Regions
Permira acquires Unison’s stake in Akindo Sushiro for $1b
Permira, through its Ireland-based vehicle Consumer Equity Investments (CEIL), has acquired Unison Capital’s stake in Akindo Sushiro, a leading Japanese sushi restaurant. The deal values the company at $1 billion, including debt.
Anubha Shrivastava leaves CDC
Anubha Shrivastava has left CDC, the UK government's development finance arm, where she served as managing director with responsibility for Asia investments.
Warburg Pincus sets up JV to restructure Titan Petrochemicals
Warburg Pincus affiliate Saturn Petrochemical and SouthernPec Corporation have formed a joint venture to restructure portfolio company Titan Petrochemicals Group. It comes after China's Guangdong Zhenrong Energy made a HK$175 million ($22.57 million)...
KKR sells Unisteel to Swiss trade buyer
KKR has sold its Singapore-based disk drive components and assemblies manufacturer, Unisteel Technology, to Swiss trade buyer SFS intec, a unit of SFS Group.
Archer Growth prepares for Cura Day exit – report
Archer Capital Growth is reportedly preparing to exit Cura Day Hospitals Group. The Australian GP helped found the company in 2008, having teamed up with a group of doctors and medical specialists who manage and work at its nationwide network of day hospitals.
Billabong still in talks with TPG, presents turnaround strategy
Australian surfwear company Billabong International is understood to be continuing discussions with TPG Capital over a A$694 million ($723 million) buyout offer, even as it unveiled a turnaround strategy regarded as a move to preserve its current status.
Just Dial re-files for IPO, VCs plan partial exit
Just Dial, the Indian online listings provider, has filed for a domestic IPO that will see its venture capital investors exit a portion of their holdings. After an earlier attempt to list was shelved due to market uncertainty, the company completed a...
JAFCO invests $5m into VC-backed Bubble Motion
JAFCO Asia has invested $5 million in Bubble Motion, a voice blogger service provider backed by venture capital players including Sequoia Capital.
MAVCAP forms alliance with regional partners
VC firm Malaysia Venture Capital Management has agreed a co-investment partnership with three foreign VC firms and another Malaysian company. The foreign firms are located in China, South Korea and the US.
Fidelity Growth invests $20m in US-based AbsolutData
Fidelity Growth Partners India has committed $20 million to AbsolutData, a San Francisco-based data analytics services provider. The investment will be used to scale up its global delivery footprint.
CVCI backs Cox & Kings unit with $137m
Citigroup Venture Capital International (CVCI), the private equity arm of Citigroup, has channeled $137.75 million into the UK subsidiary of Indian travel operator Cox & Kings.
Walkers hires Thomas Granger to Singapore team
Offshore law firm Walkers is relocating Hong Kong-based partner Thomas Granger to its Singapore office. Granger has more than 10 years’ experience in corporate work, particularly investment funds and private equity.
Goldman, KKR in talks with Chinese firm over Kion stake sale
Goldman Sachs and KKR are said to be in talks with Shandong Heavy Industry about selling a 25% stake in German forklift truck manufacturer Kion Group.
KKR says it has no plans for India credit fund
KKR has talked down reports that it is preparing to raise an India-focused debt fund. While interested in pursuing India credit opportunities, the private equity firm currently has no plans to launch a specific vehicle in this space.
Mandarin Capital nears $627m first close for second fund
Sino-European private equity firm Mandarin Capital Partners is nearing a EUR500 million ($627 million) first close for its second fund. The vehicle is expected to reach a final close of EUR1 billion in the second half of 2013.
Qatar buys 22% stake in CITIC Capital
CITIC Capital said on Wednesday that a unit of Qatar's sovereign wealth fund - Qatar Holding - has subscribed for new shares in CITIC Capital, equivalent to a 22.22% stake in the company.
Carlyle sees rare scale opportunity in Meinian Onehealth
The Carlyle Group was drawn to China’s Meinian Onehealth because it represented one of few true nationwide healthcare services providers in a fragmented market.
India eases rules on entrepreneurs’ post-IPO lock-up
India has altered rules concerning the lock-up on entrepreneurs’ shares post-IPO in order to make it easier for companies to list. This is expected to support companies that go through several stages of private equity funding.
SCPE pumps $45m into Indian cryogenics firm
Standard Chartered Private Equity (SCPE) has paid INR2.5 billion ($45 million) for a minority stake in Inox India, a major global manufacturer of cryogenic storage and transportation equipment.
Actis invests $40m in AGS Transact Technologies
Actis has invested $40 million in TPG-backed AGS Transact Technologies (AGS), one of the leading automatic teller machine (ATM) outsourcing and payments company in India.
SAIF-backed NVC Lighting hit by internal strife
NVC Lighting Technology Corp, a Hong Kong-listed lighting company backed by SAIF Partners, has been hit by a series of senior executives’ departures and employee strikes. The moves are part of an ongoing conflict between company management and the board...
Mekong exits toy maker Nam Hoa
Mekong Capital has completed the sale of its holding in Nam Hoa Production & Trading Corporation, a Vietnamese manufacturer of wooden toys for preschool children.
CIC, GIC boost RRJ-backed Cheniere's LNG plant with $1b
China Investment Corporation (CIC) and Government of Singapore Investment Corp (GIC) are each said to have invested around $500 million in the liquefied natural gas (LNG) plant of US-based Cheniere Energy. This comes after Asia-focused private equity...
GGV reaches final close at $625m on fourth fund
GGV has reached a final close on its fourth fund at $625 million. The US- and China-focused venture capital firm, formerly known as Granite Global Ventures, has added RMB650 million ($105 million) to the $520 million already raised from US investors.