Europe
Teutonic again: China targets German technology
The recent flood of Chinese strategic investment in Germany's industrial sector is reminiscent of the previous episode in 2012 - and the motivations are largely the same
KKR to support European solar player's Japan expansion plans
KKR has acquired a majority stake in Gestamp Solar, a Spain-based developer and operator of solar plants that is looking to expand its business in Japan. The deal values the business at approximately $1 billion.
Chinese consortium to buy browser provider Opera for $1.2b
A Chinese consortium featuring Qihoo 360 Technology – which recently agreed a $9.3 billion private equity-backed take-private – is poised to acquire Norway-headquartered internet browser developer Opera Software for $1.2 billion.
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).
Go Scale still committed to global deals, despite Lumileds setback
Go Scale Capital will continue to target international acquisitions, including in the US, despite the termination of a deal for Philips’ LED components and automotive lighting unit due to regulatory concerns.
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
China Cocoon Network launches $720m European tech fund
London-based Cocoon Networks, which is backed private equity firms China Equity Group and Hanxin Capital, has launched a GBP500 million ($720 million) venture fund to invest in UK and European technology start-ups.
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
AGIC joins $1b Chinese acquisition of KraussMaffei
AGIC Capital, a private equity firm that focuses on China-Europe cross-border investments, has teamed up with two Chinese companies to acquire KraussMaffei Group from Onex Corporation at an enterprise valuation of EUR925 million ($1.01 billion).
L Capital to merge with US-based Catterton
L Capital, a private equity firm sponsored by luxury goods giant LVMH, will merge with consumer-focused GP Catterton to form L Catterton.
CMC, CITIC Capital acquire 13% of City Football Group
China Media Capital Holdings (CMC Holdings) and CITIC Capital have paid $400 million for a 13% stake in Abu Dhabi-based City Football Group (CFG), which owns the Manchester City Football Club and other related businesses.
Rakuten launches $100m fund for global fintech investments
Japanese e-commerce giant Rakuten has launched a $100 million fund for investments in financial technology start-ups worldwide.
French investor buys 5% stake in Warburg Pincus
Billionaire investor Marc Ladreit de Lacharriere, the CEO of French financial services firm Fimalac, has bought a 5% stake in Warburg Pincus and become a senior strategic partner at the firm.
Hera Capital exits China's ActSocial to Linkfluence
Singapore-based private equity investor Hera Capital has agreed to sell its entire stake in Shanghai and Singapore-based social media analytics firm ActSocial to Linkfluence, a European company with a similar remit.
AGIC reaches $550m first close on China-Europe fund
Asia-Germany Industrial Promotion Capital (AGIC), a PE firm focused on China-Europe cross-border investments, has reached a first close of $550 million on its debut fund.
Deal focus: Monde Nissin develops a taste for Quorn
Monde Nissin's acquisition of Quorn Foods from Exponent Private Equity reflects the growing interest among Philippines conglomerates for overseas assets
Media-for-equity: Outside the box
Media-for-equity investing has become a well-established niche market in Europe. To take hold in Asia, the model requires the right investors and the right customers
Philippines' Monde Nissin to buy Quorn Foods from PE owners
Philippines food conglomerate Monde Nissin has agreed to buy Quorn Foods from UK-focused GP Exponent Private Equity and Intermediate Capital Group (IGC) at an enterprise valuation of GBP550 million ($835 million).
CHAMP PE to make partial exit from Accolade Wines
Australia-based CHAMP Private Equity is set for a partial exit from Accolade Wines after agreeing to sell its 50% stake in UK-based drinks wholesaler Matthew Clark to Conviviality Retail, owner of a franchised off-license chain in the UK.
Auda to be brought under HQ Capital brand
Auda International, the private equity arm of the Harald Quandt family, has been folded under the HQ Capital brand alongside its sister alternative investment businesses.
Baring Asia buys 40% stake in Bright Food-controlled Weetabix
Baring Private Equity Asia has acquired a 40% stake in UK-based cereals producer Weetabix and will work alongside Bright Food Group – which holds the remaining 60% – to expand the business in China.
Partners Group-owned Trimco buys A-Tex from Polaris
Trimco, a Hong Kong-headquartered garment label manufacturer controlled by Partners Group, has agreed to buy industry peer A-Tex from Europe-based Polaris Private Equity.
Kerogen to invest $100m in North Sea gas developer
Kerogen Capital, a Hong Kong-headquartered energy investor, has committed up to $100 million to Zennor Petroleum, an exploration and production (E&P) company that focuses on the UK’s North Sea area.
Japan sportswear firm buys PE-backed UK brand
Japanese sportswear company Descente has bought an 80% stake in UK sports brand Inov-8, providing an exit for the firm's private equity backer Livingbridge. The financial details were not disclosed.