Consumer
India's Future Supply Chain seeks PE funding
Indian logistics provider Future Supply Chains is seeking a second round of private equity funding in order to diversify its business into consumer-driven sectors.
General Atlantic raises $129m through Zhongsheng sale
General Atlantic completed its third partial exit from Zhongsheng Group, a Chinese luxury car dealer, raising $129 million. The private equity firm sold 65 million shares at HK$15.33-15.54 apiece, representing a discount of up to 4.3% on the previous...
PE-backed Coffee Day plans $78m India expansion
Coffee Day Group, a diversified Indian business backed by Standard Chartered Private Equity (SCPE), KKR and New Silk Route, plans to spend INR4 billion ($77.9 million) on expanding its operations this year. The firm has indicated it might then look at...
Carlyle, Sequoia in talks to invest up to $50m in JSM - report
The Carlyle Group and Sequoia Capital are in separate talks to invest $40-50 million in JSM Corp, which operates the Indian franchises of Hard Rock Café and California Pizza Kitchen.
India's IHG buys UK food producer from Duke Street
India Hospitality Group (IHC) has acquired UK-based ready-made food producer Adelie Food Holding from Duke Street Capital for $350 million. The deal – the largest overseas acquisition by an India-focused food and beverage company in six years – is said...
CVC plans $2b Formula One IPO in Singapore - report
CVC Capital Partners is heading towards a $2 billion initial public offering (IPO) for Formula One Group in Singapore. The private equity firm may sell a 20% stake in the motor racing series and complete the sale as early as June.
CVC, RBS raise $216m through Samsonite sale
CVC Capital Partners and Royal Bank of Scotland (RBS) have exited close to 8% of their combined holding in Hong Kong-listed luggage maker Samsonite International for HK$1.68 billion ($216.3 million). The sale comes after the firms’ IPO lock-up expired...
GIC, Baring invest $97m in India's Marico
Government of Singapore Investment Corp. (GIC) and Baring India Private Equity will purchase a 4.8% stake in Marico, the leading Indian manufacturer of personal care products, for INR5 billion ($97.7 million). The proceeds will partly be used to finance...
Business aviation: Come fly with PE
Foreign investors and private equity funds are keen to leverage the growing appetite for private aviation services in China, but the operational and regulatory hurdles remain
India PE fund invests in bookadda.com
T.V. Mohandas Pai, the former Infosys director, and his partner Ranjan Pai have invested in Indian online book retailer bookadda.com through their $100 million private equity fund.
Navis in PIPE deal for Malaysia's SEGi
Malaysia-based Navis Capital Partners has acquired at least 21.5% of SEG International (SEGi), the second largest private education group in Malaysia by sales, in a PIPE transaction.
Sequoia part-exits Bona Film stake to company founder
Sequoia Capital has exited part of its stake in Bona Film Group to the company founder for approximately $16.5 million. The private equity firm agreed to sell 1.5 million ordinary shares to Dong Yu at $11 apiece, a premium of 5.6% over Bona’s closing...
Lazard-backed 2XU acquires Sports Multiplied
Australian technical sports apparel brand 2XU, which is backed by Lazard Private Equity, has acquired its US-based distributor Sports Multiplied, in a move to expand across the globe.
F&H backs Song brothers' singing school
Ask Chinese music fans to name famous Singaporean exports, and they’re likely to mention Stephanie Sun and JJ Lin. Aside from both being hugely popular in China’s Mando-pop scene, what each of these singers has in common is that they were both trained...
STIC sees 3.6x return on golf simulator deal
Young-Chan Kim went to the US in the 1990s to work for Samsung Electronics. He returned to South Korea with a business idea that has brought golf to the masses. Twelve years since its inception, Golfzon is the world’s leading golf simulation company,...
New Silk Route mulls Adiga's deal
Growth capital firm New Silk Route Partners is in talks to buy a sizable stake in Adiga's, a chain of south Indian vegetarian restaurants and fast food joints.
DCM, Sequoia-backed Vipshop drops 15% on NYSE debut
Vipshop Holdings, a Chinese online retailer backed by Doll Capital Management (DCM) and Sequoia Capital, saw its stock close down 15% on its March 23 trading debut. The company priced its IPO on the New York Stock Exchange at $6.50, 23% below the indicated...
Warburg Pincus, TPG-backed Neiman Marcus enters China
Neiman Marcus Group, the US luxury retailer owned by Warburg Pincus and TPG Capital, has invested $28 million for a minority stake in Hong Kong-based luxury e-commerce site Glamour Sales.
PremjiInvest invests $24m in India's Trent
PremjiInvest, the private equity vehicle backed by Wipro Group chairman Azim Premji, has channeled INR1.2 billion ($24 million) into Trent, the retail arm of Indian conglomerate Tata Group.
Lunar Capital gets 60% stake in Chinese beverage brand
Lunar Capital Management has acquired a majority interest in Sichuan Zhiqiang Group, an integrated food manufacturer located in western China, in a deal worth up to $50 million.
Indonesian Pay-TV operator revives $400m IPO plan
PT MNC Skyvision, a unit of media group PT Global Mediacom and the largest pay TV company in Indonesia, will once again seek to raise up to $400 million via an initial public offering in June, in a bid to tap opportunities brought about by a rise in consumer...
Carlyle, Everstone join race for Thomas Cook India - report
The Carlyle Group, Everstone Capital, TA Associates and Bravia Capital have joined the likes of KKR and Actis in competing for Thomas Cook India.
Lilliput founder says L Capital has submitted bid
Lilliput Kidswear’s founder and managing director claims to have received an offer for the struggling business from L Capital, the private equity arm of luxury goods giant LVMH. A sale would facilitate the exit of Bain Capital and TPG Capital.
Everstone in talks with Indian spa salon operator
Everstone Capital is negotiating the purchase of a majority stake in Indian spa salon chain You Look Great (YLG). Helion Venture Partners, an existing investor in the company, is also participating in the talks.