Investments
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...
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.
Carlyle sells remaining shares of Kito in Japan
US private equity giant The Carlyle Group, will exit its 19.08% stake in Kito Corp., a Yamanashi-based crane maker through a secondary public offering. The closing price on February 18 was JPY103,900 ($1,250) per share.
PEP investee goes into receivership
Private Equity Partners controlled REDgroup Retail, which owns bookstore chains Borders and Angus & Robertson has collapsed and been handed over to administrator Ferrier Hodgson.
SCPEL invests in Australian agribusiness
Standard Chartered Private Equity Limited (SCPEL) will take minority stake via convertible notes in Australia-based international agribusiness leader Wellard for $83 million.
Chartis Japan Capital takes over Fuji Fire and Marine Insurance via TOB
Chartis Japan Capital Company, a wholly-owned unit of Chartis Inc, the general insurance subsidiary of American International Group has announced a TOB for all common shares and stock acquisition rights of Fuji Fire & Marine Insurance Co that it does...
India focused Edelweiss Special Opportunities Fund closed at $230 million
Edelweiss Alternate Asset Advisors, the alternative asset arm of Edelweiss Capital in Switzerland, has closed the $230 million Edelweiss Special Opportunities Fund, according to local media reports. The fund will focus solely on India.
3i acquires Mizuho’s debt management unit
London-based private equity firm 3i has completed its acquisition of Mizuho Bank’s debt management business unit, Mizuho Investment Management (MIM). Deal size was not disclosed but UK-based MIM manages £3.7 billion of assets.
Actis on exit trail in India
UK government-backed Actis has begun the divestment process for several of its Indian investees as part of its efforts to close its second, $325 million market-focused fund, LiveMint reported.
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...