Trade sale
Australia's Allegro completes sale of Vulcanite Holdings
Allegro Funds Group has exited Australia-based Vulcanite Holdings to German multinational Continental, five years after acquiring the molded rubber parts specialist through a management buyout.
India's Myntra to buy Rocket-backed Jabong
Myntra, the Indian fashion retailer backed by e-commerce giant Flipkart, has agreed to buy its main rival Jabong from Rocket Internet's Global Fashion Group (GFG).
KKR to exit GenesisCare as China Resources, Macquarie buy control
KKR will sell its 45% stake in Australia-based healthcare provider GenesisCare as China Resources Group and Macquarie Capital agreed to buy a majority interest in the business.
Tiger to sell Caratlane for $53m
Tiger Global Management will sell its stake in online jewelry retailer Caratlane for INR3.6 billion ($53 million) to jeweler and watchmaker Titan.
CX Partners, Capital Square to exit India's Minacs to US strategic
CX Partners and Capital Square Partners have agreed to exit India and US-based business process outsourcing (BPO) firm The Minacs Group to US-based BPO provider Synnex.
Terra Firma to exit Odeon & UCI Cinemas to Wanda's AMC
UK private equity firm Terra Firma will exit Odeon & UCI Cinemas for GBP921 million ($1.2 billion) to AMC Entertainment, a US-listed cinema chain operator owned by Chinese conglomerate Dalian Wanda Group.
IDFC Bank to buy India's VC-backed Grama Vidiyal
IDFC Bank, a division of Indian infrastructure lender IDFC, has agreed to buy non-banking finance company (NBFC) Grama Vidiyal Micro Finance, providing an exit for its VC backers.
CLSA exits Japanese used car auction operator
CLSA Capital Partners, the alternative asset management arm of Hong Kong-headquartered brokerage and investment group CLSA, has fully exited its stake in Japanese used car auction operator Mirive.
Advent makes two investments in Australia
Australia’s Advent Private Capital has made investments in two separate domestic social services companies on the back of two exits.
Alibaba acquires VC-backed Chinese app platform Wandoujia
Alibaba Group has bought China-based Android mobile app platform Wandoujia - which has several VC and PE investors, including DCM Ventures and Goldman Sachs - for an undisclosed sum.
China's CIC backs buyout of French property services player
China Investment Corporation (CIC) has joined a consortium to acquire French property services company Foncia for EUR1.8 billion ($2 billion).
Oaktree exits Australia's AMG to strategic player
Oaktree Capital Management has sold Australian media platform and content provider Active Media Group (AMG) to outdoor advertising business Val Morgan Outdoor (VMO) for an undisclosed amount.
Australia's Telstra buys Blue Sky-backed Readify
Telstra has acquired Blue Sky Private Equity’s majority stake in Australian IT services company Readify.
OTPP-owned Nextgen sells network assets in Australia
Nextgen Group, the Australian telecommunication network owned by Ontario Teachers' Pension Plan (OTPP) and CIMIC Group, has agreed to sell some of its assets to Vocus Communications.
SoftBank exits Finland's Supercell to Tencent in $10.2b deal
Tencent Holdings has agreed to buy a majority stake in Finland-based mobile game developer Supercell, allowing SoftBank to exit its entire holding in the company in a deal valuing it at $10.2 billion.
KKR exits French energy firm to Australia's First State
KKR has sold its stake in French district heating provider Coriance to First State Investments, the asset management division of the Commonwealth Bank of Australia.
Indian regulator nixes acquisition of PE-backed Sharekhan
India's Foreign Investment Promotion Board (FIPB) has rejected BNC Paribas' proposed acquisition of PE-backed retail brokerage Sharekhan.
Tata Power to acquire ADB, DEG-backed Welspun Renewables
India's Tata Power has agreed to acquire Welspun Renewables (WREPL), a subsidiary of Welspun Energy backed by the Asian Development Bank (ADB) and German development finance institution DEG.
Blackstone sells German wind farm to China Three Gorges
China Three Gorges Corporation has agreed to buy an 80% interest in one of Germany’s largest offshore wind farms from The Blackstone Group.
Chinese strategic to buy VC-backed US marketing platform
Spearhead Integrated Marketing Communication Group, a Beijing-based offline marketing service provider, will buy Smaato, a California-based mobile ad exchange backed by Singapore's EDB Investments (EDBI) and Singapore Press Holdings.
Navis, Symphony buy French furniture brand Christian Liaigre
Navis Capital Partners and Symphony International Holdings have acquired Christian Liaigre Group, a French luxury furniture brand that is looking to expand in Asia, from Bridgepoint Development Capital for an undisclosed sum.
EQT exits Modern Metal to China’s JD Capital
EQT Partners has exited Modern Metal & Precision, a Chinese aluminum die casting manufacturer, to China-based private equity firm JD Capital.
Telkom Indonesia abandons acquisition of PE-owned TeleGuam
State-controlled telecommunications company Telkom Indonesia has terminated its acquisition of TeleGuam on the US island of Guam from Japan’s Advantage Partners.
Intel Capital cancels plans for secondary sale
Intel Capital, the captive VC arm of Intel Corp, appears to have abandoned plans to offload some of its investments in technology companies, with Wendell Brooks (pictured), the unit’s president, saying there will be no major changes to the portfolio.