Investments
Navis plans for King's Safetywear exit - report
Navis Capital seeking buyers for Southeast Asian footwear brand King’s Safetywear.
Mitsubishi, Creat JV fund closes in on first deal
Mitsubishi Corp-backed Kizuna Capital Partners has identified 5-6 potential companies for the debut investment of its $120 million private equity fund and plans to close a transaction by the end of the first quarter of 2012. The alternative energy, medical...
Headland completes deals in Singapore, South Korea
Headland Capital Partners has taken a minority stake in Miclyn Express Offshore (MEO), which supplies vessels to the oil and gas industry, and backed existing portfolio company Unison eTech (UET) in the acquisition of another South Korean construction...
Blackstone claims capacity to invest up to $800m a year in India
The Blackstone Group has the capacity and ability to deploy $500-800 million ever year in India if the macroeconomic environment and other factors stay favorable, according to Akhil Gupta, who oversees the firm’s India operations.
Dysentery delays Bain’s buyout of restaurant chain Skylark
Bain Capital’s acquisitions of Japanese restaurant chain Skylark from Nomura Principal Finance has been put on hold after an outbreak of dysentery led to the closure of 120 outlets in late August.
Quadrant seeks partial exit from New Zealand’s Summerset
Quadrant Private Equity plans to list Summerset, New Zealand’s third-largest retirement village company, in November but is likely only to exit 30% of its 97% stake in the company following recent market volatility.
AXA buys $500m in LP interests from Mizuho – report
AXA Private Equity has agreed to buy LP interests worth $500 million from Mizuho Financial Group. The commitments concern about 20 US and European buyout funds managed by the likes of Blackstone Group, KKR, BC Partners and EQT Partners.
Chinese luxury goods website raises seed round of financing
Parkview Ventures and Mousse Partners have participated in the seed round of financing for Chinese e-commerce company Hui She Shang, also known as The Luxury Club. The company offers Chinese consumers authentic and brand-authorized luxury goods – including...
CNEI commits $8m to Chinese grooming products firm
China New Enterprise Investment (CNEI) has committed $8 million to Men’s Life, which designs and distributes a range of skin care and post-shaving products to male consumers in China.
South Korea’s Hanwha backs US solar firm OneRoof Energy
South Korea’s Hanwha International has led a $50 million round of financing for residential solar company OneRoof Energy, which works directly with roofers to lease and install residential solar power systems.
Unitas on course to exit Exego to US-listed Genuine Parts
Exego Group, an Australian auto parts distributor owned by Unitas Capital, has sold a 30% stake in itself to US-listed Genuine Parts Company for around $150 million in cash. The transaction will take the form of a new share issue, with Genuine Parts carrying...
Blackstone to exit first Chinese property investment
Blackstone Group has agreed to sell its 95% stake in Shanghai’s Channel 1 shopping mall to Hong Kong-based property group New World Development for RMB1.46 billion ($229 million).
Private equity firms invest in China's Alibaba Group
Silver Lake and DST Global will invest in leading Chinese technology firm Alibaba Group as part in order to provide liquidity to Alibaba employees. Chinese private equity firm Yunfeng Capital, which was founded by Alibaba founder Jack Ma, and Singapore...
PEP set to approach potential buyers of Griffin’s Foods
Pacific Equity Partners (PEP) will approach potential buyers for Griffin’s Foods in the next week or two, setting up a deal that has been valued at up to A$750 million ($735.7 million) including debt.
Samsung C&T confirms talks with Apollo over Parallel Petroleum
Samsung C&T Corp. confirmed Thursday that it is in talks to buy US oil company Parallel Petroleum from Apollo Global Management. In a statement to the South Korean Stock Exchange, Samsung C&T noted that the parties have yet to reach a definitive agreement.
Foster's accepts SABMiller takeover bid
SABMiller is to acquire Australian brewing giant Foster’s Group for A$9.9 billion ($10.2 billion). The takeover comes three months after Foster's Group rejected an A$9.5 billion bid by the UK label, branding it as too low.
Franklin Templeton commits $9m to Indian pharma firm
Franklin Templeton Private Equity Strategy (FTPES) has invested INR450 million ($9.2 million) in Symbiotec Pharmalab, a company that produces active pharmaceutical ingredients. Details of the transaction were not disclosed.
InMobi tools up for Google, Apple battle
Mobile advertising network InMobi seeks to position itself as an alternative to Google and Apple. Now the company has capital to reinforce its claim.
Zhenai receives backing from Match.com
Match.com hopes that Chinese dating website Zhenai.com is an investment match made in heaven.
GIC reaches agreement with Paulson & Co. over hotel assets
Government of Singapore Investment Corp. (GIC) has reached a settlement with MSR Resorts, a hotel group owned by hedge fund Paulson & Co. Under the settlement, which was approved by a US bankruptcy court judge on Tuesday, GIC will cease its near-term...
TPG, Farallon linked to GTL Infrastructure acquisition
TPG Capital and Farallon Capital are among the private equity investors interested in telecom tower business GTL Infrastructure. Sources told The Economic Times that a PE-led consortium of telecom player is the most likely buyer of the company, which...
Clove Capital targets $250m Southeast Asia growth fund
Clove Capital Partners, a spin out from EMP Global’s Asia business, plans to raise a $250 million growth capital fund that will target mid-size companies in Southeast Asia. It will principally focus on Indonesia, the Philippines and Thailand, with Malaysia...
CVC considers US bond issue to cover Nine Entertainment debt
CVC Asia Pacific may service Nine Entertainment’s A$3.5 billion ($3.7 billion) in debt by raising more debt from private investors in the US. It is thought that a “144A” bond issue would raise $500 million to $1 billion that would go toward reducing...
Former CalPERS manager sets up legacy asset consultancy
A former senior portfolio manager at CalPERS has launched a company focused on helping institutional investors maximize value from non-core and underperforming legacy alternative investments.