Investments
ePlanet exits agro-chemicals firm as Japan's SDS enters
ePlanet will exit Indian agro-chemicals firm Sree Ramcides Chemicals as Japan's SDS Biotech invests INR1 billion ($18.8 million) in the company for a 65% stake.
China Private Equity Investment backs Malaysia’s Patimas Computers
China Private Equity Investment Holdings (CPEH) has acquired a minority interest in Patimas Computers, a Malaysian information and communications technology provider.
Everstone invests in Transpole Logistics
Everstone Capital has invested INR2.2 billion ($41 million) in India's Transpole Logistics. The Dehli-headquartered firm provides services including freight forwarding, warehousing and distribution.
Lunar Capital enters partnership with Pinco Pallino
Lunar Capital has entered into a partnership with Italian children's fashion brand "I Pinco Pallino" to expand its presence in China and East Asia. Under the agreement, Lunar and Pinco Pallino, which is owned by Italian private equity firm Opera, plan...
Philippines infrastructure: Hole in the road
Still massively underserved, the Philippines infrastructure sector is finally on private equity investors’ radar. Partnering with a credible local partner could be the first step to success
Portfolio: Lunar Capital and China's Joysun
When Lunar Capital invested in Sichuan Zhiqiang, the company’s Joysun brand was well known but lacked relevance with younger consumers. It is now seeking to redress the balance with a revamped product range
Hahn & Co to buy Korea Line via bankrupcty process
Hahn & Co. has been selected by a bankruptcy court as the preferred bidder for a 50% controlling stake in Korea Line, South Korea’s fourth-largest shipping company. The enterprise value of the transaction is KRW1.1 trillion ($1 billion), with Hahn &...
Goldman Sachs completes another partial exit from ICBC
Goldman Sachs has completed another partial exit from its holding in Industrial and Commercial Bank of China (ICBC), selling $1 billion worth of H-shares. The investment bank's merchant banking division has offloaded ICBC shares at least four times prior...
Baird rebrands PE operations as Baird Capital
The private equity operations of Robert W. Baird & Co. have been consolidated under a single brand – Baird Capital.
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...
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.