Investments
Real estate fund flips Macau office tower
Real estate investment firm Westport Capital Partners and its Hong Kong-based development partner, Tenacity Real Estate Group, have sold a 25-story office building in Macau to an undisclosed buyer for HK$970 million ($125 million).
Walden's chief on making 11 exits in 15 months
Consistent concentration on core investment values is at the heart of their conspicuous success
Bain buys China Fire & Safety
Two months after Nasdaq-listed fire-safety products maker China Fire & Security Group was first approached by global private equity suitors, the company has been sold to Bain Capital for $9 a share, or a total of $265.5 million.
Unison Capital indirectly invest in Japan's realty fund manager
Japanese buyout firm Unison Capital portfolio company MK Capital Management, a real estate asset management company based in Tokyo, has acquired 90% of Atlas Partners Japan Ltd. (APJ), another Japanese real estate fund manager for undisclosed sum.
TPG's Shriram Transport stake said to attract interest from Orix
Japanese financial services group Orix Corp. is the latest player to have reportedly set its sites on TPG’s share in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender, in a sale that could bring in more than INR30...
Fila teams with private equity in leading golf brand buyout
Seoul-based Mirae Asset Private Equity has teamed with Korean sportswear maker Fila to acquire golf business Acushnet Company from NYSE-listed Fortune Brands for more than $1.2 billion.
Elephant Capital invests in India's aviation engineering company
Elephant Capital has acquired a 4.8% stake in Air Works India Engineering Ltd. The AIM-listed company paid £2.45 million($3.93 million) for the stake. Elephant Capital's Mauritian subsidiary, Tusk Investments Fund 1 provided the capital except for £0.44...
PE-backed Witchery to IPO in Oz
Australia’s Gresham's Private Equity is reportedly looking to list its mid-market clothing retail asset Witchery later this year in an effort to raise A$300 million. The move comes in a market where other PE-backed IPOs of Australian companies have largely...
TPG and CNinsure's CEO aim to take full control of the company
Leading private equity firm TPG will team up with Yinan Hu, CEO of Chinese insurance intermediary, CNinsure, to take over the Nasdaq-listed company. The partnership has made proposal to acquire the shares of CNinsure that TPG and Hu did not owns.
Singapore's Silecs received 16 million from venture consortium
Silecs International Pte Ltd, a developer and manufacturer of advanced Siloxane polymers, has raised $16 million in Series E financing from an investment consortium led by Singapore-based EDB Investments Pte Ltd. Other investors in the group include European...
Asia Pacific's happy returns
Asia’s exit market has picked up steam in 2011, but questions remain as to whether timing is optimal
Temasek takes stake in Canadian mining firm
Singaporean sovereign wealth fund Temasek Holding has purchased approximately 11% of publicly listed Canadian mining group Inmet Mining Corporation for CAN$500 million ($511million).
Morgan Stanley-backed China Flooring kicks off Hong Kong IPO
Morgan Stanley Private Equity-backed China Flooring Holding, one of the largest wood flooring brands in China, has launched its initial public offering in Hong Kong, and expects to raise HK$1.57 billion ($201.8 million) in the process.
J-Star ups stake in Apo Plus
Japanese private equity firm J-Star has increased its stake in Apo Plus Station K.K. (APS), a pharmaceutical-focused contract sales organization (CSO) in Tokyo which the firm already two-thirds owns. The size and value of the stake has not been disclosed....
Archer Capital takes majority of V8 Supercars
Sydney-based PE firm Archer Capital will take a 60% stake in V8 Supercars Australia, through its investee Australian Motor Racing Partners.
Navis no longer in line for Malaysian glove maker - reports
Navis Capital Partners has reportedly dropped its pursuit of Malaysian glove maker Latexx Partners Bhd. after parties were unable to meet on acquisition terms, according to Dow Jones.
Carlyle, TPG and Sumitomo Mitsui eye stake in Malaysian lender
Carlyle and TPG have reportedly teamed up to jointly bid for a 25% stake in Malaysia’s RHB Capital, and are said to face off against Japanese financial group Sumitomo Mitsui Banking Corporation to acquire the asset.
New Zealand's Waterman Capital takes half of Working In
New Zealand-based Waterman Capital has reportedly acquired a 50% stake in Working In Ltd., an immigration and employment-information provider, for an undisclosed sum.
PAI sells UK auto company to Japan's Itochu
French private equity fund PAI Partners will sell its UK auto parts portfolio company Kwik Fit to Japanese trading conglomerate Itochu after reportedly receiving EU regulators’ blessing to complete the acquisition.
ICICI Venture takes 10% stake in Indian restaurant chain operator
ICICI Venture, a private equity firm and a subsidiary of ICICI Bank, has acquired a 10% stake in Indian food and beverage chain operator Devyani International Limited for approximately $55.6 million.
TA Associates takes minority stake in Tega Industries in India
TA Associates, a growth-focused private equity firm, has completed a minority investment in Tega Industries Ltd., a company offering designs and production of consumables for the mining industry in India. Financial details were not disclosed.
KKR invests in Oz recycling company
KOHLBERG KRAVIS ROBERTS (KKR) HAS invested approximately A$90 million ($96.9 million) in Australia Stock Exchange-listed recycling group CMA Corporation.
J-Star looks to construction for its 12th deal
JAPANESE PRIVATE EQUITY FIRM J-STAR has taken a majority stake in Taiheiyo-Seiki Co. (THY), a privately held construction machinery manufacturer, marking J-Star’s second deal this year, following the investment into HCM, in-home care provider, and its...
Japan's Takeda provides exit for European PE firm
Takeda Pharmaceutical Co, one of the largest pharmaceutical companies in Japan has reportedly planned to take over Zurich-headquartered pharmaceutical maker Nycomed, which is owned by European private equity firm Nordic Capital and Credit Suisse’s private-equity...