Industrials
China's Zhongwang acquires PE-owned Aleris for $2.3b
A unit of China Zhongwang has agreed to buy US aluminum company Aleris Corporation in a deal worth $2.3 billion, facilitating an exit for majority owner Oaktree Capital Management.
India's Paragon leads $16.5m round for domestic machinist
Indian private equity firm Paragon Partners has led a INR1.1 billion ($16.5 million) investment in domestic engineering components supplier Maini Precision Products (MMPL).
Kerogen closes second energy fund at $830m
Kerogen Capital, a Hong Kong-headquartered GP specializing in international energy investments, has closed its second fund at $830 million.
Japan's INCJ invests $7m in domestic materials group
Innovation Network Corporation of Japan (INCJ) has committed to invest up to JPY700 million ($7 million) in a fresh round of funding for domestic industrial materials specialist Nakayama Amorphous.
3D printing: Dimension jump
3D printing technology is expected to grow at an accelerated rate now that its practical applications have come into focus. As a global manufacturing leader, Asia could be at the center of the boom
Indian energy company launches $15m incubator
Oil and Natural Gas Corporation (ONGC), an energy sector supplier under the Indian government, has launched a INR1 billion ($15 million) venture fund to promote entrepreneurship in the struggling local fuel industry.
Deal focus: Allegro exits transformed Vulcanite
Allegro invested in capacity and boosted international sales in order to turn Vulcanite from a corporate orphan into an independent player with strong growth prospects. The sale of the business to Continental generated a 2x return
Warburg Pincus commits $125m to India logistics start-up
Warburg Pincus has agreed to invest up to $125 million in an India-based supply chain services start-up founded by Anshuman Singh, who previously spent nine years as head of Future Supply Chain Solutions.
India's Mandala reaches $140m first close on Fund II
Mandala Capital, a South Asia-focused PE firm that invests in the agricultural sector, has reportedly reached a first close of about $140 million on its second fund.
Marubeni-owned iSigma buys Japan's Kyosemi
ISigma, a mid-size buyout firm controlled by Japanese trading and investment conglomerate Marubeni, has acquired domestic semiconductor equipment manufacturer Kyosemi Corporation.
The Chatterjee Group buys Mitsubishi India unit for $48m
US-based private equity firm The Chatterjee Group has agreed to pay about $48 million for a 90% stake in an Indian unit of Mitsubishi Chemical Corporation (MCC).
Australia's Allegro completes sale of Vulcanite Holdings
Allegro Funds Group has exited Australia-based Vulcanite Holdings to German multinational Continental, five years after acquiring the molded rubber parts specialist through a management buyout.
Partners Group makes $200m Taiwan solar investment
Partners Group has committed $200 million to the creation of a portfolio of solar power plants in Taiwan over the next three years.
INCJ leads $16m investment in Japan's Atonarp
Innovation Network Corporation of Japan (INCJ) has led a $16 million funding round for Tokyo-based chemical sensor developer Atonarp.
IDG-backed Chinese group agrees buyout from Germany's Osram
IDG Capital partners has led a consortium to buy Ledvance, the lamps business of German lighting manufacturer Osram, for more than EUR400 million ($440 million).
Polaris buys Japanese timber company
Polaris Capital has agreed to acquire 100% of Japanese precut timber and building materials company Hivic for an undisclosed sum from domestic construction group Lixil.
Fairfax buys India's Privi Organics for $55m
Fairfax India, the India unit of Canada-based Fairfax Financial Holdings, has agreed to buy Mumbai-based aroma chemicals maker Privi Organics for INR3.7 billion ($55 million).
Nalanda part exits India's Carborundum Universal
Nalanda Capital has sold shares worth INR4.4 billion ($65.1 million) in Indian industrial materials company Carborundum Universal.
GIC backs South Korea's Hyundai Logistics
Singapore’s GIC Private has invested in a real estate fund that acquired the Hyundai Logistics Distribution Center in South Korea.
Creador invests $18m in India's Corona Remedies
Creador has committed INR1.2 billion ($17.6 million) to India-based pharmaceutical developer Corona Remedies.
KKR commits $78m to India's Kwality
KKR has agreed to invest INR5.2 bilion ($77.7 million) in Indian dairy products provider Kwality in a structured finance transaction.
Q&A: Shaw Kwei & Partners' Kyle Shaw
Kyle Shaw, managing director of Shaw Kwei & Partners, discusses the value to be found in taking traditional yet complex industrial businesses and switching them to a high-end track.
Greenstone acquires 20% stake in Australia's Metro Mining
Commodities-focused private equity firm Greenstone Resources has paid A$8.9 million ($6.7 million) for about a 20% stake in Australian coal and bauxite project developer Metro Mining.
Actis-backed Endurance Technologies files for India IPO
Indian automobile component manufacturer Endurance Technologies has filed for an IPO, providing an exit for its investor Actis.