Investments
Aureos boosts NEP with $5m
Aureos South-East Asia Managers has injected $5 million in Malaysian water filtration company NEP to help expand its water filter rental scheme to China and throughout the ASEAN region.
Khazanah exits India’s Yes Bank
Malaysian sovereign wealth fund Khazanah Nasional has sold the 4.2% stake it acquired from ChrysCapital and other investors in India’s Yes Bank for INR5.3 billion ($106 million).
Providence buys Hathway Cable stake
US-based private equity firm Providence Equity Advisors has jointly invested INR3.58 billion (US$71.36 million) with Macquarie Bank for a 17.3% stake in India’s Hathway Cable & Datacom.
Blackstone, PAI prepare for United Biscuits carve-up
Private equity-owned United Biscuits, a one-time target of China’s Bright Food Group, is preparing to spin out its salty snacks business in a potential GBP500 million ($780 million) sale. The Blackstone Group and PAI Partners are keen to separate the...
Warburg Pincus, IFC commit $50m to Au Financiers
Warburg Pincus and International Finance Corp. (IFC) have jointly invested $50 million in Au Financiers, an Indian non-banking finance company. IFC’s participation means its stake in the company will remain the same, while Motilal Oswal Private Equity,...
PEP wants investment partner for Link – report
Pacific Equity Partners (PEP) is reportedly looking to raise additional capital for portfolio company Link Group, which is valued at some A$1.4 billion ($1.48 billion).
ADIA to seek direct deals in India’s property sector
Abu Dhabi Investment Authority (ADIA) plans to make direct investments into Indian real estate rather than operate through third-party private equity and property fund managers.
VPCP and Citi back InvestLab with $10m
VantagePoint Capital Partners (VPCP) and Citigroup subsidiary Citi Ventures have led a $10 million Series A funding round for Hong Kong-based financial technology company InvestLab.
CVC’s Mantra on the block
Private equity house CVC Asia Pacific has put its 40% stake in Australian accommodation provider Mantra Group up for auction.
Columbia Capital invests $20m in Cloud Sherpas
US venture capital firm Columbia Capital has invested $20 million in Cloud Sherpas, a newly merged cloud computing solutions provider focused on Asia Pacific and the US.
SAC, GE biding time over Cosmos Bank exit
Alternative asset managers SAC Capital and GE Capital are reportedly biding their time over an exit from Taiwan's Cosmos Bank, in the hopes of generating at least $1.15 billion from a sale.
Harvey Norman and Specialty Fashion top targets for PE – Citi
Australian retailers Harvey Norman and Specialty Fashion Group are strong targets for a private equity takeover, according to Citigroup.
Catalyst exits Aperio for $251 million
Catalyst Investment Managers has reached an agreement with Amcor to sell its stake in Aperio Group, Amcor’s largest rival in the Australian flexible packaging market, in a transaction worth A$238 million ($251 million).
Australia’s Elcano Capital hits the fundraising trail
Australian venture firm Elcano Capital is seeking to raise capital from small investment funds to finance its planned investments into early stage companies.
Warburg Pincus and GA in talks to invest $200m in Aegis
US-based Warburg Pincus and General Atlantic (GA) are in talks to invest as much as $200 million for a stake in Aegis, the IT services arm of Indian industrial conglomerate Essar Group.
CVC plans to sell Nine ticketing arm
CVC Asia Pacific is seeking buyers for Nine Entertainment's ticketing arm in order to generate funds that will be used to restructure the media group’s A$2.7 billion ($2.9 billion) in senior debt, which is due for repayment next February.
Sequoia, Accel sell Amobee to SingTel
Sequoia Capital and Accel Partners have agreed to sell US-based mobile advertising start-up Amobee to SingTel, Southeast Asia’s largest cell phone company, for $321 million.
CDH, CITIC, New Horizon buy Luye Pharma from MBK
CDH Capital, Citic Private Equity and New Horizon Capital, three of China's largest private equity firms, have bought Luye Pharma from Korea-based MBK Partners.
Infinity backs Chinese specialist chip maker
Infinity Group, the Israel-based private equity firm created by China Development Bank and Israeli conglomerate IDB Group, has committed RMB8 million ($1.2 million) to Solorein Technology. It is the first investment made through Infinity’s Chengdu Shuangliu...
L Capital to invest $150m in Raymond Apparel - report
L Capital Asia, the private equity arm of LVMH, the world's largest luxury goods group, is said to be in talks to invest INR7.5 billion ($150 million) in Indian clothes company Raymond Apparel.
VC-backed Komli Media bolts on Admax
Komli Media, the Indian media technology company backed by Norwest Venture Partners, has completed the bolt-on acquisition of digital media network.Admax.
Japan’s Asahi favorite to buy StarBev from CVC – report
Asahi has reportedly emerged as the frontrunner to buy east European brewer StarBev from CVC Capital Partners in a deal worth up to $3 billion. It is another indication of Japanese corporates’ interest in expanding overseas, offering an exit opportunity...
Gaja backs Indian auto sales network
Gaja Capital Partners has committed INR850 million ($17.3 million) to Carnation Auto, India’s largest independent multi-brand auto sales and service network. The capital will be used to consolidate Carnation’s service business and expand its secondhand...
JC Flowers circles ING Asia assets - report
US private equity firm J.C. Flowers is said to be considering a bid for the Asian insurance assets being sold by ING Group.