Investments
Carlyle upbeat on Japan, expects to launch new fund in 2013
The Carlyle Group says it has already begun preliminary talks with investors for a third Japan fund, and remains upbeat about opportunities in the country's buyout space.
WestBridge, TA commit $44m to India's Dr Lal Pathlabs
WestBridge Capital and TA Associates have jointly invested $44 million in Dr Lal PathLabs, a diagnostics and pathology services firm headquartered in Gurgoan, India.
STIC-led consortium finalizes LIG Nex1 deal
A group of Korean investors led by STIC Investments has agreed to buy a 49% stake in LIG Nex1, a domestic aerospace and defense company owned by LIG Group. The sale price is said to be KRW420 billion ($388 million).
CLSA invests in China's Scinor Water
CLSA Capital Partners (CLSA CP) has led a $10 million round of funding for Scinor Water, a Chinese company that produces membranes used in waste water treatment. KPCB, an existing investor, also participated in the round.
TPG in $303m partial exit from Shriram Transport
TPG Capital has sold about half its stake in Indian truck financier Shriram Transport Finance (STFC) for about INR16.6 billion ($303 million).
Morgan Stanley in control deal for Korean paper maker
Morgan Stanley Private Equity Asia (MSPEA) has agreed to buy a majority stake in South Korean bathroom tissue producer Monalisa for KRW91.4 billion ($84.2 million). The seller is Kwang-ho Kim, the company’s CEO, who will also exit two unlisted entities...
Bain generates $69m through Greatview sell-down
Bain Capital has raised around $69 million from a sell-down in Hong Kong-listed Greatview Aseptic Packaging.
Australian GPs see strong investment climate, challenges for exits
Australia’s private equity investment environment is at its strongest in five years but this is tempered by managers facing more challenges selling portfolio companies, according to Anthony Kerwick, managing director at Pacific Equity Partners (PEP)....
OTPP closes in on Leighton's telecom assets
Australian contractor Leighton Holdings is in exclusive negotiations to sell 70% of its telecom assets Ontario Teachers' Pension Plan (OTPP), for around A$620 million ($634 million).
CMIA, China Merchants complete China Farm take-private
CMIA Capital Partners and China Merchants Holdings have completed the privatization of Singapore-listed agriculture machinery manufacturer China Farm Equipment (CFE), following an investment of $23 million.
IREIFS expands SE Asia presence, targets Australasia and India
Paris-based private equity firm IREIFS Partners is to expand its Southeast Asian presence in response to increasing activity in the Asia Pacific region.
Apax makes partial exit from Apollo Hospitals
Apax Partners has exited part of its stake in India' s Apollo Hospital to Oppenheimer Funds for INR5.3 billion ($97 million).
Orix beats PE firms to buy Rabobank's Robeco
Orix has bought the asset management arm of Rabobank, Robeco, for EUR1.9 billion ($2.5 billion). The Japanese financial services firm will acquire a 90.1% stake in the company while Rabobank will retain 9.9%.
China's CIC makes invests in Moscow Exchange IPO
China Investment Corporation (CIC) participated as a cornerstone investor in Moscow Exchange’s $500 million IPO. The deal represents another collaborative effort between the Chinese sovereign wealth fund and its Russian counterpart, Russia Direct Investment...
AGCA, secondary investors buy CS legacy assets
Three years after Credit Suisse's Asia private equity team spun out, the assets they were tasked with managing have followed suit. Supported by HarbourVest Partners and Axiom Asia, Asia Growth Capital Advisors (AGCA) has acquired a portfolio of eight...
Advent generates 2.5x on rationalization play
Locker Group Holdings, an Australian metal products manufacturer recently exited by Advent Private Capital to US-based Valmont, is an example of post-global financial crisis rationalization.
Headland to take Malaysian Mamee overseas
As "official noodle sponsor" of English football team Manchester United, Malaysian snack and beverage firm Mamee Double Decker puts a lot of stock in the reputation of its brands. The challenge for Headland Capital Partners, which recently took a significant...
Profile: IL&FS' Archana Hingorani
When Dr. Archana Hingorani swapped academia for industry, she ended up at the nascent IL&FS. Twenty years on, she is CEO of the company’s PE unit and recognized as a pioneer in Indian infrastructure
China e-commerce: End of the line
Burning through cash and with no public market exit in site, many of China’s e-commerce players are losing the confidence of their investors. New rounds of funding come at depressed valuations – if they come at all
The perils of over-ambition
Asahi's acquisition of Independent Liquor came towards the end of a period of frenetic outbound activity among Japanese beverage giants. Kirin bought Australia’s Lion Nathan, took a minority stake in Singapore-based Fraser &Neave and then rounded it off...
Korean GP EQ Partners gets investment from Reorient Group
Hong Kong-listed financial services provider Reorient Group has bought a one third stake in Korean private equity firm EQ Partners from Dongah Tire & Rubber, a Korean auto parts manufacturer, for KRW4.5 billion ($4.1 million).
CVC opts for partial exit from Matahari via public markets – report
CVC Capital Partners is expected to exit about 40% of its holding in Matahari Department Store through a public market sale that will raise up to $1.5 billion. The private equity firm, which controls the Indonesian retailer through a joint venture with...
Carlyle to make partial exit with Broadleaf IPO
The Carlyle Group is set to exit the majority of its stake in Broadleaf following the Japanese company's announcement that it would seek to raise up to JPY23.3 billion ($248.37 million) through an IPO.
Saudi Arabia's Kingdom Holdings leads $400m round for 360Buy
Chinese online retailer 360Buy has raised $400 million through a Series F round of funding led by Kingdom Holding, an investment company controlled by Prince Alwaleed bin Talal, a Saudi Arabian billionaire.