Consumer
CVC-backed Samsonite raises $1.25b in Hong Kong IPO
Private equity-backed luggage maker Samsonite raised $1.25 billion in its Hong Kong IPO after pricing shares at the bottom of a revised price range.
PE funds eye Jyothy stake sale
Mumbai-based consumer goods firm Jyothy Laboratories is reportedly looking to sells a minority stake in itself in an effort raise up to $200 million, and has approached private equity funds including Actis, Apax Partners, Carlyle and TPG about the deal.
Bird nests point to opportunities in Vietnam
Vietnam is becoming a popular destination for private equity as evidenced by KKR spending $159 million on a 10% stake in Masan Consumer Corporation as well as the government’s willingness to sell a 20% holding in Vietcombank to private investors. But...
Carlyle, Suntory tipped to buy stake in GarudaFood
Carlyle Group, in partnership with Japanese brewer Suntory, is closing in on a 30% stake in Indonesia’s GarudaFood thought to be worth over $200 million, Reuters reported.
CVC-backed Samsonite aims for $1.51b raise
Samsonite, the luggage manufacturer majority-owned by CVC, has set a $1.51 billion target for its impending IPO in Hong Kong, slated to launch on June 16.
Distressed bookseller REDgroup Retail urgently seeks buyer
Pacific Equity Partners’ REDgroup Retail, the owner bookstore chains Borders and Angus & Robertson now under administration, is “urgently” looking for a buyer in order to continue operations.
Vancl aims high for US IPO
VC-backed e-commerce retailer Vancl is the latest digital player in the PRC looking to strike it rich on an American bourse, targeting a $1 billion raise and the title of the biggest IPO by a Chinese internet company.
Korean PE buys global golf brand Acushnet
KOREAN SPORTSWEAR MAKER FILA HAS teamed with Seoul-based Mirae Asset Private Equity and two of the market’s top investment institutions to acquire golf equipment and apparel business Acushnet Company from NYSE-listed Fortune Brands for more than $1.2...
Wal-Mart takes stake in another Chinese e-commerce site
Wal-Mart Stores has taken an undisclosed minority stake in Yihaodian, a Chinese eCommerce company, which vends goods such as groceries, consumer electronics and apparel. The deal’s value has not been disclosed.
New Zealand’s Waterman Capital takes half of Working In
New Zealand-based Waterman Capital has reportedly acquired a 50% stake in Working In Ltd., an immigration and employment-information provider, for an undisclosed sum.
Standard Chartered banks on China's auto industry - source
Standard Chartered Private Equity has invested approximately $35 million for an undisclosed stake in Xi’an-based luxury automobile dealership Sunfonda Automobile Group, a source close to the deal exclusively confirms to AVCJ.
SAIF India invests in Firstcry.com
Perhaps better known for their China operations, SAIF Partners India, has made another bet in India’s fast growing e-commerce segment, investing $4 million in online kids and baby care products retailer, FirstCry.com.
KKR inks largest-ever PE deal in Vietnam
Vietnam's status as a rising star in Asia’s private equity landscape was validated this week when KKR brokered the largest-ever PE deal in the market, acquiring a 10% stake in Masan Consumer Corporation for $159 million.
KKR brokers largest PE deal in Vietnam
KKR has completed the largest-ever private equity deal in Vietnam, buying a 10% stake in Masan Consumer Corporation, a division of domestic private-sector powerhouse Masan Group, for $159 million.
Standard Chartered PE invests in basmati rice group
Indian basmati rice producer Bush Foods Overseas Private Ltd. has received a $25 million investment from Standard Chartered Private Equity, used for the company’s expansion.
Second Oz retailer heads into receivership
Australian clothing and footwear retailer Colorado Group, controlled by Affinity Equity Partners, has been taken into receivership, marking the second Australian big-name PE-backed brand, after Pacific Equity Partners’ REDgroup Retail, to go down the...
L Capital to invest Indian retailer
L Capital Asia, the $500 million private equity fund sponsored by luxury product giant LVMH Group is in discussions to buy stake in India fashion and lifestyle goods retailer Genesis Colors Pvt Ltd, according to a report by the Indian Times.
Affinity-backed group also heads into receivership
One week after news surfaced that Australian clothing retailer Colorado Group neared the deadline to repay its banking covenants, the Affinity Equity Partners-backed asset has now gone into administration, reportedly owing its lenders A$405 million ($418...
Navis makes first investment from Malaysian vehicle
Navis Capital Partners has made its first investment from its RM230 million ($76 million) Malaysian Growth Opportunity Fund I (MGO I), in Kinderdijk Group, a lifestyle- and baby care-product distributor and retailer.
Blackstone goes VIP
Blackstone has taken a 2% stake in Indian travel gear retailer VIP Industries for INR36-40 crore ($8-$9 million) through a rare open market transaction for the firm, with reports adding the PE major may up its stake to 5% in the future.
Archer tops up dairy acquisitions
Private equity buyout firm Archer Capital, which owns a majority stake in DairyWest, has acquired West N Fresh Premium yoghurt business from Lee and Paul Hayes. The company will become a wholly owned subsidiary of Brownes, which DairyWest also acquired...
Affinity portfolio co. faces administration
Affinity Equity Partners’ Australian clothing retailer Colorado Group is set to follow REDGroup into administration later this month, with its banking covenants on the verge of expiring.
General Mills to acquire Yoplait stake - reports
The months’ long competition for 50% ownership of global yogurt brand Yoplait is reportedly reaching its end, with industry giant General Mills said to have sealed the acquisition deal for $2.2 billion, besting rivals including PE players and China’s...
Foster's to decide on wine business' future
Australia’s Foster’s Group is to vote on the potential spin out of its multi-billion-dollar wine business in a move that may finally give private equity players a chance at the asset.