Industrials
Everstone to buy India's Kenstar
The Everstone Group has agreed to buy Indian home appliance maker Kenstar from the Videocon Group.
CITIC Capital nears buyout of packaging player Axilone
China-focused GP CITIC Capital has entered into advanced negotiations with Oaktree Capital Management to buy Axilone, a Europe-headquartered packaging supplier to the cosmetics industry.
Polaris carves out beverage business from Asahi
Polaris Capital Group has agreed to acquire LB, a soft drink-focused division of Japanese beverage maker Asahi Group Holdings.
MBK makes tender offer for Japan's Kuroda Electric
MBK Partners has submitted a tender offer for Kuroda Electric – a Japanese electronic components manufacturer that has been under pressure from an activist shareholder – that values the company at approximately JPY102 billion ($895 million).
Shaw Kwei acquires Singapore oil industry supplier for $50m
Shaw Kwei & Partners has agreed to acquire a 75.6% stake in Singapore-listed oil and gas industry equipment supplier Gaylin for S$68 million ($50 million).
KKR sweetens tender offer for Japan's Hitachi Kokusai
KKR has improved its tender offer for Japanese high-tech manufacturer Hitachi Kokusai Electric after the process, which was announced in April, stalled due to share price volatility.
Goldman backs South Korean bakery ingredients maker
Goldman Sachs has invested KRW34 billion ($29.9 million) in Korean specialty food ingredients manufacturer Sun-in.
Provident joins $138m bid for Indonesian mining project
Provident Capital has joined a consortium of investors in a bid to acquire Finders Resources that values the Indonesian mining project developer at about A$177.7 million ($138 million).
Mekong completes exit from Vietnam's Loc Troi
Mekong Capital has completed its exit from Vietnamese agribusiness player Loc Troi, for a total return of more than $12 million.
PE-backed Amber Enterprises files for India IPO
Amber Enterprises, an India-based air conditioner manufacturer backed by ADV Partners, has filed for an IPO to raise INR5.6 billion ($84.8 million).
Riverside invests in Australia energy software player
The Riverside Company has made an investment of undisclosed size in Energy Exemplar, a software provider for the electric power, water, gas and renewables industries.
China flexible display developer gets $800m in equity, debt funding
Royole Corporation, a China-based flexible display technology developer, has completed its Series D funding round with $240 million in commitments from a group of local investors and also raised $560 million in debt financing.
Australia agtech: Tending the seedlings
Agricultural technology investment in Australia is growing rapidly from a low base. Sustaining this momentum requires international capital channels and attention to local differentiators
Partial exits shelved as China's Best cuts size of offering
Planned partial exits for investors in Best Inc. were shelved as the Alibaba Group-backed Chinese logistics operator raised a lower-than-expected $450 million in its US IPO. The stock increased 5% on debut.
Tower Capital backs $204m Singapore logistics take-private
Tower Capital Asia is supporting a take-private bid for Poh Tiong Choon Logistics that values the Singapore-listed company at approximately S$275 million ($204 million).
Carlyle exits Australia's Coates Hire to Seven Group
The Carlyle Group has sold its approximately 46% stake in Coates Hire as Seven Group Holdings took full ownership of the Australian equipment-leasing business in a deal worth A$517 million ($418 million).
Warburg Pincus-backed D&J China raises $180m
Warburg Pincus has led a $180 million Series D funding round in business park developer D&J China as part of a domestic operational expansion.
IFC considers $50m investment in India's Mahindra Lifespace
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a $50 million investment in Indian developer Mahindra Lifespace (MLDL).
Greenstone invests $21m in Australian miner
Mining-focused private equity firm Greenstone Resources has invested $21.2 million in Australian base metals project developer Heron Resources.
Australia's Advent sells Integrated Packaging to Pro-Pac
Australian mid-market GP Advent Partners has agreed to sell Integrated Packaging Group (IPG), an industrial and agricultural packaging business, to listed counterpart Pro-Pac in a deal worth A$177.5 million ($142.9 million).
Carlyle set for partial exit from Japan's Tsubaki Nakashima
The Carlyle Group has agreed to reduce its stake in Japan-listed manufacturing industry equipment supplier Tsubaki Nakashima from about 47% to 2.4%.
FountainVest to buy German turbocharger business
China’s FountainVest Partners has agreed to acquire 100% of Bosch Mahle Turbo Systems (BMTS), a German automotive industry supplier with an existing production and sales presence in Shanghai.
China's Best targets $1b IPO, PE backers seek partial exits
A string of private equity investors are set for partial exits as Best Inc, a Chinese logistics operator backed by Alibaba Group, looks to raise up to $1.07 billion in its New York Stock Exchange IPO.
Deal focus: Navis’ Asia poultry play takes flight
Navis Capital Partners' bet on UK-based Cherry Valley Group seven years ago has paid off with a sale to two Chinese agribusiness investors