Consumer
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...
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.
J-Star acquires Japan pet services company
J-Star has bought Japanese veterinarian services company Fuji Field for an undisclosed sum as part of a pet clinic consolidation strategy.