Consumer
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
Buoyed by rising domestic consumption and policy support for rural industries, China’s agricultural sector is generating interest from private equity
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...
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)...
PEP-backed Collins Food raises $216m through IPO
Collins Foods, the Australian fast-food group owned by Pacific Equity Partners, has raised A$201.8 million ($216.6 million) after pricing its IPO at the bottom of the indicative range, Reuters reported. It is still the largest domestic offering of the...
Suntory to set up JV with Carlyle target GarudaFood
Indonesia’s GarudaFood plans to establish a soft drinks joint venture with Suntory, the Japanese corporate thought to have lost out to The Carlyle Group in the final round of bidding for a stake in the company. Suntory is looking to spend around $126...
Olympus leads investment in Chinese dairy farm
Olympus Capital Holdings Asia has led a $45 million-investment in Huaxia Dairy Farm, taking a significant minority stake in the asset with co-investors Mueller Milch Management and unnamed existing investors in Huaxia.
Collins Booksellers to take REDGroup’s Angus & Robertson franchises
Australian book chain Collins Booksellers has reached an agreement with REDGroup Retail’s administrators to take several Angus & Robertson franchises, according to local media reports.
Bright Food linked to Manassen Foods bid
China’s Bright Food Group is in negotiations to buy Manassen Foods from CHAMP Private Equity, Reuters reported, citing two people with knowledge of the matter. Australian firm Manassen, which was acquired by CHAMP in 2006, is best known for Jelly Belly...
Indian budget hotel chains court private equity
A number of Indian budget and mid-range hotel chains are seeking private equity investment to support their expansion plans, Mint reported.
Nestle offers $1.7b for 60% of Chinese candy company
Nestle has offered to buy 60% of Hsu Fu Chi International, a leading Chinese confectionary company, for about $1.7 billion and then take the company private in collaboration with its family owners, Reuters reported. The deal values Hsu Fu Chi at S$3.46...
Sun Art raises $1.1b in Hong Kong IPO
Sun Art Retail Group, China’s largest supermarket operator, raised $1.1 billion through its Hong Kong IPO after pricing shares at the top of the indicative range.
New Silk Route closes in on India restaurant deal
New Silk Route Advisors expects to close its first investment in an Indian restaurant business later this month, having spent two years looking for suitable targets. The private equity firm has committed $100 million in debt and equity and plans to spend...
Baidu takes off with Qunar
The ample potential of China's online travel industry was reiterated last week when internet search giant Baidu agreed to pay $306 million for majority ownership of venture capital-backed booking site Qunar. It follows the likes of Alibaba and Tencent...
Sequoia bets on India’s snack food potential
Indian snack food maker Prakash Snacks has secured its first round of private equity financing from Sequoia Capital, believed to be worth $25-30 million. Financial details were not disclosed, but local media reported that the Silicon Valley growth capital...
IL&FS invests $22.5m in Jyothy Fabricare
IL&FS Investment Managers has invested INR1 billion ($22.5 million) in Jyothy Fabricare Services (JFS), a washing and dry cleaning manager that services both retail and institutional clients.
Nestle in talks with Baring-backed Chinese confectionary company
Nestle is negotiating a potential investment in Hsu Fu Chi, a Chinese confectionary company in which Baring Private Equity Asia is a minority shareholder. Singapore-listed Hsu Fu China is China’s largest publicly held confectionary company. It is worth...