Consumer
Fund focus: ClearVue brings consumer clarity
Having raised $362 million for its second fund, and diversifying its LP base in the process, Chinese GP ClearVue Partners has proved there is appetite for consumer sector specialists that have the right skill sets
South Korea's Ticket Monster raises $115m
Ticket Monster, a PE-backed e-commerce operator based in South Korea, has received a $115 million investment aimed at expanding its grocery shopping and travel services businesses.
Deal focus: Autoplus primed as industry consolidator
Autoplus is the only independent player of the three groups that dominate used car sales in South Korea. Having bought the business for $97 million, VIG Partners expects the company to strengthen its grip on the market
Navis buys New Zealand egg producer Mainland Poultry
Navis Capital Partners has agreed to buy a majority stake in New Zealand-based egg producer Mainland Poultry. The size of the deal was not disclosed but local media reports put it at NZ$300-350 million ($207-242 million).
Portfolio: Archer Capital and Australia's Allity
During its ownership of Allity, Archer Capital has focused on putting the aged care company a cut above the competition. Now the GP believes its premium care bet is poised to pay off
Baring Asia, CPPIB to privatize Nord Anglia in $4.3b deal
Baring Private Equity Asia has agreed a $4.3 billion privatization of Nord Anglia Education, a school operator it took private in the UK in 2008 and relisted in the US three years ago. Canada Pension Plan Investment Board (CPPIB) is also participating...
Fund focus: DSG wins with early-stage angle
Deepak Shahdadpuri's DSG Partners Asia has secured $40 million for its second fund, which targets early-stage consumer opportunities in India and Southeast Asia
IMM launches tender offer for Korean cosmetics player
A consortium led by IMM Investment has agreed to pay KRW188.2 billion ($166 million) for a 25.54% stake in Korean cosmetics manufacturer Able C&C and launched a tender offer to secure control of the business.
VIG buys Korean used car retailer for $97m
VIG Partners has agreed to acquire 100% of South Korea-based used car retailer and maintenance provider Autoplus for KRW110 billion ($97 million). The plan is to build the business into a local equivalent of CarMax, which is the leading player in the...
Antony Leung's New Frontier backs Shenzhen medical group
New Frontier, a private equity firm co-founded by Antony Leung (pictured), formerly Hong Kong's financial secretary, has invested in Best Unimed Medical Group, a Shenzhen-based third-party physicians group.
ClearVue raises $362m for China consumer fund
ClearVue Partners has closed its second China consumer-focused fund at $362 million, having received commitments from institutional LPs including several global fast-moving consumer goods companies.
Platinum to buy OfficeMax business in Australia, New Zealand
US-based private equity firm Platinum Equity has agreed to buy business products supplier OfficeMax’s Australia and New Zealand businesses from its owner, US-based Office Depot.
PE consortium ups bid for Australia's Tatts
A consortium comprising Morgan Stanley Infrastructure, KKR, First State Super and Macquarie has increased its buyout offer for Australian lottery operator Tatts Group. It now values the company at A$7.6 billion ($5.7 billion).
Hony's Best Food backs Vietnamese restaurant chain
Best Food Holding, a Hong Kong-listed food and beverage platform established by Hony Capital, has invested an undisclosed sum in Shenzhen Yuepin, a restaurant chain specializing in Vietnamese cuisine.
Baring Asia to exit Weetabix as Bright Food agrees $1.76b sale
Baring Private Equity Asia will exit Weetabix after China’s Bright Food Group agreed to end its four-year ownership of the UK-based cereals producer through a trade sale that values the business at GBP1.4 billion ($1.76 billion) on a cash free, debt free...
CMC forms partnership with Hollywood talent agency CAA
China media-focused private equity firm CMC Capital Partners has acquired a minority stake in Hollywood talent agency Creative Artists Agency (CAA) for an undisclosed sum.
Bain to invest in Korean botox manufacturer - update
Bain Capital Private Equity has agreed to buy a controlling stake in Hugel, a South Korean manufacturer of botox and other health-related pharmaceuticals, for approximately KRW927.4 billion ($830 million).
Navis-owned Village Grocer makes Malaysia bolt-on
Village Grocer, a Malaysian premium grocery chain owned by Navis Capital Partners, has taken over domestic rival Bens Independent Grocer (BIG).
India's Flipkart confirms $1.4b downround
Indian e-commerce giant Flipkart has confirmed an investment of $1.4 billion from Microsoft, eBay, and China’s Tencent Holdings at a post-deal valuation of $11.6 billion, down from $15 billion as of its previous round.
Adamantem buys New Zealand's Heritage Lifecare
Adamantem Capital, an Australia-based mid-market PE firm set by former executives from Pacific Equity Partners (PEP), has acquired New Zealand’s Heritage Lifecare for an enterprise valuation of NZ$115 million ($80 million).
VCs back Series C for China mother-and-baby player
Eight Roads Ventures has led a group of investors in a Series C round of funding for Mama+, a social networking and e-commerce platform focused on China’s mother-and-baby market.
Warburg Pincus invests $77m in Indian jeweler
Warburg Pincus has committed INR5 billion ($77 million) to Indian jewelry retailer Kalyan Jewellers.
Deal focus: KKR returns to Masan, PENM exits
KKR will team up with Vietnam's Masan Group for a second time, committing $250 million to the parent and its meat industry subsidiary. The GP's entry facilitates a partial exit for long-standing investor PENM Partners
L Catterton-owned Seafolly makes South America bolt-on
L Catterton Asia, the Asia arm of global consumer-focused GP L Catterton, has purchased Colombian beachwear brand Maaji in a bolt-on acquisition for its Australian swimwear brand Seafolly.