Trade sale
AID Partners to sell stake in HMV to Japan's World Innovation Lab
AID Partners is set for a partial exit from HMV’s Asia business after agreeing to sell an 18.37% stake in the music and movie retailer to Japan-based World Innovation Lab for $9 million.
China cross-border industrial buyouts: Strategic rationale
Chinese outbound investment in advanced technology assets is soaring, but the patchy nature of deal flow underlines the gulf in class between those that aspire to do deals and those that get them done
Q&A: Archer Capital's Peter Wiggs
Peter Wiggs, CEO of Archer Capital, on why the IPO slowdown has helped PE deal flow, the attractiveness of education and healthcare, and recently spun-out Archer Growth
Asia Climate Partners backs India's ColdEX Logistics
Asia Climate Partners, a fund set up by the Asian Development Bank (ADB), Orix Corp, and Robeco Institutional Asset Management, has invested in India-based cold chain provider ColdEX Logistics.
India's VC-backed Tracxn launches start-up exit platform
Tracxn, an India-based start-up data analytics platform backed by SAIF Partners, has launched an online platform to help angel investors find exit opportunities from start-ups.
Bain, GIC, Advent buy minority stake in Quest Global
Bain Capital, GIC, and Advent International have bought a minority stake in Indian engineering services outsourcing firm Quest Global for $350 million, providing an exit for Warburg Pincus.
VIG set for 2.5x return as Affinity agrees to buy Burger King Korea
VIG Partners – formerly known as Vogo Investment – has agreed to sell the Burger King master franchise for Korea to Affinity Equity Partners, securing an approximately 2.5x return on its investment.
Ascendent sees 5x return on China high-speed rail investment
Ascendent Capital Partners has completed its exit from Nano Resources, a components manufacturer for high-speed trains, generating a more than 5x return.
PE to exit food platform Baicaowei to Chinese strategic
Haitong-Fortis Private Equity, a joint venture between Haitong Securities and BNP Paribas Investment Partners, is set to exit Chinese snack food platform Baicaowei to Shenzhen-listed jujube product maker Haoxiangni.
Deal focus: Partners Group brings global expertise to Australian childcare
Partners Group lost out to Navis Capital Partners when Guardian Early Learning was put up for sale three years ago. The firm wasn't going to let the opportunity slip from its grasp a second time
Chinese container maker buys Switzerland’s SIGG from Riverside
Zhejiang Haers Vacuum Containers, a Chinese stainless vacuum container manufacturer, has agreed to pay The Riverside Company CHF16.1 million ($16.6 million) in cash for Swiss bottle maker SIGG.
Beijing Enterprises to buy Germany's EEW from EQT for $1.6b
Chinese state-owned conglomerate Beijing Enterprises Holding (BEHL) has agreed to buy EEW Energy from Waste, a German waste management company, from EQT Partners for EUR1.44 billion ($1.6 billion).
Apax sells stake in Tommy Hilfiger China JV
Apax Partners and other shareholders in Tommy Hilfiger Asia (TH Asia) have agreed to sell their remaining stake in the company to Philips-Van Heusen Corp (PVH), owner of the Tommy Hilfiger parent corporation, for about $172 million.
FountainVest agrees $920m sale of KSS to Chinese strategic
FountainVest Partners has agreed to sell Key Safety Systems (KSS), a US-based auto components manufacturer that it acquired in 2014, to Shanghai-listed Ningbo Joyson Electronic Corporation for $920 million.
Q&A: KKR's David Liu and Ming Lu
David Liu and Ming Lu, who head up KKR’s private equity operations in Asia, discuss dislocation in China and its neighboring markets, engineering cross-border deal flow, and how GPs can differentiate themselves
Deal focus: Investors exit as Tsingda refocuses on domestic IPO
OCBC's mezzanine capital unit and RRJ Capital both secure nearly 3x returns as China-based Tsingda eEdu Corp positions itself for a domestic listing
Alibaba to sell stake in China O2O services platform
Alibaba Group has confirmed it will exit Meituan, the China-based online-to-offline (O2O) services provider that agreed to merge with rival Dianping last year, in order to focus on its own platform.
OCBC’s PE unit exits China-based Tsingda eEdu
Mezzanine Capital Unit (MCU), a PE investment unit under Singapore’s OCBC Bank, has sold its stake in China education service provider Tsingda eEdu, generating nearly 3x return on a $20 million investment made in August 2014.
CVC, Lippo postpone plan to exit Indonesia's Link Net
CVC Capital Partners and the Riady family's Lippo Group have suspended plans to sell their majority stake in Link Net, an Indonesian fixed-line broadband and cable TV operator.
Deal focus: Bain revives FCI in Asia
Bain Capital spent 10 years restructuring Europe-based FCI - more than returning its capital from divestments in the process - into an Asia-focused electronics business
Deal focus: Abraaj builds on India healthcare foundation
The Abraaj Group buys India's CARE Hospitals from Advent International with a view to taking the business into new markets
Deal focus: AGIC targets Sino-German industrial synergies
AGIC Capital sees the $1 billion acquisition of KraussMaffei from Onex as just one example of the rich seam of cross-border deal flow available for Chinese investors in Germany
4Q analysis: Ending with a whimper
4Q analysis: Bain Capital and PAG shine in a difficult fundraising environment; large-ticket infrastructure and tech deals offer pointers for 2016; public market volatility continues to hamper PE exits
Abraaj to buy India's CARE Hospitals from Advent
The Abraaj Group has agreed to buy CARE Hospitals, India's fifth-largest healthcare provider from Advent International.