PIPEs
ICICI Venture exits India textile play Sangham
ICICI Venture has exited its remaining stake in Sangham India Ltd., a textiles manufacturer and spinning business headquartered in Bhilwara in Rajasthan, for $6.85 million, as confirmed by AVCJ Research data.
Yorkville Advisors invests $35 million in Zhongda International
Yorkville Advisors will make an investment of HKD275 million ($35 million) in Zhongda International Holdings Ltd., a leading manufacturer and distributor of automotive equipment and commercial vehicles in China, through an equity line facility.
TPG Capital, General Atlantic aiming to raise $200 million from Lenovo share sale: reports
TPG Capital, including its onetime subsidiary Newbridge Capital, and General Atlantic are planning to sell 282,263 million shares in investee Lenovo Group Ltd. on the Hong Kong Stock Exchange, aiming to raise up to $200 million, according to reports.
The shape of the future?
As Asia Pacific private equity begins its biggest public event of the year, it also has seen the apparent eclipse of one of its stars.
Elara, Cresta Fund invest India's Su-Raj Diamonds
Institutional investors Elara Capital and Cresta Fund have jointly invested INR35 crore ($8 million) for a 7.4% stake in Su-Raj Diamonds and Jewellery, in addition to issuing warrants that will enable the company's promoters to raise an an extra INR23.8...
TPG to invest $25 million in Hong Kong Energy through PIPE deal
US buyout major TPG Capital has announced an agreement with Hong Kong Energy (HKE), a listed alternative energy developer and operator in Greater China, to purchase HK$195 million ($25.1 million) of convertible preference shares in the company.
GA makes partial exit from China's Zhongsheng Holdings, gets $64 million
General Atlantic (GA) has sold a portion of its holdings in Zhongsheng Group Holdings Ltd., an automobile dealer group in China, which launched $370 million IPO in Hong Kong this year, making an estimated $64 million, according to reports.
Ascent invests India infrastructure, real estate with IVRCL Assets
Ascent Capital Advisors India, the Indian private equity firm that launched out of UTI Venture Funds Management, has made a PIPE investment of some INR150 crore ($33.8 million) into IVRCL Assets and Holdings, a Hyderabad-headquartered infrastructure and...
Prax Capital does NASDAQ PIPE in China's Keyuan Petrochemicals
China-focused private equity firm Prax Capital Management has led a $20.3 million PIPE investment in NASDAQ-listed Keyuan Petrochemicals, Inc., a Chinese petrochemical products manufacturer.
Intel Capital to invest in India's Allied Digital
Intel Capital is to commit some INR32 crore ($7.3 million) to BSE-listed Indian IT company Allied Digital Services Ltd., to pick up warrants convertible into around a 3% stake in the IT services and solutions business.
Morgan Stanley PE invests Sequoia-backed luxury retailer Sparkle Roll
Morgan Stanley Private Equity Asia (MSPEA) has injected $42 million in HKSE-listed Sparkle Roll Group, which retails branded luxury products such as cars, jewelry and wine.
Hopu-backed Winsway to sell pre-IPO stake to Daiwa SB Investment
Hopu Investment Management-backed Winsway Coking Coal Holdings Ltd, which plans to raise up to $574 million from an IPO in Hong Kong, is about three times covered on the sixth day of its bookbuilding, and has secured Daiwa SB Investments to buy $40 million...
Apax and GA confirm 19% each of SouFun for $163 million apiece
European private equity firm Apax Partners and US large-scale VC leader General Atlantic (GA) formally announced the completion of their acquisition plan to each take a 19% stake in SouFun, the Chinese real estate classifieds website that just went public...
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.
Standard Chartered makes $23 million PE investment in Korean teleco operator
Standard Chartered Private Equity Limited (SCPE), the UK lender's Singapore-headquartered PE unit, will invest $23 million in KOSDAQ-listed telecom network equipment and solutions company Dasan Networks, Inc.
SBI Macquarie Infrastructure Fund takes 12% of power project in India
SBI Macquarie Infrastructure Fund, a joint venture between the State Bank of India and Australia's Macquarie Group Limited, has reportedly taken a 12% stake in India's Adhunik Power and Natural Resources for IND125 crore ($26.9 million).
ACA takes 10% of listed drug store chain in Japan
ACA Inc., a Tokyo-based private equity firm with special focus on healthcare and media, has taken a 10% stake through a PIPE investment in Create SD Holdings, a drug store chain operator, for approximately $50 million.
Carlyle to take 11.3% of Pokphand for China
The Carlyle Group has agreed to acquire an 11.3% stake in Thailand-headquartered animal-feed maker C.P. Pokphand Co., the second largest supplier of animal feed by sales in China, from Charoen Pokphand Group, Thailand’s largest agribusiness conglomerate,...
Japan's DRC climbs into Kojitu
DRC II, a private equity investment vehicle operated by DRC Capital in Japan, will take a 16.83% stake in Kajitu.Co., Ltd., a JASDAQ-listed climbing and outdoor goods retailer, for JPY227 million ($2.5 million), as part of a capital-raising exercise involving...
AgBank announces IPO prices in Hong Kong
Ahead of its intended IPO later this year, the Agricultural Bank of China (AgBank) announced that it looks to sell 25.4 billion of its shares in Hong Kong for HK$2.88-3.48 ($0.37-0.45) apiece in hopes of raising $13 billion in the SAR.
Consortium to invest $279.5 million into Tangshan Jidong Cement
A consortium of investors including Singapore's GIC, New Horizon, and US multi-strategy firm Siguler Guff,plans to invest more than RMB1.9 billion ($279.5 million) into Tangshan Jidong Cement Co., a PRC cement business, to take a 10% stake in the Shenzhen-listed...
KIC allots $200 million for Chesapeake
South Korean SWF the Korea Investment Corporation (KIC) has said that it will invest $200 million as part of its participation in the $900 million stock issue by heavily indebted US natural gas and energy company Chesapeake Energy.
Fosun, A Capital co-invest Club Med
A Capital Asia, the Hong Kong-based private equity and financial advisory firm, has announced a PIPE co-investment with Fosun, China's largest privately-held conglomerate, in Euronext-listed Club Méditerranée (Club Med), with Fosun picking up a 7.1%...
Sequoia backs Hindusthan National Glass
Sequoia Capital India has invested $27 million into Indian domestic consumer and household glass container manufacturer Hindusthan National Glass and Industries, through a public markets deal.