Investments
INCJ participates in Toshiba buyout of Switzerland's Landis+Gyr
Innovation Network Corp. of Japan (INCJ), a government-backed private equity firm, will pay $680 million for a 40% stake in Swiss electronic-metering company Landis+Gyr. It is a joint acquisition with Toshiba Corp. taking the remaining 60% of the target...
KEXIM to sell KEB stake as part of Lone Star transaction
Export-Import Bank of Korea (KEXIM) will sell a 6.25% stake in Korea Exchange Bank to Hana Financial Group as a “tag along” to Hana’s purchase of Lone Star’s holding in the bank, according to Yonhap, a South Korean news agency. The tag along right is...
Infrastructure India makes bid for wind farm operator
Specialist investment firm Infrastructure India has reportedly launched a takeover bid for independent power firm Indian Energy. Its offer is said to value the company at $12.8 million.
IDFC takes minority stake in GVR Infra
IDFC has invested INR150 crore ($40 million) into GVR Infra Projects, an unlisted engineering and construction firm, for an undisclosed significant minority stake.
DRC to delist mountain equipment maker Kojitsu
DRC Capital, a Tokyo-based mid-size buyout firm, will de-list Japanese mountain equipment maker and retailer Kojitsu from Osaka JASDAQ in a deal thought to be worth JPY3.14 billion ($40 million).
CLSA invests $20m in Indonesian auto financing firm
CLSA Capital Partners (CLSACP) has agreed to pay $20 million for a minority stake in PT Sinar Mitra Sepadan Finance (SMS Finance), an Indonesian auto financing firm.
Former Lone Star head in Korea taken into custody
Paul Yoo, the former head of Lone Star in South Korea, has been detained after a Korean judge labeled him a flight risk amid allegations that he, Lone Star and the Korean Exchange Bank (KEB) manipulated KEB's stock prices.
Hony takes 20% stake in Japan's Tokai Kanko
China-based Hony Capital has taken a 20% stake in hotel chain operator and real estate investor Tokai Kanko for approximately JPY1.4 billion ($17.8 million).
Strategic Ventures sees 4x return on CBaySystems stake sale
Strategic Ventures Fund (SVF), a Mauritius-based private equity fund managed by Frontline Strategy Limited, has sold its stake in in Indian clinical-services outsourcing specialist CBaySystems, for a 4x return on its original investment, AltAssets reported....
IDG India invests $3m in mobile advertising company
IDG Ventures India has invested $3 million in mobile advertising company Vserv as part of a first round of institutional funding.
Lone Star to begins Tokyo Star divestment process - report
US-based buyout fund Lone Star has begun preparations to divest its 30% stake in Japanese lender Tokyo Star Bank, Reuters reported, adding that Lone Star has asked investment banks to submit proposals to advise on the potential sale.
Lone Star exits Tokyo retail property to Hulic
Lone Star's sale of YODOBASHI MULTI Media Kichijoji, a commercial complex building in a west Tokyo suburb, to real estate investment firm Hulic is no ordinary transaction. Hulic is paying an estimated JPY30 billion ($381 million) for the asset but is...
China's farms show growth potential
Got milk? Olympus Capital Holdings Asia certainly has – more than 72,000 tons of it, in fact. The private equity firm, with co-investors Mueller Milch Management and unnamed existing investors, last week took an undisclosed significant minority stake...
Collins rescues Angus & Robertson
Book, Entertainment and Stationary vender REDGroup Retail is a blot on Australia’s private equity landscape. With Collins Booksellers agreeing to buy a number of its bankrupt rival’s Angus & Robertson (A&R) franchises, perhaps the blot can finally be...
European banks tipped to dispose $45m in PE assets by 2014
European banks could divest up to $45 billion in private equity assets within three years, according to Thomas Liaudet, a partner at Campbell Lutyens. Financial institutions are looking to rid themselves of non-core assets as they restructure their businesses...
LaSalle boosts Australia assets to $1.8b with acquisition of Trinity Funds Management
LaSalle Investment Management has agreed to acquire Trinity Funds Management(TFM) from Australian property groups Trinity Group and Clarence Property Corp for A$9.25 million ($9.9 million) plus the net assets of the business.
China's HNA Group tipped to win bidding war for GE SeaCo
Chinese conglomerate HNA Group is likely to outbid private equity firm Kelso for container leasing business GE SeaCo, the Financial Times reported. The company has been put up for sale by General Electric (GE) and its joint venture partner and could fetch...
Trinity Capital sells stake in Indian property project back to Keystone
Trinity Capital has sold its 16% stake in Kapstone Constructions, a subsidiary of Mumbai-based developer Keystone Realtors, back to the parent company for about £12.6million ($20.2million). The sale comes five years after the UK-based real estate fund...
Affinity makes final bid for Australian meats firm
Affinity Equity Partners has submitted a final bid for a controlling stake in Primo Smallgoods, a source close to the deal has told AVCJ. Earlier reports suggesting that the bid for the Australian meat products company amounts to A$580 million ($622 million)...
India's Globals ITes receives first round of strategic funding
Globals ITeS, a Hyderabad based company that develops technology solutions for the education industry, has received funding from Mauritius-based Encore Operating Partners and 1886 Investments, an investment unit of the UK's Commonwealth Education Trust....
PEP-backed Collins Food raises $216m through IPO
Collins Foods, the Australian fast-food group owned by Pacific Equity Partners, has raised A$201.8 million ($216.6 million) after pricing its IPO at the bottom of the indicative range, Reuters reported. It is still the largest domestic offering of the...
TLC Capital boosts stake in Uganda-based Indian pharma JV
TLG Capital has increased its stake in Quality Chemicals Industries(QCIL), the Uganda based pharmaceutical manufacturer owned by India’s leading pharmaceutical company CIPLA and Uganda-based Quality Chemicals.
CHAMP wants Bright Food to pay $638m for Manassen
CHAMP Private Equity is looking to sell Australia’s Manassen Foods to China Bright Food Group for around A$600 million ($638 million), Dow Jones reported, citing people familiar with the matter. An IPO remains a possibility if the trade sale doesn’t come...
Temasek eases exposure to Chinese banks
The timing of Temasek's sell-down of a partial stakes in Bank of China and China Construction Bank certainly raised eyebrows. Singapore’s second-largest sovereign wealth fund made its move hours after Moody’s warned that the scale of local government...