Investments
Lunar Capital-backed juicer BPG Food & Beverages and Asian Citrus link via MOU
Lunar Capital-backed BPG Food & Beverages Holdings Ltd. has entered into a memorandum of understanding that may result in its sale to Asian Citrus, the largest orange plantation owner and orange producer in China.
Actis and Sequoia look to divest from FMCG firm Paras Pharmaceuticals
PE firms Actis Capital and Sequoia Capital are reportedly set to sell their 70% stake in Indian FMCG firm Paras Pharmaceuticals for as much as $800 million.
ChrysCapital partially divests from Bajaj Auto Finance
PE firm ChrysCapital Management has reportedly made a partial exit from its holding Bajaj Auto Finance, selling approximately half of its 9% stake in the company for $24 million to Bajaj Finserv, the financial services arm of the Bajaj Group.
Oz Foster's rejects $2.46b wine offer from new PE player
Foster's Group, Australia's largest beer maker, has turned down a buyout proposal for its Treasury Wine Estates unit of up to A$2.7 billion ($2.46 billion), reportedly from an unnamed US private equity player hitherto inactive in the region.
HDFC, Ojas among Series B-round investors in Tyfone
HDFC, a division of India’s HDFC Bank which additionally counts Temasek Holdings as an investor, as well as Polaris Software Lab and Ojas Venture Partners, is set to inject $5 million into mobile payment firm Tyfone Inc. as part of a Series B round...
Hony Capital commits $112 million to China Golden department store
Hony Capital, the leading Chinese buyout firm , has closed its PIPE investment of $112 million into China Golden Development Holdings Ltd., a local department store operator.
Indian hospital operater Fortis considers listing real estate investment trust
Indian hospital operator Fortis Healthcare – which lost the months’ long battle for Singaporean hospital asset Parkway Holdings to Malaysian SWF Khazanah Nasional in July – is considering listing its hospital land and building assets in Singapore...
Reliance/GTL deal off
The $11 billion merger of Reliance Infratel, Reliance Anil Dhirubhai Ambani Group's cellular tower arm, and Indian independent telecoms major GTL Infrastructure, has been called off after parties failed to reach an agreement, nixing prospects for investment...
Oz Future Fund, two others invest $576 million in new UK capital lender
Australian sovereign wealth fund the Future Fund, as well as Lord Rothschild and UK buyout leader Apax Partner’s founder Sir Ronald Cohen have together invested EUR450 million ($576 million) in Haymarket Financial, known as HayFin, a new start-up specialist...
Coke picks up Japan’s Q’sai juice maker
Coca-Cola West has bought out Daiwa Corporate Investment and Polaris Principal Finance-backed Japanese vegetable juice maker Q’sai for JPY63.9 billion ($757 million), which includes JPY28 billion ($331 million) of debt.
Aureos invests $2.2 million in Thai data center provider
Emerging markets-focused Aureos South-East Asia Managers Ltd. has invested $2.2 million in Thai data center provider Unitrio Technology Co. Ltd. from its South East Asia Fund.
Nan Shan a no-go for Primus
The sale of AIG's Nan Shan Life Insurance unit to China Strategic and Primus Financial Holdings was poised to be one of Asia’s biggest private equity deals of the year, but following regulators’ rejection of a consortium’s $2.15 billion bid, it...
Hero Honda's motor stalled
Honda’s motor has reportedly stalled in its attempt to divest its 26.21% stake in its Indian Hero Honda subsidiary as Honda, Hero Honda’s promoters, and private equity suitors have not agreed on the valuation of the stake.
3G Capital gets Burger King
A US private equity firm, 3G Capital Management, has agreed to a $3.3 billion buyout of Burger King, with a $4 billion price tag including assumption of debt that will make it the largest LBO of a fast food chain in the world, with the buyer's big plans...
Origo invests PRC batteries with Unipower
UK-listed private equity investor Origo Partners has committed around $4.3 million to PRC lithium-iron battery manufacturer Unipower Battery, currently being spun out of privately held parent Huanyu Group.
GMR to exit waste-processing project - reports
Bangalore-based infrastructure firm GMR Energy is reportedly set to exit its waste-processing project at the Ghazipur landfill, a clean-energy endeavor it launched with its subsidiary Delhi International Airport Ltd. (DIAL) to convert solid waste into...
Japan's DBJ and banks to form $1.18bn turnaround fund
The Development Bank of Japan is slated to launch a JPY100 billion ($1.18 billion) fund, specializing in local corporate restructuring and turnaround, in partnership with the Bank of Tokyo Mitsubishi UFJ and Sumitomo Mitsui Banking Corp., at the end of...
China-focused venture group invests $21 million in ActBlue
Venture capital investors Shenzhen Green Pine Capital Partners (GPCP), IDGVC Partners and Shenzhen Leaguer Venture Capital Co., with three unidentified venture players, have collectively injected RMB150 million ($21 million) in privately held Anhui ActBlue...
WI Harper invests in online insurance company in China
Beijing-based VC firm WI Harper has led the first round of fundraising in digitized insurance company 360bao, investing an undisclosed amount.
Baer Capital anticipates first exit, second fund launch in 2010
Baer Capital Partners, an India-focused investment firm based in Dubai, is looking to make its first exit by ushering portfolio company A2Z Group onto an Indian exchange, coming as the four-year-old firm additionally looks to raise a reported $300 million...
TPG's Newbridge Asia to sell $1.16 billion of Ping An shares
TPG Capital’s legacy fund Newbridge Asia is reportedly preparing to sell $1.16 billion worth of shares in Ping An Insurance Group Co. of China, coming as the insurer – the world’s second-largest – looks to streamline the integration of its holding...
Fed allows CIC to be second-largest foreign investor in Morgan Stanley
China Investment Corporation (CIC) has reportedly received the green light from the US Federal Reserve to take up to a 10% voting stake in Morgan Stanley, which would make the SWF the second-largest investor in the financial giant after Bank of Tokyo...
Navis, PE firms vie for Carrefour's Southeast Asia assets
Private equity firms including Navis Capital Partners are said to have taken part in a preliminary bidding round for Carrefour’s assets in Singapore, Malaysia and Thailand, taking on retailers from Asia and Europe for the billion-dollar target.
DBJ's mezzanine financing supports K Tech's MBO
The Development Bank of Japan (DBJ) has thrown its support behind the management of K Technology Corporation in its endeavor to launch an MBO - a move that would see Japanese PE firm Risa Partners part ways with its asset.