Consumer
Bain-, TPG-backed Lilliput to raise capital
The promoter of Lilliput Kidswear and the company’s investors, Bain Capital and TPG, have reportedly agreed to raise up to INR5 billion ($97.4 million) through a private placement for the children's clothing retailer, signaling that the parties’ months’...
Thomas Cook India attracts private equity interest
Private equity houses are tipped to be interested in a purchase of the Indian arm of beleaguered UK tour operator Thomas Cook.
JH Partners sells Jurlique stake to Japanese trade buyer
US private equity firm JH Partners has sold its 30% stake in Australian organic skincare brand Jurlique International to Japanese cosmetics maker POLA Orbis Holdings.
IPO of the Year – Yonghui Superstores
William Shen, Head of Greater China for Headland Capital Partners, speaks to AVCJ about working on Asia’s most exciting IPO of the year.
Baring-backed Courts Asia seeks expansion
Baring-backed electronics and furniture retailer Courts Asia is looking to invest S$70 million ($54.1 million) to launch new Southeast Asian retail outlets, coming at a time when its private equity backer is considering its exit options.
KKR, Sequoia, Everbright subscribe $110m to China Outfitters IPO
Private equity firms KKR, Sequoia Capital China and Everbright Private Equity have each become cornerstone investors in the Hong Kong IPO of China Outfitters. Between them the funds have committed $110 million, or three-quarters of the $145 million the...
J.P. Morgan gets green light for $1b RMB fund
J.P. Morgan Asset Management has reportedly won approval from the Beijing government to launch a $1 billion renminbi-denominated fund.
GE boosts CHAMP-backed Accolade with $234m loan
European lender GE Capital has provided Australia’s Accolade Wines, owned by CHAMP Private Equity, with a GBP150 million ($234 million) cross-border financing facility.
Advantage takes stake in Japanese eyewear chain - report
Japanese private equity firm Advantage Partners has reportedly acquired a stake in Tokyo-listed eyewear retail chain Meganesuper.
Update - MSPEA buys restaurant manager Nolboo
Morgan Stanley Private Equity Asia (MSPEA) has completed its first acquisition in Korea since seeing the departure of four key executives nearly 18 months ago, closing a transaction that has garnered praise from industry peers but also raises questions.
Lazard acquires minority stake in 2XU
Lazard Australia Private Equity has acquired a significant minority stake in sports apparel brand 2XU.
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).