Consumer
Blue Sky backs Australian burrito chain
Australia’s Blue Sky Private Equity has upped its stake in the Beach Burrito Company, a chain of Mexican restaurants, investing more than A$3 million ($3.1 million).
TPG plucks chicken deal
TPG nearly missed out on acquiring Inghams Enterprises. When the Bob Ingham, the 81-year-old owner of Australia's top chicken producer, put the company on the block for A$1.5 billion ($1.5 billion) last July, the private equity firm came in with an offer...
Anacacia reap returns on Home Appliances
Family-owned businesses that have been built from the ground up often lack depth at management level. Founders who have proved themselves in the start-up phase might struggle once a company reaches a certain scale: they are wearing three hats - manager,...
Lunar hires ex-Parker Pens China executive as sector partner
Lunar Capital has appointed Vincent Sun as sector partner for high-end branded consumer goods, with the expectation that he will be seconded to children’s clothing retailer I Pinco Pallino Asia as general manager. This follows the China-focused GP’s...
Australia's QIC reveals stake in US retailer
Australian investment manager QIC has disclosed its ownership of a stake in online plus-size retailer OneStopPlus through its private equity unit.
Quadrant trims stake in New Zealand retirement village chain
Quadrant Private Equity is to reduce its stake in New Zealand retirement village operator Summerset. The Australian firm plans to divest around a third of its 56% holding in the NZX-listed company, equivalent to around 400 million shares.
Standard Chartered invests in China's Aiyingdao department store
Standard Chartered Private Equity (SCPE) has invested in China's Aiyingdao Children's Department Store. Details of the transaction were not disclosed.
Indian Angel Network invests in RankJunction.com
Indian Angel Network (IAN) has invested in RankJunction.com, a ranking platform for competitive exams. Details of the transaction were not disclosed.
Archer’s Brownes buys Ravenhill Dairy assets
Archer Capital-owned Brownes has agreed to buy Ravenhill Dairy’s brand, processing assets and milk supply as it bids to double turnover to A$400 million over the next five years and steal a march on Western Australia rivals Harvey Fresh and Lion.
Baring PE Asia tables buyout offer for China’s Ambow Education
Baring Private Equity Asia (BPEA) has offered to buy New York-listed Ambow Education Holding in a deal that values the Chinese tutoring and training services provider at about $108 million. It is the 14th PE-backed take-private transaction involving a...
Helion, Nexus commit $10m to Indian e-commerce player ShopClues
Helion Venture Partners and Nexus Venture Partners have invested INR540 million ($10 million) in e-commerce firm Shopclue.com. Netprice.com CEO Teruhide Sato also participated in the funding round.
DCM, Sequoia to reduce holdings in China’s Vipshop
DCM and Sequoia Capital will trim their holdings in Vipshop as the US-listed Chinese e-commerce site raises around $181 million through a share issue.
Q&A: Ancora Capital's Veronica Lukito
Veronica Lukito, co-founder and managing director of Ancora Capital, discusses Indonesian growth, hype and myriad challenges in capitalizing on Asia's latest success story
Fung Capital to invest in JV with India’s Future Group
Fung Capital, the private equity arm of the family owners of Li & Fung Group, will invest in a wholesale joint venture with India’s Future Group. Fung Capital is expected to hold at least a 26% stake in the venture with Kishore Biyani and his family,...
CVC-backed Matahari launches $1.3b offering
CVC Capital Partners and its local partner are seeking up to $1.36 billion through a partial exit from Indonesian retailer Matahari Department Store. The deal values Matahari at $3.4 billion, which means the private equity firm stands to make a substantial...
TPG buys Australian poultry producer Inghams
TPG Capital overcame several rival private equity and strategic bidders to acquire Australian poultry firm Inghams Enterprises. The family-owned company didn’t confirm the financial details, although it has been reported that the deal valued Inghams...
Blackstone, TPG among bidders for Australia's Inghams - report
The Blackstone Group and TPG Capital have reportedly placed separate bids for Inghams Chicken, Australia's largest poultry producer.
Australasian mid-market sees strong deal flow – AVCJ Forum
Private equity investors see considerable upside in Australia and New Zealand’s lower and mid-market despite fewer large deals than before the global financial crisis. This usually involves taking cash-strapped family-run businesses and improving processes...
Anacacia set for 5x return on Home Appliances investment
Anacacia Capital has agreed to sell its controlling stake in Australian cooking products supplier Home Appliances to McPherson’s for A$22 million. The private equity firm is expected to secure a 5x money multiple and an IRR of more than 90% once the...
AID Partners makes bet on HMV
The rise of services like iTunes and Spotify are enough to make any record store business shudder. Factor in the proliferation of file-sharing services and online piracy, and it is inevitable former giants like the UK's HMV seem to be going the way of...
Portfolio: Navis Capital and Malaysia's Alliance Cosmetics
Alliance Cosmetics was already the dominant force in Malaysian make-up market when it was acquired by Navis Capital Partners in 2010. The next step was to use this experience to break into Indonesia
Aditya Birla-backed Tree House to acquire Brainworks
Pre-school management company Tree House Education, backed by Aditya Birla Capital Advisors, is to acquire 100% of Brainworks Learning Systems, a national chain of pre-schools. Brainworks is part of Better Value Brands.
Morgan Stanley to complete $147m China dairy take-private
Morgan Stanley Private Equity Asia (MSPEA) is on the cusp of completing a $147 million buyout of Chinese dairy producer Feihe International after the board accepted a bid from the PE firm in conjunction with the company’s chairman and CEO. It is the...
Apax, Permira-backed New Look eyes China expansion
UK fashion retailer New Look, which is backed by Apax Partners and Permira, is looking to expand into China.