Industrials
Baring Asia realizes 2.4x return on Korea cement deal
Baring Private Equity Asia has completed its exit from Korean construction materials business Halla Cement, selling the asset to Asia Cement for an enterprise value of $723 million.
Deal focus: Cream of the crop
Proterra is on course to more than double its money on AustAsia, following an agreement to exit the Chinese dairy farm operator to fellow investor Japfa
Deal focus: VIG sees stability in shoes
Korea's VIG Partners completes its second OEM deal in six months with the $207 million acquisition of Youyoung, a supplier of materials used in running shoes
Nissan, Mitsubishi, Renault set up $1b auto VC fund
Automotive giants Renault, Nissan Motor and Mitsubishi Motors have launched a venture capital fund that will invest $1 billion in advanced car technologies with a strong presence in Asia.
Grey Mountain buys pallet business from Australia's Brambles
Australian container supplier Brambles has agreed to sell its North American recycled pallet business to Grey Mountain Partners, a US-based mid-market GP, for an enterprise value of $115 million.
VIG buys Korean sports shoe materials supplier
VIG Partners has acquired Youyoung, a Korea-based supplier of materials used in running shoes, for an enterprise valuation of KRW220 billion ($207 million).
China semiconductor fund agrees to invest $400m in local chip maker
State-backed private equity investor China Integrated Circuit Industry Investment Fund (IC Fund) has agreed to buy an approximately 19% stake in domestic computer chip maker Hua Hong Semiconductor for $400 million.
UK-based GP acquires Australia solar project
UK private equity investor Foresight Solar Fund (FSF) has taken a 100% interest in an Australian solar farm and a 49% interest in each of two related projects. It coincides with a A$55 million ($43 million) investment from Australia’s Clean Energy Finance...
Carlyle sells Japan's AvanStrate to Vedanta Resources
Vedanta Resources, a metals and mining company founded in India and now headquartered in London, has agreed to assume control of Japanese LCD glass manufacturer AvanStrate from The Carlyle Group.
AVCJ Awards 2017: Deal of the Year - Large Cap: Yingde Gases
PAG Asia Capital stole a march on the competition to secure a $2.7 billion take-private of China’s Yingde Gases, dealing with feuding shareholders and complex financing along the way
Crescent sells Australia's GroundProbe to Orica
Australia's Crescent Capital Partners has sold domestic mining services technology supplier GroundProbe to explosives and blasting equipment company Orica for A$205 million ($157 million).
ICG invests $200m in Korean injection molding company
Intermediate Capital Group (ICG) has invested $200 million for a substantial minority stake in Yudo China Holdings, a Korea-headquartered plastic injection molding specialist, as part of efforts to consolidate the business ahead of an IPO.
MBK completes tender offer for Japan's Kuroda Electric
MBK Partners has completed its tender offer for Japanese electronic components manufacturer Kuroda Electric, having received support from more than 50% of shareholders for the JPY102 billion ($895 million) deal.
Japan's J-Star completes final exit from debut fund
J-Star has exited the last portfolio company in its debut fund, selling Taiheiyo Seiki Holding – a manufacturer of parts for construction machinery – to a subsidiary of Takitai Group for around $28 million.
Ekuinas buys Malaysia's Davex for $63m
Malaysian government-backed PE firm Ekuinas has acquired domestic lighting design company Davex for MYR255 million ($62.5 million).
Baring sells Korea's Halla Cement to trade buyer
Baring Private Equity Asia has finalized an agreement to sell its majority stake in Korean construction materials business Halla Cement to Asia Cement.
GTI-backed Sandhar files for India IPO
Indian auto components maker Sandhar Technologies has filed for an IPO that will provide an exit for its private equity backer GTI Capital.
CPPIB invests $248m in Hong Kong logistics program
Canada Pension Plan Investment Board (CPPIB) has invested HK$1.9 billion ($248 million) in a Hong Kong-based warehousing joint venture with logistics operator Goodman Group.
Paragon part-exits India's Capacite for $14m
Paragon Partners has made a partial exit from Indian construction firm Capacite Infraprojects - which went public earlier this year - for INR876 million ($13.6 million).
STIC buys stake in Korean telecom equipment maker
STIC Investments will take a 25.18% stake in Winnercom, a South Korean manufacturer of telecom equipment and automobile components, as part of Humax’s acquisition of the company.
KKR improves offer for Japan's Hitachi Kokusai a second time
KKR has increased its tender offer for Japanese high-tech manufacturer Hitachi Kokusai Electric for a second time, valuing the company at approximately JPY322 billion ($2.9 billion), up from JPY298 billion.
Asia Cement named preferred bidder for Baring-owned Halla
Asia Cement, a mid-tier Korean construction materials producer, has been selected as the preferred bidder for Halla Cement, which Baring Private Equity Asia put up for sale earlier this year.
SCPE to buy stake in Singapore-listed crane business
Standard Chartered Private Equity (SCPE) has offered to buy a stake of unspecified size in Tat Hong Holdings in a deal that values the Singapore-listed crane and heavy equipment supplier at approximately S$376 ($277 million).
TPG invests in Korean vinyl tile producer
TPG Capital has agreed to take a significant minority stake in Nox Group, a Korea-based manufacturer of luxury flooring materials. The size of the investment was not disclosed.