Investments
ASK Property invests $25m in Indian residential project
ASK Property Investment Advisors (APIA) has invested INR1.47 billion ($24.4 million) in a residential project being developed by ATS near Delhi. This is the fifth investment from the $200 million ASK Real Estate Special Opportunities Fund.
China’s Capital Today invests in Home Original Chicken
Capital Today has committed RMB129 million ($21 million) for a 10% stake in Home Original Chicken, a Chinese fast food chain.
CVCI invests $56m in Indian automotive parts maker
Citi Venture Capital International (CVCI) has invested INR3.4 billion ($56.48 million) in automotive and aerospace component maker Sansera Engineering for a “substantial” stake, the firm said.
INCJ invests in $1.7m in Japanese tech firm Exvision
The Innovation Network Corporation of Japan (INCJ) has invested JPY180 million ($1.7 million) in Exvision, a company which develops high-speed image processing technology.
Goldman, Temasek invest $110m in Shanda’s Cloudary unit
Goldman Sachs and Temasek Holdings have committed $110 million for a minority stake in Cloudary, an online literacy platform controlled by Chinese internet company Shanda Interactive Entertainment.
Australia’s Next Capital buys Scottish Pacific from Lazard
Next Capital completed the acquisition of Australian debt finance company Scottish Pacific from Lazard Australia Private Equity. The transaction value wasn’t disclosed but local media reports put it at around A$90 million ($82.6 million).
Baring PE Asia set for Korea logistics buyout
Baring Private Equity Asia has agreed to buy South Korean courier services provider Logen Logistics from Mirae Asset Private Equity. The deal is worth around KRW160 billion ($140 million).
Reliance exits Indian courier service for 2.4x return
Reliance Equity Advisors has exited courier company DTDC to French express logistics firm GeoPost for INR1.5 billion ($25.9 million) The PE firm bought a 39.51% stake for INR660 million in 2006, implying a 2.4x return on its investment.
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...
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.
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.
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...
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:...
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