Investments
Green Pine invests Dingchu for energy conservation
Shenzhen-based PE firm Green Pine Capital partners has invested RMB30 million ($4.4 million) into Hangzhou Dingchu Technology Co. Ltd., an energy conservation and water-recycling business, for a 25% stake in the company.
US groups consider Whitehaven Coal buyout
American infrastructure PE firm First Reserve and US coal producer Alpha Natural Resources are reportedly eyeing Australia’s Whitehaven Coal Ltd. and considering a buyout deal that could be worth more than A$3 billion ($2.75 billion).
Macquarie, Providence and Bain bid on Taiwans CNS
Australia’s Macquarie Group and U.S. buyout fund Providence Equity Partners have submitted bids to acquire Taiwan’s cable network operator China Network Systems (CNS), currently 60%-owned by Pan-Asia-focused buyout firm MBK Partners, in a process...
Carlyle investee Yashili hires safety experts to boost consumer confidence
China-based baby formula maker Yashili Group Co. - 17.3%-owned by US buyout firm Carlyle Group - has hired safety experts in an effort to build consumer confidence in its products, a lingering obstacle off the back of the 2008 melamine scandal.
Bain-backed Gome Electric sues its founder and former chairman
Bain-backed Gome Electric Appliance Holdings, a leading Chinese electrical appliance chain operator, has taken its founder, Huang Guangyu, to Hong Kong’s High Court for allegedly breaching his fiduciary duties as the company's Director.
GIC links with three banks ahead of GLP IPO
Singaporean SWF GIC has reportedly linked with three banks – UBS, DBS and the China International Capital Corp. (CICC) - to manage the IPO process of its Global Logistic Properties (GLP) unit, said to be worth as much as $3 billion.
CPPIB Intoll discussions ongoing
Canada Pension Plan Investment Board is still in discussion with Australian ASX-listed toll road player Intoll Group over its $3.44 billion privatization offer, according to a statement from the target.
Tano Capital exits Shilpa Medicare with 4.5x IRR
In its second exit this year, Indian private equity firm Tano Capital has sold its stake in pharmaceuticals manufacturer Shilpa Medicare Ltd, reportedly earning 4.5x return on its initial $2 million investment.
CIC targets US realty assets, Indonesian resources
China Investment Corporation (CIC), China's $300 billion sovereign-wealth fund, is reportedly in advanced talks to acquire half a dozen US-focused real estate fund holdings from Harvard University's endowment, in a deal estimated at about $500 million.
Hana in line for Woori, may target KEB
Hana Financial Group, Korea's fourth-largest lender, has emerged as the sole current contender for Woori Financial Group, with the Blackstone Group apparently not putting forward its expected bid, though Hana has said it also may consider a bid for Lone...
CVC and Standard Chartered win out in Acument Asia acquisition
CVC Capital Partners and Standard Chartered Private Equity Limited (SCPEL) have bested Kohlberg Kravis Roberts & Co. and Unitas Capital for control of the Asian operations of Acument Global Technologies, a fastener and assembly-solutions company, with...
Valiant completes Fuji Foods privatization
Valiant Partners, the Tokyo-based mid-cap private equity firm, has successfully completed an friendly privatization bid for Fuji Foods, a food manufacturer specialized in producing fast food items, including lunch boxes, rice balls, sandwiches for 7-Eleven...
CVCI sells stake in Emaar MGF to company's promoters
Citi Venture Capital International (CVCI) has exited its 1% investment in Emaar MGF Land Ltd, the Indian branch of Dubai realtor Emaar Properties PJSC, for a reported $60 million – up from the $50.98 million it paid in 2006.
JAFCO Asia, Hotung, Tokio Marine invest PRC PC game developer
An investment consortium comprising JAFCO Asia, Hotung Investment Holdings Ltd., and Tokio Marine Investment Services, the Hong Kong-based private equity affiliate of the Japanese parent, made an $8 million investment in UltiZen Games Ltd., a game development...
Qiming invests $10 million in two life science companies
Qiming Venture Partners, the PRC-focused early and growth stage VC company, has invested a total of $10 million in two life science research service companies, Sangon Biotech in Shanghai and Bio Basic Inc. (BBI) in Toronto.
SAIF gets juice from Huiyuan
SAIF Partners has picked up a 22.98% stake in Chinese beverage company Huiyuan Juice Group from French food group Danone, purchasing the tranche for about $260 million, one year after the Chinese government foiled Coca-Cola Co.’s bid to acquire Huiyuan...
WuXi Pharma sees no exit via Charles River
VC-invested PRC pharmaceutical major WuXi PharmaTech saw its $1.6 billion sale to US peer Charles River Laboratories fail over opposition from major shareholders in Massachusetts-based Charles River, including Neuberger Berman and hedge fund Jana Partners.
TLG Capital does first deal in India with Re-feel Cartridge
TLG Capital, a London-based investment firm, has made its first investment in India, taking a 36% stake in privately held Re-feel Cartridge Engineering Pvt Ltd, the country's largest printer cartridge refill and laptop repair services company, for some...
Murray's GEMS does new Sino-Forest deal
Entities under General Enterprise Management Services Ltd. (GEMS), the private equity platform of veteran investor Simon Murray, have completed the latest transaction related to noted GEMS investee Sino-Forest Corp., with a new investment and subsidiary...
Advantage steps back from Willcom's restructuring
Willcom Inc., the Japanese PHS (personal handy-phone system) operator 60% owned by the Carlyle Group, and now in Chapter 11 bankruptcy restructuring, will be supported by Softbank Corp., Japan's No.3 mobile phone operator, without the participation of...
Summer daze
AVCJ is taking a well-earned break, but astute readers will already have noticed that summer is a’coming in on anything but a quiet note.
IDG Capital invests $29.5 million in Superdata Software Technology in China
IDG Capital Partners has made a follow-on capital injection of RMB200 million ($29.5 million) into Superdata Software Technology (Guangzhou) Ltd., a China-based provider of SME management software.
IFC, JBIC make joint PNG bank investment
The International Finance Corporation (IFC), the World Bank Group's private finance arm, and IFC Capitalization Fund, a $3 billion fund set up by IFC and the Japan Bank for International Cooperation, have jointly invested around $110 million in Bank South...
Palamon, Morgan Stanley, AlpInvest get Oz cards spinout exit
Palamon Capital Partners, Morgan Stanley Alternative Investment Partners and AlpInvest Partners have picked up A$353 million ($319 million) from the sale of the Australian operations of their joint investee Retail Decisions, a card payment-processing...