Consumer
Norwest and Intel lead $40m Fashionandyou.com round
Norwest Venture Partners (NVP) and Intel Capital have led a $40 million funding round in Smile Group Venture and Goldsquare Sales India, the owners of Fashionandyou.com.
Carlyle invests in Fabindia, Wolfensohn exits
The Carlyle Group has outbid its private equity competitors to buy a stake in Fabindia, in a deal which values the ethnic wear chain at INR14 billion ($286 million).
Quadrant sells Australian jeweler to Indian trade player
Quadrant has sold its Australian portfolio company The Jewellery Group to M Suresh Group DMCC, a global jewelry maker based in Mumbai.
Gresham seeks buyer for New Zealand's Noel Leeming Group
Australian PE firm Gresham has reportedly appointed Macquarie Group to advise on the sale of New Zealand appliance retailer Noel Leeming Group, an asset that it has owned for seven years.
Morgan Stanley PE acquires Korean restaurant chain
Morgan Stanley Private Equity Asia (MSPEA) has acquired an undisclosed majority stake in Korean restaurant chain Nolboo.
PEP invests $670m in SCA's Australasian arm
Pacific Equity Partners (PEP) has invested $670 million in a joint venture with Svenska Cellulosa Aktiebolaget (SCA) to develop the company’s Australasian arm, SCA Hygiene Australasia.
Navis sells King's Safetywear to Honeywell International
Navis Capital Partners has exited its undisclosed majority stake in Southeast Asian industrial footwear brand King’s Safetywear to Honeywell International for an enterprise valuation of S$430 million ($338 million).
PE firms back Chinese Wonton restaurant chain
Qiming Ventures, Hotung Investment and Mitsui Global Investment have committed $20 million in Series B funding to YPX Cayman Holdings, which operates casual food and beverage chain Cloud 9. The company also received personal investments from the founders...
IDG, Helion invest in Indian e-commerce start ups
IDG Ventures India and Helion Venture Partners have invested in two separate e-commerce start-ups sites last week, adding to the perception of India's online shopping space as an effective proxy for capitalizing on consumer and digital growth.
Blackstone-backed Gokaldas closes in on export contracts
Indian apparel manufacturer Gokaldas Exports, a portfolio company of The Blackstone Group, is expected to land supply contracts from Wal-Mart and nine niche European fashion houses. The move is seen as part of a wider trend under which Western buyers...
Lone Star sells distressed Japanese golf course asset PGM
Lone Star will divest its 64% stake in distressed Japanese golf course operator PGM Holdings to pachinko pinball machine maker Heiwa Corp. for JPY39.5 billion ($521 million).
Anchorage exits NZ Burger King to Blackstone
It's a good time to be targeting turnarounds in Australasia. Private equity firms, hedge funds and investment banks are pursuing a host of opportunities in the consumer segment where companies have been hit hard by the seize-up in spending that followed...
Affinity buys Australian meats producer
Affinity Equity Partners has ramped up its consumer portfolio in Australia through a 70% stake acquisition in top deli meats producer Primo Smallgoods, for a price that values the company at A$740 million ($758 million).
Matrix India invests $12m in womenswear firm
Matrix Partners India has invested INR600 million ($12 million) in domestic womenswear brand TCNS Clothing, marking the company’s first institutional round of funding.
Lilliput seeks out-of-court settlement with Bain, TPG
Lilliput Kidswear is seeking an out-of-court settlement with investors Bain Capital and TPG Capital, having taken legal action earlier this month to prevent the private equity firms from exiting the company in response to a corporate governance scandal....
Bain acquires Japan's Skylark for $2.1b in equity
Bain Capital has officially acquired 100% of Japanese restaurant chain Skylark from Nomura Principal Finance for an equity value of JPY160 billion ($2.1 billion). It is the largest buyout in Japan since the onset of the global financial crisis.
Reliance Capital backs Indian personal care products firm
Reliance Capital’s private equity arm has invested INR1.36 billion in VVF, an Indian manufacturer of personal care products. The transaction, structured as a combination of equity shares and convertible debentures, will see the private equity firm take...
CDH invests in Chinese appliance maker Midea
CDH Investments has teamed up with an investment unit of ICBC International Holdings to buy a 15.3% stake in Midea Group, a leading Chinese household appliance manufacturer.
Affinity picks up 70% stake in Australia's Primo Smallgoods
Affinity Equity Partners has finalized its acquisition of Australian meat products firm Primo Smallgoods in a deal that values the company at A$740 million ($758 million). Previous reports suggested that the valuation was at least A$900 million.
Blackstone buys NZ Burger King franchise from Anchorage
The Blackstone Group has agreed to buy Antares Restaurant Group, which operates the Burger King franchise in New Zealand, from Anchorage Capital Partners. Terms of the transaction were not disclosed.
Archer sells Rebel to Super Retail Group
Archer Capital has exited Rebel Group, Australia’s largest sporting goods chain, to camping and auto parts store owner Super Retail Group for A$610 million ($630 million). The transaction is expected to close on October 31.
Carlyle-led group buys into Asian cinema digital server provider
A consortium led by The Carlyle Group has purchased an 80% stake in GDC Technology, Asia’s largest cinema digital server provider. The investment was led by the $1 billion Carlyle Asia Growth Partners IV and the other participants included Yunfeng Capital,...
Affinity completes acquisiton of Primo Smallgoods
Affinity Equity Partners has officially acquired Australian deli meats producer Primo Smallgoods with the help of A$580 million ($563 million) in financing, sources told Reuters.
Bain set to acquire Japan's Skylark for $3.4b
Bain Capital is finally set to acquire Japanese restaurant chain operator Skylark from Nomura Holdings for approximately JPY260 billion ($3.4 billion) including debt, after more than six months of delays.