Industrials
CITIC Capital invests China-Europe logistics providers
CITIC Capital has backed two China-Europe logistics providers in separate deals of undisclosed size. The GP is investing via its Silk Road Fund, which targets geographies in China’s One Belt One Road (OBOR) agenda.
Chinese state-backed PE fund anchors Foxconn IPO
A private equity fund backed by China’s State Development & Investment Corporation (SDIC) is the largest strategic investor in the RMB27.1 billion ($4.3 billion) Shanghai IPO of a Foxconn Technology Group manufacturing unit.
Deal focus: Navis sews up textile investment
Navis Capital Partners aims to promote ethical and environmentally sustainable textile production through its investment in Vietnam's Saitex
CDH, DCP to invest $70m in China's Sunpower
DCP Capital Partners, a private equity firm established by the former China heads of KKR, has agreed to jointly invest $70 million alongside CDH Investments in Chinese energy industry supplier Sunpower.
Navis invests in Vietnam denim supplier
Navis Capital Partners has invested an undisclosed amount in Saitex Holdings, a denim products manufacturer for the global jeans industry based in Vietnam.
Hony backs $7.8b EIG bid for Australia's Santos
EIG Global Energy Partners has made a $10.4 billion buyout offer for Australia-listed oil and gas supplier Santos. It is supported by two Chinese groups, private equity firm Hony Capital and gas distributor ENN Group.
Singapore’s Dymon joins $15m medical industry acquisition
Singapore-based Dymon Asia Private Equity (DAPE) has teamed up with domestic engineering company Tee International to acquire a medical division of industrial services provider Sembcorp Environment for S$20 million ($15 million).
Beyond, Linear invest Hong Kong’s Insight Robotics
Beyond Ventures and Linear Capital have co-led a $9 million investment in Insight Robotics, a Hong Kong-based company that specializes in advanced forest fire detection systems.
Korea's Crescendo makes partial exit from Model Solution
South Korean GP Crescendo Equity Partners has agreed to make a partial exit from precision prototype manufacturer Model Solution as part of a deal that will see Hankook Tire assume control of the business.
South Asia: Indian satellites
India’s economic dominance of South Asia has not translated into a firm leadership role for the region. Private equity strategies therefore vary widely across the country’s immediate geographic orbit
SMIC, Chinese investors to launch semiconductor fund
Hong Kong-listed Semiconductor Manufacturing International Corporation (SMIC) will launch a RMB1.62 billion ($254 million) fund in partnership with a Chinese government-backed group to invest in semiconductor assets.
Deal focus: CITIC backs China geothermal energy player
Investing in Icelandic geothermal energy required a certain level of creative thinking from CITIC Capital and China Everbright. But their partner, Artic Green Energy, is already making a difference in China's polluted cities
Portfolio: CLSA Capital Partners and Japan's Worldtool
By targeting Japan’s amateur car enthusiast community Worldtool created a new distribution channel for automotive tools in the country. CLSA Capital Partners has helped take the company’s model overseas
EV in Asia: Easy riders
Higher scooter and motorcycle use rates in Asia suggest an opening for the region to take the lead in clean mobility. Early investors in electric two-wheelers have outlined the opportunity
Affinity-backed Tegel gets $310m buyout offer
Tegel Group, a poultry producer in which Affinity Equity Partners is the largest shareholder, has received a privatization offer from Philippines-based Bounty Fresh Foods that values the business at approximately NZ$438 million ($310 million).
Shenzhen Capital backs Asia push by US 3D printing player
Shenzhen Capital has joined a $30 million Series C round for US-based 3D printing company Formlabs that will support an expansion effort in China and Asia.
PE to find few inroads in renewable energy
Renewable energy appears set to remain a fringe interest for private equity investors despite rapid sector growth and significant opportunity for disruption.
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.