Industrials
Propel exits Marstel to Norway's Stolt-Nielsen
Propel Investments has agreed to sell its 45% stake in Marstel Holdings, a bulk liquid terminal operator in Australia and New Zealand, to Norwegian firm Stolt-Nielsen for an undisclosed sum. Completion of the transaction is expected to take place in the...
CITIC Capital, Vector take RAE Systems private
CITIC Capital Partners and Vector Capital, a technology-focused global private equity firm, have completed the acquisition of RAE Systems in a take-private transaction worth approximately $138 million.
TPG, Affinity seek IPO exit from Singapore's UTAC
TPG Capital and Affinity Equity Partners are targeting a $400 million IPO for United Test Assembly Center (UTAC), a Singaporean firm that tests and assembles semiconductors. It is likely to be the largest listing in Singapore this year aside from business...
Baird buys into Chinese valve firm
Baird Capital Partners Asia (BCPA) has invested in Jiangsu Xinghe Valve, a Chinese company that produces instrumentation valves and fittings. The devices are used in the oil and gas, petrochemical, nuclear power and waste water industries among others.
Affinity Equity Partners, Unitas Capital exit Chinese drive manufacturer
Affinity Equity Partners and Unitas Capital have exited Leader & Harvest Technologies Holdings, a Chinese manufacturer of medium voltage drives, through a $650 million sale to Schneider Electric. The private equity firms are leaving with a 3x return on...
KKR in talks to raise stake in Indian power company
KKR is to purchase an 11% stake in Avantha Power & Infrastructure for $75 million, taking its total holding in the Indian company to just over 20%. A senior official with the company told the Economic Times that the two parties were in advanced discussions...
Origo buys stake in Chinese molybdenum miner
China-focused Origo Partners has purchased a 20% stake in Moly World, a molybdenum miner based in Inner Mongolia, for $10 million. As part of the deal, Origo Resources International, a commodities trading firm owned by the private equity firm, will receive...
Japan’s SBI, Abu Dhabi-based Invest AD launch Turkey-focused PE fund
Japanese financial conglomerate SBI Holdings and Abu Dhabi state-owned Invest AD will invest $100 million in a new private equity vehicle targeting companies in Turkey.
PAI sells UK auto company to Japan’s Itochu
French private equity fund PAI Partners will sell its UK auto parts portfolio company Kwik Fit to Japanese trading conglomerate Itochu after reportedly receiving EU regulators’ blessing to complete the acquisition.
ICICI Venture takes 10% stake in Indian restaurant chain operator
ICICI Venture, a private equity firm and a subsidiary of ICICI Bank, has acquired a 10% stake in Indian food and beverage chain operator Devyani International Limited for approximately $55.6 million.
TA Associates takes minority stake in Tega Industries in India
TA Associates, a growth-focused private equity firm, has completed a minority investment in Tega Industries Ltd., a company offering designs and production of consumables for the mining industry in India. Financial details were not disclosed.
KKR invests in Oz recycling company
KOHLBERG KRAVIS ROBERTS (KKR) HAS invested approximately A$90 million ($96.9 million) in Australia Stock Exchange-listed recycling group CMA Corporation.
J-Star looks to construction for its 12th deal
JAPANESE PRIVATE EQUITY FIRM J-STAR has taken a majority stake in Taiheiyo-Seiki Co. (THY), a privately held construction machinery manufacturer, marking J-Star’s second deal this year, following the investment into HCM, in-home care provider, and its...
Barrick Gold makes winning bid for Equinox
GOLD AND COPPER ARE NOT infrequently entwined in an ore body. So not surprisingly, some gold miners spin off secondary copper production as a by-product.
CNEI invests China’s LED producer
China New Enterprise Investment (CNEI), a China-focused private equity firm focusing on growth targets, has invested $11 million in Nanjing Handson, a domestic LED lighting application company.
J-Will Partner to sell Japanese yogurt company to Ito En
Japanese private equity firm J-Will Partners is reportedly set to offload its dairy product manufacturing asset, Chichiyasu Co., to one of the Japan’s largest beverage makers, Ito En Ltd., by the end of next month.
Carlyle gets its bearings in Japan
US-based private equity major The Carlyle Group is to acquire 96.56% of all outstanding shares in Japanese bearing parts maker Tsubaki Nakashima Co. from Nomura Principal Finance Co. (NPF), in what now holds the title as the largest private equity deal...
Advent ups investment in IPG
Advent Private Capital, a Melbourne-based mid market private equity group, has increased its original investment in Integrated Packaging Group (IPG), a packing specialty company in Australia, to $50 million. Advent already had a controlling stake, but...
Carlyle to take over Japanese manufacturer for $857m
U.S. private equity firm the Carlyle Group will acquire Japan
Miracle or mirage?
International strategic and SWF investment in the country is ramping up, though private equity’s engagement remains tentative. But some early movers say that is changing.
Aditya Birla invests in energy equipment manufacturer
Aditya Birla Private Equity has injected INR625 million ($13.8 million) in Bhopal-based GEI Industrial Systems Ltd., a maker of equipment for the energy sector.
Carlyle, TPG wait as Hero Honda tie-up ends
The Carlyle Group and TPG Capital are among the private equity groups poised to step in to buy Honda's stake in Hero Honda, coming as the Indian motorcycle giant and its Japanese parent Honda wind up a 26-year JV. The potential ticket size of the deal...
PEP begins bid for Tassal
Leading Australian buyout firm Pacific Equity Partners has announced its intention to acquire local ASX-listed salmon fishery and foods operation Tassal Group, requesting due diligence on the target.
Warburg Pincus QuEST Global deal confirmed for bigger ticket size
Warburg Pincus has invested $75 million in Singapore-headquartered engineering outsourcing services firmm QuEST Global, higher than the $60 million originally forecast, according to a joint announcement.