Consumer
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...
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...
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,...
Matrix Partners, Capital Today invest in Ihush.com
Shanghai-based e-retailer Ihush.com has received $43 million in venture capital funding from Matrix Partners China and Capital Today, China Business News reported.
Apax nears Jyothy stake buy - report
Apax Partners is reportedly closing in on a 26% stake in Mumbai-based consumer goods firm Jyothy Laboratories, bringing to an end a battle between several private equity firms over the $150 million deal.
PEP considers Collins Food Group IPO
Pacific Equity Partners wants to take Collins Foods Group public before the end of the year with a target enterprise value of $400 million. According to the Australian Financial Review, Deutsche Bank and UBS are close to finishing pre-marketing research...
Haitong plans $1.5b fund to support Chinese firms going global
Chinese brokerage Haitong Securities plans to launch a RMB10 billion ($1.5 billion) fund to support domestic companies expanding overseas, Reuters reported, citing a person familiar with the situation. The fund will be managed through Haitong’s private...
ING fund of funds profits from Quadrant’s Australia fast-food sale
Australian fund of funds ING Private Equity Access announced that another of its private equity investments will be returning cash to the company. Quadrant Private Equity has sold Quick Service Restaurant Holdings (QSRH) to Archer Capital for approximately...
India PE investment to top $10b this year - Ernst & Young
India may see $10 billion in private equity investments this year, topping the $6 billion recorded in 2010, according to Ernst & Yong, as quoted in local media reports.
Hony Capital participates in Suning private placement
Hony Capital will invest RMB1.2 billion ($185 million) in Suning Appliance, a leading Chinese consumer electronics retailer, as part of a private placement worth up to RMB5.5 billion ($850 million). The private equity firm has agreed to subscribe to 97.56...
Unitas, PEP may sell Independent Liquor stake to Chinese firm
China Bright Foods Group is among the potential bidders for a stake in Independent Liquor, a New Zealand beverages group owned by private equity firms Unitas and Pacific Equity Partners (PEP). The Shanghai-based company is keen to expand overseas through...
CVC completes partial exit from Malaysian gaming company
CVC has completed a partial exit from Magnum, Malaysia’s largest gaming business, receiving $410 million in cash plus an allotment of shares with an approximate current market value of $157 million.
Private equity-backed Chinese menswear firm targets Hong Kong IPO
China Outfitters Holdings, a portfolio company of Orchid Asia Group Management, plans to raise $230-$300 million through an IPO in Hong Kong, Dow Jones reported, citing a person familiar with the situation.
Private equity seeks Southeast Asia consumer plays
Southeast Asia consumer deals are increasingly attractive, but not necessarily easy to do
Lazard seeks Asian partner for Australia's Unibic
Lazard is looking for Asian partners interested in buying a stake in Australian biscuit manufacturer Unibic. The private equity firm wants a strategic partner for its portfolio company who can help develop the business and increase exports to Asia.
Archer Capital buys fast-food chains from Quadrant
Australia’s Archer Capital has bought Quick Service Restaurant Holdings (QSRH) – the company behind local fast-food chains Red Rooster, Oporto and Chicken Treat – from Quadrant Private Equity for A$450 million ($474 million).