Investments
Japan's NTT Docomo acquires Guam cable operator from Seaport Capital
Japanese wireless operator NTT Docomo has acquired Guam cable operator MCV Broadband from New York private equity firm Seaport Capital for an enterprise value of approximately $130 million.
Capital18 exits India's Webchutney, sees 3x return
Capital18, the venture capital arm of Indian media conglomerate Network18, has sold its 70% stake in Webchutney Studio to Dentsu Media and Holdings India (DMHI), a subsidiary of Japanese advertising company Dentsu, generating a 3x money multiple.
PE-controlled Chinese cinema equipment maker files for US IPO
Chinese digital cinema equipment manufacturer GDC Technology, a portfolio company of The Carlyle Group and Yunfeng Capital, has announced plans to raise up to $75 million through a NASDAQ IPO. With only two Chinese firms managing to go public in the US...
Partners Group buys majority stake in India’s CSS Corp - Update
Partners Group has acquired a majority stake in IT services provider CSS Corp. for $270 million. The deal facilitates the exit of existing investors SAIF Partners, Goldman Sachs and Sierra Ventures.
PE-owned Australian power producer targets US debt issue – report
Alinta Energy, the Australian power producer controlled by TPG Capital, is said to be planning to raise at least $1 billion through a debt offering in the US. It joins a growing list of private equity-owned companies that are looking outside of Australia...
Sequoia backs Chinese vegetable producer MBO
Sequoia Capital has teamed up with the chairman and CEO of Chinese vegetable producer Le Gaga Holdings to submit a buyout offer that values the NASDAQ-listed company at around $183 million. Le Gaga has seen its net profit increase fourfold over the last...
SparkLabs selects 10 companies for its second start-up class
Korean start-up accelerator SparkLabs has selected a second class of 10 for its mentoring program. The program is three months in length and provides funding, office space and access to a network of entrepreneurs, venture capitalists and angel investors.
Kae Capital seeds India language-learning platform
Indian venture capital firm Kae Capital has invested an undisclosed amount for a minority stake in Intap Labs, the start-up behind language-learning platform CultureAlley.com.
VC-backed Just Dial's IPO 11x subscribed
Indian search engine Just Dial’s IPO was subscribed 11.6 times when it closed on Wednesday. The company will raise INR8.2-9.5 billion ($148-171 million), depending on the final issue price.
CDH to make distributions of $1b for the year
CDH Investments has distributed $500 million to LPs in the last seven months and is on course to return a similar amount by September. The China GP has made full exits from real estate developer Sunac and auto parts firm Nanjing Aotecar during the period,...
SEAVI invests $17m in Indonesian port manager
SEAVI Advent Private Equity, the Asian arm of Advent International, has made a $17 million investment into Multicon Indrajaya Terminal, an Indonesian port depot manager.
China's Cathay resumes pursuit of Discovery Metals
Chinese private equity firm Cathay Fortune Corporation (CFC) has made a renewed takeover bid for Australia-listed mining company Discovery Metals. The offer is the latest development in ongoing spat between CFC and Discovery Metals, whose principal asset...
Financial services in China: Carving a niche
With investment opportunities in China's traditional banking and insurance industries limited, private equity firms are looking to niche financial services. What have they found in the shadows?
AMCG invests $30m in Chevalier for Moraitis acquisition
Asia Mezzanine Capital Group (AMCG) has invested in $30 million in Chevalier International Holdings, aiding its acquisition of Australia's Moraitis, a fruit and vegetable wholesaler backed by Catalyst Investment Managers. AMCG provided the financing via...
Oceanic Iron gets backing from Sino-Canada resources fund
Canada's Oceanic Iron Ore has received non-brokered financing of $3 million from Sino-Canada Natural Resources Fund, which will be issued convertible debentures.
BlackRock to acquire MGPA
Asset manager BlackRock is to expand its presence in Asia by buying real estate investor MGPA, which had $12 billion in assets under management as of March.
China value-add: Empty promises?
Pulled by a desire to buy and build or pushed by a need to address restricted exit options, PE firms in China are placing greater emphasis on operational value-add. LPs must decide who’s all talk and who is action
KKR exits Australia's Seven West Media
KKR has exited its stake in Australia’s Seven West Media via the public market, raising around A$265 million ($260 million). The private equity firm invested in what was then Seven Media Group in 2006 at the height of the buyout boom, before merging...
Japan restructuring opportunities on the rise – PE survey
Japan is expected to emerge as a hotspot for restructuring over the next 12 months as domestic industries consolidate and foreign multinationals reassess their activities in a weak and demographically challenged consumer market. South Korea and Japan...
Sequoia leads $5m investment in Indian energy drink maker
Sequoia Capital, Catamaran Investment and FootPrint Ventures have put $8 million (INR 440 million) into Hector Beverages, owners of energy drink brand Tzinga.
Blackstone tables $660m take-private bid for China’s Pactera
The Blackstone Group has joined the flood of private equity firms targeting China take-privates, backing a management buyout of US-listed tech outsourcing firm Pactera Technology International. It takes the number of private equity-supported transactions...
Goldman completes exit from ICBC
Goldman Sachs has sold its remaining stake in Industrial & Commercial Bank of China (ICBC), the nation's largest lender, for around $1.1 billion - seven years after its first investment.
India Value Fund-backed Manipal invests in Ankur Healthcare
India Value Fund-backed Manipal Health Enterprises has committed INR400 million ($7.27 million) to Ankur Healthcare, which specializes in infertility treatment.
Australia's Quadrant exits Virtus Health, Summerset
Quadrant Private Equity has exited its investment in fertility services provider Virtus Health via a A$339 million ($330 million) IPO, while making another partial exit from retirement village chain Summerset.