Investments
Eredene to exit India's Ocean Sparkle
Indian infrastructure investor Eredene Capital will exit its stake in Ocean Sparkle (OSL), a Hyderabad-based port operations company, and has appointed local investment bank MAPE to handle the sale.
Cerberus to boost stake in Japan's Seibu
Cerberus Capital Management wants to raise its stake in Japanese railways and property group Seibu Holdings by around 4% as the company plans to re-list.
Fung Capital to invest in JV with India's Future Group
Fung Capital, the private equity arm of the family owners of Li & Fung Group, will invest in a wholesale joint venture with India’s Future Group. Fung Capital is expected to hold at least a 26% stake in the venture with Kishore Biyani and his family,...
Hony supports $505m take-private of Simcere Pharmaceutical
Hony Capital is backing a $505 million management buyout of Chinese drug developer Simcere Pharmaceutical Group. It takes the number of take-private deals involving US-listed Chinese companies to 13, according to AVCJ Research.
CVC-backed Matahari launches $1.3b offering
CVC Capital Partners and its local partner are seeking up to $1.36 billion through a partial exit from Indonesian retailer Matahari Department Store. The deal values Matahari at $3.4 billion, which means the private equity firm stands to make a substantial...
PE firms call for limit on Japan's government-backed funds
KKR, The Carlyle Croup and Bain Capital are part of a group of private equity firms urging the Japanese government to rein in its state-backed funds.
TPG buys Australian poultry producer Inghams
TPG Capital overcame several rival private equity and strategic bidders to acquire Australian poultry firm Inghams Enterprises. The family-owned company didn’t confirm the financial details, although it has been reported that the deal valued Inghams at...
Blackstone, TPG among bidders for Australia's Inghams - report
The Blackstone Group and TPG Capital have reportedly placed separate bids for Inghams Chicken, Australia's largest poultry producer.
CX Partners to close India Transaction Solutions deal - update
CX Partners is near to closing its acquisition of a 75% stake in the Indian ATM unit of Australia's Transaction Solutions International (TSI) for $22 million.
TPG, Northstar approached for BTPN stake - report
Japanese banks Mitsubishi UFJ, Mizuho and Sumitomo Mitsui are said to be among potential suitors approaching TPG and Northstar Pacific Partners with a view to acquiring their stake in Indonesia's Bank Tabungan Pensiunan Nasional (BTPN). The PE firms'...
MGPA acquires Shanghai office building
MGPA has acquired J-Tower, a newly completed Grade A office building in Shanghai's Jiading district for RMB263.5 million ($42 million).
Anacacia set for 5x return on Home Appliances investment
Anacacia Capital has agreed to sell its controlling stake in Australian cooking products supplier Home Appliances to McPherson’s for A$22 million. The private equity firm is expected to secure a 5x money multiple and an IRR of more than 90% once the deal...
WestBridge exits India's Interactive Avenues to IPG Mediabrands
WestBridge Capital has exited its investment in India Interactive Avenues, a digital marketing company, to New York media firm IPG Mediabrands for an undisclosed amount.
Fidelity Growth Japan leads Metaps series B round
Fidelity Growth Partners Japan has led a JPY1 billion ($10 million) Series B round of investment in Metaps, a Tokyo-based mobile software developer. Existing investors have also taken part in the round.
Vogo-backed Tong Yang Life eyes ING South Korea unit
Vogo Capital-backed Tong Yang Life Insurance is considering purchasing ING Group's South Korean insurance unit.
PE firms eye larger Australia deals - AVCJ Forum
Private equity investors expect to see more large-cap deals in Australia as the liquidity boom in the US provides increased capacity for debt financing.
AID Partners makes bet on HMV
The rise of services like iTunes and Spotify are enough to make any record store business shudder. Factor in the proliferation of file-sharing services and online piracy, and it is inevitable former giants like the UK's HMV seem to be going the way of...
China secondaries: When push comes to shove
China GPs are under pressure to return cash to investors but IPO exits are challenging. Secondary sales are emerging as an option. Who best placed to deliver on the US dollar and renminbi sides?
Portfolio: Navis Capital and Malaysia's Alliance Cosmetics
Alliance Cosmetics was already the dominant force in Malaysian make-up market when it was acquired by Navis Capital Partners in 2010. The next step was to use this experience to break into Indonesia
Australia webinar: Consistency matters
Australia's private equity industry has seen robust deal flow in recent years and LPs remain committed to the asset class, albeit to a fewer number of GPs. Industry participants expect this to continue
Brookfield among suitors for CapitaLand's Australand - report
Canadian private equity firm Brookfield Asset Management is said to be among several investors targeting real estate developer Australand Property Group.
India's Grameen Koota raises $9.6m from VCs
Indian's Grameen Financial Serivces (GFS), also known as Grameen Koota, has raised INR532 million ($9.6 million) from Creation Investments, Incofin Investment Management and MicroVentures in its third round of funding.
PE-backed Blue Star entities pick up assets from Geon
Blue Star’s Australia and New Zealand entities, which are now run by two separate private equity-backed management groups, have agreed to buy assets from struggling rival printing company Geon.
Pragnya invests $10m in India, Sri Lanka property projects
Indian real estate private equity firm Pragnya Advisors has invested $5 million in a residential project in Bangalore and another $5 million in an office space development in Colombo, Sri Lanka.