Consumer
CVCI makes 90% exit from India's KS Oils
Citigroup Venture Capital International (CVCI) has reportedly exited 90% of its 4.95% stake in cooking oil company KS Oils for INR93 crore ($19.9 million).
Temasek to sell Fraser and Neave stake to Kirin
Seletar Investments Pte Ltd., a wholly-owned subsidiary of Singapore SWF Temasek Holdings, will sell a 14.7% stake in Fraser and Neave Ltd. (F&N), the largest beverage company in Malaysia and Singapore, to Kirin Holdings Company, Ltd., Japan’s largest...
Capital Today invests PRC travel welsite Uzai.com
Capital Today, the growth-focused private equity firm based in Shanghai, has invested $5 million in Uzai.com, a travel website in the city.
Sequoia puts best foot forward with OkayBuy
Sequoia Capita has participated in the second round of funding for OkayBuy, an online retailer of shoes in China, with other two unidentified investors.
India’s Varkeys seeks PE deal
Varkeys Retail Ventures Pvt. Ltd., the banner group of Indian chains Varkeys Bakery and Supermarket and V-Mart, is looking to raise funds to both decrease debt and finance future expansion, and may reportedly offload a 25% stake in the company to private...
TPG encounters hurdle in Vishal acquisition
Months after news surfaced that TPG Capital was set to link with distressed Indian superstore chain owner Vishal Retail, domestic retail brand Future Group, headed by prominent entrepreneur Kishore Biyani, has reportedly made an offer for the brand which...
Carrefour to sell off SEA stores
French hypermarket chain Carrefour reportedly aims to put its subsidiaries in Malaysia, Singapore and Thailand up for sale in hopes of raising as much as $1 billion.
Carlyle in running for Pure Foods, no CVC bid
The Carlyle Group has entered a bid for 49% of Pure Foods, the division of Philippines conglomerate San Miguel opened by the parent for investment, with CVC Capital Partners - which was previously linked with the asset - reportedly not entering a bid.
San Miguel evaluates Carlyle, CVC Pure Foods buyout offers
Philippines conglomerate San Miguel Corp. said it is reconsidering offers from the Carlyle Group and CVC Capital Partners to buy 100% of its subsidiary Pure Foods, coming as it weighs the three domestic and one offshore offers it reportedly received last...
Industrial Long fund buys Maruei store in Japan
Maruei Department Co., Ltd, an Aichi-based department store operator, will sell its 100%-owned Toyohashi Maruei Co., which operates a branch of the Maruei brand department store in the Chubu area of Japan's main island of Honshu, to the Industrial Long...
Aureos exits Truong Thanh Furniture, its first Vietnam exit
The Aureos South-East Asia Fund LLC (ASEAF), managed by emerging markets investor Aureos Capital, has fully exited Truong Thanh Furniture Corporation after three and a half years - its first exit in Vietnam.
Yeoman’s work for Carlyle
The Carlyle Group, through its $2.55 billion Carlyle Asia Partners III LP fund, has agreed pay $175 million to take an 11.3% stake in the Chinese subsidiary of Thai animal feed maker C.P. Pokphand Co., the second-largest supplier of animal feed by sales...
San Miguel offers 49% of Pure Foods
Raymond Ang, president of Philippine conglomerate San Miguel Corp., has confirmed that the group will be selling 49% of its foods division Pure Foods, rather than the entire group, with an estimated value of $588 million.
DCM invests Yesmylife
Leading Menlo Park-headquartered VC firm Doll Capital Management (DCM) has revealed that it led a $10 million Series B investment round in Shanghai-headquartered MOS Holdings, Ltd., also known as Yesmylife and Yesmynet.
Carrefour set to sell Southeast Asia assets
French hypermarket chain Carrefour has put its subsidiaries in Malaysia, Singapore and Thailand up for sale in hopes of raising as much as $1 billion, according to reports.
Japan's DRC climbs into Kojitu
DRC II, a private equity investment vehicle operated by DRC Capital in Japan, will take a 16.83% stake in Kajitu.Co., Ltd., a JASDAQ-listed climbing and outdoor goods retailer, for JPY227 million ($2.5 million), as part of a capital-raising exercise involving...
Carlyle to take 13.6% stake in China Fishery
Singapore-listed China Fishery Group – which began operations as a North Pacific trawling business in 2001 – has announced it will issue new ordinary shares and warrants in a conditional private placement to the Carlyle Group, for a total consideration...
Fitness First to IPO
BC Partners-owned gym chain Fitness First is reportedly looking into an IPO on the Hong Kong, Singapore, Shanghai or Sydney stock exchanges in a public markets debut that could raise as much as $1.8 billion.
Blackstone takes China Animal stake
The Blackstone Group has made a commitment giving it exposure to China's foods and agriculture and healthcare sectors, by leading a significant minority investment in Singapore-listed China Animal Healthcare, a maker of animal drugs and vaccines, for...
Carlyle, CVC may enter fray for Pure Foods
Carlyle Group and CVC Capital Partners may join the race to acquire Philippine-based San Miguel Corp.’s subsidiary Pure Foods, a company that could be worth as much as $2 billion, according to reports.
Babson does first Oz deal with Collins Food
Babson Capital Management, a leading US investment firm and mezzanine provider, has just announced the first deal from its newly opened Australia office, with an investment - for an undisclosed amount - in mezzanine notes held by Collins Food Group, the...
Carlyle invests $190 million in SGX-listed China Fishery
The Carlyle Group is to invest up to $190 million in industrial fishing company China Fishery, taking a 13.6% stake in the SGX-listed company to help it drive expansion and strategic acquisitions or JVs in the fishing industry.
Ex-Unilever Banga joins CDR for operations
Manvinder (Vindi) Singh Banga, formerly Chairman and MD of Unilever in India and later Singapore-based President of its Foods, Home and Personal Care division, is set to join the London office of global buyout major Clayton, Dubilier & Rice (CDR), as...
Providence goes to Study Group
US media and TMT-focused private equity firm Providence Equity Partners has picked up CHAMP Private Equity’s education asset Study Group International, in a deal estimated at around A$600 million ($523.6 million).