Investments

CPPIB acquires interests in two Australian shopping malls

Canada Pension Plan Investment Board (CPPIB) has acquired interests in two Australian shopping centers through a A$436 million ($450 million) investment in AMP Capital Retail Trust. CPPIB now has a 37% stake in the trust, which in turn owns 50% of Macquarie...

Carlyle completes first Southeast Asia deal

The Carlyle Group has made its first investment in Indonesia, reportedly buying a stake of around 25% in telecom towers operator Solusi Tunas Pratama (STP) for $100 million. The private equity firm confirmed to AVCJ that it had completed its debut transaction...

Australia’s RMB invests in card producer Placard

RMB Capital Partners, an Australian mid-market private equity firm backed by South Africa's FirstRand, has led an investment in Placard, a Melbourne-based producer of secure transaction cards. It is partnering with the existing owner and management team,...

Mayfield backs Indian Incubator AngelPrime

Mayfield Fund will take a majority interest in AngelPrime, a Bangalore-based incubator. The investment will be used to support operations as well as seed capital for companies that AngelPrime plans to incubate over the next three years.

CHAMP PE completes Gerard Lighting take-private

CHAMP Private Equity has completed the A$186 million ($192 million) buyout of Australian light fittings distributor Gerard Lighting Group. The company will de-list from the Australian Stock Exchange at the close of today’s trading, just over two years...

Champ PE makes lower offer for Eye Corp

CHAMP Private Equity’s portfolio company oOh!media has made a revised offer of A$110 million ($114 million) for Eye Corp, Ten Network Holdings’ outdoor advertising business.

CHAMP Ventures enters lonely waters

The Torres Strait separates the northern tip of Queensland from Papua New Guinea. It contains more than 270 small islands, most falling under the jurisdiction of Australia, and of which only a handful are inhabited. Cairns, the nearest urban center, is...

J-Star sees 3x return on consolidation play

Fierce competition among the middle-men in Japan’s pharmaceutical industry has created a healthy environment for private equity firms looking to consolidate a fragmented sector. Last week J-Star exited Apo Plus Station (APS) after a two-year holding...

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Asia’s untapped VC market

Southeast Asia has potential as a venture capital market, but fragmentation and the absence of large, self-sustaining entrepreneur communities are obstacles to growth

Q&A: Paul Capital's Bryon Sheets

Bryon Sheets, a US-based partner with Paul Capital who leads secondary private equity coverage, talks to AVCJ about spinning out captive teams in North America and Europe, and the prospects for doing the same in Asia

FLAG buys Asian fund-of-funds Squadron Capital

Asia-focused fund-of-funds Squadron Capital has been sold to FLAG Capital Management. The acquisition will take US-based FLAG’s assets under management to $6 billion, up from $4.5 billion, and broaden its product offering across private equity, venture...

India’s Rain Commodities buys Triton-owned Rütgers

Indian industrial group Rain Commodities has agreed to buy Rütgers, a German chemicals producer, from Northern Europe-focused private equity firm Triton. With an enterprise value of EUR702 million ($918 million), the deal is by some distance the largest...

CHAMP Ventures in marine logistics buyout

CHAMP Ventures as acquired a majority interest in Sea Swift, an Australian marine logistics company that delivers supplies to remote island and coastal communities and resource development outposts. HarbourVest Partners is participating as a co-investor.