Industrials
First Reserve JV buys SE Asia oil industry servicing vessel
A joint venture controlled by energy-focused private equity firm First Reserve has acquired an 80% stake in a Southeast Asia servicing oil tanker for $166.3 million.
Hahn & Co moves towards control of Korea's Ssangyong Cement
Korean GP Hahn & Company will assume majority control of Ssangyong Cement with the acquisition of a stake held by Japan-listed Taiheiyo Cement for KRW454.8 billion ($394 million).
RRJ, Carlyle-backed logistics player targets $434m HK IPO
A subsidiary of Chinese logistics player Shanghai Yupei Group, which is backed by RRJ Capital, The Carlyle Group, and Temasek Holdings, is looking to raise up to HK$3.36 billion ($434 million) through a Hong Kong IPO.
Deal focus: Asia-IO embraces machine learning
Asia-IO Advisors' strategic co-investment with Foxconn Technology Group has led to the creation of a systems integration specialist that will help manufactures embrace 'industry 4.0'
Ascendent supports buyout of HK-listed China Automation
Ascendent Capital Partners has teamed up with the chairman and founder of China Automation Group to invest HK$549.5 million ($70.8 million) in the Hong Kong-listed company, triggering a mandatory buyout offer.
Cartesian Capital backs Australia's White Rock Minerals
US-based private equity firm Cartesian Capital has committed $20 million in project development financing to Australian mining company White Rock Minerals.
India's PE-backed Varun Beverages files for IPO
Varun Beverages, a major drinks manufacturer and bottler for PepsiCo in South Asia backed by several PE investors, has filed for an IPO.
Deal focus: AGIC boosts Gimatic's global automation ambitions
Sino-European investor AGIC Capital has acquired Italy-based Gimatic with a view to boosting sales of the company's robotics components in Asia
VinaCapital leads $30m round for Vietnam's An Cuong
VinaCapital Investment Management has led a $30 million funding round for Vietnamese wood-working and decorative materials manufacturer An Cuong.
Resource Capital Funds to buy Australia's Ausenco
Resource Capital Funds has agreed to buy Ausenco, an Australia-listed mining services business struggling as a result of the commodities downturn, at an enterprise value of A$153.7 million ($113.3 million).
AGIC to buy Italian robotics manufacturer
China-Europe cross-border private equity firm AGIC Capital has acquired a large majority stake in Gimatic, an Italian robotics supplier planning an Asian expansion.
Navis acquires Macau-based ISA Industrial
Navis Capital Partners has agreed to acquire a controlling stake in Macau-based footwear component supplier ISA Industrial.
Australia's Laguna Bay reaches $208m first close on agri fund
Australian agriculture fund manager Laguna Bay Pastoral Company has reached a first close of A$280 million ($208.5 million) on its second investment vehicle for institutional investors.
EQT exits Modern Metal to China's JD Capital
EQT Partners has exited Modern Metal & Precision, a Chinese aluminum die casting manufacturer, to China-based private equity firm JD Capital.
India's GIC-backed Greenko raises $230m
Greenko Energy Holdings, an Indian renewable energy producer owned by the Singapore sovereign wealth fund, GIC Private, has raised $230 million from GIC and the Abu Dhabi Investment Authority (ADIA).
Australia's ALS rejects Advent, Bain buyout offer
Australian testing services company ALS has rejected a buyout offer from Advent International and Bain Capital that valued the company at about A$2.7 billion ($1.9 billion).
Macquarie invests $29m in Japanese logistics business
Macquarie Asia Infrastructure Fund (MAIF) has invested EUR26 million ($28.9 million) for a 40% interest in Japanese logistics company Nippon Vopak.
Deal focus: CITIC exits a bigger Tri-Wall
CITIC Capital Partners overcame strategic competition to buy a majority stake in Tri-Wall. After six years and significant financial and geographic expansion, it is exiting to a strategic player
Chinese manufacturer buys PE-owned Thermal Dynamics
China Zhejiang Yinlun Machinery, a Shenzhen-listed manufacturer of heat exchangers, has acquired US-based counterpart Thermal Dynamics International (TDL) for $56.65 million, facilitating a full exit to US private equity backer Evergreen Pacific Partners....
Samara exits India-listed Asian Oilfield Services
Samara Capital has exited its stake in Indian listed oil and gas exploration services provider Asian Oilfield Services to Mumbai-based energy exploration firm Oilmax Energy for INR300 million ($4.4 million).
Portfolio: The Riverside Company and Simcro
The Riverside Company believes New Zealand’s Simcro has what it takes to build its animal health device business worldwide, and is using its global reach and long-term perspective to help the company succeed
Australian agriculture: Investor stampede
Australia’s politically charged beef industry has attracted a wave of new investment, much of it driven by overseas buyers. As this interest elevates valuations and emotions, PE firms must capture value with care
CITIC Capital exits Tri-Wall to Japan's Rengo
CITIC Capital Partners has agreed to sell its majority stake in Tri-Wall Holdings, an Asia-focused heavy duty packaging business, to Japanese packaging manufacturer Rengo for $221.7 million.
Fund focus: UC Capital looks to play matchmaker
UC Capital's Lions Growth Fund will give European manufacturers access to the connections and the capital in Asia they cannot get on their own.