Industrials
Portfolio: Standard Chartered and Navigat
Supported by Standard Chartered, Indonesia-based Navigat has evolved from a gas power equipment distributor into a fully-fledged independent power provider, serving geographies that others can’t reach
Denham mines Pembroke talent
When Barry Tudor stepped down as CEO of listed mining firm Gloucester Coal in 2012, he left behind quite a legacy. Tudor and his team shepherded the firm through a number of high-profile acquisitions – including that of Australia’s Middlemount Project...
Play the man
Denham Capital's investment in Pembroke Resources appears to follow a standard pattern: Find a management team with a track record of building and selling resources companies; furnish them with start-up capital to accumulate a portfolio of assets; provide...
Denham Capital invests $200m in Asia coal play
Denham Capital will invest $200 million in Pembroke Resources as the newly-formed company looks to develop a portfolio of metallurgical coal assets across Australia, New Zealand and Indonesia.
Australian agriculture: Mean fields?
The Australasian agricultural space is increasingly interesting to LPs that want an inflation hedge and a proxy to rising demand for quality food in emerging Asia, but local superannuation funds are slow to bite
SE Asia power developer Navigat gets additional PE backing
Indonesia-focused PE firm Mahanusa Capital and Gunung Sewu Group have invested $21 million in Navigat Group, a distributed power plant developer and power equipment distributor in Southeast Asia.
Sentient supports Papua New Guinea mining project
Marengo Mining has received a $3 million loan from its major shareholder, private equity firm The Sentient Group, to develop a copper-gold project in Papua New Guinea (PNG).
EmergeVest invests $20m in Asian apparel supplier
EmergeVest, a Hong Kong-based PE boutique set up in late 2013 by two former executives from HSBC’s Asia principal investments division, has committed $20 million in equity financing to apparel supplier JD United Manufacturing (JDU).
J-Star's Kugami deal fits the mold
If anything is to be learnt from J-Star's acquisition of Japanese plastic-molded auto parts maker Kugami, it is that when one door closes another opens.
Australia's Gresham PE exits freight business to McAleese
Silk Logistics Group, which is owned by Australian GP Gresham Private Equity’s portfolio, has sold its last operating division, WA Freight Group (WAFG), to McAleese for A$15.4 million.
INCJ-backed JV acquires NZ-based packaging business
A Japanese joint venture - 40% owned by the Innovation Network Corporation of Japan (INCJ) - has acquired the pulp, paper and packaging (PPP) unit of New Zealand-based forest products company Carter Holt Harvey (CHH) for just over NZ$1 billion ($857 million).
Cerberus-backed Seibu gains 11% on trading debut
Seibu Holdings, which counts Cerberus Capital Management as its largest shareholder, saw its stock rise 11% on its trading debut in Tokyo on Wednesday.
India's Kedaara seals debut deal
India-focused GP Kedaara Capital has made its first investment, taking a 23% stake in Mahindra Logistics for INR2 billion ($32.7 million).
J-Star buys majority stake in Japan plastic parts manufacturer
Japanese mid-market buyout firm J-Star has acquired a 70% stake in Kugami, a Yokohama-based plastic parts manufacturer serving the auto and electronics industries, for an undisclosed sum.
RRJ, OCBC invest in Chinese paper packaging firm – update
RRJ Capital and OCBC Bank's mezzanine capital unit have together invested $65 million in Nature Packaging Group, one of China’s largest paper packaging firms.
PE-backed consortium ups privatization bid for China's Yongye
A consortium supported by Morgan Stanley Private Equity Asia (MSPEA) has modified its take-private bid for Chinese nutrients company Yongye International, sweetening the deal in return for a lower shareholder approval threshold for it to go through.
Hony supports Canadian energy investment platform
Hony Capital has agreed to support Canada Capital Energy Corporation (CCEC), a Chinese-owned oil and gas exploration and exploitation company, as it seeks to acquire energy assets in Western Canada.
Temasek invests $40m in India's StarAgri
Temasek Holdings has invested INR2.5 billion ($40 million) in Indian agri-services provider Star Agriwarehousing and Collateral Management.
Morgan Stanley PE Asia agrees two China take-privates
Two privatizations US-listed Chinese companies backed by Morgan Stanley Private Equity Asia (MSPEA) have won board approval. Noah Education Holdings and Sino Gas International Holdings are now a shareholder vote away from de-listing.
Tata Opportunities Fund commits $50m to Varroc Engineering
Tata Opportunities Fund has invested INR3 billion ($30 million) in Varroc Engineering, an Indian auto component manufacturer owned by Varroc Group.
Standard Chartered backs Australia-listed manganese miner
Standard Chartered Principal Finance has provided a $50 million debt financing package for OM Holdings (OMH), an Australian Securities Exchange-listed mining company, and several of its affiliates.
Hopu supports $1.5b Noble Agri deal, reaches first close on Fund II
A consortium led by Hopu Investments will take a minority position in an agribusiness joint venture being set up by Chinese agricultural conglomerate COFCO Corporation and Noble Group, an agriculture and energy supply chain manager.
Wolseley's Blue Star targets Australia printing consolidation
Blue Star Group, an Australian printing and communications specialist owned by Wolseley Private Equity, has agreed to merge with Independent Print Media Group (IPMG) to form the country’s largest printing company.
Mitsui leads $60m round for NZ cleantech play LanzaTech
Japan's Mitsui & Co has led a $60 million Series D round for New Zealand-based low-carbon fuels producer LanzaTech.