Investments
IL&FS Private Equity invests $33m in real estate in third quarter
IL&FS Investment Managers (IIML), the India's largest private equity firm by assets under management, invested INR1.8 billion ($33 million) in real estate during the quarter ended December 2012. It also recorded exits worth INR2.45 billion across private...
OTPP in running for Leighton asset – report
Ontario Teachers' Pension Plan (OTPP), Canada’s third-largest pension fund, is reportedly among the final bidders for NextGen, the fibre-optics business being sold by Australian contractor Leighton Holdings. The deal could be worth as much as A$870 million...
PE-backed Chinese baby skincare brand bought by Johnson & Johnson
Private equity-backed Shanghai Elsker Mother & Baby, a Chinese manufacturer of natural baby skincare products, has been acquired by Johnson & Johnson. Terms of the transaction were not disclosed but the price is said to be around RMB650 million ($104...
Japan's Aeon eyes CVC's Matahari - report
Japan's Aeon Group and a unit of Thailand's Central Group are said to be eyeing CVC Capital Partners-owned Indonesian retail group Matahari Department Store.
Softbank Ventures Korea invests $1.4m in KnowRE
Softbank Ventures Korea (SBVK), the venture capital unit of Japan's Softbank Corporation, has invested $1.4 million in KnowRe, an education technology company specializing in adaptive online learning services.
PE firms compete for Everstone's stake in VLCC – report
Several global and regional private equity firms are reportedly in the hunt for Everstone Capital’s 16% interest in Indian health and beauty treatment specialist VLCC.
Creador completes Indonesia food carve-out
Creador headed off an auction process to complete a carve-out of Indonesian cereals and snack foods producer Simba Indosnack Makmur from India’s Godrej Consumer Products.
TPG-backed Li Ning to issue $241m in convertible securities
Li Ning, the Chinese sportswear retailer backed by Government of Singapore Investment Corporation (GIC) and TPG Capital, saw its stock drop 13.8% to HK$5.35 in Friday morning trading after announcing a plans to raise as much as HK$1.87 billion ($241 million)...
Blackstone buys China land parcel for $482m - report
The Blackstone Group has reportedly invested more than RMB3 billion ($482 million) for 600,000 square meters of land in China's Jiangsu province. The deal was finalized in October and has received approval from the Ministry of Commerce.
Asia PE fundraising drops by one third to $46.8b in 2012
Private equity fundraising in Asia Pacific slumped by more than one third to $46.8 billion in 2012 from $72.9 billion a year ago as capital committed to China-focused vehicles dropped off markedly over the course of the year. It is the lowest annual total...
GEF to invest $8.4m in India's IClean
Global Environment Fund (GEF) has invested INR450 million ($8.4 million) for a minority stake in Integrated Cleanroom Technologies (IClean), which manufactures prefabricated modular cleanrooms and related equipment.
Infinity and affiliate secure 4.7% of Anxin-China
Infinity Group, the Israel-based private equity firm created by China Development Bank and Israeli conglomerate IDB Group, has joined an affiliate in purchasing a 4.7% stake in Anxin-China Holdings for $30 million.
Orchid to cornerstone Time Watch's Hong Kong IPO
Orchid Asia will participate as a cornerstone investor in Chinese watchmaker Time Watch Investments' proposed Hong Kong IPO. The private equity investor will inject about HK$204 million ($26.3 million) for an 8.03% stake in the company.
Korean couples app raises $3m Series B funding
Korean social media application Between has raised a $3 million Series B funding round from new and existing venture capital players. The proceeds will be used to expand the company's presence outside its home market.
Summit Partners to invest $25m in The Iconic
Summit Partners is expected to invest $25 million into Australian fashion online retailer, The Iconic.
Fulcrum Venture India invests $1.5m in Congruent Solutions
Fulcrum Venture India has invested INR80 million ($1.5 million) for a 20% stake in Congruent Solutions, a specialist software service provider in the pension administration industry.
Samsung Ventures invests in Fixmo
Samusung Venture Investment Corp, the venture capital unit of Samsung Group, has invested in Canada's Fixmo, a mobile security solutions firm. Details of the transaction were not disclosed.
J-Star completes clothing brand turnaround
Three and-a-half years ago, Olive des Olive, a hip teen clothing-brand based out of Tokyo, was suffering. Having filed for bankruptcy, its reputation frayed by allegations that its clothing came from a factory in China and had been re-labeled “Made in...
Advantage sees 7x return on coffee chain deal
When Advantage Partenrs paid JPY15 billion ($146 million) for a 78% stake in Komeda Coffee in 2008, the chain was to a certain extent a victim of its own success. After more than 40 years of expansion the company had grown to around 300 stores and its...
MGPA in $111m Australia office building deal
MGPA, a private equity real estate investment firm, has paid A$105.67 million ($111 million) for a Grade A office building located at Perth. This is the first investment made from MGPA’s EUR500 million ($639 million) Asia property fund, a vehicle structured...
Everstone acquires stake in India's Transpole
Everstone Capital has invested INR2.2 billion ($41 million) to acquire a significant minority stake in Transpole Logistics, one of the leading freight forwarders in India. The company will use to proceeds to expand overseas operations in China, Malaysia,...
India Infoline invests in real estate project
India Infoline (IIFL) has invested INR750 million ($13.9 million) in a real-estate development project in the state of Haryana through its IIFL Domestic Series 1 Fund.
J-Star exit sees 3x return on Olive des Olive exit
J-Star, a Japanese mid-market buyout firm, has exited Tokyo clothing brand Olive des Olive to wholesale company Takisada-Osaka, securing a return of more than 3x and an estimated IRR of 35-40%.
Apollo Hospitals founder interested in Apax stake
Apax Partners is preparing to exit Indian healthcare chain Apollo Hospitals, with Prathap C. Reddy, the company’s founder and chairman, open to buying part of the stake.