Expansion
Temasek invests $104m in Godrej's agribusiness unit
Temasek Holdings has paid INR5.72 billion ($104.5 million) for a 19.99% stake in Godrej Agrovet, an agribusiness subsidiary of Godrej Industries. The deal comprises primary and secondary tranches, with the former earmarked to support Godrej Agrovet’s...
Riverside-owned Retail Zoo completes Australia bolt-on
Retail Zoo, an Australia-based restaurant chain backed by The Riverside Company, has completed the bolt-on acquisition of Cibo Espresso, a franchiser of espresso bars in South Australia and Queensland.
IFC to provide $25m to General Atlantic-backed Fourcee
International Finance Corporation (IFC), the private investment arm of the World Bank, will provide a loan of $25 million to Fourcee Infrastructure Equipments, an Indian logistics firm backed by General Atlantic (GA) and India Equity Partners.
Healthcare-focused Essex Woodlands opens Shanghai office
Essex Woodlands, the Silicon Valley-based healthcare investor, has opened an office in Shanghai as it looks to deepen its exposure to one of China’s fastest-growing sectors. David Yang and Scott Barry, both managing directors with the firm, will run operations...
Norwest Venture Partners invests $6m in Indian IT firm Attune
Norwest Venture Partners has invested INR326 million ($6 million) in cloud-based IT product company Attune.
CNEI leads $20m Series B for Juxin International Leasing
China New Enterprise Investment (CNEI) has led a Series B round of financing for Chinese specialty leasing company Juxin International Leasing. The investors acquired a 12.1% interest in Juxin for $20 million.
CNEI leads $23m investment in China Dadi Chemical
China New Enterprise Investment (CNEI) has led a $23 million round of funding for China Dadi Chemical, a leading industrial salt and salt chemicals producer. Korea Development Bank was a co-investor in the deal.
Headland completes $55m buyout of South Korea's YoungToys
Headland Capital Partners has a acquired a 96.5% stake in South Korean toy manufacturer YoungToys for KRW60 billion ($55 million). It is the 10th investment from Headland Private Equity Fund 6.
Australia's Harbart Private Equity buys Cardioscan
Harbert Australia Private Equity has bought an 85% stake in Melbourne-based cardiac testing service provider Cardioscan.
Northstar buys 49% stake in Trimegah Securities
Northstar Pacific Partners has acquired a 49% stake in Indonesian brokerage Trimegah Securities for IDR200 billion ($20.8 million). The investment was channeled through Northstar Equity Partners III, which closed last year at $820 million.
Asia Awards: PE Professional of the Year – Roy Kuan
CVC Capital Partners has completed five investments and two exits in the last 12 months. Managing Partner Roy Kuan, who leads the Asia team, and colleagues Francis Leung and SigitPrasetya, discuss market trends
Asia Awards: PE Deal of the Year – Tianhe Chemicals
Morgan Stanley Private Equity Asia had to overcome trust issues and intense competition to secure its $300 million investment in Tianhe Chemicals. Chief Investment Officer Homer Sun explains how it happened
Boyu invests in Hong Kong retailer Stelux
Boyu Capital has invested in Stelux Holdings through a subscription for HK$371 million ($47.8 million) of convertible bonds issued by the Hong Kong retailer. As part of the deal, CEO Joseph Wong said he planned to nominate Boyu’s Mary Ma and Alex Wong...
IDFC PE's Parag Milk Foods seeks to double capacity
Parag Milk Foods, the Indian dairy company that received a INR1.55 billion ($28.7 million) investment from IDFC Private Equity in September, plans to double its capacity by expanding existing production plants and setting up new facilities. It currently...
Helion, Footprint invest $6m in restaurant chain Mast Kalandar
Helion Venture Partners is leading a third round of investment in quick service restaurant (QSR) chain Mast Kalandar, which is run by Bangalore-based Spring Leaf Retail.
Goldman invests in PE-backed Fresh Water Group
Goldman Sachs has led a new round of funding for Fresh Water Group, a Chinese purified water service provider already backed by SAIF Partners and Ares Management.
New Zealand's Xero raises $49m from Valar, Matrix
New Zealand-based online accounting software company Xero has raised NZ$60 million ($49 million) in new capital from US VC firms Valar Ventures and Matrix Capital Management. Valar is backed by Peter Thiel, best known for his early investments in PayPal...
L Capital-backed PVR to buy Cinemax India
PVR, a cinema chain backed by L Capital, will pay INR5.43 billion ($99 million) for a majority stake in domestic rival Cinemax India.
Sequoia, Canaan Partners invest $6.3m in Adnear
Sequoia Capital and Canaan Partners have invested INR350m ($6.3 million) in AdNear, a location-based mobile advertising platform, in a Series A round of funding.
TriReme Medical closes $18m round led by Luminor Capital
Singapore-based Luminor Capital has a led a $18 million financing round in TriReme Medica, a medical device company based in Pleasanton, California and Singapore. Major existing investors and new Asian investors also participated.
Abraaj-backed Network International buys Indian remittance firm
Abraaj Capital-backed Network International has acquired a majority stake in TimesofMoney, an India-based online remittance company.
Fosun gets 20% stake in Taiwan bakery store
Fosun has invested NT$360 million ($12.3 million) to acquire a 20% stake in Taiwan’s Vigor Kobo, a bakery chain that produces traditional cakes and pastries. The deal is said to represent the first Chinese conglomerate's first foray into Taiwan’s food...
CDIB Capital invests in US-based Smith-Cooper
CDIB Capital, the overseas investment arm of China Development Financial Holding Corporation, has invested in Smith-Cooper International, a US-based manufacturer of pipe, valves and fittings. Blue Point Capital Partners also participated in the funding...
Everstone, ICICI invest $23.5m in Sohan Lal Commodity
Everstone Capital and ICICI Bank's Emerging India Fund (EIF) have jointly invested INR1.3 billion ($23.5 million) in Sohan Lal Commodity Management as part of a Series C round of funding. The two investors now own stakes of 25.55% and 6.93%, respectively....