Industrials
Helix backs Hi-Rel Electronics MBO in India
Helix Investments is injecting $11 million into India's Hi-Rel Electronics Pvt. Ltd. to back a management buyout of the Ahmedabad-based industrial automation, power supply and power control company.
Japan's ETIC to back merger plan for Fuji Technica
State-backed Japanese turnaround fund the Enterprise Turnaround Initiative Corporation of Japan (ETIC) will support financing to Fuji Technica Inc., the country's second-ranked metal mold manufacturer, which intends to acquire Miyazu Seisakusho So., the...
Indonesia Case Study: Astra International
Astra International today is a $25 billion diversified conglomerate, and the star performer of the Indonesia Stock Exchange.
Navis completes exit from Linatex
Navis Capital Partners has completed its exit from investee Linatex to the UK's Weir Group, for $200 million, following a regulatory approval from South Africa's Competition Commission.
The sky’s the limit with Chu-ANA joint venture
Hong Kong-based First Eastern Investment Group Founder Victor Chu and his family are making their first foray into the highly regulated aviation industry in partnership with All Nippon Airways (ANA), Japan’s second-largest carrier, launching a budget...
Ananta Capital sets sights on Indian chemical firm as first investment target
Ananta Capital is set to make its first investment in India – into a domestic chemicals firm – via its debut $100 fund in the market, which has yet to experience its first close.
CITIC PE takes four coal miners in Shaanxi at a discount
CITIC Private Equity Funds Management Co., Ltd. (CITIC PE), the second largest industrial investment subsidiary of major PRC conglomerate CITIC Group, will acquire four medium-to-large size state-owned coal companies in Shaanxi province.
Hopu may bid for Potash
Hopu Investment Management may be contemplating participation in a bid for Canada's Potash Corp, currently opposing a $39 billion hostile takeover bid from BHP Billiton, according to reports.
IFC may invest $30 million into India's Kudos Chemie
The World Bank’s International Finance Corporation (IFC) is set to inject $30 million into fine chemicals maker Kudos Chemie Ltd., as part of a $135 million push to expand the company’s production capacity, according to local reports.
Korea's KDB buying Daewoo Engineering without fund platform
South Korean government-owned policy bank Korea Development Bank (KDB) will directly acquire Daewoo Engineering and Construction, previously controlled by the Kumho Asiana Group, which is currently struggling under substantial debts, rather than establishing...
Anchorage to buy Boral business units
Sydney-based private equity firm Anchorage Capital Partners has agreed to acquire the formwork and scaffolding business of local player Boral Ltd which engages in manufacture and supply of building and construction materials in Australia, the US and Asia,...
China Mining United Fund seeks further capital
The China Mining United Fund, which operates an RMB-denominated fund to invest in mining-related businesses, is slated to raise RMB3-5 billion ($442-736 million) for gold, iron ore and other metals projects.
Actis-backed Tema India seeks $32.4 million in PE funding
Tema India Pvt Ltd, a manufacturer of high-pressure heat exchangers, has reportedly approached private equity investors to raise INR150 crore ($32.4 million) in growth capital, in a move that suggests that five-year-long backer Actis may be exploring...
Ascent Capital exits 10% stake in Ambika Cotton Mills
VC firm Ascent Capital Advisors India has sold its 10% stake in Ambika Cotton Mills, five years after it paid INR16.2 crore ($3.5 million) for its position.
CVC and Standard Chartered win out in Acument Asia acquisition
CVC Capital Partners and Standard Chartered Private Equity Limited (SCPEL) have bested Kohlberg Kravis Roberts & Co. and Unitas Capital for control of the Asian operations of Acument Global Technologies, a fastener and assembly-solutions company, with...
Foods and agriculture – the next big theme?
A series of recent deals, such as the Carlyle Group’s $190 million investment in Singapore-listed industrial fishing company China Fishery Group, and the a $600 million pre-IPO investment led by Capital International and the Blackstone Group into Dili...
TLG Capital does first deal in India with Re-feel Cartridge
TLG Capital, a London-based investment firm, has made its first investment in India, taking a 36% stake in privately held Re-feel Cartridge Engineering Pvt Ltd, the country's largest printer cartridge refill and laptop repair services company, for some...
Murray's GEMS does new Sino-Forest deal
Entities under General Enterprise Management Services Ltd. (GEMS), the private equity platform of veteran investor Simon Murray, have completed the latest transaction related to noted GEMS investee Sino-Forest Corp., with a new investment and subsidiary...
CCB International sees 4x exit with China ITS
CCB International Asset Management Ltd., the investment and asset management arm of PRC lender China Construction Bank, has claimed a 4x return on one of its earliest deals, the 2006 investment into China ITS (Holdings) Co. Ltd., a leading PRC intelligent...
Haldia Coke gets $26.6. million from Gaja Capital Partners
Mumbai-based PE firm Gaja Capital Partners has invested INR125 crore ($26.6 million) into Haldia Coke & Chemicals Pte. Ltd., a producer of metallurgical coke, with the aim of expanding its mining, metallurgical coke and power-production operations.
Bain goes for Mr. China’s ASIMCO
Bain Capital is to become the controlling shareholder of ASIMCO Technologies Ltd., the Beijing-based manufacture of automotive components made famous by the book ‘Mr. China,’ for $150 million.
CVCI offloads 14.3% stake in India's JBF Industries
Citigroup Venture Capital International (CVCI) has sold a 14.3% stake in India’s JBF Industries for INR120 crore ($25.4 million) on the Bombay Stock Exchange, with Reliance Capital Trustee Co. in turn picking up 2.55 million shares for a 4.1% stake...
Actis to buy Halonix's general lighting unit
Emerging markets-focused PE firm Actis Capital is to fully acquire the loss-making general lighting business of Indian halogen bulb and lamp manufacturer Halonix, a company in which it currently holds a 66% controlling stake.
Carlyle agrees $200 million for China rubber business
US buyout firm Carlyle Group has agreed on a $200 million joint investment with US tyre major Goodyear Tire & Rubber Company, and Hixih Rubber Industry Group, to support their China rubber JV Shandong Aneng Conveyor Belt & Rubber Co.