Consumer
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...
PEP-backed Collins Foods seeks to raise $255m through IPO
Collins Foods, the Australian fast-food group owned by Pacific Equity Partners, plans to raise up to A$238 million ($255 million) through an IPO. The firm will offer 81.6 million shares priced at A$2.50-2.92 apiece in what is potentially Australia’s largest...
CMIA's $200m fund to focus on China agribusiness, healthcare
CMIA Capital Partners has launched its fourth growth capital fund, worth $200 million, which will primarily seek out opportunities in China, notably in the agricultural sector.
DLA Holdings participates in TravelShark fundraising
DLA Holdings, the Singapore-based private equity firm, has invested $5 million in leading online travel network TravelShark. This latest round of financing takes the company’s total fundraising activity to $8 million.
Chinese fast food chain gets first institutional investment
MUS Roosevelt Capital Partners has committed an undisclosed sum to Chinese fast-food restaurant chain Origus, marking the asset’s first institutional investment.
GIC among cornerstone investors in Sun Art Retail IPO
The Government of Singapore Investment Corp. (GIC) is one of nine cornerstone investors that have committed $420 million for up to 40% of Chinese supermarket operator Sun Art Retail Group's Hong Kong IPO.
Profounders participates in Tibetan water producer's IPO
China-focused Profounders Private Equity acted as a cornerstone investor in Tibet 5100 Water Resources Holdings’ $177 million IPO in Hong Kong. The firm’s Profounders I fund agreed to subscribe to a portion of shares worth $30 million, leaving it with...
PE-backed China Outfitters postpones Hong Kong offering
China Outfitters Holdings, the menswear producer and retailer backed by private equity firm Orchid Asia Group, has postponed plans to raise up to $299 million through a Hong Kong IPO. The company said market conditions were currently too volatile.
Yurun Food Group slumps on talk of short-seller attack
Meat processor China Yurun Food Group, which last year reportedly attracted investment from Temasek Holdings and Hopu Investment Management, saw its shares plunge nearly 20% on Monday amid rumors that the company was about to come under attack from short-sellers....
Sequoia commits $30m to Indian snack foods producer
Sequoia Capital will invest $30 million in Prakash Snacks, marking the first round of private equity funding for the Indore-based snack food producer.
Unilever to start India venture capital fund
Unilever will set up a venture capital fund to invest in India based on the Unilever Corporate Ventures model that already operates in North America and Europe. A spokesperson for the company said that it wanted to seek opportunities in emerging markets,...
PEP targets $263m IPO for Collins Foods
Collins Foods, the Australian fast-food group owned by Pacific Equity Partners (PEP), is planning an IPO worth about A$250 million ($263 million). Deutsche Bank and UBS have been appointed joint lead underwriters and have already begun pre-marketing,...