Trade sale
IDFC exits India's Essar Power for $87.1m
IDFC Alternatives has fully exited its stake in Indian power plant operator Essar Power for INR5.8 billion ($87.1 million).
MBK to buy Korean gas business from Goldman consortium
MBK Partners has agreed to buy Daesung Industrial Gases from a Goldman Sachs-led consortium that has majority-owned the South Korean industrial gas manufacturer since July 2014.
Japan's Mercari buys VC-backed e-commerce player
Japanese e-commerce company Mercari has agreed to acquire domestic competitor Zawatt, setting up an exit for a number of venture capital backers.
China’s Baidu acquires VC-backed AI player Raven Tech
Chinese search giant Baidu has acquired Beijing-based Raven Tech, an artificial intelligence (AI) start-up backed by several VC investors, for an undisclosed sum.
China O2O player buys VC-backed last-mile delivery app
Huimin, a Chinese B2B e-commerce platform that focuses on small-scale supermarkets, has acquired a controlling stake at Beequick, a snack food delivery app backed by several VC investors.
MSPEA, Far EasTone abandon bid for Taiwan's CNS
Morgan Stanley Private Equity Asia (MSPEA) and Far EasTone Telecommunications have withdrawn their bid for Taiwan cable TV operator China Network Systems (CNS) after the deal became bogged down by regulatory reviews.
Avery Dennison to buy China's YongLe Tape from Shaw Kwei
Shaw Kwei & Partners has agreed to sell YongLe Tape – a Chinese PVC adhesive tape manufacturer that it privatized in 2012 – to Avery Dennison for $190 million, with additional earn-outs of up to $55 million.
German strategic buys majority stake in ICG-backed Cura Group
German healthcare services and equipment provider Fresenius Medical Care has agreed to take control of Australia’s Cura Group, a hospital operator backed by Intermediate Capital Group (ICG).
China’s Toutiao acquires US VC-backed video app Flipagram
Chinese mobile news reading app Toutiao has acquired Flipagram, a US-based video sharing app backed by several VC investors, for an undisclosed amount.
Japan’s Advantage exits GTA TeleGuam to US investor
Japan-based Advantage Partners has agreed to sell its controlling stake in GTA TeleGuam, the principal telecommunications provider on the US island of Guam, to US-based family office Huntsman Family Investments (HFI).
iSigma exits Japan's Sweet Style
ISigma, a mid-size buyout firm controlled by trading and investment conglomerate Marubeni, has exited its 100% stake in Japanese food and beverage company Sweet Style to Mitsuuroko Group.
France's Ingenico buys India's PE-backed TechProcess
French electronic payment service provider Ingenico has agreed to buy TechProcess, an Indian developer of online and mobile payment services backed by several VC investors.
Alibaba’s Ant Financial to buy THL-backed MoneyGram
Thomas H. Lee Partners (THL) will exit US-listed MoneyGram following an agreement to merge the money-transfer services provider with Ant Financial, a PE-backed online financial services affiliate of Alibaba Group, in a deal that values the business at...
New Zealand's VC-backed Phitek Systems sold to US tech player
New Zealand-based audio equipment and technology developer Phitek Systems has been sold to a US strategic buyer, providing an exit for a number of domestic VC investors.
Deal focus: Pencarrow profits from grocery wars
Having bought BrewGroup by taking advantage of competitive deadlock in New Zealand's supermarket space, Pencarrow Private Equity grew the business in Australia and has now sold it to Jacobs Douwe Egberts
Bridgepoint agrees sale of Nordic Cinema to Chinese strategic
AMC Entertainment, the US theatre chain controlled by China’s Dalian Wanda Group, will acquire Stockholm-based Nordic Cinema Group from PE firm Bridgepoint and Swedish media group Bonnier Holding for SEK8.25 billion ($929 million).
Pencarrow sells NZ beverage company to Dutch trade buyer
New Zealand’s Pencarrow Private Equity has sold 100% of domestic tea and coffee company BrewGroup to Jacobs Douwe Egberts (JDE), a Netherlands-based beverages group active in more than 100 countries.
Warburg Pincus invests $120m in India's PVR
Warburg Pincus has invested INR8.2 billion ($120 million) for a 14% stake in Indian listed film and retail entertainment company PVR, providing a partial exit for Multiples Alternative Asset Management.
CVC to exit China quick service restaurant chain Da Niang
CVC Capital Partners has agreed to sell Chinese quick service restaurant operator Da Niang Dumpling Holdings to domestic hotel operator GreenTree Inns.
China's Shiji acquires VC-backed analytics start-up
Beijing Shiji Information Technology, a big data services provider for hotels, has acquired a majority stake in US-based ReviewPro, a VC-backed company with a suite of complementary products.
China Exim Bank fund buys Hungary's Invitel from Mid Europa
The China-CEE Fund, which is backed by China Exim Bank and invests in Central and Eastern Europe, has agreed to buy Hungarian fixed line telecom and broadband internet provider Invitel Group for an enterprise valuation of EUR202 million ($214 million).
Japan's Polaris exits Clean Surface Technology
Japan-based Polaris Capital has sold its 100% stake in domestic electronics supplier Clean Surface Technology (CST) to coal mining company Mitsui Matsushima for JPY4 billion ($35 million).
Tembusu exits Singapore-based Ednovation to CDH
CDH Investments has acquired a 36% stake in Ednovation, a Singapore-based operator of pre-schools in Southeast Asia and China, from Tembusu Partners in a deal said to be worth more than S$50 million ($35 million).
Apax sells 48% stake in GlobalLogic to CPPIB
Apax Partners has sold a 48% stake in GlobalLogic, an IT outsourcing company founded by several Indian entrepreneurs and which continues to have a sizeable presence in the country, to Canada Pension Plan Investment Board (CPPIB).