PIPEs
TPG and CNinsure’s CEO aim to take full control of the company
Leading private equity firm TPG will team up with Yinan Hu, CEO of Chinese insurance intermediary, CNinsure, to take over the Nasdaq-listed company. The partnership has made proposal to acquire the shares of CNinsure that TPG and Hu did not owns.
Temasek takes stake in Canadian mining firm
Singaporean sovereign wealth fund Temasek Holding has purchased approximately 11% of publicly listed Canadian mining group Inmet Mining Corporation for CAN$500 million ($511million).
Tencent to take shares in Huayi Brothers Media
China’s internet giant Tencent will reportedly make a strategic investment in Huayi Brothers Media, a Shenzhen-listed film distributor and TV produce based in Beijing and Hong Kong.
Australian cleaning company rejects private equity bid
Spotless Group, a ASX-listed Melbourne-based cleaning services company, has rejected a conditional $700 million bid from a private equity firm, Blackstone, reported by Reuters.
Dutchess Capital injects $16.3m in Motopia in Australia
The US-based Dutchess Capital Management, a fund manager specializing on short-term and growth-stage public companies that fall under the ‘special situation’ category, will invest up to A$15 million ($16.3 million) in Motopia Limited, taking a 19.99%...
KKR may take Singaporean abalone producer
US buyout firm Kohlberg Kravis Roberts & Co (KKR) is reportedly in discussions to acquire Oceanus Group, the Singapore-listed abalone farmer, for a deal which may be worth around $500 million, Reuters reported.
Macquarie Goodman Japan abandons plan to take control of J-REP
Macquarie Goodman Japan Pte. Ltd (MGJ), a joint venture fund held by Australia’s Macquarie Bank and Goodman Group, the logistic and property investor partially owned by China Investment Corporation, has scrapped plans to take the remaining shares of...
D.E. Shaw invests in Indian PIPE
DE Shaw, a global private equity and hedge fund company, is reportedly closing in on a 14.16 % stake acquisition in listed media channel operator New Delhi Television Ltd. (NDTV) INR70 crore ($158.4 million).
China Fire & Security courted by PE suitor
Publicly listed safety products maker China Fire & Security Group Inc. has reportedly been approached by an unnamed private equity firm to buy its entire cache of outstanding shares.
Clean Water takes over Sinomem for S$351m
Clean Water Investment, an affiliate of private equity firm CDH China Management, is to acquire Singapore-listed water treatment group Sinomem Technology Limited via a voluntary conditional cash transaction, according to a document sent to the Singapore...
Sequoia departures put question mark over fund’s future
Four of Sequoia Capital India’s founding partners have resigned from the VC firm to set up a new fund, which will focus on domestic PIPE transactions.
FountainVest taps into local PIPE deal
Hong Kong-based PE firm FountainVest Partners had sealed an investment deal with LK Technology, a domestic die-casting machine manufacturer, for HK$400 million ($51.3 million).
Milestone invests $30 million in Chinese pharma group
Milestone Capital, a Shanghai-based private equity firm, has reached an agreement to invest $30 million in China BCT Pharmacy Group, Inc., a listed pharmaceutical distributor, retail pharmacy, and manufacturer of pharmaceutical products in Guangxi Province,...
Dragon Capital clean energy PIPE in Laos
Laos’ position as an investment destination has been improved this week as state-backed Electricite du Laos Generation (EdL Gen) received its second private equity investment in so many weeks, with Dragon Capital purchasing $3.36 million worth of shares...
Temasek divests Thai hospital stake
In a letter to The Stock Exchange of Thailand, the Director of Bumrungrad Hospital said that the group has been notified by Temasek – Singapore’s sovereign wealth fund – that it has sold nearly 42.7 million shares of the group for THB29.25 ($0.95)...
Leopard Capital takes stake in Laos hydro-power firm
Leopard Capital L.P., through its Leopard Cambodia Fund, has taken a 2.32% stake in the soon-to-be publicly listed Laos hydro-electric power company Electricite Du Laos Generating Company (EDL Genco).
Carlyle sees 6x return on China Pacific Insurer stake sale
US buyout giant The Carlyle Group has sold $860 million worth of shares, equal to a 2.5% stake, in China Pacific Insurance, the third-largest insurer in China.
SCPE boosts stake in Korea's Dasan to 15.69%
Standard Chartered Private Equity has increased its stake in Dasan Networks, a South Korean telecom network equipment company, by 2.1%, boosting its total stake in the company to 15.69%.
Steel Partner further reduces stake in Sapporo to 7.8%
Steel Partners Japan Strategic Fund, the Japanese investment arm of New York-based Steel Partners, has decreased its stake in Tokyo-based brewer Sapporo Holdings from 13.14% to 7.88%, though it remains the largest shareholder of the company.
Morgan Stanley exits its entire stake in CICC with government approval
The China Securities Regulatory Commission (CSRC) has finally approved Kohlberg Kravis Roberts, TPG Capital, the Government of Singapore Investment Corporation and Great Eastern Life Assurance’s purchase of Morgan Stanley’s 34.3% stake in Mainland...
Infinity Group leads $14.3 million investment in Chinese heat-exchange firm
Tel Aviv-headquartered Infinity Group has led a $14.3 million investment into China’s THT Heat Transfer Technology, Inc. The RMB fund pioneer and cross-border specialist will invest $9 million with the remaining capital to be provided by MC Capital,...
Temasek seeks to invest $110 million in Huaneng Group Corp.’s renewable-energy unit
Singapore SWF Temasek Holdings will buy a combined $110 million worth of shares in the initial public offering of China Huaneng Group Corp.’s renewable-energy unit, according to reports.
Advent International Japan looking at PIPEs
Advent International’s Japan unit is looking at PIPE opportunities locally and is currently assessing deals, the firm’s spokesman told AVCJ.
Warburg Pincus makes PIPE investment in Mingfa Group
Warburg Pincus has entered into a share subscription agreement with Mingfa Group, an HKSE-listed major developer in Jiangsu and Fujian that focuses on large-scale projects in second and third-tier cities.