Investments
L Capital pulls out of deal to buy India's Lilliput Kidswear
L Capital, the private equity arm of luxury group LVMH, has pulled out of the running to buy Lilliput Kidswear, according to the Indian clothing manufacturer's founder. The deal was expected to value the company at INR11 billion ($197 million), with L...
Asahi says it paid too much for PE-backed Independent Liquor
Asahi Group is re-examining the terms of its NZ$1.5 billion ($1.27 billion) acquisition last year of Independent Liquor from Pacific Equity Partners (PEP) and Unitas Capital, suggesting there were differences in understanding between the buyer and sellers...
Xander invests $600m in real estate platform
Emerging markets private equity firm Xander Group has channeled a $600 million investment into Indian retail real estate asset platform Virtuous Retail.
Crest Capital acquires 51% of Australia's Questus
Singapore-based Crest Capital Asia has agreed to recapitalize Western Australia’s Questus in exchange for a 51% stake in the investment company.
KKR adds two India firms to green portfolio program
KKR India portfolio companies Bharti Infratel and Dalmia Bharat Cement are among the new additions to the private equity firm’s green portfolio program. The initiative, which now covers about 30% of KKR’s global portfolio, is designed to identify opportunities...
Macy's invests $15m in China's VIPStore
Macy’s, the US department store operator, has invested $15 million in VC-backed Chinese e-commerce firm VIPStore. As part of the deal, Macy’s will sell private brand merchandise through omei.com, VIPStore’s luxury retail site.
Warburg Pincus leads $32m round for Quikr
Warburg Pincus has led a $32 million investment round for India’s largest horizontal classifieds platform, Quikr. Existing venture backers Matrix Partners India and Norwest Venture Partners (NVP) also subscribed to the round.
CVC sells $1.6b stake in Formula One ahead of Singapore IPO
CVC Capital has sold a $1.6 billion stake in Formula One Group to BlackRock, Waddell & Reed and Norges Bank Investment Management ahead of its planned IPO in Singapore.
Fairbridge Capital acquires Thomas Cook India for $150m
Fairbridge Capital, a subsidiary of Fairfax Financial Holdings, has acquired the Indian arm of Thomas Cook, the second-largest holiday maker in Europe, for INR8.17 billion ($150 million).
Helping corporate China go abroad
"Do you have a handle on your own management capabilities? Have you analyzed the cultural differences of the two sides? Do you understand the relationship between unionized labor and management in that place? If the other side's engineers resign, are...
TPG to invest in bankrupt Japanese apartment developer
TPG Capital has agreed to buy bankrupt Japanese apartment developer Joint Corp. alongside property consultancy Savills. The news comes after the private equity firm reportedly considered investments in two other distressed assets in Japan, Olympus Corp....
KKR raises one-third of $6b Asia fund – report
KKR has reportedly attracted commitments of $2 billion in the first round of capital raising for its new Asia fund, which has a final target of as much as $6 billion. The news comes after The Carlyle Group made initial approaches to investors regarding...
Everstone Capital invests in Helion-backed R&R Salons
Everstone Capital has purchased a significant stake in R&R Salons, which operates the YLG salon chain across India. The capital raised will be use for further business expansion.
Hahn & Co. buys Korean cement firm out of bankruptcy
One of the standout PE investment trends in Korea is taking ownership of assets from second-tier conglomerates that have run into difficulty and are forced to divest non-core assets. MBK Partners acquired Kumho Rent-A-Car in this fashion and it was also...
Accel, Helion back Series A round for TaxiForSure
Accel Partners, Helion Venture Partners and seed investor Blume Ventures have backed a Series A round of funding for India’s Serendipity Infolabs, which runs online taxi booking site Taxiforsure.com.
PE giants sell AMC Cinemas to China's Wanda for $2.6b
Private equity firms Apollo Global Management, Bain Capital, CCMP Capital Advisors and Spectrum Equity Capital have sold AMC Entertainment, owner of the eponymous cinema chain, to China’s largest entertainment group for $2.6 billion. The deal is thought...
IDM Venture Capital backs online gaming network
Singapore-based firm IDM Venture Capital has led a $3 million funding round for Xfire, an online social platform that for PC-based gamers. The funding will be used for Xfire’s expansion into Asian territories.
Nippon Mirai Capital in ALC buyout
ALC Press, a listed language-focused educational service provider, has approved a tender offer from Nippon Mirai Capital and plans to go private.
Baird Capital invests in Chinese refrigerated trucks manufacturer
Baird Capital Partners Asia, the China-focused private equity fund of Baird Private Equity, has invested in Chinese truck maker Henan Bingxiong Refrigerated Truck (also known as Ice Bear).
PE-owned oOh!Media tipped to buy Ten's outdoor ad business
Australia’s Ten Network Holdings has entered into exclusive negotiations with a bidder for its outdoor advertising business, Eye Corp. The company didn’t disclose the identity of the bidder, but it is thought to be oOh!Media Group, which was bought by...
Globis leads $3.6m Series A round for quiz developer
Globis, the Japanese venture capital firm, has led a GBP2.3 million ($3.6 million) Series A round of funding for Quipper, a UK quiz applications manufacturer. Benesse, a Japanese education and publishing company, and Atomico, the VC firm led by Skype...
Carlyle to sell Ta Chong for $1.25b - report
The Carlyle Group looks set to sell its 40% stake in mid-sized Taiwanese lender Ta Chong Bank to Yuanta Financial in a deal which could value the bank at up to T$37 billion ($1.25 billion).
PEP seeks buyers for Link Group – report
Pacific Equity Partners (PEP) has reportedly begun the auction process for Link Group, which could sell for as much as A$1.4 billion ($1.4 billion), including debt. It is poised to be Asia’s biggest private equity exit of the year.
Alibaba to buy back 20% of Yahoo's stake for $7.1b
Alibaba Group has agreed to repurchase about a 20% stake in itself from Yahoo for $7.1 billion ahead of an initial public offering. The US internet company bought 40% of Alibaba - founded by Jack Ma (pictured) - in 2005, paying $1 billion plus ownership...