Investments
Carlye, KKR, Warburg Pincus ready as India's Hero Honda deal restarts
US PE majors the Carlyle Group, Kohlberg Kravis & Roberts (KKR) and Warburg Pincus are in line to take a 15-18% stake apiece in India's Hero Honda Motors, coming as Japanese auto maker Honda nears its exit from the JV.
KKR makes up to $1.73 billion bid for Australia's Perpetual
Kohlberg Kravis Roberts & Co (KKR) has made an up to A$1.75 billion ($1.73 billion) bid for Australian investment group Perpetual Ltd., offering between A$38-$40 ($37-39) a share for the company.
Walden International exits Beceem Communications for $316 million
Veteran US and Asian VC firm Walden International has announced that Beceem Communications, Inc., a portfolio company providing fourth generation (4G) wireless platform solutions, will be acquired by US communications semiconductor major Broadcom Corporation....
TPG to invest $25 million in Hong Kong Energy through PIPE deal
US buyout major TPG Capital has announced an agreement with Hong Kong Energy (HKE), a listed alternative energy developer and operator in Greater China, to purchase HK$195 million ($25.1 million) of convertible preference shares in the company.
Symphony-backed Zenith Pharmaceuticals exits nine-year investee Strides Arcolab
Zenith Pharmaceuticals, the majority-owned asset of Symphony Capital, is nearing the completion of its exit from Indian pharmaceutical firm Strides Arcolab, with reports that Zenith is poised to see 5.7x returns on its nine-year investment.
Carlyle-backed infant fomula company Yashili to make public debut in Hong Kong
US buyout firm Carlyle Group’s investee Yashili Group, one of the largest baby formula companies in China, is set to launch its IPO in Hong Kong later this month or early next month.
Pacific Alliance's ARC Capital sells Shanghai supermarket chain for $164.8 million
ARC Capital Holdings has sold its entire stake in Shanghai Jiadeli Supermarket to Shanghai Haihang Jiale Enterprise Management Co. for RMB1.1 billion ($164.8 million).
Sequoia-backed Sino Tech files for NASDAQ IPO
SinoTech Energy Ltd., invested by VC firm Sequoia Capital China and Deutsche Bank Securities, has submitted filings to launch an IPO on the NASDAQ, with the aim of raising up to $100 million in its public debut.
IFC supports China wind energy with Xinjiang Goldwind investment
The International Finance Corporation (IFC) has invested $75 million in Xinjiang Goldwind Science & Technology, as part of the runup to the wind turbine manufacturer’s IPO on the Hong Kong Stock Exchange.
Singapore's Bio*One, Adams Street, others, invest US medical device company TriReme
TriReme Medical Inc., which develops catheters and stents for treating vascular disease, has raised $17 million in Series D financing led by new Singaporean investor Bio*One Capital, as well as return investors Three Arch Partners and global private equity...
GA makes partial exit from China's Zhongsheng Holdings, gets $64 million
General Atlantic (GA) has sold a portion of its holdings in Zhongsheng Group Holdings Ltd., an automobile dealer group in China, which launched $370 million IPO in Hong Kong this year, making an estimated $64 million, according to reports.
KKR and Korea's NPS team up for Colonial US pipeline investment
Kohlberg Kravis Roberts & Co. (KKR) has joined forces with Korea’s National Pension Service (NPS) to take a 23.44% stake in Alpharetta, GA-headquartered Colonial Pipeline Company, in a deal said to be worth about KRW1 trillion ($895 million).
WI Harper bolsters advisory board with Investcorp's Tung
The founding partner and Chairman of the Technology Investment Committee of Investcorp, Savio Tung, has joined the advisory board of Chinese expansion and early growth stage private equity firm, WI Harper, the firm announced.
Asian Citrus acquires Lunar Capital-backed BPG Food & Beverages for $257.8 million
Lunar Capital-backed BPG Food & Beverages Holdings Ltd. has been acquired by Asian Citrus, the largest orange plantation owner and orange producer in China, for more than HKD$2 billion ($257.8 million).
Baring, CEO Yang make $752 million privatization offer for Harbin Electric
NASDAQ-listed Chinese electric motor maker Harbin Electric has received a joint $752 million buyout bid from Baring Private Equity Asia and Harbin’s Chairman and CEO Tianfu Yang, the latter already owning 31.1% of the company.
Sequoia, SIG, Walden investee Le Gaga files for NASDAQ IPO
Le Gaga Holdings Ltd., a Chinese greenhouse vegetable growing company headquartered in Hong Kong, has filed for an IPO on NASDAQ, seeking to raise some $100 million.
WL Ross may catch Kingfisher after SpiceJet airline success
WL Ross India, the local platform of leading US turnaround investor Wilbur Ross, may be looking to repeat the success of its SpiceJet investment by taking a stake in the debt-burdened industry peer, Kingfisher Airlines.
Lone Star may invite MBK into KEB
Lone Star Funds may be in discussion with MBK Partners to sell a 25% stake in its investee Korea Exchange Bank, as Australia and New Zealand Banking Group (ANZ) continues due diligence on Lone Star's 51.02% stake in the business, according to reports....
Morgan Stanley PE Asia's Sihuan Pharma may raise $700 million in Hong Kong
Sihuan Pharmaceutical Holdings Group, a privately-held leading Chinese pharma company owned by a JV invested by Morgan Stanley Private Equity Asia, has filed for an IPO on the Hong Kong Stock Exchange.
IFCI Venture Capital to partially exit Marck Biosciences
IFCI Venture Capital is selling a nearly 10% stake in Indian pharma firm Marck Biosciences, according to local reports, coming as the investee looks to build an INR55 crore ($12.4 million) manufacturing plant.
Ontario Teachers seeks Temasek's help to rival BHP Billiton PotashCorp bid
Ontario Teachers’ Pension Plan, Canada’s largest single-profession pension fund, is reportedly in talks with Singapore SWF Temasek Holdings about the formation of a consortium to counter mining and resources giant BHP Billiton Ltd.’s $39 billion hostile...
Brazil's JBS, Goodman Fielder, others in frame for PEP's Tegel exit
Pacific Equity Partners New Zealand poultry investee Tegel Foods is expected to see strong interest from Brazilian, Asian and Australian strategic acquirers, potentially driving the sale price tag up as far as NZ$1 billion ($755 million), following the...
Archer Capital says no exit yet from Australia's Rebel Sport
Archer Capital has indicated that it will not be seeking to list majority-owned Australian sports retail investee Rebel Sport Ltd. in the near future, after making statements in March to deny delays to the planned listing.
Trinity Capital makes 1% stake exit from India's Pipavav Shipyard
Real estate-focused PE firm Trinity Capital has exited its 1% stake in Indian shipbuilder Pipavav Shipyard for INR58 crore ($13 million), making a reported 3.2x return on its more-than-three-year investment.