Investments
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...
KKR eyes MMI exit to SGX - reports
Kohlberg Kravis Roberts & Co. (KKR) is reportedly looking to exit its wholly owned, Singapore-based engineering firm MMI Holdings via an IPO onto the Singapore Exchange.
ACA portfolio company in tech trade sale
Japanese private equity-backed CSK corporation, an information service solutions provider in Tokyo, is going to be taken over by Sumisho Computer System Corporation (SCSC), an IT unit of Sumitomo Corp Group, through a TOB.
Marunouchi Capital nears buyout of Seijo Ishii
Tokyo-based Marunouchi Capital, a joint venture equally owned by Japanese conglomerate Mitsubishi Corp and Mitsubishi UFJ Securities, is reportedly close to finalizing negotiations for a takeover of Seijo Ishii Co., a high-end supermarket operator in...
Blackstone pays $9.4b for Centro's US assets
In what is classified as Blackstone’s largest deal since the onset of the financial crisis, the buyout firm has bested two rivals to acquire distressed Australian shopping mall owner Centro Properties Group’s 588 real estate assets in the US, paying $9.4...
Morgan Stanley in talks over Shanghai Motel Management
US investment bank Morgan Stanly is reportedly in the process of speaking with European hotel group Accor SA about the sale of its majority controlled motel chain operator, Shanghai Motel Management.
Cocoberry gets $20m from CX Parners
CX Partners has reportedly invested $20 million in Cocoberry Retail Ltd., a subsidiary of local food business operator Horizon RHI Group – capital slated to promote Cocoberry’s aggressive expansion plan.
Advent ups investment in Australia's IPG
Advent Private Capital, a Melbourne-based mid-market private equity group, has increased its capital investment in Australian specialty packaging company Integrated Packing Group (IPG) to $50 million.
Opportunity knocks, but cautiously so
Twelve months ago, it was all sunshine and roses in Australia. The market has since rationalized and it seems GPs are still remarkably positive, while on the LP side, there are question marks around the market dynamics down under.
KKR-backed Seven Media bought for $4.2b
KKR-backed Australian media major Seven Media Group has been bought by West Australian Newspapers Holdings (WAN) for A$4.1 billion ($4.2 billion) in cash, shares and an assumption of debt. The deal sees the return of double-digit valuations, this one...
Kaizen a rising star in Indian PE
One year after AVCJ predicted that education-opportunities group Kaizen Management Advisors “seems poised to lead investment in this sector in India,” the firm has made strides to keep its title, enlisting the likes of India’s Housing Development Finance...
Carlyle, Macquarie gets green light for Oz traffic systems firm
The Carlyle Group and Macquarie Group have jointly bought Australian traffic light and road safety firm Redflex Traffic Systems for approximately A$300 million ($302 million), paying a 21% premium for the asset.
Aeon eyes stake in DBJ-backed Parco
Japan’s second-largest retailer Aeon Co. is reportedly eyeing a 12.31% stake in domestic department store operator Parco Co. in an effort to capitalize on Japan’s growing fashion space.
Government PE manager acquires Malaysian education group
Government-backed Malaysian PE fund manager Ekuiti Nasional Bhd (Ekuinas) has taken a 51% stake in the domestic holding company of the Asia Pacific Institute of Information Technology and Asia Pacific University College of Technology and Innovation for...
KKR-backed Seven Media bought for $4.2b
KKR-backed Australian media major Seven Media Group has been bought by West Australian Newspapers Holdings (WAN) for A$4.1 billion ($4.2 billion) in cash and shares – a deal that creates the largest diversified media entity in the country.
HDFC takes stake, LP role in Kaizen
India’s Housing Development Finance Corp. (HDFC) has acquired a minority stake in education-opportunities group Kaizen Management Advisors Ltd., pledging an undisclosed amount of capital as an LP into Kaizen Private Equity’s new vehicle.
India's Marico acquires PE-backed ICP
Private equity partners Mekong Capital and BankInVest, with their investor backers, have exited their combined 85% stake in Vietnamese FMCG firm International Consumer Products (ICP) to Indian consumer products group Marico Ltd., for an undisclosed amount....
CIC and Blackstone enter Japan's distressed space
China Investment Corporation, China’s $300 billion sovereign wealth fund, has reportedly joined forces with US investment giant, the Blackstone Group, to purchase Morgan Stanley’s Japanese loan portfolio at a major discount, according to news reports....