Consumer
SAIF, MakeMyTrip back Indian travel search engine
Indian travel search engine iXiGO.com has received $18.5 million in funding from SAIF Partners and online travel company MakeMyTrip. The two investors purchased stock in iXiGO’s parent, Le Travenues Technology, and also received new shares.
PE-owned Tasti D-Lite to serve yogurt in Australia
Private equity-owned frozen yogurt franchise Tasti D-Lite will open its first branch in Australia later this month.
L Capital in JV with Indian fashion portfolio company
LVMH’s investment arm L Capital Asia looks to strengthen its commitment to portfolio firm Genesis Luxury Fashion through the launch of a 50-50 joint venture to exhibit the Indian firm's fashion pieces.
CVC-backed Nine Entertainment expects modest profit growth in coming year
CVC-owned Nine Entertainment posted EBITDA of A$414.9 million for the fiscal year ending June, up 16.4% year-on-year, but it forecasts modest growth this year – a reflection of the challenges facing most Western media companies that rely heavily on advertising...
Bright Food Group targets acquisition within six months
China’s Bright Food Group may make an acquisition in Europe or Australia within six months, the firm’s chairman has said. Wang Zongnan told Bloomberg that potential targets include the food distribution and sugar industries.
Temasek forms JV with South Africa's Oppenheimer family
Singapore’s sovereign wealth fund Temasek Holdings will form a joint venture private equity fund with South Africa’s E. Oppenheimer & Son International. James Teeger, group managing director at E. Oppenheimer, told Reuters that each party would make an...
Carlyle-backed New Century Hotel Group plans IPO
China’s New Century Hotel Group, one of The Carlyle Group’s portfolio companies, plans a $400 million IPO in Hong Kong in September, The Wall Street Journal reported, citing people familiar with the situation. Deutsche Bank and Morgan Stanley have been...
Asahi to buy Independent Liquor for $1.3b – report
Asahi Group Holdings is set to reach an agreement this week on the JPY100 billion ($1.3 billion) purchase of Independent Liquor, which is owned by Pacific Equity Partners (PEP) and Unitas Capital, The Nikkei reported.
Collins shares drop 8% on trading debut
Australian fast-food group Collins Food, which was taken public by Pacific Equity Partners (PEP), saw its shares drop 8% on its trading debut. This came despite the offering being priced at the bottom of its A$2.50-$2.92 range.
PEP, Unitas tipped to sell Independent Liquor to Asahi
Asahi Group Holdings has emerged as the leading candidate to purchase New Zealand drinks maker Independent Liquor, which is currently owned by Pacific Equity Partners and Unitas Capital. The deal could be worth up to NZ$1.4 billion ($1.2 billion), Dow...
Funds dine out in China
Private equity is banking on all-you-can-eat opportunities in China. Last week, Apax Partners became the latest fund to enter the low-to-mid-priced food market, with the acquisition of Golden Jaguar, a buffet-style restaurant chain specializing in Western...
L Capital's fashion-forward India play
L Capital Asia, the private equity investor of luxury goods group LVMH, last week purchased a 25.5% stake in New Delhi-based Genesis Luxury Fashion, making its maiden investment in India.
Carlyle to invest up to $194m in Haier Electronics Group
The Carlyle Group will invest up to $194 million in Haier Electronics Group (HEG), a Chinese white goods manufacturer, potentially taking a 9% stake in the company.
CLSA makes $15m investment in Indonesian tea company
CLSA Capital Partners (CLSACP) has invested $15 million in PT Sari Wangi AEA, which claims to be the largest privately held tea company in Indonesia.
Phoenix Capital to sponsor failed Japanese department store
Phoenix Capital, a private equity firm specializing in turnaround investments, has brokered a sponsorship agreement with bankrupt Japanese department store Nakasan Co., which claims debt of JPY11.4 billion ($1.43 million).
LVMH's private equity arm makes first investment in India
L Capital Asia, the private equity arm of LVMH Group, has made its first investment in India, picking up a 25.5% stake in Genesis Luxury Fashion for an undisclosed sum. The investment will be executed in two tranches.
Franklin Templeton to invest in Mumbai's Kimaya Fashions
Franklin Templeton will buy a 20% stake Mumbai-based retailer Kimaya Fashions for about INR600 million ($13.5 million), The Economic Times reported, citing people familiar with the situation. The company has confirmed the investment but not the size of...
Catamaran, Nexus commit $9m to Bigshoebazaar's Series B round
Catamaran Ventures and Nexus Venture Partners have participated in a Series B round of financing worth INR400 million ($9 million) for Bigshoebazaar India.
Apax in takeover of Chinese buffet chain
Apax Partners has acquired Shanghai-based buffet-style restaurant chain Golden Jaguar for an undisclosed amount. The private equity firm is looking to take the family-owned business and expand its reach to cities across China.
China launches first car-focused private equity fund
China’s first auto sector-focused private equity fund is looking to raise RMB30 billion ($4.6 billion) and hopes to close its first deals in August, the Financial Times reported.
China's farms show growth potential
Got milk? Olympus Capital Holdings Asia certainly has – more than 72,000 tons of it, in fact. The private equity firm, with co-investors Mueller Milch Management and unnamed existing investors, last week took an undisclosed significant minority stake...
Actis exits Asia Books in Thailand
Actis Capital and Thailand Equity Fund (TEF) have jointly exited their 100% stake in Asia Books, a leading foreign-language books and magazine vendor in Thailand, to Bangkok-based Berli Jucker Public Company.
SCPE takes minority stake in PepsiCo's top Indian bottler
Standard Chartered Private Equity (SCPE) is set to pay INR250 crore ($56 million) for a 5% stake in PepsiCo’s top bottler in South Asia, Varun Beverages International, The Economic Times reported. That commitment would value the company at more than $1...
Affinity makes final bid for Australian meats firm
Affinity Equity Partners has submitted a final bid for a controlling stake in Primo Smallgoods, a source close to the deal has told AVCJ. Earlier reports suggesting that the bid for the Australian meat products company amounts to A$580 million ($622 million)...