Industrials
Anacacia exits Lomb to Thermo Fisher
Anacacia Capital has announced the divestment of its stake in Lomb Scientific (Aust), a science and healthcare chemicals, instrumentation and materials supplier to Australasia, to Thermo Fisher Scientific, an NYSE-listed science services group, for an...
Audley Capital launches activist resources fund
Activist investor Audley Capital has announced the launch of its Audley Natural Resources Fund, which seeks to take positions worldwide in companies exposed to "a high level of strategic interest from China, India and Brazil," with a $50 million launch...
Blue Point makes investment in Chinese retail designer
Blue Point Capital Partners, a New York-headquartered private equity firm, has made an investment in Haya Retail, a Beijing-based retail design and retail fixture manufacturing firm.
Resource Capital Funds invests Oz Murchison Metals
Colorado- and Perth-based mining-focused PE firm Resource Capital Funds is investing $100 million in ASX-listed Murchison Metals Ltd., an iron ore mining and exporting company, to support feasibility studies for iron ore mining and export infrastructure...
3i Hyva talks with Chongqing Machinery confirmed, Unitas probable
Sources close to the process have confirmed to AVCJ that 3i Group is in discussion with PRC strategic player Chongqing Machinery & Electric Company regarding the potential purchase of its portfolio asset Hyva, a Dutch hydraulic cylinder maker, which could...
CVC, SCPEL may list Amtek
CVC Capital Partners Asia Pacific and Standard Chartered Private Equity Ltd. investee Amtek Engineering, Singapore's largest metal stamping company and second largest precision engineering company, reportedly plans to raise as much as S$446-547 million...
Infinity invests in Harbin tools manufacturer
Infinity Group, the Israel-originated PRC-focused investment group, has announced an investment of RMB120 million ($18 million) in Harbin No.1 Tools Manufacturing Co. Ltd., a state-owned company which, according to the firm, is a major research and production...
JPMorgan, GIC investee Ballarpur seeks paper listing on LSE
Ballarpur Industries, which claims to be India's largest paper manufacturer, plans to set up a new UK-incorporated holding company for its unit Ballarpur International Graphic Paper Holdings (BIGPH), 20.47% invested by JPMorgan Principal Investment and...
Blackstone-backed China National BlueStar intends to buy Norwegian solar cell maker
China National BlueStar, the Chinese specialty chemicals company partly owned by US buyout firm the Blackstone Group, is reportedly in talks to acquire some or all of Norwegian solar cell maker Elkem AS, owned by a Norwegian conglomerate Orkla ASA.
BHP end game for PotashCorp?
The tussle for control of Canadian fertilizer behemoth PotashCorp took another turn on October 14th, when news broke that premier Chinese chemicals SOE Sinochem Corp. had decided against a counteroffer to rival the $39 billion hostile bid by Australian-based...
Baring powers up for NASDAQ take-private bid
In what could be the start of a delisting trend among US-listed Asian companies, Baring Private Equity Asia has made a privatization bid for NASDAQ-listed Chinese electric motor manufacturer Harbin Electric, alongside the target company’s chairman and...
Actis exits Sri Lanka's Ceylon Oxygen to Linde Group
Actis has exited its 95% stake in Sri Lankan industrial and medical gases business Ceylon Oxygen to global strategic peer The Linde Group, for an undisclosed amount.
Jordan exits China’s International Mining Machinery
The Jordan Company has exited part of its holding in PRC mining equipment manufacturer International Mining Machinery (IMM), which listed on the HKSE in February 2010, receiving some $151 million.
Carlye, KKR, Warburg Pincus ready as India's Hero Honda deal restarts
US PE majors the Carlyle Group, Kohlberg Kravis & Roberts (KKR) and Warburg Pincus are in line to take a 15-18% stake apiece in India's Hero Honda Motors, coming as Japanese auto maker Honda nears its exit from the JV.
Canada's Teck sees CIC stake triple value
The CEO of Canadian diversified mining business Teck Resources Ltd. has emphasized the success of the China Investment Corporation (CIC)'s July 2009 $1.5 billion private placement into the company, which he said had tripled in asset value since the deal.
Brazil's JBS, Goodman Fielder, others in frame for PEP's Tegel exit
Pacific Equity Partners New Zealand poultry investee Tegel Foods is expected to see strong interest from Brazilian, Asian and Australian strategic acquirers, potentially driving the sale price tag up as far as NZ$1 billion ($755 million), following the...
RBA may pick up Candover investee Securency in fire sale amid bribe investigation
The Reserve Bank of Australia (RBA) is likely to take full ownership of banknote manufacturing company Securency International Ltd, as a bribe investigation continues at RBA's JV partner in the company, invested by Candover Partners.
GIC, Temasek to list investees in return of big SGX IPOs
Global Logistic Properties Ltd. (GLP), the international logistics business owned by Singapore SWF the Government of Singapore Investment Corp. (GIC), plans to raise S$3.45 billion ($2.64 billion) in an SGX listing which could be the largest in Singapore...
Private equity may bid for Japan's Kyowa Hakko Chemical
Kyowa Hakko Kirin Co. Ltd., a leading Japanese pharmaceutical company, is looking for a buyer to take over its chemicals subsidiary, and has already been in discussions with several private equity firms, according to Japanese reports.
Prax Capital does NASDAQ PIPE in China's Keyuan Petrochemicals
China-focused private equity firm Prax Capital Management has led a $20.3 million PIPE investment in NASDAQ-listed Keyuan Petrochemicals, Inc., a Chinese petrochemical products manufacturer.
Bain completes Mr. China ASIMCO deal
Bain Capital has announced the completion of its acquisition of ASIMCO Technologies Ltd., the Beijing-headquartered auto parts company made famous by the book ‘Mr. China,’ from Key Principal Partners and other investors in the business.
Standard Chartered Private Equity plans IPO exit with India’s Endurance Techologies
Standard Chartered Private Equity Ltd. (SCPEL) is looking at a partial exit from Indian investee Endurance Technologies Ltd. via an IPO, as the auto parts manufacturer targets a domestic listing.
India's Pipavav Shipyard sees private equity exit
After a successful listing on India's Bombay Stock Exchange last year, Indian shipbuilder Pipavav Shipyard Ltd. has said that private equity investors, including Indus Capital, New York Life Insurance, Standard Chartered Private Equity and Trikona Capital,...
Metmin plans exit as Tecpro goes IPO
Indian private equity investor Metmin Investments is planning a partial exit on a five-year investment in Tecpro Systems Ltd., the Indian bulk solids handling company also invested by Avigo Capital, Credit Suisse, Kotak Mahindra Capital and the Macquarie...