Investments
China's Sailing Capital supports $400m round for Mobileye
China’s Sailing Capital participated in a $400 million round of funding round for Mobileye, a Netherlands-based operator of driver assistance systems, valuing the company at about $1.5 billion. It is one of five investors that will between them own 27%...
Navis exits Australian oil and gas services provider
Navis Capital Partners has exited Callidus Process Solutions, an Australian industry valve maintenance specialist serving mining and oil and gas sites, to Pon Holdings Australia (PHA).
Microsoft Ventures enters China market
Microsoft has launched Microsoft Ventures in China to provide seed funding and other resources to local start-ups.
Korea's IMM Private Equity invests $87m in Hollys F&B
IMM Private Equity has agreed to pay KRW100 billion ($87 million) for a controlling position in Hollys F&B, the parent company of Hollys Coffee, one of South Korea’s largest coffee shop chains.
Japan's Chiyoda acquires PE-backed energy consultancy
Chiyoda Corp, a Japanese engineering contractor, has acquired a majority stake in Scottish energy consultancy business Xodus Group from UK private equity backer Simmons Parallel Private and Dutch investor Sunrise Xodus. Financial details were not disclosed....
Temasek's portfolio expands to $169b with greater focus on energy
Temasek Holdings saw its portfolio grow to S$215 billion ($169 billion) for the year ended March 2013, up 8.6% from the preceding 12 months.
Asia PE fundraising slumps to $13b in first half of 2013
Asia private equity fundraising came to $13.8 billion in the first half of the year, down 40% on the second half of 2012, according to provisional data from AVCJ Research. This is the lowest six-monthly total since January-June 2009. PE investment reached...
Actis exits Chinese kitchen equipment maker to US trade buyer
Actis has sold its stakes in Chinese commercial kitchen equipment maker Vesta to Illinois Tool Works (ITW), a US industrial equipment manufacturer. Terms of the transaction were not disclosed.
Samsung Electronics buys VC-backed Boxee
Samsung Electronics has acquired Boxee, a VC-backed Israeli start-up that manufactures digital video recorders (DVRs). The financial details of the deal were not disclosed.
India Value Fund invests $40m in spice firm VKL
India Value Fund Advisors (IVFA) has committed $40 million to Vallabhdas Kanji Limited (VKL), a seasonings and spices producer, based on expectations of growth in the quick service restaurants segment (QSR) and processed foods industry.
Japan, Canada pension fund consortium makes first investment
A consortium of Canada's Ontario Municipal Employees Retirement Scheme (OMERS) and a group of Japanese pension funds led by Mistubishi Corp. has made its first investment in Midland Cogeneration Venture (MCV), a gas power plant in the US. The details...
Anacacia exits Rafferty's to PZ Cussons for 10x return - Update
Anacacia Capital has sold baby-food producer Rafferty’s Garden to London-listed PZ Cussons for GBP42.2 million ($64 million). The Australia GP is understood to have generated a 10x return on an investment made three years ago.
VIDEO: David Grayce of Pacific Equity Partners
Take-private opportunities emerge at certain points in a market cycle, driven by the cost of funding a deal – in debt and equity terms – versus the market valuation of the asset. In Australia another factor as also come to the fore in recent years: shareholder...
Q&A: Clearwater Capital Partners' Rob Petty
Clearwater Capital Partners is currently investing is $575 million fourth fund. CEO Rob Petty identifies the opportunities in Asia – offshore, onshore in China and India, and a generous helping of restructuring
Angels in Asia: Exporting Silicon Valley
Early-stage investors in the US are casting their eyes eastwards as they seek out new partnerships in Asia. But what can these angels offer the region’s start-up community?
Asia PE: Taking the temperature
AVCJ assembled a group of private equity industry leaders to share their views on the prospects for exits in Asia, changing expectations and approaches to China, and how to address LP interest in co-investment
Friend or foe? Chinese M&A in the US
Chinese companies are keen to acquire assets overseas and the US is a popular target. Success hinges on satisfying regulators, appeasing politicians and persuading sellers of their ability to execute transactions
Ironbridge targets full buyout of Australia's Bravura
Ironbridge Capital has made an offer to acquire a further one-third stake in listed Australian life insurance and wealth management provider Bravura Solutions. The offer values the company at A$172.7 million ($158.3 million).
Blackstone set for partial exit as Emcure Pharma files for IPO
The Blackstone Group will make a partial exit from its 2006 investment in India's Emcure Pharmaceuticals as the company targets a INR3 billion ($50.4 million) IPO.
Sun Capital exits US-based ASB to Japan's Lixil
Sun Capital Partners has exited its stake in American Standard Brands (ASB), a US maker of bathroom and kitchen fixtures, to Japanese toilet manufacturer Lixil Corp. for $542 million. The deal values the 138 year-old firm at around $342 million and includes...
Southern Capital raises $400m for Southeast Asia fund
Singapore-based Southern Capital Group (SCG) has raised approximately $400 million for its third buyout fund. Unlike SCG’s previous vehicles, which invested throughout the region, Southern Capital Fund III will focus on Malaysia, Singapore and Indonesia....
CDH commits $97m to China's New Focus Auto
CDH Investments has invested $97.37 million in Hong Kong-listed auto after-sales service provider New Focus Auto (NFA) through a subscription to ordinary shares and convertible bonds. Upon full conversion it will own 63.2% of the company.
Vogo-backed Tongyang Life chosen as preferred bidder ING Korea unit – report
A consortium led by Tongyang Life Insurance, which is majority-owned by Vogo Investment, has reportedly been chosen as the preferred bidder for ING Groep’s South Korean life insurance unit. The consortium is said to have offered around KRW2 trillion ($1.7...
Limetree Capital targets $325m for car parking fund
Hong Kong-based Limetree Capital is targeting $325 million for its China Car Park Investment Fund, which will address the country's lack of parking spaces.