Expansion
SCPE invests $90m in Vietnam agribusiness player
Standard Chartered Private Equity (SCPE) has completed its second Vietnam deal in the space of a month, paying $90 million for a significant minority stake in agribusiness player An Giang Plant Protection (AGPP).
Intel commits $1.5b to Tsinghua University-funded semiconductor business
Intel Corporation has agreed to invest up to RMB9 billion ($1.5 billion) for a 20% stake in Tsinghua Unigroup, owner of Chinese semiconductor makers Spreadtrum Communications and RDA Microelectronics.
New Asia, AIF in $15m round for Vietnam restaurant chain
New Asia Partners and AIF Capital have led a Series B round of funding worth $15 million for Huy Vietnam Group, Vietnam’s largest operator of self-managed, local cuisine restaurants.
Tiger Global commits $30m to India property portal
Tiger Global has invested $30 million in India-based property listings website CommonFloor.com, which is ultimately expected to pursue a public listing.
Tata Capital to buy minority stake in Standard Greases
India's Tata Capital is to acquire a 17.36% stake in Mumbai-based Standard Greases & Specialities for an undisclosed sum.
Standard Chartered PE backs garlic-themed restaurant in Korea
Standard Chartered Private Equity (SCPE) has led a $48 million joint investment in Mad for Garlic, a Korea-based Italian restaurant chain that has expanded into Southeast Asia.
Blackstone pins down China's Xinrong
Driven by an aging population, increasing health awareness and a rising middle class, China's medical device market is growing at a rapid pace. A recent report by the Hong Kong Medical and Healthcare Device Industries Association reveals that since 2000...
Second hand, first place
Manheim, the world's largest automobile auction provider, was a project more than 30 years in the making. The company facilitates sales of used cars worth $46 billion annually, dominating a US market that trades 40 million vehicles a year.
Blackstone in China orthopedics play
The Blackstone Group has picked up a significant stake in Chinese medical devices company Xinrong Best Medical Instrument. Financial details were not disclosed but the deal is understood to be worth around $100 million.
Global Environment Fund backs India's Shakti Pumps
Global Environment Fund (GEF) has agreed to invest INR450 million ($7.4 million) in Indian submersible water pump manufacturer Shakti Pumps.
India Value Fund picks 10% stake in Biocon research unit
India Vaue Fund Advisors (IVFA) has bought a 10% stake in Syngene International, the research unit of Indian bio-pharmaceuticals firm Biocon, for INR3.8 billion ($62 million).
Aggressive demand for aggressive chemicals
Tankers used to ship chemicals require a degree of customization. Smaller than normal tankers, they are divided into self-contained compartments so that cargoes can be loaded without any mixing. There may also be specialized heating systems to keep chemicals...
SCPE, Tiger Group invest $95m in chemical tanking venture
Standard Chartered Private Equity (SCPE) and specialist maritime investor Tiger Group Investments have agreed to commit $95 million to Greathorse Chemical, which owns and operates a fleet of chemical tanker vessels.
OrbiMed commits $15m to China's GC-Rise Pharma
OrbiMed has committed $15 million in Series B funding to GC-Rise Pharmaceutical, a Chinese healthcare services provider.
Affinity invests $314m in Virgin Australia frequent flyer business
Affinity Equity Partners will pay A$336 million ($314 million) for a 35% interest in Virgin Australia’s frequent flyer program in a move that allows the airline to shore up its balance sheet.
Forum Syneriges leads Series C round for India's Attero
Forum Synergies has led a $15 million Series C round of funding for Attero, India’s largest electronic asset management company.
China Huarong secures $2.4b from investors ahead of IPO
A group of private investors will pay RMB14.5 billion ($2.35 billion) for a combined 20.98% stake in China Huarong Asset Management, one of four groups tasked with managing non-performing loans (NPLs) from state-owned banks, ahead of a planned public...
Fonterra to invest in PE-backed Chinese dairy firm
New Zealand dairy group Fonterra has agreed to acquire up to 20% of Beingmate Baby & Child Food, a PE-backed Chinese milk processor, for NZ$615 million ($515 million).
Resource Capital invests $3m in Australia's MZI Resources
Mining-focused private equity firm Resource Capital Funds (RCF) has invested $3 million in Australian Securities Exchange-listed mineral sands explorer MZI Resources after agreeing to add to an existing short-term loan facility of $4.5 million.
Advent supports Australia radiology merger
Advent Private Capital has created the fourth-largest radiology group in Australia by bringing together two independent diagnostics businesses, Lake Imaging and South Coast Radiology.
SEAF India feasts on India fast food
India's fast-growing quick service restaurant (QSR) sector is one of the many symptoms of a country that is increasingly cash-rich and time-poor as its middle class swells.
Nereus Capital backs China's Hareon Solar
Nereus Capital has invested in China's Hareon Solar to support development of 150 megawatts of solar power projects in India over the next two years.
Maybank leads $25m round for China casual dining platform
Maybank Private Equity has made its first investment in China, leading a $25 million Series D round of funding for YPX Cayman Holdings, which owns and operates Cloud 9, the mainland China licensee of a Taiwan casual dining chain.
China online liquor retailer Jiuxian gets $49m
Jiuxian.com, a Chinese online liquor store, has received a RMB300 million ($49 million) equity investment from China Development Bank International and other undisclosed investors.