Investments
Aetos Capital takes remainder of Simplex
Aetos Capital, a US-based private equity and real estate investment firm, will boost its 50% stake in Japanese real estate asset manager Simplex Investment Advisors to 100% ownership by acquiring the 50% stake currently held by a Goldman Sachs.
CHAMP Ventures exits TSmarine
CHAMP Ventures, the mid-market PE specialist that is part of Castle Harlan Australian Mezzanine Partners (CHAMP) Group, successfully completed its first foray into the gas and oil sector official on March 3, finalizing the sale of TSM Group Holdings Pty...
Carlyle gets its bearings in Japan
US-based private equity major The Carlyle Group is to acquire 96.56% of all outstanding shares in Japanese bearing parts maker Tsubaki Nakashima Co. from Nomura Principal Finance Co. (NPF), in what now holds the title as the largest private equity deal...
SAIF earns up to 5x return on China UMS exit
VC firm SAIF Investment has reportedly sold a 7.07% stake Unionpay Merchant Services Co. (China UMS), the Shenzhen Stock Exchange-listed payment provider that exclusively serves PRC-based outfit Youngor Group and the Shanghai Changjiang Guohong Equity...
China Fire & Security courted by PE suitor
Publicly listed safety products maker China Fire & Security Group Inc. has reportedly been approached by an unnamed private equity firm to buy its entire cache of outstanding shares.
IDC, DCM back e-commerce site
Venture capital firms IDG Capital Partners and DCM have reportedly injected $10 million for an undisclosed stake in Uya100.com, a China-based business-to-business e-commerce website the focuses on the sale of home textiles.
Clean Water takes over Sinomem for S$351m
Clean Water Investment, an affiliate of private equity firm CDH China Management, is to acquire Singapore-listed water treatment group Sinomem Technology Limited via a voluntary conditional cash transaction, according to a document sent to the Singapore...
Affinity and Unitas to exit Chinese cleantech firm
Affinity Equity Partners and Unitas Capital are reportedly planning to sell Beijing Leader & Harvest Technologies Co., an energy-saving company based in China, according to a Reuters report, noting that the deal may be worth up to $500 million.
TPG, J-Trust near Takefuji takeover
U.S. buyout firm TPG Capital and Japanese consumer lender J-Trust have emerged as the lead contenders to take over the collapsed Japanese consumer lender Takefuji Co., Dow Jones reported
French PAI Partners sells portfolio group to ITOCHU
Japanese trading conglomerate ITOCHU Co. has acquired 100% of the shares in leading UK fast-fit and automotive parts replacement specialist Kwik-Fit Group from PAI Partners, a European private equity firm, for £637 million($889 million).
Advent sees 6x returns from local exit
Advent Private Capital, a Melbourne-based mid-market private equity group, has sold investee, electric payment service provider Securepay Holdings, to the Australia Post, confirming more than 6x return on its original investment.
Warburg Pincus exits Indian jeweler at a loss
Warburg Pincus has sold its 28.12% stake in Vaibbav Gems for INR18.million ($4.1 million) through an open market transaction, the US-based private equity firm confirmed, in an exit that comes at a significant loss to Warburg Pincus’ initial investment....
Hoyts IPO postponed again
Nearly a year after Pacific Equity Partners (PEP) decided to delay the IPO of its Australian cinema investee Hoyts Group, due to inclement market conditions in 2010, the firm announced further delays, with a listing to come at an indefinite time.
Affinity, EQT vie for Malaysian glove producer - reports
Affinity Equity Partners and EQT Partners are reportedly competing for a majority stake in Malaysian rubber glove maker YTY Group in a deal estimated to be worth $500 million
CHAMP raises stake in Blue Star
CHAMP Private Equity-controlled Blue Star Group, a trans-Tasman-Australia printing company, has reportedly received an additional capital contribution from CHAMP Private Equity, coming the same day that Blue Star announced that it would soon announce...
Japanese VC firm backs unique startup
Japanese venture capital firm Samurai Incubate Inc. has made a JPY50 million ($61 million) investment in startup Bukupe.com, a site which gives subscribers access to the summaries of books.
2010 and 2011 record years for secondaries
Jonathon Freeman, Investment Partner with Coller Capital, said at the 8th Annual Australia & New Zealand AVCJ Private Equity and Venture Forum that while he had predicted that 2009 would be the stand-out year for secondaries, in fact 2010 was a stellar...
Infinity invests in Pesticide maker in China
Infinity Group, a China-and-Israel-focused private equity firm, will invest RMB120 million ($18 million) in the Shijiazhuang Xingbai Pharmaceutical Company, a maker of pesticides, for an undisclosed stake size.
VCs sell drug maker for up to $935m
Walden International and a number of other VCs will exit from their nearly decade-long investment in cancer drug maker Plexxikon after Japan’s third largest drug maker, Daiichi Sankyo, announced its acquisition of the Berkeley, California-based company....
The fundraising success story
Baring Private Equity Asia ended a global slump on fundraising when it closed its fifth fund on $2.46 billion, 60% more than its predecessor, in less than six months. AVCJ speaks with the Managing Partner on the renewed institutional interest in Asian...
PE-backed Groupon launch in China
US-based Groupon, the group buying portal site, will be officially launched in China under the name GaoPeng.com.
Aetos takes remaining 50% in Simplex from Goldman Sachs
Aetos Capital, a US-based private equity and real estate investment firm, will turn its 50% owned Japanese real estate asset manager Simplex Investment Advisors into a wholly owned subsidiary by acquiring the other half owned by a Goldman Sachs. The US...
Chinese cosmetic manufacturer to sell 39% stake
The PRC's sovereign wealth fund China Investment Corp, an investment arm of Ping An Insurance, and Temasek Holdings, the Singaporean sovereign wealth fund, have emerged as a potential bidders for Shanghai Janhwaa United, one of the largest cosmetic manufacturers...
Carlyle to take over Japanese manufacturer for $857m
U.S. private equity firm the Carlyle Group will acquire Japan ese bearing parts maker Tsubaki Nakashima Co from Nomura Principal Finance Co (NPF), an investment arm of Japanese security house Nomura Group, in a transaction estimated at around 70 billion...