Industrials
India's PE-backed SSIPL files for IPO
SSIPL Retail, a footwear manufacturer and retailer based in India, has filed for an IPO, providing an exit for PE investor Tano Capital.
Bridgeport Capital acquires Australia’s Underground Cable System
Bridgeport Capital, the direct investment arm of Hawkesbridge Capital, has acquired Australia’s Underground Cable Systems (UCS) in a deal worth approximately A$100 million ($73 million) alongside company management.
Everstone pays $54m for controlling stake in India's SJS - update
Everstone Capital has reportedly bought a 51% stake in India-based industrial graphics maker SJS Enterprises for INR3.5 billion ($54 million).
Cardno board rejects takeover bid from Australia's Crescent
The board of Australian engineering company Cardno has advised shareholders to reject a buyout offer from Crescent Capital Partners on the grounds that it is opportunistic and undervalues the business.
India's Elgi Equipments gets $6.5m from Nalanda
Singapore-based Nalanda Capital has bought an approximately 2% stake in compressed-air equipment manufacturer Elgi Equipments for INR420 million ($6.5 million).
Aion invests $90m in India's Varun Beverages
Aion Capital has invested INR6 billion ($90 million) in India's Varun Beverages (VBL), a major drinks manufacturer and bottler for PepsiCo in South Asia.
AGIC reaches $550m first close on China-Europe fund
Asia-Germany Industrial Promotion Capital (AGIC), a PE firm focused on China-Europe cross-border investments, has reached a first close of $550 million on its debut fund.
Motilal Oswal commits $13.8m to India's Kurlon
Motilal Oswal Private Equity (MOPE) has invested INR900 million ($13.8 million) in Indian mattress maker Kurlon Enterprise.
India's Quick Heal, Parag Milk Foods file for IPOs
Indian security software developer Quick Heal Technologies and dairy firm Parag Milk Foods have filed for IPOs, seeking INR2.5 billion ($38 million) and INR3.25 billion, respectively. Parag has also raised an additional INR600 million from existing backer...
Blackstone rejects Gateway offer for India freight business
The Blackstone Group has rejected an offer from Indian logistics player Gateway Distriparks (GDL) to buy its stake in freight subsidiary Gateway Rail Freight (GRFL) for INR6 billion ($90.3 milion).
India's TVS Capital commits $12.9m to Prabhat Dairy
TVS Capital Funds has bought a 7.6% stake in recently-listed milk products manufacturer Prabhat Dairy, for INR850 million ($12.9 million).
Carlyle exits India's Elitecore to Sterlite
Indian optical fiber and power cable producer Sterlite Technologies has bought telecommunication software developer Elitecore Technologies from The Carlyle Group.
EMR Capital to buy Australian copper mine
EMR Capital has agreed to buy Australia's Mt. Gordon copper mine from its current owner, India's Aditya Birla Minerals, for A$15 million ($10.8 million).
Forebright supports take-private of China's Jinpan International
Forebright Capital, a PE firm formed last year though a spin-out from China Everbright International, is supporting a $73.9 million take-private bid for US-listed Jinpan International, led by the company’s chairman.
Crescent submits takeover bid for Australia's Cardno
Crescent Capital Partners has submitted a takeover offer for Cardno, a listed Australian engineering company that focuses on developing physical and social infrastructure projects.
Littlejohn exits Henniges Auto to China's AVIC
A subsidiary of Aviation Industry Corporation of China (AVIC) has acquired automotive equipment manufacturer Henniges Automotive Holdings from US mid-market buyout firm Littlejohn & Co.
Deal focus: Chinese strategic snares Avolon
An acquisition by an Asian strategic player was always a likely outcome for aircraft leasing business Avolon. Japanese groups have completed a couple of deals in the space in recent years, while HNA Group – which has agreed to buy Avolon at an enterprise...
CHAMP PE, Sigdo Koppers pull plug on Bradken deal
CHAMP Private Equity and Chilean conglomerate Sigdo Koppers have abandoned merger discussions with struggling Australian mining industry supplier Bradken.
Korea outbound fund supports $377m China logistics deal
STIC Investments and Korea’s National Pension Service (NPS) have agreed to support a KRW455 billion ($377 million) acquisition of a majority stake in China-based Rokin Logistics by CJ Korea Express Corp.
Shaw Kwei makes buyout offer for Singapore-listed Chosen
Shaw Kwei & Partners has submitted a buyout offer for Chosen Holdings, a manufacturer of plastic components commonly used in consumer electronics, cars and medical devices, that values the Singapore-listed company at approximately $68 million ($48 million).
Riverside's NZ animal health business completes bolt-on
Simcro, a New Zealand-based animal drug delivery firm controlled by the Riverside Company, has completed two bolt-on acquisitions.
Carlyle's Siewert steps down from China Fishery board
Patrick Siewert, the representative of The Carlyle Group on the board of China Fishery Group, has stepped down from the board.
PEP completes exit from Australia-listed Spotless
Pacific Equity Partners (PEP) has completed its exit from Australian cleaning and catering contractor Spotless Group – which it privatized in 2012 and re-listed last year – through a A$374.3 million ($268.6 million) block trade.
Partners Group-owned Trimco buys A-Tex from Polaris
Trimco, a Hong Kong-headquartered garment label manufacturer controlled by Partners Group, has agreed to buy industry peer A-Tex from Europe-based Polaris Private Equity.