Industrials
FountainVest buys majority stake in US-based Key Safety Systems
FountainVest Partners has acquired a controlling interest in Key Safety Systems (KSS), a US-based auto components manufacturer that has considerable exposure to China. Canada Pension Plan Investment Board (CPPIB) is participating as a co-investor.
Resource Capital invests $3m in Australia's MZI Resources
Mining-focused private equity firm Resource Capital Funds (RCF) has invested $3 million in Australian Securities Exchange-listed mineral sands explorer MZI Resources after agreeing to add to an existing short-term loan facility of $4.5 million.
Partners Group's Sino-European play
The manufacturers of guide rails used in elevators are an oligopoly serving an oligopoly. Three companies control 80% of the market and eight of their clients are responsible for 90% of the world’s elevators. This concentration of supply may in part be...
Ekuinas buys majority stake in Malaysian tanker company
Ekuinas, the Malaysian government-backed private equity investor, has agreed to acquire up to 95.5% of Orkim, one of the country’s largest clean petroleum product (CPP) tanker companies, for MYR346.3 million ($109 million).
China-Israel fund invests $42m in Swiss tool maker
Catalyst CEL Fund, a joint venture between China Everbright and Israel-based Catalyst Equity Management, will invest approximately $42 million in Lamina Technologies, a Switzerland-based tool manufacturer.
Hony in $113m China farm machinery deal
Hony Capital has acquired a 20% stake in Chinese farm machinery maker Chery Heavy Industry for RMB696 million ($113 million).
Asia energy: Oil angle
The continued growth of the Asia economies means increased demand for energy. Major Asian countries and corporations are rising to the challenge and paying top dollar for almost every oil and gas interest they can lay their hands on - not to mention extraction...
Warburg Pincus, Baosteel in $488m industrial gases deal
Warburg Pincus and a subsidiary of Chinese steel producer Shanghai Baosteel Group have agreed to buy industrial gas assets from Henan Jinkai Chemical Investment Holding for RMB3 billion ($488 million).
Oil angle: PE finds a route in Asia
The continued growth of the Asian economies means increased demand for energy. Major Asian countries and corporations are rising to the challenge and paying top dollar for almost every oil and gas interest they can lay their hands on – not to mention...
Q&A: Blackstone's Angelo Acconcia
The Blackstone Group has entered Southeast Asia's oil and gas space with an $800 million commitment to Tamarind Energy. Angelo Acconcia, managing director at Blackstone Energy Partners, explains the rationale
Partners Group buys China-focused elevator components maker
Partners Group has agreed to buy a controlling stake in Suzhou Savera Elevator Riding System, a Spanish elevator components manufacturer that now draws most of its business from China, for an enterprise valuation of more than $450 million.
China's AVIC confirms talks to buy PE-backed Avolon
AVIC Capital, a subsidiary of aircraft manufacturer Aviation Industry Corporation of China, has confirmed it is in talks to buy Avolon, an aircraft leasing company owned by Oak Hill Capital, CVC Capital Partners and Cinven.
MBK agrees $243m sale of Korea's Techpack Solutions
MBK Partners has agreed to sell bottle manufacturer Techpack Solutions to Dongwon Systems Corp, the industrial materials division of domestic conglomerate Dongwon Group, for KRW250 billion ($245 million).
Goodpack shareholders back KKR buyout
Shareholders of Singapore-listed Goodpack, the world largest maker of intermediate bulk containers (IBCs), have approved a S$1.4 billion ($1.1 billion) take-private offer made by KKR.
Walden Riverwood leads $8m Series A for Japan's Atonarp
Walden Riverwood Ventures has led an $8 million Series A round of funding for Atonarp, a Japanese developer of chemical sensors.
Australian agri information service gets Series C round
Agworld, an Australia-based information exchange platform for farmers, has raised A$6 million ($5.6 million) in a Series C round of funding led by Reed Elsevier Ventures. Existing investor Yuuwa Capital also participated.
Omnivore has sunny outlook for SkyMet
With around two-thirds of India's 1.2 billion-strong population reliant on farming for a livelihood the importance of the monsoon season to the economy cannot be overstated. A weak monsoon can cut exports, drive food price inflation and ultimately cause...
Khazanah to privatize trouble-hit Malaysia Airlines
Malaysia Airlines (MAS), the beleaguered national carrier that has tragically lost two planes in the space of four months, will be privatized and restructured by its largest shareholder, Khazanah Nasional in a deal worth MYR1.38 billion ($432 million)....
Baring-backed Kangda acquires sewage treatment plants
Kangda International Environmental, a Chinese water treatment facility operator backed by Baring Private Equity Asia, has acquired a 90% stake in four sewage treatment plants for RMB270 million ($47 million).
PE-backed Metro Glass gains 5.9% on NZ debut
Shares in Metro Performance Glass - the New Zealand glassmaker whose backers include Crescent Capital, Anchorage Capital and Sankaty Advisors - gained 5.9% on its first day of trading following its NZ$244.2 million ($227 million) IPO.
Blackstone to invest up to $800m in Tamarind Energy
Blackstone has made a commitment to invest up to $800 million in Malaysia-based oil and gas exploration and production start-up, Tamarind Energy, alongside management. The investment is being made via the GP's energy investment unit, Blackstone Energy...
WH Group sets terms for HK IPO to raise $2b
WH Group, the Chinese pork producer backed by investors such as CDH Investments and Goldman Sachs, has set terms for a revised Hong Kong IPO that will raise up to HK$15.9 billion ($2.05 billion).
Darby PE backs Indian engineering consultancy
Darby Private Equity, a PE arm of Franklin Templeton Investments, has committed an undisclosed sum to Enzen Global Solutions, an Indian engineering consultancy.
CLSA, Korean corporate launch $295m global co-invest fund
CLSA Capital Partners (CLSACP) launched a KRW300 billion ($295 million) global co-investment fund in partnership with South Korean tire manufacturer Nexen. The primary LP is the National Pension Service of Korea (NPS).