Expansion
TPG leads Partners Group, ARC China in China Vogue Casualwear deal
An investment consortium led by TPG Capital, the US buyout group, and also including Partners Group and ARC China Holdings, has invested some $45 million in China Vogue Casualwear Ltd., a leading casual sportswear company in China which operates under...
Carlye, KKR, Warburg Pincus ready as India's Hero Honda deal restarts
US PE majors the Carlyle Group, Kohlberg Kravis & Roberts (KKR) and Warburg Pincus are in line to take a 15-18% stake apiece in India's Hero Honda Motors, coming as Japanese auto maker Honda nears its exit from the JV.
Intel Capital to invest in India's Allied Digital
Intel Capital is to commit some INR32 crore ($7.3 million) to BSE-listed Indian IT company Allied Digital Services Ltd., to pick up warrants convertible into around a 3% stake in the IT services and solutions business.
Achuthan forms Achuthan & Co. for India, Southeast Asia investment
Hari Achuthan, previously a director with the private equity group at Credit Suisse Asset Management, is forming a private equity firm, Achuthan & Co., to invest in India and Southeast Asia.
Sandstone, Sequoia, Madison take minority stake in Micromax
Subcontinent specialist Sandstone Capital and Silicon Valley VC icon Sequoia Capital, as well as media and communications-focused firm Madison India Capital, have taken a small position – collectively estimated at less than 10% - in Indian handset producer...
CDH takes stake in China's Motie Publishing
CDH Investments, the China-focused private equity and VC firm, has made an investment of at least RMB100 million ($14.8 million) in Motie Publishing, a PRC book publisher.
Oz Future Fund, two others invest $576 million in new UK capital lender
Australian sovereign wealth fund the Future Fund, as well as Lord Rothschild and UK buyout leader Apax Partner’s founder Sir Ronald Cohen have together invested EUR450 million ($576 million) in Haymarket Financial, known as HayFin, a new start-up specialist...
Aureos invests $2.2 million in Thai data center provider
Emerging markets-focused Aureos South-East Asia Managers Ltd. has invested $2.2 million in Thai data center provider Unitrio Technology Co. Ltd. from its South East Asia Fund.
Origo invests PRC batteries with Unipower
UK-listed private equity investor Origo Partners has committed around $4.3 million to PRC lithium-iron battery manufacturer Unipower Battery, currently being spun out of privately held parent Huanyu Group.
Fed allows CIC to be second-largest foreign investor in Morgan Stanley
China Investment Corporation (CIC) has reportedly received the green light from the US Federal Reserve to take up to a 10% voting stake in Morgan Stanley, which would make the SWF the second-largest investor in the financial giant after Bank of Tokyo...
Frontline Strategy to launch $150 million fund, its third
PE firm Frontline Strategy is to launch its $150 million Clove Route Fund – its third mid-market vehicle – focused on $10-15 million growth capital investments across sectors in India.
Goldman Sachs-led consortium injects another $70 million in PRC rent-a-car business
Goldman Sachs Group has reportedly led a consortium of growth-capital investors to inject $70 million in eHi Car Rental Co., a Shanghai-based car rental chain operator which recently raised around RMB1 billion ($147 million) from investor groups, including...
Japan's INCJ will invest $41 million in battery business
Innovation Network Corporation of Japan, the state-owned fund supported by public capital, will invest JPY3.5 billion ($41.3 million) in Enax Co., Ltd., an lithium-ion battery developer in Japan.
China-focused My Decker Capital invests $40 million in Beijing supermarket chain
My Decker Capital, a China-focused investment firm with operational offices in Beijing, Hong Kong and New York, has made a $40 million investment in Beijing New Cooperation Chain Supermarket through its PE investment fund, the My Decker China Fund.
L Capital invests Emperor Watch with DE Shaw
L Capital, the investment arm of international luxury goods major LVMH Moet Hennessy Louis Vuitton, has picked up some $31 million of convertible bonds and warrants in Hong Kong-listed Emperor Watch & Jewellery Ltd., equivalent to around 7.46% of the...
IDG Capital invests $40 million in Chinese e-commerce solutions firm
IDG Capital Partners, a China-focused venture capital firm, has made another investment in the mainland's rapidly growing e-commerce sector, infusing $40 million in leading foreign-trade e-commerce solutions provider BizArk.
Clearwater Capital takes additional 4% stake in India's Jamna Auto, lifting its total control to 30%
Private Equity firm Clearwater Capital Partners has taken an additional 4.03% stake in Jamna Auto Industries for approximately $3.2 million, strengthening its ties to the company in which it already has a 26.29% stake.
AgBank follow-on pushes over record
The Agricultural Bank of China, invested by the China Investment Corp (CIC), Singapore's Temasek Holdings and the SWFs of Qatar and Kuwait, has seen a follow-on share issue to its Hong Kong and Shanghai IPO push the listing's total value to an all-time...
Actis-backed Tema India seeks $32.4 million in PE funding
Tema India Pvt Ltd, a manufacturer of high-pressure heat exchangers, has reportedly approached private equity investors to raise INR150 crore ($32.4 million) in growth capital, in a move that suggests that five-year-long backer Actis may be exploring...
Green Pine invests Dingchu for energy conservation
Shenzhen-based PE firm Green Pine Capital partners has invested RMB30 million ($4.4 million) into Hangzhou Dingchu Technology Co. Ltd., an energy conservation and water-recycling business, for a 25% stake in the company.
Valiant completes Fuji Foods privatization
Valiant Partners, the Tokyo-based mid-cap private equity firm, has successfully completed an friendly privatization bid for Fuji Foods, a food manufacturer specialized in producing fast food items, including lunch boxes, rice balls, sandwiches for 7-Eleven...
JAFCO Asia, Hotung, Tokio Marine invest PRC PC game developer
An investment consortium comprising JAFCO Asia, Hotung Investment Holdings Ltd., and Tokio Marine Investment Services, the Hong Kong-based private equity affiliate of the Japanese parent, made an $8 million investment in UltiZen Games Ltd., a game development...
SAIF gets juice from Huiyuan
SAIF Partners has picked up a 22.98% stake in Chinese beverage company Huiyuan Juice Group from French food group Danone, purchasing the tranche for about $260 million, one year after the Chinese government foiled Coca-Cola Co.’s bid to acquire Huiyuan...
TLG Capital does first deal in India with Re-feel Cartridge
TLG Capital, a London-based investment firm, has made its first investment in India, taking a 36% stake in privately held Re-feel Cartridge Engineering Pvt Ltd, the country's largest printer cartridge refill and laptop repair services company, for some...