Consumer
Nexus invests $2.5m in Housing.co.in
Nexus Venture Partners will back Indian real estate search portal Housing.co.in with $2.5 million in funding to help expand its technology and data teams.
China Haitong Securities PE arm eyes buyout funds – report
Haitong Capital Investment, the PE arm of China Haitong Securities, is expected to launch its first renminbi- and US dollar- denominated buyout funds, targeting at least $526 million.
ChrysCapital invests $44m in Indian FMCG CavinKare
ChrysCapital Partners has invested INR 2.5 billion ($44 million) to buy a minority stake in Indian consumer goods producer CavinKare.
Billabong turns to refinancing options as buyout talks falter
Embattled Australian surfwear company Billabong has discarded the possibility of a takeover by two PE-backed suitors and is now looking at asset sales and alternative means of refinancing its debt. The private equity firms involved in the bids – Altamont...
India's Snapdeal acquires e-retailer Shopo
Sequoia Capital-backed Shopo.in, an online marketplace for Indian handicraft products, has been bought by Snapdeal.com promoter Jasper Infotech for an undisclosed amount. Shopo had raised funding from Sequoia, SRI Capital and Seeders Venture Capital in...
Banks put up $7b for PE-backed Shuanghui's Smithfield deal – report
Bank of China and Morgan Stanley will provide $7 billion in financing for PE-backed Shuanghui International’s buyout of a US pork producer Smithfield Foods. The proposed deal, which values Smithfield at $7.1 billion including debt.
Inventus leads $2m investment in eDreams Edusoft
Inventus Capital Partners and Mumbai Angels have backed Indian education software company eDreams Edusoft with $2 million in a second round of funding.
PE-backed Chinese horse breeder gets Series B round
China’s largest non-farming horse breeder and horse feedstock trader has received RMB45 million ($7.3 million) from CDF Capital as part of a Series B round of funding. This comes nine months after the company’s RMB120 million Series A round, half of which...
Warburg Pincus co-president targets emerging markets consumer, tech – AVCJ Forum
Warburg Pincus sees investment potential at the nexus of consumer and technology as it looks to increase its activity in emerging markets. China is set to feature strongly, but so too will India, Brazil, and central and eastern Europe.
CDH, Goldman-backed Chinese pork producer bids for Smithfield
Shuanghui International, a Chinese pork producer that counts CDH Investments and Goldman Sachs among its investors, has offered $4.7 billion in cash for US-based Smithfield Foods. The proposed deal, which values Smithfield at $7.1 billion including debt,...
Silver lining: Investing in Asia's elderly
An established investment trend in developed markets, private equity players in emerging Asia are considering how they can best meet the needs of the region’s aging population
Fosun, Axa make $700m buyout offer for Club Med
Chinese conglomerate Fosun International and Axa private equity have submitted a friendly takeover bid for French-based vacation resorts operator Club Méditerranée (Club Med). It values the company at EUR556 million ($700 million).
Panasonic's healthcare business to attract 10 PE bidders - report
Around 10 private equity firms and a handful of strategic investors are expected to enter first-round bids for Panasonic's healthcare unit.
AMCG invests $30m in Chevalier for Moraitis acquisition
Asia Mezzanine Capital Group (AMCG) has invested in $30 million in Chevalier International Holdings, aiding its acquisition of Australia's Moraitis, a fruit and vegetable wholesaler backed by Catalyst Investment Managers. AMCG provided the financing via...
Sequoia leads $5m investment in Indian energy drink maker
Sequoia Capital, Catamaran Investment and FootPrint Ventures have put $8 million (INR 440 million) into Hector Beverages, owners of energy drink brand Tzinga.
Macquarie exits Taiwan Broadband as IPO raises $1.1b
Two funds run by Macquarie have exited Broadband Communications after the Taiwan pay-TV operator’s holding company raised S$1.39 billion ($1.1 billion) through an IPO. The offering by Asian Pay Television Trust (APTT) – of which Broadband Communications...
IFC to invest $17m in India's Parag Milk Foods
Indian dairy company Parag Milk Foods is set to receive $17 million from International Finance Corporation (IFC). The capital will be used to expand milk processing projects in the regions of Manchar and Palamner.
Four VCs invest in China Bama Tea Series A round
IDG Capital Partners, Tiantu Capital, Shenzhen-based Cowin Capital and Tianjixing Capital have jointly invested in a Series A round of funding for Anxi Bama Tea worth RMB150 million ($24 million).
KKR, CDH near end of dairy value-add story
After months of conjecture, and even a regulatory disclosure outlining its intent, China Mengniu Dairy has finally built up a commanding stake in its long-standing milk supplier China Modern Dairy. Mengniu already owned 1% of the company and has now added...
Alibaba invests $294m in Chinese digital mapping firm
Alibaba Group has agreed to pay $294 million for a 28% stake in AutoNavi Holdings, a Chinese digital mapping company listed in the US. The deal is further evidence of cash-rich Chinese internet companies’ increasing acquisitiveness as they seek to diversify...
IFC considers $20m investment in Hosen's China agri fund
International Finance Corporation (IFC) plans to invest up to $20 million in Hosen Capital’s New Hope Agriculture and Food Fund II, which launched last June and is targeting $180 million for investments in China’s agriculture sector. It is further evidence...
Fairbridge raises $34m through Thomas Cook India offering
Fairbridge Capital, a subsidiary of Canada's Fairfax Financial Holdings, has reduced its stake in Thomas Cook India from 87.1% down to 75% via an institutional placement program (IPP), which closed on May 8.
KKR, CDH in 2.9x partial exit from China Modern Diary
China Mengniu Dairy, the country’s largest dairy producer, plans to buy 26.9% of China Modern Dairy for HK$3.18 billion ($410 million). The transaction facilitates the partial exit of KKR and CDH Investments, generating a 2.9x gross return.
Portfolio: Bain Capital and Domino's Pizza Japan
The US consumer cred of Domino’s Pizza means little in Japan where consumer tastes and cultural norms are very different to the West. Bain Capital took an innovative approach to cornering a competitive sector