Industrials
Origo sets up Myanmar joint venture
Origo Partners and Myanmar-based Serge Pun & Associates (SPA) have formed a joint venture in Myanmar to identify investment opportunities across the natural resources and other sectors.
RRJ, Blackstone boost holding in Cheniere Energy
RRJ Capital and GSO Capital, The Blackstone Group’s credit arm, have bought the bulk of $372 million in shares issued by Cheniere Energy Partners, a limited partnership that controls America’s fire liquefied natural gas (LNG) export plant.
Provident increases stake in mining firm Sumatra
Provident Capital Partners has upped its stake in Sumatra Copper & Gold, an Australian-listed mining company operating on the Indonesian island of Sumatra. The investment forms part of A$63 million ($64 million) in debt and equity funding for the company's...
STIC-led consortium finalizes LIG Nex1 deal
A group of Korean investors led by STIC Investments has agreed to buy a 49% stake in LIG Nex1, a domestic aerospace and defense company owned by LIG Group. The sale price is said to be KRW420 billion ($388 million).
Everbright to support Termbray Petro-King's Hong Kong IPO
Everbright Private Equity will participate as a cornerstone investor in Termbray Petro-King Oilfield Services' HK$847.5 million ($109 million) Hong Kong IPO.
KKR, Allegro target Australia's ailing Geon
KKR and Allegro Funds have placed Australian commercial printing company Geon Group into administration and are looking to buy parts of the business out of receivership. The pair became creditors last year following the acquisition of a portfolio of distressed...
Bain generates $69m through Greatview sell-down
Bain Capital has raised around $69 million from a sell-down in Hong Kong-listed Greatview Aseptic Packaging.
CMIA, China Merchants complete China Farm take-private
CMIA Capital Partners and China Merchants Holdings have completed the privatization of Singapore-listed agriculture machinery manufacturer China Farm Equipment (CFE), following an investment of $23 million.
Advent generates 2.5x on rationalization play
Locker Group Holdings, an Australian metal products manufacturer recently exited by Advent Private Capital to US-based Valmont, is an example of post-global financial crisis rationalization.
Kazakh sovereign fund buys stake in domestic zinc producer
Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, has bought a 29% stake in Kazzinc, a domestic zinc producer controlled by Glencore.
Zephyr Peacock, Credence back 20Cube Logistics
Zephyr Peacock India and Singapore-based Credence Partners are to invest $17 million in 20Cube Logistics for a significant minority stake.
Everstone bets on India's logistics space
The fact that Dehli-based Transpole is regarded one of India's largest shipping logistics firms yet still accounts for around 3% of its market speaks volumes for the level of fragmentation in the sector. Everstone Capital is betting on Transpole's potential...
Hahn & Co. in $130m bankruptcy buyout
Sourcing deals through South Korea's bankruptcy courts is notoriously complicated, but even by these standards Korea Line presented a challenge. The sale process was officially launched late afternoon on December 21, the Friday before what most people...
Australia’s Advent sees 2.5x return on Locker investment
Advent Private Capital has sold metal products manufacturer Locker Group Holdings to US-based Valmont Industries, generating a 2.5x money multiple on its investment. According to AVCJ Research, the Australian GP acquired an 80% stake in Locker just over...
Baring PE Asia exits Taiwan-listed Airtac
Baring Private Equity Asia (BPEA) has completed its exit from Airtac International Group, a Taiwan-founded but now mainland China-headquartered manufacturer of pneumatic components.
Caterpillar's China scandal draws attention to ex-PE asset IMM
International Mining Machinery (IMM), a Chinese mining equipment manufacturer acquired by Joy Global from private equity investors in 2011, has been thrust into the spotlight as a result of Caterpillar’s China accounting scandal.
ePlanet exits agro-chemicals firm as Japan's SDS enters
ePlanet will exit Indian agro-chemicals firm Sree Ramcides Chemicals as Japan's SDS Biotech invests INR1 billion ($18.8 million) in the company for a 65% stake.
Hahn & Co to buy Korea Line via bankrupcty process
Hahn & Co. has been selected by a bankruptcy court as the preferred bidder for a 50% controlling stake in Korea Line, South Korea’s fourth-largest shipping company. The enterprise value of the transaction is KRW1.1 trillion ($1 billion), with Hahn &...
OTPP in running for Leighton asset – report
Ontario Teachers' Pension Plan (OTPP), Canada’s third-largest pension fund, is reportedly among the final bidders for NextGen, the fibre-optics business being sold by Australian contractor Leighton Holdings. The deal could be worth as much as A$870...
PE-backed Amtek sells 5% stake in subsidiary
Auto component maker Amtek Auto, which is backed by Warburg Pincus and ChrysCapital, has sold a 5% stake in its subsidiary Amtek Crankshafts (India) to an unnamed foreign investor for INR223 million ($4.1 million).
KKR boosts Asia business by offering outbound deal access
Building relationships and generating deal flow in Asia doesn’t necessarily involve starting in Asia, according to Joe Bae, regional head of KKR. The private equity firm has made inroads in Japan, South Korea and China by providing local partners with...
Project Europe: China targets high-end manufacturing
Chinese strategic investors are bidding up manufacturing assets in Europe. There is room for PE players to participate, but they will generate value by identifying high-tech targets early in the value chain
Ironbridge sells NZ-based EnviroWaste to Cheung Kong Infrastructure
Ironbridge Capital has agreed to sell EnviroWaste, New Zealand’s second-largest waste services business, to Hong Kong’s Cheung Kong Infrastructure Holdings for NZ$490 million ($412 million). The Australian private equity firm acquired EnviroWaste...
Hony exits Hong Kong-listed Chaowei Power
Hony Capital has exited all its shares in Chaowei Power Holdings, a Chinese lead-acid battery manufacturer listed in Hong Kong, for HK$600 million ($77 million).