Investments
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...
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...
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...
Next Capital's investee Onsite completes acquisition
Next Capital-owned contracting and recruitment services firm Onsite Rental Group has acquired Statewide Equipment Hire, a supplier of for-hire construction equipment, for A$70 million ($69.7 million).
Advantage Partner may take on restructuring money for Tokyo Star
Advantage Partners, the Tokyo-based buyout firm, is reportedly considering giving up three of its five board seats of its 100%-owned investee - and troubled lender - Tokyo Star Bank to creditors.
Ant Capital exits Maruboshi
Japanese private equity firm Ant Capital Partners has exited its 100% stake in Maruboshi Co., a private document production and translation service company to CMC CO., a listed manual-service provider, for JPY1.68 billion ($20.3 million).
Temasek continues exit streak with Fortescue divestment
Singaporean sovereign wealth fund Temasek Holdings raised $877 million through the sale of its entire 4.1% stake in Australia’s third-largest iron ore miner Fortescue Metals Group to a group of overseas institutions.
Japan's Risa Partners to sell its real estate assets
Distressed investors Fortress Investment Group, Lone Star and Cerberus have emerged as potential bidders to acquire the real estate assets of private equity firm Risa Partners.