Investments
ICICI Venture sells RFCL to PE-backed Avantor Performance Materials
ICICI Venture has sold its 85% stake in Indian biotech firm RFCL to PE-backed chemical developer Avantor Performance Materials.
Australia's Ten Network chairman to step down after abortive Hellman & Friedman MBO: reports
Nick Falloon, the executive chairman of Australia's Ten Network, has offered to step down following a share raid by James Packer and Lachlan Murdoch that secured 18% of the company in the wake of a rumored privatization plan by Falloon and US PE firm...
Partners Group provides mezz financing for PEP's Collins Foods
Partners Group has provided mezzanine debt financing for Collins Foods Group, the largest Kentucky Fried Chicken (KFC) franchisee in Australia and invested by Pacific Equity Partners (PEP), for an undisclosed amount.
CDH-backed Xueda debuts on NYSE, raising $127 million
Xueda Education Group, a Beijing-based tutoring company invested by CDH Investments, raised $127.6 million in its IPO on the New York Stock Exchange.
Helion, Accel invest $2.8 million in Indian fashion site Exclusively.In
Accel Partners India and Helion Venture Partners have jointly invested $2.8 million into Indian membership-only fashion, jewelry, home decor and travel web destination Exclusively.In, in the company's first institutional and angel round of funding, according...
Fushi Copperweld's CEO, PE firm Abax make privatization offer
Electric cable and wire manufacturer Fushi Copperweld’s CEO Li Fu and Hong Kong-based PE firm Abax Global Capital Limited have jointly placed a bid to take NASDAQ-listed Fushi private, with Fu offering to purchase all the outstanding shares in the company...
Citigroup considers divestment of $570 million in CVC assets
Citigroup is considering offloading $570 million worth of assets in CVC Capital Partners as part of its effort to streamline its alternative assets business, according to global reports.
The changing face of venture
With the US back on the radar as the market of choice for the best and brightest in TMT, where do Asian companies fit into the picture, and how are VC funds finding them early enough to make a profit?
India’s all-inclusive infrastructure rollout
Huge infrastructure development schemes have been underway across most of Asia’s developing economies for some years now, especially in India and China.
Carlyle among suitors for Indonesia's Matahari hypermarkets - reports
The hypermarket chain of Indonesian retail giant Matahari is up for sale, and suitors including the Carlyle Group and South Korean retailer Lotte Shopping are reportedly in the running to acquire the emerging market’s second-largest supermarket operator...
Returns, the second time around
The Asian secondary buyouts market is finding its feet, and investors their appetite, but true potential for value-add is still case specific
CIC may invest in US infrastructure
PRC SWF the China Investment Corporation (CIC), may seek to invest in infrastructure projects in the US, as its officials urged US authorities to spend up to $1 trillion on new infrastructure, according to reports.
Advantage investee 1st Holding to go IPO
Advantage Partners-owned Japanese software maker 1st Holding, Inc. has filed for an initial public offering on the JASDAQ board, seeking to raise around JPY14 billion ($173.5 million) by selling around 16 million shares, according to reports.
Steamboat Ventures invests $10 million in Chinese luxury shopping site Shangpin
Steamboat Ventures has invested $10 million in shopping site Shangpin.com, according to an executive at the VC firm, as part of a second round of fundraising for the Chinese domain.
Risa Partners to be acquired by NEC Capital Solutions via TOB
NEC Capital Solutions, a Japanese financial services provider, has announced that it will buy 100% of Risa Partners, a listed Tokyo-based private equity and real estate investment firm, in a deal estimated at around JPY15.8 billion ($196 million).
Intel Capital invests China digital surveillance withNetPosa
The Intel Capital China Technology Fund II is to invest Beijing's NetPosa Technologies, a Chinese provider of digital surveillance systems, for an undisclosed sum, as part of a strategic cooperation agreement with Intel Corp. that involves the company...
State-backed The Innovation Network Corporation of Japan invests cancer drug company Anaeropharma Science
The Innovation Network Corporation of Japan (INCJ) will inject JPY700 million ($8.7 million) in Anaeropharma Science, a privately-held biopharmaceutical company based in Tokyo, according to Japan's Nihon Keizai Shimbun.
Paine & Partners may be in frame for PEP's Tegel
US PE firm Paine & Partners may be the latest suitor for Pacific Equity Partners' New Zealand poultry investee Tegel Foods, in a potential secondary buyout that could fetch up to NZ$1 billion ($755 million), according to reports.
IL&FS fund fully exits ABG Shipyard, seeing 4x returns
IL&FS Investment Managers Ltd’s Leverage India Fund (LIF) has fully exited its five-year investee ABG Shipyard Ltd. (ABG) through the public markets, reporting 4x returns on its investment.
Daiwa SMBC Principal exits HMV Japan to Lawson
Lawson Inc., the Japanese convenience store chain operator, will acquire 100% of HMV Japan KK, the CD and DVD retail sales operation running under the UK’s HMV brand name, for JPY1.8 billion ($22.3 million) from Daiwa Securities SMBC Principal Investments...
PE-invested Whitehaven Coal goes up for sale
Independent Australian coal mining corporation Whitehaven Coal, 27% invested by US PE firm First Reserve, will entertain acquisition bids in the light of ongoing interest from corporate suitors – a decision that could lead to an nearly A$3.5 billion...
JPMorgan, GIC investee Ballarpur seeks paper listing on LSE
Ballarpur Industries, which claims to be India's largest paper manufacturer, plans to set up a new UK-incorporated holding company for its unit Ballarpur International Graphic Paper Holdings (BIGPH), 20.47% invested by JPMorgan Principal Investment and...
Actis sells 30% stake in China's Inpac to Finland's Stora Enso
UK-based private equity firm Actis has agreed to sell its 30% stake in Inpac, a premier printed paper packaging (PPP) manufacturer in China, to Stora Enso, a global paper, packaging and wood products company headquartered in Finland.
integral becomes biggest shareholder of Japanese TV ad producer TYO
Integral Corporation, a Tokyo-based private equity firm, has acquired a 44.4% stake in TYO Inc, a second-tier TV commercial producer, for JPY1.3 billion ($16 million) in new shares, becoming the company's largest stakeholder.