Industrials
TPG invests in India's RR Kabel
TPG Capital has taken a significant minority stake in Indian wire-maker RR Kabel with the goal of helping the company execute its domestic growth strategy.
Singapore’s GreyOrange gets $140m Series C
GreyOrange Robotics, a developer of robotic e-commerce logistics systems, has raised $140 million in Series C funding - said to be the largest-ever round in the industrial robotics space.
Chinese online fabrics trader Baibu raises $30m
Baibu, a Chinese B2B trading platform for textiles and fabrics, has received $30 million in a first tranche of Series C funding led by Bull Capital Partners.
KKR to acquire Indian petrochemicals maker
KKR has agreed to acquire JBF Petrochemicals, the petrochemicals unit of Indian polyester manufacturer JBF Industries, for an undisclosed amount.
SAIF-backed Senco files for $86m India IPO
Senco Gold, an Indian jewelry chain backed by SAIF Partners, has filed for an IPO, seeking to raise up to INR6 billion ($86 million).
J-Star acquires Japan auto parts company
Japan’s J-Star has acquired a controlling stake in domestic auto parts remanufacturing company Honest for an undisclosed sum.
Adamantem buys its second Australia horse feed business
Australian middle-market private equity firm Adamantem Capital has agreed to pay A$59.5 million ($43.2 million) for poultry producer Inghams Group’s Mitavite animal feed business. It is a bolt-on acquisition for horse feed producer Hygain Holdings.
Brookfield, Macquarie to exit Australia's Quadrant Energy for $2.2b
Australian oil and gas supplier Quadrant Energy has agreed to a $2.15 billion buyout offer from domestic peer Santos that will provide a full exit for its private equity backers, including Brookfield Asset Management and Macquarie Capital.
CPPIB, Goodman commit $1.7b to China logistics partnership
Canada Pension Plan Investment Board (CPPIB) and logistics operator Goodman Group have jointly committed $1.7 billion to an existing logistics partnership in China.
Autonomous vehicles: Driving ambition
Asia’s driverless car space has become an increasingly popular investment destination in recent years, but a number of significant challenges must be resolved for the sector to gain widespread social acceptance
Portfolio: Hahn & Co and H-Line Shipping
Hahn & Co’s investment in H-Line Shipping took the private equity firm into a faltering industry with a plan to focus on its most stable and profitable sub-segment
MSPEA abandons China auto parts privatization
Morgan Stanley Private Equity Asia (MSPEA) has abandoned its $172 million bid, launched nearly a year ago, to acquire NASDAQ-listed power steering components supplier China Automotive Systems.
Advantage exits Japan's Fasford to Fuji
Advantage Partners has agreed to sell Japan-based Fasford Technology – a semiconductor components supplier it carved out from Hitachi three years ago – to Fuji Corporation.
Rohatyn-backed Sansera files for India IPO
Indian automotive and aerospace parts manufacturer Sansera Engineering has filed for an IPO that will provide a partial exit for its private equity backer The Rohatyn Group (TRG).
Deal focus: EMR spins golden returns from Martabe
EMR Capital has secured a $1.2 billion exit from Indonesia's Martabe gold and silver mine to strategic player United Tractors
Q&A: GLP's Yoshiyuki Chosa
Warehouse operator GLP is betting heavily on technology as it builds out capacity in the Tokyo region. Yoshiyuki Chosa, president of the company’s Japan unit, sketches a difficult but rewarding logistics market
Crescendo hits $398m hard cap on second Korea fund
Crescendo Equity Partners, a mid-market Korean GP that concentrates on the industrial technology space, has closed its second fund at the hard cap of KRW450 billion ($398 million).
TPG-backed Dodla files for India IPO
Indian dairy firm Dodla Dairy has filed for an IPO that will provide a partial exit for its private equity backer TPG Growth, the growth investment arm of TPG Capital.
China commercial space start-up raises $44m Series B
China International Capital Corp (CICC) has led a RMB300 million ($44 million) Series B funding round for Chinese commercial space industry start-up One Space.
Mekong exits Vietnam's Asia Chemicals for $8.9m
Vietnam-based Mekong Capital has exited its stake in Asia Chemical Corporation (ACC), a domestic industrial supplier, for $8.9 million, generating a gross return multiple of 2.6x and a gross IRR of 15.1%.
EMR consortium exits Indonesia's Martabe to strategic player
EMR Capital, Farallon Capital, and other investors have agreed to sell their stake in Indonesia’s Martabe gold and silver mine to United Tractors, an Indonesia-listed mining business owned by global conglomerate Jardine Matheson Holdings.
Tokio Marine agrees $163m sale of Japan's Izumi
Tokio Marine Capital has agreed to sell Izumi Products, a Japanese manufacturer of electric tools and home appliances, to Maxell Holdings and Development Bank of Japan (DBJ) for JPY18.2 billion ($163.5 million).
VCs commit $22m to China laser developer
SDIC Fund Management, a GP under China’s State Development and Investment Corporation (SDIC), along with the Chinese Academy of Sciences and Suzhou Chengxin Venture Capital, has invested RMB150 million ($22 million) in Everbright Photonics, a maker...
China’s 51Zhaoyou gets $150m in Series C funding
Chinese B2B oil trading platform 51Zhaoyou.com has raised $150 million across two tranches of Series C funding.