Investments
Guggenheim, Indian Infrastructure trade stakes
US-based Guggenheim Partners has reportedly taken a 46% stake in infra asset manager Infrastructure India in a deal completed through the exchange of stakes in each other’s portfolio companies.
MBK exits Gala TV to EQT
EQT Greater China has acquired MBK Partners-backed Taiwanese cable television company Gala TV in the latest big-name media deal out of the country. The buyout firm did not disclose the deal price, but affirmed that the capital came from its $535 million...
Advantage exits Pokka in trade sale
In a week marked by trade sales in the food and beverage industry, Tokyo-based Advantage Partners has announced it will exit its entire 40% stake in Pokka Co., a Japanese coffee and soft drink maker to Sapporo Holdings, the local brewery major which already...
Unison leads MBO of Japanese wine importer
Japanese buyout firm Unison Capital will spend JPY6.2 billion ($75.4 million) to privatize publicly listed Japanese wine importer and retailer Enoteca Co. through an MBO alongside H.C.B.C. Enterprises Ltd., an investment firm headed by George Joseph...
OCBC debuts Shindoo Chemical on Shenzhen Exchange
Shindoo Chemical, a Chinese manufacturer and distributer of compound fertilizer and chemical products in China which was backed by the mezzanine arm of OCBC Bank, has debuted on at Shenzhen Stock Exchange, raising RMB 1.48 billion ($224.6 million). The...
Sequoia departures put question mark over fund's future
Four of Sequoia Capital India’s founding partners have resigned from the VC firm to set up a new fund, which will focus on domestic PIPE transactions.
Mekong Capital makes fourth exit from Enterprise Fund
Vietnam-focused Private Equity firm Mekong Capital has exited its stake in Minh Phuc Printing and Packaging Company to an unnamed domestic investor.
L Capital Asia may buy Indian luxury retailer
L Capital Asia, the Asia-based arm of the private equity firm set up by the LVMH Group, has reportedly planned to acquire a significant minority stake in a unit of Gitanjali Gems Limited, India’s luxury brand and products retailer group, for a value estimated...
CVC enters MOU to offload Magnum
CVC Capital Partners has reportedly entered into an MOU with Malaysian Multi-Purpose Holdings Berhad (MPHB) to sell its 47% stake in gaming forecaster Magnum Corp. MPHB also looking to take the 2% stake held by Magnum’s management, giving it 100% ownership...
Affinity to exit Singaporean shipping operator, Jaya Holdings
Affinity Equity Partners is reportedly negotiating with potential buyers to sell its 54.7% stake in Singapore’s Jaya Holdings – a fiscally strained shipping operator – which it has held for more than four years.
Partners Group invests in Korea auto tire manufacturer
Partners Group, the global private equity investment manager, has made a direct investment in South Korea’s Saehwa International Machinery with its investment partner STIC Investments, a local private equity firm in South Korea.
Lombard takes control of Chinese quick service restaurant chain
Lombard Investments, a global private equity firm, has announced it has acquired a controlling stake in Overseas Dragon China, one of the leading Quick Service Restaurants in Asia.
Advantage Partners may exit Pokka to Sapporo
Advantage Partners, a Japanese private equity firm, is eyeing to exit domestic coffee and soft drink maker Pokka to Sapporo Holdings, major local brewer.
Unison Capital to delist Japanese wine importer
Japanese buyout firm Unison Capital will spend JPY6.2 billion ($75.4 million) to privatize currently listed Japanese wine importer and retailer Enoteca Co. through an MBO alongside H.C.B.C. Enterprises Ltd., an investment firm headed by George Joseph...
Unitas and OTPP wave good-bye to stake in Yellow Pages
LESS THAN FOUR YEARS AFTER UNITAS Capital and the Ontario Teachers Pension Plan (OTPP) completed New Zealand’s largest leveraged buyout – paying a whopping NZ$2.1 billion ($1.57 billion) for the country’s Yellow Pages franchise – the private equity funds’...
Carlyle buys AlpInvest, becomes LP
ALPINVEST, THE NETHERLANDS-BASED fund-of-funds, has been acquired by the Carlyle Group, which simultaneously makes its foray onto the LP side of the private equity industry.
Real assets, real opportunity
THERE HAS BEEN NO SHORTAGE OF REAL estate opportunities in the post-financial crisis world, however deal values in Asia have dropped as a result of many global investors buying lower-priced assets at home. The same is true here in Asia, as well CB Richard...
Carlyle, MBK not among Hana's backers in KEB bid
The Carlyle Group, MBK Partners and Goldman Sachs have not provided financial backing to South Korean commercial lender Hana Financial in its bid to acquire Korea Exchange Bank (KEB) from US buyout group Lone Star.
FountainVest taps into local PIPE deal
Hong Kong-based PE firm FountainVest Partners had sealed an investment deal with LK Technology, a domestic die-casting machine manufacturer, for HK$400 million ($51.3 million).
VinaCapital makes 5.3x on Hanoi Liquor sale
Vietnam-based asset manager and real estate development group VinaCapital has announced the sale of its 23.6% stake in portfolio company Hanoi Liquor Joint Stock Company (Halico) to industry player Diageo. The international premium drinks company will...
Milestone invests $30 million in Chinese pharma group
Milestone Capital, a Shanghai-based private equity firm, has reached an agreement to invest $30 million in China BCT Pharmacy Group, Inc., a listed pharmaceutical distributor, retail pharmacy, and manufacturer of pharmaceutical products in Guangxi Province,...
Lone Star may face another tax issue
Lone Star may face yet another tax issue, currently blocking its exit plan for its majority stake in Korea Exchange Bank (KEB).
EQT buys fine foods group
EQT Greater China II has taken a controlling 96% stake in Classic Fine Foods Group (CFF), a multinational importer and distributor of gourmet foods, from London-based Vestey Group Ltd. The remaining 4% stake is held by the management. Financial details...
Dragon Capital clean energy PIPE in Laos
Laos’ position as an investment destination has been improved this week as state-backed Electricite du Laos Generation (EdL Gen) received its second private equity investment in so many weeks, with Dragon Capital purchasing $3.36 million worth of shares...