Consumer
Northstar sells stake in Sumber Alfaria in Indonesia
Indonesian private equity firm Northstar Pacific Partners has sold a 28.52% stake in local-listed retail business PT Sumber Alfaria to a consortium of five foreign buyers, receiving INR448.46 billion ($50 million) or almost a 203% return on its investment.
Bain converts GOME bonds to get 10% stake
US buyout firm Bain Capital has converted its RMB1.59 billion ($236 million) of bond shares in troubled Hong Kong-listed investee GOME Electrical Appliances Holdings, the second largest electric retail chain in the PRC, into a 9.98% equity stake, gaining...
Standard Chartered Private Equity begins partial exit from Mahindra & Mahindra Financial Services
Standard Chartered Private Equity is reportedly in the process of partially exiting its stake in Indian rural-focused, auto-finance firm Mahindra & Mahindra Financial Services, for an estimated 2.2x return on its investment.
Navis makes it to second round of Carrefour Southeast Asia bid
Navis Capital Partners is reportedly among the shortlisted contenders for French hypermarket chain Carrefour’s Southeast Asian operations, coming after Carrefour narrowed the field of bidders for its assets, which could draw up to $1 billion.
Taisho, others assessing Actis, Sequoia India investee Paras Pharma
Japanese pharma major Taisho Pharmaceutical Co. Ltd., as well as at least one other leading non-Indian drug firm, is conducting due diligence on Actis Capital and Sequoia Capital investee Paras Pharmaceuticals, in a competitive exit process that could...
Foster’s tells private equity firms wine bids are corked
Australian beverages major Foster’s Group’s plans to divest its Treasury Wine Estates wine estate, which owns the Lindemans, Rosemount, Penfolds and Wolf Blass brands, has not been the PE win many firms had hoped for.
TPG gets green light for Vishal
TPG Capital's protracted bid to pick up assets from India's struggling Vishal Retail group appears finally concluded, as Vishal's board approved the sale of its wholesale, institutional sales and franchise businesses to the private equity firm.
Cerberus misses Foster's wine business, TPG, KKR in frame
Cerberus Capital Management, the US buyout firm specializing in turnaround investments, was the private equity firm that offered to buy 100% of the Treasury Wine Estates unit of Australia’s largest beer maker, Foster's Group, for up to $2.5 billion,...
Oz Foster's rejects $2.46b wine offer from new PE player
Foster's Group, Australia's largest beer maker, has turned down a buyout proposal for its Treasury Wine Estates unit of up to A$2.7 billion ($2.46 billion), reportedly from an unnamed US private equity player hitherto inactive in the region.
Hony Capital commits $112 million to China Golden department store
Hony Capital, the leading Chinese buyout firm , has closed its PIPE investment of $112 million into China Golden Development Holdings Ltd., a local department store operator.
Coke picks up Japan’s Q’sai juice maker
Coca-Cola West has bought out Daiwa Corporate Investment and Polaris Principal Finance-backed Japanese vegetable juice maker Q’sai for JPY63.9 billion ($757 million), which includes JPY28 billion ($331 million) of debt.
3G Capital gets Burger King
A US private equity firm, 3G Capital Management, has agreed to a $3.3 billion buyout of Burger King, with a $4 billion price tag including assumption of debt that will make it the largest LBO of a fast food chain in the world, with the buyer's big plans...
GOME spat with founder continues
In the latest development in the ongoing feud between Bain Capital investee HKSE-listed GOME Electrical Appliances Holding Ltd. and its disgraced and imprisoned founder Huang Guangyu, Huang has apparently sought to terminate procurement and management...
China-focused My Decker Capital invests $40 million in Beijing supermarket chain
My Decker Capital, a China-focused investment firm with operational offices in Beijing, Hong Kong and New York, has made a $40 million investment in Beijing New Cooperation Chain Supermarket through its PE investment fund, the My Decker China Fund.
L Capital invests Emperor Watch with DE Shaw
L Capital, the investment arm of international luxury goods major LVMH Moet Hennessy Louis Vuitton, has picked up some $31 million of convertible bonds and warrants in Hong Kong-listed Emperor Watch & Jewellery Ltd., equivalent to around 7.46% of the...
Bain sets conversion of GOME shares
Controversial Bain Capital investee GOME Electrical Appliances Holdings has revealed that Bain will exercise its convertible bond stake in the company before a special meeting scheduled for September 28, giving it a 10% effective position.
TPG nears Vishal acquisition
One month after TPG Capital encountered unexpected opposition from Indian retail brand Future Group in its bid for control of distressed domestic superstore chain owner Vishal Retail, TPG has reportedly been given its necessary break as Vishal’s shareholders...
PEP considering Tegel Foods sale
Pacific Equity Partners is apparently considering strategic options for investee poultry producer Tegel Foods, including a divestment of shares, industry sources said, adding that the deal value could be worth more than A$600 million ($535 million).
MakeMyTrip IPO sees strong result for VCs
VC-invested Indian travel company MakeMyTrip saw a 92% share hike on its first trading day on the NYSE, with stocks rising up to $26.81 from the $14 offer price in the best US IPO debut performance since late 2007.
Aureos invests $4.16 million in Malaysia's TF Wholesale
The Aureos Malaysia Fund has made its third major investment since its 2007 launch, infusing $4.16 million in retail hypermarket chain TF Wholesale and Distribution Sdn Bhd.
Valiant completes Fuji Foods privatization
Valiant Partners, the Tokyo-based mid-cap private equity firm, has successfully completed an friendly privatization bid for Fuji Foods, a food manufacturer specialized in producing fast food items, including lunch boxes, rice balls, sandwiches for 7-Eleven...
Foods and agriculture – the next big theme?
A series of recent deals, such as the Carlyle Group’s $190 million investment in Singapore-listed industrial fishing company China Fishery Group, and the a $600 million pre-IPO investment led by Capital International and the Blackstone Group into Dili...
SAIF gets juice from Huiyuan
SAIF Partners has picked up a 22.98% stake in Chinese beverage company Huiyuan Juice Group from French food group Danone, purchasing the tranche for about $260 million, one year after the Chinese government foiled Coca-Cola Co.’s bid to acquire Huiyuan...
PEP-backed REDgroup faces covenant setback
Just months after it was touted as a strong candidate for a public float, private equity-backed New Zealand book retailer REDgroup Retail is expected to breach two out of three of its banking covenants, due to its inability to pay back lenders under the...