Industrials
PEP, Bain offer $731m for Australia’s Bradken
Pacific Equity Partners (PEP) and Bain Capital have made an offer for mining industry supplier Bradken that values the Australia-listed company at approximately A$872 million ($731 million).
KKR backs Australian agribusiness specialist
KKR has committed at least $100 million to Sundrop Farms Holdings, an Australian agribusiness company that has developed technology for growing crops in arid climates.
China's AVIC Capital scraps plan to acquire Avolon
AVIC Capital, a subsidiary of aircraft manufacturer Aviation Industry Corporation of China, has been rebuffed in its attempt to acquire Avolon, an aircraft leasing company owned by several PE firms.
Samyang named as SCPE partner in Korean packaging deal
South Korean conglomerate Samyang Corporation has emerged as Standard Chartered Private Equity’s (SCPE) in the acquisition of a packaging business from another conglomerate, Hyosung Corporation.
Visteon confirms PE talks over Korea divestment
US auto parts maker Visteon Corp. has confirmed it is in negotiations with private equity firm Hahn & Co. over the potential sale of its South Korea-based subsidiary Halla Visteon Climate Control Corp. (HVCC).
Australia's Aconex targets $120m IPO, PE to exit
US-based PE investor Francisco Partners will fully exit Australia’s Aconex as the cloud-based project management platform for the construction industry raises A$140 million ($120 million) through an IPO.
Goodman, CPPIB boost investment in China logistics joint venture
Canada Pension Plan Investment Board (CPPIB) and Goodman Group have invested a further $500 million in their China logistics joint venture, taking the total equity commitment to $2 billion.
Blackstone agrees $653m carve-out of Orica's chemicals business
The Blackstone Group has agreed to buy the chemicals division of Orica, an Australian supplier of explosives and blasting equipment to the mining industry, for A$750 million ($653 million).
Investigation uncovers suspected fraud by ex-boss of NVC Lighting
NVC Lighting, a Chinese lightning products manufacturer backed by SAIF Partners and Goldman Sachs, says it has uncovered information suggesting that its founder and ex-CEO falsely obtained bank loans worth RMB629 million ($102.8 million) on the company’s...
TPG-owned Inghams sells $138m in real estate assets
TPG Capital-owned Australian poultry producer Inghams Enterprises has sold 31 properties to W.P. Carey, a US-based real estate investment trust, for A$157 million ($138 million).
RRJ leads $1b investment in Cheniere Energy
RRJ Capital has agreed to invest $1 billion in convertible notes issued by Cheniere Energy, a US-based liquefied natural gas (LNG) producer.
Bain nets $400m through part-exit from India’s Hero MotorCorp
Bain Capital has completed a second partial exit in five months from Indian motorcycle manufacturer Hero MotorCorp, raising INR24.5 billion ($400 million).
SCPE backs acquisition of Korean packaging business
Standard Chartered Private Equity (SCPE) is participating in the KRW415 billion ($396 million) acquisition of South Korean conglomerate Hyosung Corporation’s packaging business.
Lombard invests in Vietnam seafood producer
Lombard has invested an undisclosed sum in Viet Uc Seafood, Vietnam’s leading shrimp seed producer. It will help the company optimize operations as it seeks to become a fully-integrated shrimp producer.
Mandala Capital commits $24m to India cold chain business
Mandala Capital has acquired a 30% stake in the cold chain unit of Indian express distribution and supply chain solutions provider Gati for INR1.5 billion ($24.4 million).
Jynwel Capital targets Asia oil producer Salamander Energy
Salamander Energy, an Asia-focused oil and gas exploration and production company, has received a buyout offer from Jynwel Capital, a Hong Kong-based PE firm controlled by Malaysian businessman Jho Low.
China's COFCO plans IPO for PE-backed businesses
Chinese agricultural conglomerate COFCO Corporation is looking to list some of its assets, including Noble Group’s agribusiness unit and Dutch grain trader Nidera Holdings, both of which were acquired with PE support.
Warburg Pincus raises $4b global energy fund
Warburg Pincus has closed its first dedicated energy fund at the hard cap of $4 billion, comfortably exceeding the $3 billion target.
Centerbridge leads $352m restructuring of Australia-listed miner
Centerbridge Partners will support a $352 million restructuring plan for Boart Longyear, an Australia Securities Exchange-listed mining services provider that has struggled as falling commodities prices prompt a scaling back in exploration.
Australia’s CHAMP PE to buy Nuplex assets for $112m
CHAMP Private Equity has agreed to buy New Zealand-based Nuplex Industries’ distribution and plastics additives businesses for A$127.5 million ($112 million).
Advent hires ex-Evonik China president for chemicals coverage
Advent International has hired Dr Dahai Yu - the former president of Evonik China - as operating partner to cover its investments in the chemicals sector.
Permira exits Japan's Arysta LifeScience to US strategic for $3.5b
Permira has exited its investment in Japanese agricultural chemicals maker Arysta LifeSciences to US chemicals firm Platform Specialty Products (PSP) for about $3.51 billion.
Navis agrees $220m sale of engineering business Trio
Southeast Asian GP Navis Capital Partners has exited Trio Engineered Products, a Chinese-American maker of industrial processing equipment to UK-listed engineering firm Weir Group for $220 million.
Shaw Kwei to support German manufacturer in China expansion
Shaw Kwei & Partners has invested $40 million in German equipment manufacturer Schmid Group to support the company’s expansion domestically and in China.