BuyT for an undisclosed amount.
PE-backed Cath Kidston buys back Japan business
Cath Kidston, the UK lifestyle retailer controlled by Baring Private Equity Asia and TA Associates, has bought back its Japan operations - its largest outside the UK - from local conglomerate TSI holdings for an undisclosed sum.
China Modern Dairy buys KKR, CDH $245m JV stake
KKR and CDH Investments have agreed to sell their stake in Success Dairy to China Modern Dairy Holdings (CMDH) in exchange for $HK1.9 billion ($245 million) of CMDH stock.
Q&A: Advantage Partners' Emmett Thomas
Emmett Thomas, head of Asia at Advantage Partners, explains why helping Japanese firms enter other markets in the region and bringing Asian companies into Japan has become an important investment thesis.
2Q analyisis: The bulls hesitate
China's equities wobble is unlikely to discourage companies from local listings, and a rise in renminbi fundraising could result; Asia investment hits record high; public market sales dominate exit activity
KIC invests $100m in US pet supplies firm
South Korea's sovereign wealth fund KIC has invested $100 million in US-based pet supplies and services retail chain PetSmart as part of a takeover led by US private equity firm BC Partners.
VC-backed PropertyGuru acquires eProperty Track
Singapore-based online real estate portal PropertyGuru, which recently raised funds from TPG Capital, Emtek Group and Square Peg Capital, has bought sales and marketing platform ePropertyTrack.
Lei Jun, CEO offer to take China's YY private
YY, a VC-backed social networking platform in China, has received a take-private offer from its chairman Lei Jun and CEO David Li.
Australia's PE-backed Nintex acquires US-based Drawloop
Nintex Group, an Australian software provider backed by TA Associates, has agreed to acquire Drawloop Technologies, a US-based software platform that offers automated document services.
Baring PE Asia to acquire Orangefield Group
Baring Private Equity Asia has agreed to acquire fund administration and corporate services firm Orangefield Group from AAC Capital Partners for an undisclosed amount.
Q&A: Allegro Funds' Chester Moynihan
Australia’s Allegro Funds has been dealing in distress for 10 years – as advisor, replacement GP and now manager of its own fund. Founding partner Chester Moynihan explains how the firm’s approach has evolved
Corporate carve-outs: Slice and dice
A mainstay of private equity in the US and Europe, it is hoped that corporate carve-outs will play a larger role in Asia. Success rests on innovative deal-sourcing and careful management of multiple stakeholders
Australia's PE-owned GenesisCare to buy Cancer Partners UK
Australian cancer and cardiovascular treatment provider GenesisCare, which is owned by KKR, has bought cancer center manager Cancer Partners UK from its private equity backer, Apposite Capital.
IDG backs take-private bid for China's KongZhong
IDG Capital Partners and the chairman and CEO of online game developer KongZhong Corporation have submitted a take-private bid for the company. It values the business at approximately $388 million.
TA invests in India's Atria, IVFA rolls over stake
TA Associates will join India Value Fund Advisors (IVFA) to buy about 95% of Indian broadband service provider Atria Convergence Technologies (ACT). IVFA's India Value Fund III, ACT's current majority shareholder, will exit most of its stake and roll...
MBO no longer a 'dirty word' in Japan - AVCJ Forum
The term management buyout (MBO) is no longer considered a "dirty word" among Japanese company founders, according to local GPs who are eyeing more succession deals.
Portfolio: Advantage Partners and Riraku
By undercutting its competition, massage salon Riraku was able access a broader segment of the domestic market. But achieving growth on a national scale required support from Advantage Partners
Australia's Crescent to buy Healthscope pathology business
Crescent Capital Partners has agreed to acquire the Australian pathology operations of Healthscope for A$105 million ($80.8 million).
Singapore's Temasek, CVC agree $2b deal for US generic drug firm
Singapore's Temasek Holdings is a member of a CVC Capital Partners-led consortium that has agreed to buy a controlling stake in US-based generic drug manufacturer Alvogen. The deal is said to value the company at $2 billion.