Consumer
Baird Capital invests in Chinese refrigerated trucks manufacturer
Baird Capital Partners Asia, the China-focused private equity fund of Baird Private Equity, has invested in Chinese truck maker Henan Bingxiong Refrigerated Truck (also known as Ice Bear).
LVMH to invest in Chinese wedding photo firm
L Capital, the private equity arm of French luxury goods conglomerate LVMH, is targeting a Chinese wedding photography company as its next investment to tap the emerging consumer market.
ICICI Venture in talks to buy Maja Health Care
ICICI Venture is in talks to pick up a stake in Maja Health Care, a division of Vi-John Group that manufactures shaving cream and other personal care products.
Lightspeed leads Series A round for Tujia.com
Early stage investor Lightspeed China Partners and CDH Investments have participated in a Series A round of funding for Tujia.com, the first online vacation rental services provider in China.
KKR ends takeover talks with Pacific Brands
Melbourne-based underwear manufacturer Pacific Brands said on Tuesday that a takeover from parties including KKR is unlikely in the near term.
Baring backs Yongda Auto IPO
Baring Private Equity has become a cornerstone investor in the IPO of China Yongda Automobile Services, the number-one BMW dealer in China. The company could raise up to $435 million through a listing in Hong Kong.
Creador invests $15m in OldTown
India- and Southeast Asia-focused investor Creador has injected RM45.7 million ($15 million) in OldTown White Coffee, the number-one Asian restaurant chain in Malaysia.
Inventus, Ojas lead $3.5m Cbazaar round
US-India venture capital firm Inventus Capital Partners early-stage technology investor Ojas Venture Partners have led a $3.5 million Series A round of funding for Indian fashion portal Cbazaar.
Thailand's CPF prepares bid for Permira-backed Birds Eye
Thai food manufacturer Charoen Pokphand Foods (CPF) looks set to join the various private equity houses that have submitted bids for Permira-backed Birds Eye Iglo.
Bright Food adds Weetabix to foreign portfolio
China's Bright Food Group through a considerable amount of trial and error before sealing its first overseas acquisition last year, purchasing a 75% stake in Manassen Foods from CHAMP Private Equity for an enterprise valuation of $525 million.
J-Star gives Three Arrows paws for thought
Denim jackets, corduroy pants and swimming goggles. These items of clothing have been common human attire for more than a century, but in Japan in particular, apparel of this nature is increasingly popular among dogs.
Goldman exits NZ retirement villages to Metlifecare
Goldman Sachs has exited its majority stake in New Zealand retirement village operator Vision Senior Living to Metlifecare. The acquisition – which includes Private Life Care Holdings as well as Vision – will be financed through Metlifecare issuing new...
Lion to make 5x money on Weetabix sale to Bright Food
Consumer investor Lion Capital has sold 60% of UK-based cereal company Weetabix to China’s Bright Food Group, in a deal that values the company at GPB1.2 billion ($1.9 billion), including debt. The move comes weeks after the buyer denied reports that...
Archer, CHAMP among bidders for CVC's Mantra - report
Archer Capital and CHAMP Private Equity are reportedly among the PE firms bidding for Australia’s Mantra Group, which CVC Asia Pacific put up for auction in March.
NSR to take local food national
South Indian cuisine specialist Vasudev Adiga’s is the first part of New Silk Route’s plan to take on the multinationals by creating a domestic casual dining conglomerate in India
Nexus leads $26m Series A round for TalentSprint
Nexus Venture Partners has invested $26 million as part of a Series A round for TalentSprint, an Indian company that helps graduates and young professionals find jobs.
Navis takeover bid values SEGi at $360m
Navis Capital Partners has confirmed that it has made an unconditional takeover offer for Bursa Malaysia's main market-listed SEG International Berhad. The offer values the private tertiary education provider at MYR 1.1 billion ($360 million).
Thai hotels retain their charm
Foreign private equity firms are seeking opportunities in Thailand’s hotel industry, looking to leverage rising tourist numbers, an improving investment environment, and attractive entry prices
China's Bright Food denies Weetabix acquisition talks
China’s Bright Food Group has denied reports that it is in talks to buy Weetabix from private equity firm Lion Capital. Several media outlets have claimed that negotiations began several weeks ago over a deal that would value the UK-based cereal company...
New Silk Route invests in Vasudev Adiga's Fast Food
New Silk Route (NSR) has made its second investment in India’s food and beverage sector, picking up a minority stake in Vasudev Adiga’s Fast Food, which runs a chain of south Indian restaurants. The capital comes from a $100 million allocation NSR has...
Creating cross border opportunities
Venture capital and private equity has always played an important role in the transfer of technology, talent and brands names from developed Western markets into Asia. This is perhaps best illustrated by the spate of “me-too” companies that mimicked the...
CapVest exits United Coffee to Japan's UCC
CapVest has sold United Coffee, one of Europe’s largest coffee companies, to Japanese trade buyer UCC Holdings for EUR500 million ($617 million).
Bright Food, Lion Capital in talks over Weetabix sale – report
China’s Bright Food Group is being lined up as a potential buyer for Weetabix, the UK-based cereal company currently owned by Lion Capital. The private equity firm has reportedly been in talks with Bright Food for several weeks over a deal that would...
Bain, TPG ask for Lilliput audit report to be made public
Bain Capital and TPG Capital filed an application with Delhi High Court Thursday, requesting that an interim report by a court-appointed independent auditor on portfolio company Lilliput Kidswear be made public. The private equity firms have been in conflict...