Investments
INCJ expects more overseas deals in 2012
Innovation Network Corp of Japan (INCJ) has said that it plans to invest more in overseas acquisitions by Japanese companies this year.
Beacon India buys 1% of Bay Capital-backed Sterling
Growth capital firm Beacon India Private Equity has acquired close to 1% of listed hospitality firm Sterling Holiday Resorts, which is backed by Bay Capital Investments.
Lunar Capital backs Chinese babywear firm
China-focused private equity firm Lunar Capital has backed the management buyout of babywear company China Yeehoo Apparel for an enterprise value in excess of $100 million.
‘Sweat equity’ wins Lunar $100m Yeehoo deal
China-focused private equity firm Lunar Capital has backed the management buyout of babywear company China Yeehoo Apparel for an enterprise value in excess of $100 million.
Big money deal for big data giant Mu Sigma
The amount of data in the world doubles every 18 months. Thanks to social networking, internet-enabled mobile phones and government surveillance, five times more digital information will be created this year than in 2008, according to market intelligence...
Fourth quarter analysis: The end of multiples arbitrage?
Fourth-quarter analysis: Growth capital investments flounder; established GPs thrive in difficult markets; trade and secondary sales fail to pick up the capital markets slack.
The changing face of Asia cleantech
New energy investment is becoming more specialized and service-oriented. Are venture capital firms moving fast enough, and far enough, to stay ahead of the game?
The irresistible rise of corporate VC
Corporate venture capital units are the elephant in the room. No matter where you tread in the VC sphere, these operators make an appearance – but rarely in the same form.
Baring buys stake in NYSE-listed Ambow Education
Baring Private Equity Asia has acquired a stake in Chinese education services provider Ambow Education Holding in conjunction with the company's management.
PEP to stick with $730m offer for Spotless
Pacific Equity Partners (PEP) said its $730 million bid is a compelling offer for Spotless Group, in a move which appears to rebuff the cleaning services company’s demand for a higher price.
KKR in takeover bid for Australia’s PacBrands
KKR has launched an unsolicited takeover bid for listed Australian clothing and related consumer brands wholesaler Pacific Brands (PacBrands).
GA invests $125m in India’s Fourcee
General Atlantic (GA) is investing up to $125 million for a minority stake in Fourcee Infrastructure Equipment, a Mumbai-based logistics firm.
Arcapita seeks Polygel exit - sources
Bahrain-based investment company Arcapita Private Equity is planning to sell its 8% stake in Polygel Industries, an Indian manufacturer of cable gels.
Catalyst could sell Aperio for $256m by February
Catalyst Investment Managers could complete the sale of its packaging business Aperio Group to a trade buyer by February, according to a source.
Indian medical equipment company seeks PE funding
Sutures India, a Bangalore-based medical equipment manufacturer is seeking $25-40 million from private equity investors. The funds would be used for expansion and other purposes, but as yet no mandates have been given investment banks.
CLSA Capital Partners backs Chinese spandex producer
CLSA Capital Partners has purchased a minority stake in Artex Fiber, one of China’s largest spandex producers. The RMB250 million ($39.5 million) investment was made through ARIA Investment Partners III, a $333 million vehicle that focuses on growth...
PE-backed Indian power companies plan solar plants
Adani Group, whose publicly listed power subsidiary is backed by 3i Group, has commissioned India’s largest solar power project in what is its first foray into the renewable energy sector. The project at Kutch in Gujarat has an initial capacity of 40...
Sabre sells Australia’s Fudge hair care to PZ Cussons
Sabre has sold Australia’s Fudge hair care brand to PZ Cussons, the company behind Imperial Leather Soap, for GBP25.5 million ($39.5 million). The acquisition is intended to increase PZ Cussons’ exposure to the male grooming sector. Its product portfolio...
Jordan completes exit from Chinese mining machinery firm
The Jordan Company, a mid-market private equity firm, has concluded the sale of its holding in Chinese coal mining equipment manufacturer International Mining Machinery (IMM) to Joy Global. Regulatory approval was granted in December to a deal struck...
Sequoia, Baring in talks to sell Coastal Projects
India’s Coastal Projects, which is backed by Sequoia Capital and Baring Private Equity Asia among others, is reportedly in talks with German firm Hochtief about a possible sale of the business.
Carlyle shortlisted for Brambles Recall unit - report
The Carlyle Group has reportedly been shortlisted as a potential suitor for Recall, the document management business put on the block by Australia’s Brambles last spring.
TFG Radiant to increase holding in US solar panel maker
TFG Radiant, a joint venture between Chinese property developer Radiant Group and Singapore-based investment company Tertius Financial Group, will increase its stake in Ascent Solar Technologies. The purchase will take its holding in the company to approximately...
Indian regulator unveils plans to help promoters reduce holdings
The Securities and Exchange Board of India (SEBI) has released proposals designed to make it easier for entrepreneurs or promoters to lower their stakes in companies in order to meet minimum public shareholding limits. Share buybacks via tender offers...
GA, ChrysCapital-backed Hexaware valued at $700m
General Atlantic (GA) and ChrysCapital have seen Hexaware Technologies, the IT services provider they put on the block several months ago, achieve a speculative valuation of $700 million.