Region
Australia's CHAMP PE secures $206m Southeast Asia deal
CHAMP Private Equity has acquired a significant minority stake in shipping services provider Miclyn Express Offshore (MEO) from Macquarie Capital Group for around A$199 million ($206 million). It represents another step in the Australian GP’s strategy...
Carlyle, Sequoia in take-private bid for Chinese budget hotel chain
7 Days Group Holdings, a US-listed Chinese budget hotel chain backed by Warburg Pincus and Actis, has received a take-private proposal from a consortium comprised of The Carlyle Group, Sequoia Capital China and certain existing shareholders including...
Shenzhen Capital, New Margin fund Chinese sex toy retailer – report
Shenzhen Capital and New Margin Ventures have reportedly provided RMB300 million ($47.4 million) in Series A funding to Adam & Eve, a Chinese sex toys retailer. The company claims to be the first in its segment to receive approval from the State Food...
NVP, Sequoia lead Series A round for India's Capillary Technologies
Norwest Venture Partners (NVP) and Sequoia Capital have led a $15.5 million Series A round of funding for Capillary Technologies, an India-based cloud computing services provider. Existing investor Qualcomm Ventures also participated.
China's IPV Capital backs mobile protection solution provider
V-Key, a mobile applications security solutions provider, has secured a $4 million Series A funding round from China-based VC investor IPV Capital.
SJ Berwin appoints Hong Kong head
SJ Berwin has appointed George Pinkham as head of its Hong Kong office. Effective October 1, Pinkham will lead the law firm’s expansion plans across Asia Pacific, building on its existing practices in Hong Kong and Shanghai.
Harvest Fund, Grosvenor form China property investment JV
China’s Harvest Fund Management and global real estate specialist Grosvenor Fund Management have formed a joint venture dedicated to property investments in Greater China.
Actis backs Chinese casual dining chain
Emerging markets private equity firm Actis has announced an investment in Chinese casual dining chain Bellagio.
Carlyle Japan in Walbro Engine Management SBO
The Carlyle Group has wholly acquired Walbro Engine Management, a US-based small engine parts manufacturer, from global investment firm Sun Capital Partners via a secondary buyout. The deal was structured through Carlyle Japan Partners II.
IDFC PE seals India's largest dairy investment
India's dairy sector is rich in opportunity. Currently worth $70 billion, it is growing at 10% a year and is expected to reach $150 billion by 2020. The country is now the world’s largest producer of dairy goods and accounts for close to 20% of global...
TA targets remote communication networks
Communications is clearly a favored sector for TA Associates in Asia. Earlier this week, the US-based private equity player completed the buyout of SpeedCast, a Hong Kong-based network and satellite communications service provider. Of the eight investments...
Alibaba in bumper Yahoo buyback
New and existing private equity investors acquire much-sought-after stakes in Alibaba Group as the e-commerce firm repurchases part of Yahoo’s stake in a $7.6 billion deal
Private equity taps Indian water
India is thirsty for capital to ease water shortages. The infrastructure investment opportunity is enormous, but the regulatory environment remains uncertain
Indian realty GPs show their distress
India’s real estate industry is facing tough times amid rising debt costs and tighter credit access. But why are the private equity owners more distressed than the assets themselves?
Australian Super CEO hits out at PE fees
The chief executive of Australia’s largest industry superannuation fund has criticized the level of fees charged by private equity fund managers and argues that their compensation model needs to change.
Navis acquires Malaysia's BIG Cinemas
Navis Capital Partners has acquired a 100% stake in Malaysian exhibition business BIG Cinemas from film and entertainment services company Reliance MediaWorks (RMW).
CDH Investments targets $2b buyout fund – report
China's CDH Investments is reportedly targeting as much as $2 billion for its latest fund, joining a host of PE players seeking to raise multi-billion dollar vehicles in the region.
Carlyle-backed Tsubaki Nakashima drops IPO plan
Tsubaki Nakashima, a Japanese steel ball-bearings maker 95% owned by The Carlyle Group, has called off plans for a $555 million IPO, citing weak market conditions. This is the second time in six months that a Carlyle portfolio company in Japan has tried...
Orix named preferred bidder for Korea's STX Energy
Japan’s Orix Corp. has been selected as the preferred bidder for a significant stake in STX Energy, an unlisted affiliate of South Korean conglomerate STX Group.
China, India companies beat PE to Digital Domain assets
China’s Galloping Horse Film and India’s PE-backed Reliance MediaWorks have teamed up to acquire assets from Digital Domain Media Group, the distressed Hollywood special effects company, for $30.2 million. The Sino-Indian joint venture easily outmatched...
LeapFrog buys 15% of India's Mahindra Insurance for $15m
LeapFrog Investments, a firm focusing on microinsurance for the world's poor, has bought a 15% stake in India’s Mahindra Insurance Brokers (MIBL), for INR804.1 million (nearly $15 million).
INCJ-led consortium may thwart KKR's Renesas pledge
Japanese state-sponsored fund Innovation Network Corp of Japan (INCJ) has formed a consortium with several local companies, which is said to be mulling making an offer of more than JPY100 billion ($1.3 billion) for the unprofitable Tokyo-listed chipmaker,...
Wellington Partners leads $3.4m Series A for AyoxxA Biosystems
Wellington Partners Venture Capital has led a EUR2.6 million ($3.4 million) Series A round of financing in AyoxxA Biosystems, a biotech firm based in Singapore and Germany. The capital will provide AyoxxA with the resources to scale-up production of bead-based...
TA Associates acquires Hong Kong-based SpeedCast for $32m
TA Associates has completed the buyout of SpeedCast, a Hong Kong-based network and satellite communications service provider, from Asia Satellite Telecommunications for $32.2 million. Company management is also participating through ownership of a small...