Consumer

Navis, Rabo exit Thai duck processor

Navis Capital Partners and Rabo Capital have exited Thai duck processing firm Bangkok Ranch, plus its Dutch subsidiary Duck To Holdings, to a consortium led by the companies’ founders. The deal values the combined assets at THB5.7 billion ($188 million).

Advantage Partners buys Sanyo’s camera business

Advantage Partners has acquired Sanyo Electric’s digital camera unit. Panasonic, which took control of its former competitor in 2009 in a JPY400 billion ($4.6 billion) acquisition, said it chose to do business with Advantage because of the private equity...

Carlyle relists Chimney, completes partial exit

The Carlyle Group has completed a partial exit from Japanese restaurant chain Chimney having relisted the company on the Tokyo Stock Exchange three years after taking it private. It is the private equity firm’s first IPO in Japan this year, having abandoned...

Focus Media agrees to $3.7b PE-backed buyout

Chinese advertising company Focus Media has agreed to a $3.7 billion management buyout backed by a consortium of private equity firms. It is by some distance China’s largest-ever buyout transaction and is only surpassed in the broader private equity...

Abraaj exits Thai restaurant chain Hot Pot after IPO

The Abraaj Group has exited restaurant chain Hot Pot after taking the company public on the Stock Exchange of Thailand in September. Hot Pot sold 101.9 million shares at THB2.80 apiece, raising THB285.3 million ($9.3 million), in an offering that was...

Billabong receives $555m buyout offer - UPDATE

Billabong International has received a A$527 million ($555 million) buyout offer from Paul Naude, a director at the firm, with US-based Sycamore Partners participating as a cornerstone equity investor.

TPG-backed Li Ning warns of loss for 2012

Li Ning, the Chinese sportswear retail group backed by Government of Singapore Investment Corporation (GIC) and TPG Capital, will record a substantial net loss for the year based on its preliminary review for the 11 months ended November.

china-wine
China wine funds: Sour grapes?

Wealthy Chinese may recognize wine’s investment potential, but inexperience, taxation issues and limited access to top-tier vineyards means many domestic wine funds often promise more than they can deliver

Headland offers toymaker succession solution

Big eyed and rosy cheeked, Kong Suni the potty-training baby doll is the must-have toy in South Korea this year. Her ability to eat, fill her diaper and pass wind has attracted headlines both home and abroad. The doll is a creation of South Korean firm...

MSPEA in convenience store carve-out

HI-24 is every bit the orphan subsidiary. Last year the Chinese convenience store chain's parent company changed its name to China Financial Services Holdings (CFSH), confirming a strategic rethink already apparent from its acquisitive activity. Once...

Boyu invests in Hong Kong retailer Stelux

Boyu Capital has invested in Stelux Holdings through a subscription for HK$371 million ($47.8 million) of convertible bonds issued by the Hong Kong retailer. As part of the deal, CEO Joseph Wong said he planned to nominate Boyu’s Mary Ma and Alex Wong...

IDFC PE’s Parag Milk Foods seeks to double capacity

Parag Milk Foods, the Indian dairy company that received a INR1.55 billion ($28.7 million) investment from IDFC Private Equity in September, plans to double its capacity by expanding existing production plants and setting up new facilities. It currently...