Industrials
Portfolio: Integral Corporation and Nitto FC
Japan’s Integral Corporation treads lightly in the conservative agriculture space as it helps fertilizer maker Nitto FC evolve from an owner-centric culture to a more distributed power structure
Capital Today leads $35m Series B for China's XYZ Robotics
Capital Today China Group has led a $35 million Series B round for XYZ Robotics, a Chinese start-up specializing in robotic hand-eye coordination.
Advantage, Tokyo Century agree Japan battery carve-out
Advantage Partners is making another investment alongside Tokyo Century Corporation – which bought a stake in the GP two years ago – with an agreement to buy a battery business controlled by local conglomerate Showa Denko.
Longreach buys pulp and paper industry supplier from Navis
The Longreach Group has acquired a majority interest in Amazon Papyrus Chemicals Holdings, a Hong Kong-headquartered chemical solutions provider to the pulp and paper industry, from Navis Capital Partners.
Partners Group backs China's Apex Logistics
Partners Group has acquired a 24.9% stake in China’s Apex Logistics from its majority owner Kuehne+Nagel for an undisclosed sum as part of an expansion plan.
China industrial robotics start-up raises $61m
Youshan Capital and China Merchants Capital have led a RMB395 million ($61 million) Series B round for Han's Robot, a China-based manufacturer of industrial robots.
Hong Kong industrial AI start-up raises $200m
SmartMore, a Hong Kong-headquartered artificial intelligence (AI) and computer vision start-up, has achieved unicorn status after raising $200 million in Series B funding.
Portfolio: Mandala Capital and EFRAC
Mandala Capital is helping Indian food and pharma testing laboratory EFRAC distinguish itself against a field of ragtag competitors. Personnel, networks, and technology are the critical inputs
PE-backed China Youran Dairy loses ground after $643m HK IPO
PAG Asia Capital-backed China Youran Dairy Group raised HK$4.99 billion ($643 million) through a Hong Kong IPO but then ended its trading debut below the IPO price.
BGH bids $1b for Australian software provider Hansen
Australian private equity firm BGH Capital has offered to acquired Sydney-listed industrial software provider Hansen Technologies for an enterprise valuation of A$1.3 billion ($1 billion).
CDIB, Firstred, Huatai buy China cosmetics packaging business
CDIB Capital has teamed up with Firstred Capital and Huatai International Private Equity Fund to acquire 100% of Chinese cosmetics packaging company Yuga Holdings for an undisclosed sum.
India's Moglix raises $120m Series E at $1b valuation
Indian B2B services player Moglix has raised a $120 million Series E round led by Falcon Edge Capital and Harvard Management Company at a valuation of $1 billion.
Vietnam SOEs: Diverted divestments
Murky accounting and politics have rapidly decelerated the privatization of Vietnam’s government-owned companies in recent years. Private equity is biding its time and testing creative inroads
NSSK buys Japan power components manufacturer
NSSK has agreed to acquire the power transmission components division of Fujikura, a listed Japanese electrical equipment manufacturer.
FountainVest leads Series B for China's MyMRO
Shanghai-based B2B e-commerce company MyMRO, a spinoff of US industrial products supplier Grainger, has raised several hundreds of million renminbi in Series B funding led by FountainVest Partners.
Korea's IMM makes debut credit investment
IMM Private Equity has made the first investment under its newly launched credit strategy, picking up a 40% stake in SK Lubricants, which is controlled by Korean conglomerate SK Group, for KRW1.09 trillion ($984 million).
Japan's JGC, Global Brain launch $46m VC fund
Japanese engineering conglomerate JGC Group has teamed up with local VC Global Brain to establish a JPY5 billion ($46 million) fund targeting industrial sector technology start-ups.
Bain consortium to buy Japan's Hitachi Metals for $7.5b
Bain Capital has teamed up with two Japanese PE firms – Japan Industrial Partners (JIP) and Japan Industrial Solutions (JIS) – to carve out Hitachi Metals from its corporate parent for as much as JPY816.8 billion ($7.5 billion).
Warburg Pincus buys control of India's Parksons Packaging
Warburg Pincus has acquired a majority stake in India-based consumer goods packaging manufacturer Parksons Packaging, taking out positions held by Kedaara Capital, Olza Holdings, and IIFL Holdings.
MIRA to buy Australia waste management business
Macquarie Infrastructure & Real Assets (MIRA) has agreed to acquire 100% of Australia-listed waste management business Bingo Industries for A$2.3 billion ($1.8 billion).
ADV, Premji acquire India manufacturer
ADV Partners and Premji Invest have acquired a significant majority stake in Indian plastic molding company Micro Plastics Private (MPPL) for an undisclosed sum.
China agricultural drone company raises $30m
Chinese agricultural drone maker EAVision has raised $30 million in Series C funding led by Temasek Holdings, CITIC Agricultural Industry Fund, and Bits x Bites.
Deal focus: Cattle herding enters the app age
New Zealand’s Halter is bringing innovation to an industry that hasn’t seen many new tools since the invention of barbed wire. Blackbird Ventures is offering its support
Rising Japan exits staffing services business
Rising Japan Equity, a domestic private equity firm, has agreed to sell Progress, a staffing and contracting services provider, to listed staffing solutions business UT Group for JPY3.09 billion ($28.6 million).
