Investments
Carlyle exits China Pacific with $4b profit
As a private equity investment, China Pacific Insurance stood out from the beginning. When The Carlyle Group paid approximately $400 million for a 24.98% stake in the firm’s life insurance subsidiary in 2005, it was comfortably the largest PE deal in...
The debt deadline: Japans's SMEs at a crossroads
Japan’s Debt Moratorium Law, seen by some industry participants as an impediment to PE deal flow in the last three year, is set to expire at the end of March. Does this spell new opportunities for the industry?
4Q analysis: End-of-year blues
Direct investors stand out as those around them fade; the fundraising climate continues to weaken; a few bright spots in the IPO market
Project Europe: China targets high-end manufacturing
Chinese strategic investors are bidding up manufacturing assets in Europe. There is room for PE players to participate, but they will generate value by identifying high-tech targets early in the value chain
IPOs, and other China exits
Hony Capital was responsible for one of the more unusual transactions of the holiday period. The private equity firm provided the cash option for shareholders who didn’t want to participate in China International Marine Containers’ conversion of its...
Advantage Partners sells Komeda coffee shop chain to MBK
Advantage Partners has agreed to sell its controlling stake in Japanese coffee shop chain Komeda to MBK Partners.
India’s BookAdSpace gets angel investment
BookAdSpace, an online platform for buying and selling physical advertising space, has received angel funding from Aakrit Vaish, the director of Flurry India, and Mitesh Sampat, the vice-president of product strategy at Quova.
Ironbridge sells NZ-based EnviroWaste to Cheung Kong Infrastructure
Ironbridge Capital has agreed to sell EnviroWaste, New Zealand’s second-largest waste services business, to Hong Kong’s Cheung Kong Infrastructure Holdings for NZ$490 million ($412 million). The Australian private equity firm acquired EnviroWaste...
MH Carnegie buys majority stake in Australia's Assetic
MH Carnegie, an Australian private equity investor, has acquired a 55% stake in Assetic, a Melbourne-based technology firm, for A$10 million ($10.6 billion).
Hony exits Hong Kong-listed Chaowei Power
Hony Capital has exited all its shares in Chaowei Power Holdings, a Chinese lead-acid battery manufacturer listed in Hong Kong, for HK$600 million ($77 million).
Billabong receives takeover bid from Altamont, VF Corp
Altamont Capital Partners has teamed up with US apparel company VF Corp. to submit a rival takeover bid for Billabong International. The consortium is offering to pay A$1.10 per share in cash – or A$527 million ($555 million) – for the Australia surfwear...
CVC completes another Samsonite selldown
CVC Capital Partners has exited HK$1.45 billion ($187 million) worth of shares in Samsonite International as part of a HK$2.24 billion sell-down with fellow investor Royal Bank of Scotland (RBS).
DCM invests in Chinese game developer Cmune
DCM has provided an undisclosed amount in Series A funding to Cmune, a China-based developer of 3D social games. The company is best known for UberStrike, which claims to the most popular first-person-shooter game on Facebook with 1.4 million monthly...
Accel Partners leads Series C round for India's ScaleArc
Accel Partners has led a $12.3 million round of Series C funding in ScaleArc, a database infrastructure software company founded by Mumbai entrepreneur Varun Singh.
Aditya Birla makes partial exit from CARE Rating
Aditya Birla Private Equity has sold a 1.2% stake in Credit Analysis & Research (CARE), a newly listed Indian credit rating company, for INR310 million ($5.7 million). The firm originally owned 4.27% of the company.
Catalyst acquires RBI Australia
Catalyst Investment Managers has acquired Reed Business Information Australia (RBIA) from parent company Reed Elsevier. RBIA, a local unit of the B2B publisher's Reed Business Information (RBI) division, owns titles including Money Management, Australian...
Buyout firms chase Warburg’s Alliance Tire stake - report
Private equity investors are said to be eying Alliance Tire Group after Warburg Pincus put a 70% stake in the Indian tire manufacturer on the block. Should the transaction go through, the price is likely to exceed $500 million, making it one of India’s...
CVC in talks to buy Philippines BPO asset – report
CVC Capital Partners is reportedly in exclusive talks to buy a majority stake in SPi Global Holdings from Philippine Long Distance Telephone (PLDT). The deal is worth about $320 million including debt.
Clearwater Capital increases stake in India's Kamat Hotels
Clearwater Capital Partners has acquired an additional 9% stake in Mumbai-based hospitality company Kamat Hotels in an open offer, bringing its total stake to 41.3%.
Fidelity invests in India's Richcore Lifesciences
Fidelity Growth Partners India has invested INR300 million ($5.5 million) for a majority stake in Richcore Lifesciences, a Bangalore-based enzyme developer.
Matrix Partners India invests in Mswipe
Matrix Partners India has led the first institutional round of funding in Mswipe Technologies, a mobile payment services provider based in Mumbai.
Apax exits IEE to Chinese investors
Apax Partners has agreed to sell Electronics & Engineering (IEE), a Luxembourg-based developer of specialized sensing systems, to a consortium comprising Chinese strategic investors and an international financial investor.
Actis invests in Chinese medical equipment manufacturer
Actis has entered China’s healthcare space by purchasing a significant minority stake in Nanjing Micro-Tech, a manufacturer of specialist medical equipment used in hospitals and surgeries.
SIDBI Venture Capital to exit India's HHV Solar
SIDBI Venture is set to exit HHV Solar following the Indian company's INR220 million ($3.9 million) investment from Swelect Energy Systems, a Chennai-based power electronic and renewable energy firm.