Industrials
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.
Temasek, Advent seek majority stake in Crompton Greaves unit
Temasek Holdings and Advent International have launched an open offer to acquire a controlling stake in Crompton Greaves Consumer Electricals (CGCEL), the former consumer products unit of India's Crompton Greaves, for up to INR16.9 billion ($253 million).
Keystone named preferred bidder for Korea's Dongbu
Local GP Keystone Private Equity has been selected as the preferred bidder for distressed Korean construction company Dongbu Corporation.
Australia's AWE rejects buyout offer from Lone Star
Australia-based oil and gas producer AWE has rejected an unsolicited buyout offer from Lone Star that values the company at approximately A$421 million ($310 million).
Denham-backed Pembroke buys Australia coal field
Peabody Energy, which filed for bankruptcy protection in the US last month, has agreed to sell its interest in an undeveloped Queensland mining asset to Denham Capital-controlled Pembroke Resources for A$104 million ($76.2 million) in cash plus royalties.
UC Capital launches Euro-India fund
UC Capital, a joint venture between Urdaneta Capital and Capvent, has launched a fund that will invest in European companies and help them open up new growth channels through exposure to India.
ICICI Venture commits $18m to India's Anthea Aromatics
ICICI Venture has invested INR 1.2 billion ($18 million) in specialty chemicals maker Anthea Aromatics for what AVCJ understands to be a significant minority stake.
Australia's Bradken rebuffs another CHAMP PE approach
Australian mining supplier Bradken has rejected a A$150 million ($117 million) recapitalization proposal from CHAMP Private Equity. It comes seven months after discussions over a previous offer, involving a potential merger with Chile’s Sigdo Koppers,...
Deal focus: Navis to grow Texon outside the shoebox
After a major turnaround for Texon International, Navis aims to reinforce management's strengths and help the company reach the next level
IMM PE, Mirae agree to sell stake in Korea defense business
IMM Private Equity and Mirae Asset Private Equity are set to exit South Korea-based Doosan Defense Systems & Technology (DST) after Hanwha Techwin agreed to buy the business for KRW695 billion ($607 million).
Fairfax India invests $300m in Sanmar Chemicals
Fairfax Financial Holdings’ India unit has made a $300 million investment in Sanmar Chemicals, a major domestic producer of the plastic construction material PVC.
Fengate buys into Australia power plant
Fengate Capital Management has taken a stake in an Australian power plant along with General Electric (GE) and funds managed by domestic infrastructure-focused firm Whitehelm Capital.
WestBridge commits $12m to India's Relaxo
WestBridge Capital Partners has invested INR790 million ($12 million) in listed Indian footwear maker Relaxo Footwears.
Navis invests in Hong Kong-based Texon - update
Navis Capital Partners has acquired Hong Kong-based footwear component manufacturer Texon International Group for $75-$125 million, AVCJ understands, buying a controlling stake held by Barclays Ventures.
Mandala leads $121.3m investment in India agribusiness player
Mandala Capital has made investments totaling INR6.9 billion ($104.3 million) in India’s Jain Irrigation Systems (JIS) as part of a broader INR8 billion capital raising.
IDFC-backed Seaways files for $12m Indian IPO
India’s Seaways Shipping & Logistics has filed for an IPO that would see the IDFC Alternatives-backed company issue new shares with an aggregate value of INR800 million ($12 million).
KKR to exit Alliance Tire to Japan's Yokohama
Japanese tire manufacturer Yokohama Rubber has agreed to acquire India's KKR-backed Alliance Tire Group for $1.2 billion.
Sequoia, TrustBridge back China chemicals e-commerce site
Sequoia Capital and TrustBridge Partners have co-led a Series C round of funding for Molbase, a Chinese B2B e-commerce platform that sells chemical products.
Baring, Glenwood to buy LafargeHolcim's Korea business
Baring Private Equity Asia has agreed to buy LafargeHolcim’s Korea-based cement business in a joint deal with local GP Glenwood Private Equity worth approximately KRW560 million ($482 million).
Polaris acquires Japanese power sector supplier
Polaris Capital has acquired Japanese power generation equipment and services company Yodogawa Transformer with a view to leveraging increased electricity demand related to the 2020 Tokyo Olympics.
Deal focus: European GPs net 17x return on China play
Punch Powertrain took advantage of gaps in China's auto supply chain to become the leading independent transmission supplier. It has turned out to be a hugely successful investment for Gimv and Capricorn Venture Partners
Deal focus: Mandarin sees Chinese future for Italian machinist
When Italian machine parts manufacturer Marval came to Mandarin Capital Partners with an investment opportunity, the private equity firm had been quietly enhancing its profile on a canvass of multiple macro developments.