Reform efforts in China’s state-owned enterprise space have experimented in mixed ownership with mixed results. Private equity investors see significant opportunity but must proceed with caution
PAG has agreed to invest $300 million in LexinFintech, a US-listed financial technology platform provider based in China.
Consortiums led by Hopu Investment and Hillhouse Capital are competing for a 15% interest in Gree Electric Appliances against a backdrop of tensions between the Chinese company's CEO and its state-owned parent.
Japan Industrial Partners (JIP) has agreed to buy NEC Corporation's majority stake in Tokyo-listed electronics supplier Nippon Avionics and launched a tender offer that values the company at about JPY3.1 billion ($28.4 million).
The Blackstone Group has invested INR5.4 billion in India-listed integration retailer Future Lifestyle Fashions (FLF) through an open market transaction.
Aion Capital Partners has agreed to invest INR3 billion ($43.5 million) in India-listed integrated fashion retailer Future Lifestyle Fashions (FLF).
CITIC Capital has invested NZ$30 million ($20 million) in Tourism Holdings, a New Zealand-listed travel services company that specializes in recreational vehicle rentals.
Chinese mid-market private equity firm Oriental Fortune Capital has agreed to acquire a controlling interest in Changzhou NRB Corporation, a domestic auto components manufacturer, for RMB1.2 billion ($173 million).
Caisse de dépôt et placement du Québec (CDPQ) has invested INR14.2 billion ($205.8 million) in Indian automotive conglomerate Mahindra & Mahindra through a public market transaction.
Uxin, a Chinese used car trading platform that went public last year, has raised $230 million through a convertible note issued to investors including Warburg Pincus and TPG Capital.
General Atlantic and Värde Partners have terminated a planned INR18.5 billion ($267 million) investment in PNB Housing Finance, the publicly listed mortgage subsidiary of India’s Punjab National Bank (PNB).
KKR and GIC have agreed to invest a combined INR20.6 billion ($295 million) for minority stakes in India-listed infrastructure investment trust India Grid.
India Resurgence Fund (India RF), a joint venture between Bain Capital Credit and Piramal Enterprises to invest in distressed assets in India, has agreed to invest up to INR9.9 billion ($144 million) in Indian pharmaceutical developer Panacea Biotec.
Tencent Holdings has led a HK$911 million ($116 million) investment in Hong Kong-listed e-commerce service provider China Youzan, with participation by Gaocheng Capital and Greater Bay Area Homeland Investments, operator of the Greater Bay Area Homeland...
General Atlantic and Värde Partners have invested INR18.5 billion ($267 million) in PNB Housing Finance, the publicly listed mortgage subsidiary of India’s Punjab National Bank (PNB).
The Carlyle Group has agreed to invest RMB726 million ($108 million) for a 10% stake in Chinese home textiles maker Luolai Lifestyle Technology.
Singapore’s GIC Private has agreed to invest INR50 billion ($713 million) in India-based telecommunications provider Bharti Airtel.
The Carlyle Group has acquired a 9% stake in India-listed life insurance company SBI Life for INR46.4 billion ($653 million).
Convergent Finance, a private equity firm founded by former Fairfax India head Harsha Raghavan, has led a INR1.5 billion ($21.6 million) investment in contract consumer goods manufacturer Hindustan Foods.
Ontario Municipal Employees Retirement System (OMERS) has made its first investment in India’s infrastructure sector, buying a 22% stake in infrastructure investment trust IndInfravit Trust for INR8.7 billion ($122 million).
Tata Group ethics and sustainability veteran Mukund Rajan has helped pair some former colleagues with Quantum Advisors to tackle a messy environmental, social, and governance (ESG) situation in India
Novo Tellus Capital Partners has invested S$12 million ($8.8 million) in Procurri, a Singapore-listed provider of IT services and data center equipment.
GIC Private has invested in Vietcombank through a joint deal with Mizuho Bank worth VND6.2 trillion ($265 million), underlining the strong interest among private and strategic investors in Vietnam’s financial sector.
KKR backed in Qingdao Haier at a time when the Chinese white goods giant wanted to expand overseas and address competitive pressure at home. The GP helped it deliver on both fronts