Investments
Permira buys Japan’s Sushiro from Unison
Global buyout firms see potential in cash-rich Japanese corporations that can be guided overseas.
China portfolio management: Accounting on the wild side
As private equity firms pay more attention to financial management and value-add in Chinese portfolio companies, recruiting a CFO with the right blend of skills and experience is vital – but difficult
Permira sells over half of its stake in Galaxy Entertainment
Permira has exited over half of its remaining stake in Hong Kong-listed Galaxy Entertainment Group for HK$5.855 billion ($755 million). The transaction involves a 6.65% stake in the company and the shareholdings of Permira funds have reduced to 5.95%...
India Value Advisors to invest $179m in Manipal Hospitals
India Value Advisors (IVFA) will commit about INR10 billion ($179 million) to Manipal Hospitals over a three-year period, enabling the healthcare provider to more than double its hospital bed capacity. Part of this increase will come through acquisitions.
Hellman & Friedman sells Goodman to Japan’s Daikin
US-based private equity firm Hellman & Friedman has sold its air conditioner maker, Goodman Global, to its Japanese rival, Daikin, for $3.7 billion.
Renesas shares spike on report of KKR investment
Shares in Japan’s Renesas Electronics Corp. have soared to their highest level in almost three months after it was reported that KKR will invest JPY100 billion ($1.3 billion) in the company.
SCPE scores proprietary cryogenic storage deal
A captive private equity firm has a number of advantages. Fundraising is never an issue, there is an abundance of manpower and the parent’s contacts can be leveraged for deal origination purposes.
Actis backs Chinese kitchen equipment designer
Emerging markets private equity firm Actis has invested in Vesta, a major Chinese commercial kitchen equipment company.
VC-backed Flipkart raises Series D round of funding
Indian online retailer Flipkart has completed a Series D round of funding from new investors MIH, part of the South Africa-based media platform Naspers, and San Francisco-based ICONIQ Capital. Existing backers Tiger Global and Accel Partners also participated.
Cerberus-backed Aozora unveils plan to repay bailout cash
Aozora Bank, the Japanese lender in which Cerberus Capital holds a large stake, has pledged to repay JPY227.6 billion ($2.9 billion) in bailout money received during Japan’s financial crisis. The sum will be repaid over a 10-year period ending before...
SMC Capital backs Chinese horse-breeding company
SMC Capital China, a subsidiary of Hong Kong-based private equity and alternative asset manager Simon Murray Group, will invest an initial RMB60 million ($9.4 million) in a joint venture with Khorchin Rider Horse.
Sequoia exits Cafe Coffee Day stake in founder buy-back
Sequoia Capital India has sold its stake in Amalgamated Bean Coffee Trading, the unit of India’s Coffee Day Group that runs the flagship retail chain, Café Coffee Day.
Permira acquires Unison’s stake in Akindo Sushiro for $1b
Permira, through its Ireland-based vehicle Consumer Equity Investments (CEIL), has acquired Unison Capital’s stake in Akindo Sushiro, a leading Japanese sushi restaurant. The deal values the company at $1 billion, including debt.
Warburg Pincus sets up JV to restructure Titan Petrochemicals
Warburg Pincus affiliate Saturn Petrochemical and SouthernPec Corporation have formed a joint venture to restructure portfolio company Titan Petrochemicals Group. It comes after China's Guangdong Zhenrong Energy made a HK$175 million ($22.57 million)...
KKR sells Unisteel to Swiss trade buyer
KKR has sold its Singapore-based disk drive components and assemblies manufacturer, Unisteel Technology, to Swiss trade buyer SFS intec, a unit of SFS Group.
Archer Growth prepares for Cura Day exit – report
Archer Capital Growth is reportedly preparing to exit Cura Day Hospitals Group. The Australian GP helped found the company in 2008, having teamed up with a group of doctors and medical specialists who manage and work at its nationwide network of day hospitals.
Billabong still in talks with TPG, presents turnaround strategy
Australian surfwear company Billabong International is understood to be continuing discussions with TPG Capital over a A$694 million ($723 million) buyout offer, even as it unveiled a turnaround strategy regarded as a move to preserve its current status.
Just Dial re-files for IPO, VCs plan partial exit
Just Dial, the Indian online listings provider, has filed for a domestic IPO that will see its venture capital investors exit a portion of their holdings. After an earlier attempt to list was shelved due to market uncertainty, the company completed a...
JAFCO invests $5m into VC-backed Bubble Motion
JAFCO Asia has invested $5 million in Bubble Motion, a voice blogger service provider backed by venture capital players including Sequoia Capital.
MAVCAP forms alliance with regional partners
VC firm Malaysia Venture Capital Management has agreed a co-investment partnership with three foreign VC firms and another Malaysian company. The foreign firms are located in China, South Korea and the US.
Fidelity Growth invests $20m in US-based AbsolutData
Fidelity Growth Partners India has committed $20 million to AbsolutData, a San Francisco-based data analytics services provider. The investment will be used to scale up its global delivery footprint.
CVCI backs Cox & Kings unit with $137m
Citigroup Venture Capital International (CVCI), the private equity arm of Citigroup, has channeled $137.75 million into the UK subsidiary of Indian travel operator Cox & Kings.
Goldman, KKR in talks with Chinese firm over Kion stake sale
Goldman Sachs and KKR are said to be in talks with Shandong Heavy Industry about selling a 25% stake in German forklift truck manufacturer Kion Group.
Carlyle sees rare scale opportunity in Meinian Onehealth
The Carlyle Group was drawn to China’s Meinian Onehealth because it represented one of few true nationwide healthcare services providers in a fragmented market.