Industrials
Creditors to assume control of KKR-owned Bis Industries
Australian mining services provider Bis Industries has reached a debt-to-equity restructuring agreement with creditors that will see current owner KKR relinquish its majority position.
IoT in Asia: Things to come
A number of political factors have positioned Asia Pacific to be a global leader in internet-of-things development. Investors must now navigate an unwieldy field of technologies, markets and social drivers
CITIC Capital, 3i acquire German auto services provider
China-focused GP CITIC Capital has teamed up with 3i Group to acquire Formel D - a German provider of vehicle testing and other support services to the auto industry - from private equity firm Deutsche Beteiligungs AG (DBAG).
Asian space debris start-up gets $25m Series C
Astroscale, a Singapore-based satellite technology company focused on removing hazardous debris from orbit, has raised a $25 million Series C round with participation from a number of Japanese venture firms.
Frontier markets: Late to the boom
Cambodia, Laos and Myanmar are among the last frontier markets in Asia but well positioned to benefit from accelerating interest in the ASEAN region. Private equity success will require a nimble approach
Liberty House beats Korean PE consortium to Arrium deal
A group led by UK-based industrials and metals group Liberty House has agreed to acquire distressed Australian mining giant Arrium, beating out a private equity-backed Korean consortium.
Denham terminates $42m takeover of Australian miner
Denham Capital has withdrawn from a commitment to fully acquire Cradle Resources that had valued the Australia-listed mining company at A$55 million ($42 million).
Pierfront invests $30m in Singapore shipping group
Singapore-based alternative credit investor Pierfront Capital has completed a $30 million investment in domestic shipping services company KNOT Offshore Partners.
Chinese VCs commit $50m to US driverless car start-up
Drive.ai, a US driverless car technology developer, has received a $50 million Series B round from a group of investors including China’s GGV Capital and Northern Light Venture Capital.
Australia's VC-backed GetSwift receives $18m investment
IFM Investors has joined a A$24 million ($18.2 million) investment in GetSwift, an Australia-listed and VC-backed software provider focused on the logistics sector.
Shaw Kwei completes exit from China's YongLe with 4.8x return
Shaw Kwei & Partners has completed its exit from Chinese PVC adhesive tape manufacturer YongLe Tape – securing a gross multiple of 4.8x – as Avery Dennison purchased the asset for a total consideration of $300 million.
Crescent Point backs Philippines-based LBC Express
Singapore-based private equity and special situations firm Crescent Point has agreed to invest $50 million in Philippines-listed logistics services company LBC Express.
IFC set to back Morgan Stanley's $300m Thailand fund
The International Finance Corporation (IFC) is considering an investment of up to $25 million in a Thailand-focused fund launched by Morgan Stanley Private Equity Asia (MSPEA).
Nippon Mirai to sell Takasago stake back to NEC
Japanese GP Nippon Mirai Capital has agreed to sell its entire 51% stake in Takasago Machinery, an electronic equipment manufacturer, to its previous owner NEC Corporation for an undisclosed sum.
Korean PE consortium named preferred bidder for Arrium
A consortium headed by two Korean private equity firms and supported by domestic steelmaker Posco has been selected as the preferred bidder for distressed Australian mining and minerals giant Arrium.
Warburg Pincus to invest $360m in Tata Technologies
Warburg Pincus has agreed to invest $360 million in Tata Technologies, the engineering outsourcing and product development IT services arm of Indian conglomerate Tata Group.
IMM increases commitment to Korean shipbuilder
IMM Investment has agreed to invest another KRW100 billion ($89 million) in Korean shipbuilder Hyundai Samho Heavy Industries (HSHI).
Chinese agricultural drone platform secures Series A round
Farm Friend, a Beijing-based agricultural drone services platform, has raised a RMB50 million ($7 million) Series A round led by Gobi Partners.
Artesian closes $19.5m Australian cleantech fund
Australian venture capital firm Artesian Venture Partners has raised A$26 million ($19.5 million) for a domestic clean energy fund with a A$10 million cornerstone investment from the government’s A$1 billion Clean Energy Innovation Fund.
CDH makes another partial exit from WH Group
CDH Investments has completed its third partial exit from WH Group in nine months, generating proceeds of HK$5.78 billion ($743 million) and reducing its holding in the Chinese pork producer to 3.24%.
India's PE-backed Dixon Technologies files for IPO
Dixon Technologies, a contract electronics manufacturer based in India, has filed for an IPO that will provide an exit to Motilal Oswal Private Equity (MOPE).
Proterra invests $100m in Southeast Asia's FKS Food & Agri
Proterra Investment Partners has committed $100 million to FKS Food & Agri, the food and agriculture platform of Southeast Asia’s FKS Group.
Prostar buys majority stake in Korean gas distributor
Energy-focused private equity firm Prostar Capital and its co-investor BlackRock have acquired Korean gas distributor Kyungnam Energy, facilitating an exit for local GP Anchor Equity Partners.
VIG-owned Samyang targets up to $74m in Korea IPO
Samyang Optics, a Korea-based camera lens manufacturer owned by VIG Partners, is seeking to raise as much as KRW82.4 billion ($73.5 million) through a domestic IPO.