Trade sale
India fintech player Cred closes $140m Series F
Cred, an India-based credit card rewards provider, has closed a USD 140m Series F round that includes a secondary component intended to facilitate exits for existing investors.
Korea's Kakao considers partial divestment of mobility spin-out
South Korean internet giant Kakao has indicated it may sell around 10% of Kakao Mobility, its transportation division, which has several private equity backers.
Quadrant exits Australia underwear brand to Swedish strategic
Quadrant Private Equity has exited Australian hygiene apparel brand Modibodi to Swedish strategic Essity for AUD 140m (USD 96m).
Navis exits Hong Kong's Texon to global strategic
Navis Capital Partners has exited its entire controlling position in Hong Kong footwear components supplier Texon to UK-listed Coats Group for an enterprise value of USD 237m.
Deal focus: India’s Shubham sees opening to accelerate
Shubham believes its long-curated datasets and institutional memory differentiate it from a growing pack of low-income housing lenders. Global impact investors appear convinced
Deal focus: CDH plays Asia wellness card
CDH Investments turned The Better Health Company from a New Zealand-only player into a brand with regional recognition. COVID-19 proved a minor obstacle to an ultimately successful trade sale
Baring Asia exits Cath Kidston to UK turnaround investor
Baring Private Equity Asia (BPEA) has exited Cath Kidston, a UK lifestyle retailer that underwent a restructuring during the initial phase of COVID-19, to turnaround investor Hilco Capital.
India affordable housing player raises $112m
Indian lower-income mortgage lender Shubham has raised USD 112m led by British International Investment (BII). It facilitates exits for Elevar Equity and Motilal Oswal Private Equity (MOPE).
CDH exits New Zealand supplements brand to Nestle
CDH Investments has agreed to sell New Zealand-based supplements manufacturer The Better Health Company (TBHC) to Nestlé Health Science for an undisclosed sum.
India's Pine Labs buys VC-backed Setu
Indian financial technology company Pine Labs, which has raised more than USD 1.5bn in private funding, has acquired VC-backed counterpart Setu.
India's Zomato buys PE-backed Blinkit for $567m
India-based online food services platform Zomato has agreed to acquire Blinkit – a private equity-backed quick commerce start-up formerly known as Grofers – for INR 44.5bn (USD 567m).
Circle buys VC-backed Taiwan crypto infrastructure platform
Cybavo, a Taiwan-based crypto technology player that provides platforms for digital asset custody and blockchain application development, has agreed to be acquired by US digital currency specialist Circle for an undisclosed sum.
India's Gupshup acquires VC-backed OneDirect
India-based B2C messaging services provider Gupshup has acquired OneDirect, a local customer service platform that previously received several rounds of funding from Sequoia Capital India.
Singapore's VC-backed One Animation acquired by UK strategic
One Animation, a VC-backed, Singapore-based cartoon studio, has been acquired by Moonbug Entertainment of the UK for an undisclosed sum.
Carlyle buys China's HCP Packaging from Baring Asia
The Carlyle Group will become HCP Packaging’s third consecutive private equity owner, having agreed to acquire the China-based packaging from Baring Private Equity Asia (BPEA).
Vodafone New Zealand buys out PE partner in retail JV
Millennium Corp, a specialist technology, media, and telecom (TMT) investor operating in New Zealand and the Pacific region, has exited its 50% stake in Vodafone New Zealand’s retail stores.
TPG, Temasek invest $136m in India's Dr Agarwal’s
TPG Growth and Temasek Holdings have invested a combined INR 10.5bn (USD 136m) in Indian eyecare chain Dr. Agarwal’s Eye Hospital, setting up an exit for ADV Partners.
Bain sells Australia childcare business for $320m
Bain Capital has sold Australia-based daycare provider Only About Children (OAC) to US strategic investor Bright Horizons Family Solutions for AUD 450m (USD 320m).
Actis sells India renewables platform to Shell for $1.55b
Actis has sold Indian renewables platform Sprng Energy, including its flagship solar business Solenergi Power, to Shell Overseas investment for USD 1.55bn.
MSPEA buys control of Singapore-listed APAC Realty
Morgan Stanley Private Equity Asia (MSPEA) as agreed to buy Northstar Group’s majority stake in APAC Realty, a Singapore-listed real estate services company in Asia, for SGD 129.5m (USD 94.2m).
Amazon buys VC-backed Indian social commerce player
GlowRoad, an India-based social commerce start-up that has received several rounds of VC funding, has been acquired by Amazon for an undisclosed sum.
1Q analysis: Monetising managers
Baring Asia and PAG underline the value of their management entities; exits slump amid uncertainty; BGH Capital, renminbi GPs shore up fundraising; investment fails to extend the late 2021 flourish
CPE sells New Zealand shipping business to Morgan Stanley
Australian middle-market private equity firm CPE Capital has sold StraitNZ, a ferry and logistics operator that runs services across the Cook Strait between New Zealand’s North and South Islands, to Morgan Stanley Infrastructure Partners (MSIP).
Carlyle sells Japan construction materials supplier to Lone Star
The Carlyle Group has sold Senqcia Corporation, a Japanese construction materials supplier formerly known as Hitachi Metals Techno, to Lone Star Funds for an undisclosed sum.
