Regions
Morgan Stanley PE Asia makes partial exit from Sihuan Pharma
Morgan Stanley Private Equity Asia (MSPEA) will make a partial exit from Hong Kong-listed Sihuan Pharmaceutical Holdings, joining company management in selling a 6.8% stake via a block trade agreement.
Lombard closes fourth Asia fund at $350m hard cap
Lombard Investments has closed its fourth Asia fund at the hard cap for institutional commitments of $350 million after 18 months in the market. It will make growth-oriented investments in companies formed and operated in Southeast Asia.
CHAMP, Headland seek full acquisition of Miclyn Express Offshore
CHAMP Private Equity and Hong Kong's Headland Capital Partners have offered to buy the 24.8% of oil and gas services group Miclyn Express Offshore (MEO) they do not own for around A$150 million ($137 million).
CFIUS approves Shuanghui acquisition of Smithfield Foods
The Committee on Foreign Investment in the United States (CFIUS) has cleared the way for PE-backed Chinese pork producer Shuanghui International to buy US counterpart Smithfield Foods, overcoming one of the biggest hurdles to the $4.7 billion deal.
Navis buys Australian childcare business from Wolseley
Navis Capital Partners has acquired Australian childcare services provider Guardian Early Learning Group from Wolseley Private Equity with a view to helping the 69-center chain double in size. The transaction value was not disclosed but sources indicate...
Standard Chartered PE raises stake in Fortis Healthcare
Standard Chartered Private Equity (SCPE) has invested a further INR370.3 million ($5.7 million) to buy preferential shares in India’s Fortis Healthcare. It brings SCPE’s total investment into the company to approximately INR2.5 billion.
KKR leads race for Panasonic healthcare unit - report
KKR is said to have taken the lead in the bidding for a majority stake in Panasonic's healthcare unit - a potential $1.5 billion deal that would represent the firm's largest Japanese buyout to date.
Shenzhen Capital invests in China mobile app start-up ShareSDK
Shenzhen Capital Group has committed a Series A round of funding to ShareSDK, a Guangzhou-based mobile app service provider. Details of the investment were undisclosed.
Patni Brothers set up incubator for India big data start-ups
The co-founders of Nirvana Venture Advisors, brothers Arihant and Amit Patni, have set up Hive Technologies to help launch and fund Indian big data start-ups.
Lunar Capital exits China mobile payment business to Ping An
Lunar Capital and co-investors RRE Ventures and Icon have exited SmartPay, one of China’s leading third-party online payment providers, to an affiliate of Ping An Insurance Group. The insurer, which also has bank and asset management interests, is said...
Motilal Oswal PE taps overseas, domestic LPs for $155m fund
Motilal Oswal Private Equity (MOPE) has closed its India Business Excellence Fund II (IBEF-II) at $155 million (INR10 billion).
Matrix India commits $6m to Meditrina Hospitals
Matrix Partners India has invested INR400 million ($6 million) in Kerala-based Meditrina Hospitals for a significant minority stake. The private equity firm is the sole participant in the first round of investment.
ChrysCapital part exits Hexaware for $9m
ChrysCapital Partners has sold part of its 9.59% stake in listed Indian outsourcing firm Hexaware Technologies for INR614.2 million ($9.2 million) on the open market.
Focus Media targets $500m dividend recap - report
Focus Media, a Chinese advertising company backed by The Carlyle Group, FountainVest Partners, CITIC Capital Partners, China Everbright and Fosun International intends to return to the loan market with recapitalization plan of around $500 million.
Veronica John joins placement agent Diamond Dragon
Veronica John, previously a senior advisor to Vietnam-focused private equity firm Mekong Capital, has joined placement agent Diamond Dragon Advisors as a senior advisor based in Singapore.
Malaysia’s Ekuinas to back five local PE managers
Ekuinas, a private equity investor backed by the Malaysian government, will make LP commitments to funds raised by five local PE firms. Four of the five – Tael Parnters, RM Capital Partners, Tuas Capital Partners and CMS Opus Private Equity – will...
AVCAL CEO Katherine Woodthorpe resigns
Katherine Woodthorpe, CEO of the Australian Private Equity and Venture Capital Association (AVCAL), has resigned. Having spent seven years in the role, Woodthorpe announced she would be stepping down on October 31 in order to "pursue fresh challenges."
Quadria reaches first close on South, Southeast Asia healthcare fund
Quadria Capital has reached a first close of $107 million on its second fund, which invests in mid-size healthcare companies in South and Southeast Asia. This is the first vehicle the GP has raised independently, its predecessor being the Milestone Religare...
NewQuest makes $160m buyout offer for China Hydroelectric
NewQuest Capital Partners has made a take-private offer to US-listed China Hydroelectric that values the company at just over $160 million. The secondary specialist GP already owns 49.83% of China Hydroelectric and holds options and warrants that, if...
Mapletree reaches $1.4b final close on China fund
Mapletree Investments, the real-estate arm of Temasek Holdings, has closed its real estate fund, Mapletree China Opportunity Fund II (MCOF II) at its hard cap of $1.4 billion, above the initial target of $1 billion.
Temasek, DCM back $60m round for China travel site Tuniu
Temasek Holdings and existing backer DCM have invested in a $60 million Series D round of funding for Tuniu.com, a Chinese online travel tour provider.
Carlyle, Milestone, Orchid Asia among cornerstones for China Tenwow IPO
The Carlyle Group, Milestone Partners and Orchid Asia will participate as cornerstone investors in the proposed Hong Kong IPO of Chinese packed food and beverage producer Tenwow International. The private equity investors will inject a combined of $92.3...
Nissay Capital leads $1.5m round for Japan skills marketplace
Nissay Capital has a led a JPY150 million ($1.5 million) round of investment in WelSelf, the Tokyo-based start-up behind online skils marketplace Coconala. Other investors include internet marketing companies Opt and Adways, and the CEO of cosmetics site...
Century Bridge commits $32.8m to Hangzhou residential project
Century Bridge Capital has invested $32.8 million in a joint venture with property developer Zhejiang Headway Real Estate to construct a middle-income, residential project in the eastern China city of Hangzhou.