Industrials
VCs back $12m Series B for Japan's Optical Comb
Innovation Network Corporation of Japan (INCJ) has joined a group of VCs in a JPY1.3 billion ($12 million) Series B round for Optical Comb, a Tokyo-based auto industry supplier that uses advanced 3D scanning technology.
Ekuinas buys controlling stake in Southeast Asia's Flexi Versa
Malaysian government-backed PE firm Ekuinas has acquired a controlling stake in Flexi Versa Group (FVG), a Southeast Asian contract manufacturer catering to global consumer electronics brands.
Deal focus: EMR unearths coal value with Adaro
When Rio Tinto moved to sell the Kestrel mine in Australia, EMR Capital and Adaro Energy teamed up for a $2.25 billion acquisition - and the opportunity to meet strong emerging markets demand for coking coal
PAG backs Chinese-led acquisition of Japan's Takata
PAG Asia Capital has supported Chinese-owned auto components manufacturer Key Safety Systems (KSS) in its $1.59 billion acquisition of assets held by Takata Corporation, a Japanese company that filed for bankruptcy following a recall of faulty vehicle...
New Zealand's Farm Venture launches $109m agri fund
Farm Venture, a farm property investment and operations management business based in New Zealand, has launched an agribusiness fund that aims to raise NZ$150 million ($109 million).
Everstone-backed Crystal files for India IPO
Crystal Crop Protection, an India-based agricultural chemicals producer, has filed for an IPO that will provide an exit for its private equity backer Everstone Capital.
Dymon exits Southeast Asia engineering services business
Dymon Asia Private Equity has exited Wah Loon Engineering, which provides engineering services for air conditioning, ventilation, fire protection and electrical systems in Singapore and Malaysia, to France-based Vinci Energies.
Tata-backed Varroc files for India IPO
Varroc Engineering, an Indian auto component manufacturer owned by the Varroc Group, has filed for an IPO that will see its private equity backer Tata Capital exit the bulk of its holding.
EMR Capital, Adaro agree $2.25b deal for Rio Tinto mine
Natural resources-focused GP EMR Capital and Indonesian energy firm Adaro Energy have agreed to buy an Australia coal mine owned by mining company Rio Tinto for $2.25 billion.
Q&A: IMM Private Equity’s Joseph Lee
IMM Private Equity’s Joseph Lee discusses the new sectors taking focus away from Korea’s traditional manufacturers, along with the potential for tender offers, IPOs and secondary sales in the market
Carlyle exits Asia containership joint venture
The Carlyle Group has fully exited Greater China Intermodal Investments (GCI), its Asia-focused containership-building joint venture with US-based Seaspan Corporation.
Delos Capital buys India's Sage Metals
US-based private equity firm Delos Capital has acquired Indian specialty metal products manufacturer Sage Metals for an undisclosed amount.
Australia invests $12m in domestic agtech ecosystem
The state government of Victoria in Australia has confirmed a plan to invest A$15 million ($12 million) in the local agricultural technology sector.
TPG secures partial exit from Australian poultry player
TPG Capital has made a partial exit from Inghams Group, the Australian poultry producer it acquired in 2013 and took public in November 2016.
Hong Kong's EmergeVest makes UK logistics acquisition
Hong Kong-based EmergeVest – a PE firm established by former executives from HSBC’s Asia principal investments division – has made its seventh logistics acquisition in the UK with the purchase of CM Downton for GBP75 million ($103 million).
Toyota launches $2.8b car technology investment program
Toyota Group has confirmed it will establish a Tokyo-based investment program that will commit more than JPY300 billion ($2.8 billion) to autonomous driving development.
Tokio Marine exits Japanese machinery parts maker
Tokio Marine Capital has agreed to sell its entire stake in Tonichi Kosan, a Japanese manufacturer of parts used in construction and agricultural machinery, to machinery wholesaler Wakita & Co.
Cathay Capital to acquire German auto parts supplier
Cathay Capital Private Equity, a cross-border PE firm focusing on China, Europe and the US, has agreed to acquire a majority stake in German auto-parts maker E. Winkemann from Equistone Partners Europe.
Warburg Pincus establishes Vietnam infrastructure platform
Warburg Pincus and industrial conglomerate Becamex IDC have agreed to set up a $200 million platform to develop institutional-grade infrastructure and logistics properties in Vietnam.
VC-backed Chinese wearables maker seals $110m US IPO
Huami, a Chinese wearables manufacturer that has a strategic relationship with smart phone maker Xiaomi and several venture capital backers, has raised $110 million in its US IPO.
GLP, China Life establish $1.6b China logistics fund
GLP, a Singapore-headquartered warehouse operator formerly known as Global Logistic Properties that was acquired by a PE consortium last year, has established a RMB10 billion ($1.6 billion) China fund with China Life Insurance as the sole LP.
Advantech, Redview target $1.5b for China deals
Advantech Capital and Redview Capital – parallel entities formed following the restructuring of Chinese GP New Horizon Capital – are seeking a combined $1.5 billion for their latest funds.
Deal focus: Navis thinks long, goes fast with MFS
Navis Capital Partners sees MFS Technology - the first exit from its seventh fund - as the initial manifestation of a strategy that takes a long-term view on a target industry's development but focuses on rapid implementation of value creation plans
Quadria-backed Capricorn files for India IPO
India-based food processing company Capricorn Food Products has filed for an IPO that will provide a partial exit for private equity backer Quadria Capital.
