Industrials
Denham platform Auctus offers to buy Australia’s Mungana
Auctus Minerals, an Australian mining platform set up by Denham Capital, has submitted a takeover bid for listed miner Mungana Goldmines. It values the business at A$32.5 million ($26 million).
Tuscan Ventures exits India’s LCL Logistix to strategic investor
Tuscan Ventures has exited its entire interest in LCL Logistix India to the logistics arm of France-based CMA CGM, the world’s third-largest container shipping company.
J.P. Morgan real assets fund exits China's Goldtrust Water
China Water Affairs Group, a Hong Kong-listed integrated water service provider, has agreed to acquire Goldtrust Water Holdings for $109.71 million, facilitating an exit for J.P. Morgan’s real assets fund.
Platinum Equity buys Chinese manufacturer Ying Shing
US private equity firm Platinum Equity has bought Ying Shing Enterprises, a Chinese company that specializes in precision tool making, injection molding and contract manufacturing, for an undisclosed sum.
Blackstone set for part exit as India’s Nuziveedu files for IPO
Indian seeds producer Nuziveedu Seeds has filed for a domestic IPO, which is expected to facilitate a partial exit for The Blackstone Group, an investor in the company since 2008.
CHAMP, Yorkway to buy Australian quantity surveyor
CHAMP Ventures and Yorkway Equity Partners are set to buy a majority stake in Australian quantity surveying company BMT Tax Depreciation in a deal that values the business at around A$65 million ($50.3 million).
PE agrees $2.1b Australia energy carve-out
In the past 18 months, Apache has sold off more than $11 billion worth of assets, ranging from oil and gas interests in the Gulf of Mexico, Egypt and Argentina to liquefied natural gas projects in Canada and Australia. To this can be added the company’s...
Macquarie, Brookfield to buy Apache’s Australia energy unit
US-based oil and gas exploration and production company Apache has agreed to sell its Australia business to Macquarie Capital and Brookfield Asset Management for $2.1 billion in cash.
Australia's Bradken rejects new buyout offer from PEP, Koch
Australian mining industry supplier Bradken has rebuffed another takeover bid by Pacific Equity Partners (PEP), this time acting in tandem with Koch Industries.
Mandala backs Indian agriculture finance business
Mandala Capital has invested INR1.1 billion ($17.9 million) in Sustainable Agro-commercial Finance (SAFL), a agriculture-focused non-banking financial company (NBFC) controlled by India's Jain Irrigation Systems (JISL).
IDFC Alternatives to buy stake in Indian power project
IDFC Alternatives has agreed to buy a 23.5% stake in ONGC Tripura Power Company (OTPC) for INR4.26 billion ($68.5 million). The purchase will be made through the India Infrastructure Fund II.
Saratoga plans $100m Indonesia mining unit IPO
Saratoga Capital is planning to raise $100 million through an IPO for Indonesian copper and gold miner Merdeka Serasi Jaya (MSJ) in the second half of this year.
PE investors exit India's SFO Technologies
IL&FS Investment Managers Limited (IIML), Franklin Templeton and Asia Mezzanine Capital Group (AMCG) have exited SFO Technologies, a leading Indian technology manufacturer.
CNEI commits $8.5m to China waste treatment firm
China New Enterprise Investment (CNEI) has invested $8.5 million in Chenzhou Yangtao Chemical, a Chinese mining waste treatment firm.
Kumho Asiana to buy back Korea bus unit from IBK, Kstone
IBK Capital and Kstone Partners are set to exit South Korea-based Kumho Buslines after domestic conglomerate Kumho Asiana Group said it would buy back its former subsidiary.
PE-owned AWAS to sell aircraft to Macquarie
AWAS Aviation Capital, which is owned by Terra Firma Capital Partners and Canada Pension Plan Investment Board (CPPIB), will sell an operating lease portfolio of 90 aircraft to Australia's Macquarie Group.
Malaysia’s CMS Opus PE exits TriSystems Engineering
Malaysia’s CMS Opus Private Equity has completed a full exit from TriSystems Engineering, a domestic engineering firm which focuses on the oil and gas sector,for MYR22 million ($6 million).
China B2B platform targets supply chain disruption
Chinese B2B trading platforms Zhaogang.com and Zhaosuliao.com share more than just a desire to bring about technology-enabled disruption of inefficient offline industry supply chains. They also have several backers in common: IDG Capital Partners, Matrix...
CDIB invests $55m across two China deals
CDIB Capital, a private equity arm of Taiwan's China Development Financial, has invested a total of $55 million in two Chinese companies.
Chinese strategic buys UK subsea vehicle business from PE
CSR Corporation, best known as China’s largest manufacturer of metro cars, has agreed to buy UK-based subsea vehicle maker Specialist Machine Developments (SMD) from Inflexion Private Equity for an enterprise valuation of GBP120 million ($184 million).
CITIC PE, Beijing Enterprises Water to buy majority stake in Jin Cai
CITIC Private Equity has teamed up with Beijing Enterprises Water Group to acquire a majority stake in Jin Cai Holdings, a Hong Kong-listed cigarette packaging manufacturer that wants to enter the clean energy space.
Carlyle makes $248m takeover bid for Hitachi metals unit
The Carlyle Group has made a tender offer to acquire Tokyo Stock Exchange-listed Hitachi Metals Techno, a second-tier subsidiary of Japanese conglomerate Hitachi, for JPY29.3 billion ($248 million).
VC investors exit battery maker BTR to China Baoan Group
Qiming Venture Partners, JD Capital and other VC investors have made a full exit from BTR China after Shenzhen-listed property developer China Baoan Group won regulatory approval to acquire the lithium battery maker.
Australia's EMR Capital raises $450m for mining fund
Australian resources-focused private equity firm EMR Capital has reached a final close of $450 million on its specialist mining fund, beating the $400 million target.