Investments
Australian cleaning company rejects private equity bid
Spotless Group, a ASX-listed Melbourne-based cleaning services company, has rejected a conditional $700 million bid from a private equity firm, Blackstone, reported by Reuters.
Mumbai Angels supports net agri products seller
Mumbai-Angels, the Indian investment firm focusing on early stage companies, has reportedly taken a 25% stake in Chennai based MVS Efarm Pvt Ltd, for undisclosed sum.
Carlyle group’s awareness of China investment risks
The Carlyle Group was reportedly having problematic issues with two of its portfolio companies, China Forestry, a Hong Kong-listed plantation operator and NASDAQ-listed China Agritech.
J-Star makes 12th investment, in Taiheiyo-Seiki
Japanese private equity firm J-Star has taken a majority stake in Taiheiyo-Seiki Co. (THY), a privately held construction machinery manufacturer and seller, representing J-Star’s 12th investment since its 2006 launch.
VIDEO: ChrysCapital's Gulpreet Kohli
Despite India’s investment landscape has become expensive in recent years, ChrysCapital’s MD Gulpreet Kohli identifies some pockets of opportunity that make the market compelling
KKR strengthens ties to Oz recycling company
Kohlberg Kravis Roberts (KKR) has invested approximately A$90 million in Australia Stock Exchange-listed recycling group CMA Corporation, prompting CMA to voluntarily suspend trading.
BoaML PE team spins out
NewQuest Capital Partners to focus on direct secondaries in Asia via its $400 million fund
Richard Ong’s RRJ Capital makes first deal
Hopu Fund co-founder Richard Ong has made his first investment from his $2 billion maiden fund, into US-focused oil exploratory and extraction firm Frac Tech Services - a seeming departure from his vehicle’s Asia Pacific mandate.
J-Star makes second healthcare acquisition
Japanese private equity firm J-Star has made another investment in Japan’s growing healthcare sector, taking a majority stake in HCM, KK, a domestic provider of in-home care services, via a management buyout. Financial details were not disclosed, but...
Unitas completes landmark Hyva deal
Asian private equity firm Unitas Capital has completed the acquisition of Hyva Holdings B.V. from Europe’s 3i, for an enterprise value of EUR525 million ($761.5 million). The acquisition was partly financed through a high yield bond, marking the first...
Dutchess Capital injects $16.3m in Motopia in Australia
The US-based Dutchess Capital Management, a fund manager specializing on short-term and growth-stage public companies that fall under the ‘special situation’ category, will invest up to A$15 million ($16.3 million) in Motopia Limited, taking a 19.99%...
New Zealand’s Direct Capital takes majority stake of Scales Corp.
Auckland-based private equity firm Direct Capital will take a 79.7% stake in local apple exporter and cold storage company Scales Corporation for $44 million, purchasing the asset from South Canterbury Finance, which has been under the receivership since...
China’s Phoenix New Media aims to raise $179m in the US
China media group Phoenix New Media has targeted a $178.7 million raise on its impending public listing on a US bourse, and is specifically looking to sell 12.8 million American depositary shares between $12 to $14 each, according to a filing with the...
Accel Partners, angel investors invest $35m in designer start
Private equity firm Accel Partners, with a group of angel investors, has made a$35 million capital injection into 99designs, an Australian start-up design company, as a Series A round of financing.
KKR may take Singaporean abalone producer
US buyout firm Kohlberg Kravis Roberts & Co (KKR) is reportedly in discussions to acquire Oceanus Group, the Singapore-listed abalone farmer, for a deal which may be worth around $500 million, Reuters reported.
Digu.com seeks $25m for expansion
Chinese location-based social networking start-up Digu.com is reportedly looking to raise as much as $25 million from venture investors in its next two round of financing, allocated for its expansion.
Korean consumer lender A&P wins Takefuji
The ongoing bidding process for collapsed Japanese consumer lender Takefuji has officially ended with Korean industry peer A&P Financial besting rival suitors to acquire the debt-burdened asset.
Japan’s J-Star makes another healthcare buy
Tokyo-based J-Star has taken a majority stake in HCM, KK., a domestic provider of in-home care services, for undisclosed sum.
Blackstone set to buy second distressed Oz property firm
Debt-burdened Australian real estate firm Valad Property Group is reportedly in talks with Blackstone for a possible buyout, according to The Australian, in a deal that could be worth A$220 million.
J-Will Partner to sell Japanese yogurt company to Ito En
Japanese private equity firm J-Will Partners is reportedly set to offload its dairy product manufacturing asset, Chichiyasu Co., to one of the Japan’s largest beverage makers, Ito En Ltd., by the end of next month.
Reliance exits Pelago via Groupon acquisition
Reliance Ventures Asset Management has exited its stake in US-based group-buying website Pelago.com to Groupon, which has fully acquired the asset.
CapAsia Invests in Kazakhstan Electricity Utility
Singapore-based private equity infrastructure investor CapAsia will invest $50 million in equity capital into Central Asian Power and Energy Company (CAPEC), a power company in Kazakhstan.
Richard Ong’s fund teams with Temasek in US oil firm acquisition
The newly launched fund founded by former Founding Partner of Hopu Investment Management Richard Ong has teamed with Singapore’s Temasek Holdings to take a 70% controlling stake in Frac Tech Services, a US-focused oil exploratory and extraction firm....
SciClone buys VC-backed NovaMed
California-based SciClone Pharmaceuticals Inc. has acquired Fidelity Asia Ventures- and Atlas Venture-backed NovaMed Pharmaceuticals Inc., a Chinese specialty pharmaceutical firm, for approximately $62 million in the form of cash and shares.