Industrials
Rabo Equity invests $11 million for 20% stake in Vacmet India
Rabo Equity Advisors has taken a 20% stake in Vacmet India Ltd., a manufacturer of packaging films, for $11 million through funding from its $120 million India Agri Business Fund.
Bain Capital to invest $150 million in ASIMCO
Bain Capital has reached an agreement to acquire $150 million of controlling shares in ASIMCO Technologies Ltd., the Beijing-based manufacture of automotive components made famous in the book 'Mr. China', from existing shareholders, including some private...
Longeach succeeds in bid for 99.53% of Sanyo Logistics
Pan-Asian private equity firm The Longreach Group announced the successful completion of its tender offer to acquire the issued and outstanding common shares of Sanyo Electric Logistics Co., Ltd., the logistics subsidiary owned by Sanyo Electric Co.,...
Goldman Sachs to sell its 86% stake in Teibow
Goldman Sachs is set to sell its 86% stake in Japanese manufacturer of pen nibs Teibow Co. for as much as JPY10 billion ($113 million), according to reports.
Khazanah cornerstones Hony investee Chaowei Power IPO
Chaowei Power Holdings Ltd., a PRC electric bike motor battery manufacturer, debuted on the Stock Exchange of Hong Kong, collecting HK$474.8 million ($61 million), but saw its stock fall over 9% on its first trading day, amid global and PRC economic uncertainties.
Carlyle to take 11.3% of Pokphand for China
The Carlyle Group has agreed to acquire an 11.3% stake in Thailand-headquartered animal-feed maker C.P. Pokphand Co., the second largest supplier of animal feed by sales in China, from Charoen Pokphand Group, Thailand’s largest agribusiness conglomerate,...
CCB backs PRC’s first aviation fund
In partnership with China Aviation Industry Corp., China Construction Bank (CCB) has formally established the country’s first ever aviation-focused industry fund, the AVIC Fund of China.
Japan: Spring after a long winter?
METI’s new proposal could sway perceptions among PE and promoters alike
Affinity exits Loscam in PRC trade sale
After months of negotiation that supplanted a potential IPO, Affinity Equity Partners has exited its Australian pallet business Loscam – in a trade sale to PRC strategic player China Merchants Group.
Bain exits Feixiang Chemicals ahead of Rhodia acquistion
Bain Capital is set to offload its investment in China's Feixiang Chemicals ahead of the company's full acquisition by French chemical developer Rhodia for $489 million.
Wise Partners backs Izumi turnaround
Japanese private equity firm Wise Partners will become the formal sponsor for the restructuring of Izumi Product Company, a manufacturer of electric shavers and other electrical appliances, following the latter's application for Chapter 11 bankruptcy...
TPG/AA JAL deal still flying?
TPG Capital and American Airlines' plan for a $1.4 billion turnaround investment in Japan Airlines (JAL), seemingly stalled, has received fresh impetus with JAL making a formal application for anti-trust clearance to Japanese regulators, so as to proceed...
Consortium to invest $279.5 million into Tangshan Jidong Cement
A consortium of investors including Singapore's GIC, New Horizon, and US multi-strategy firm Siguler Guff,plans to invest more than RMB1.9 billion ($279.5 million) into Tangshan Jidong Cement Co., a PRC cement business, to take a 10% stake in the Shenzhen-listed...
KIC allots $200 million for Chesapeake
South Korean SWF the Korea Investment Corporation (KIC) has said that it will invest $200 million as part of its participation in the $900 million stock issue by heavily indebted US natural gas and energy company Chesapeake Energy.
KKR supports Sajjan Jindal India steel
Kohlberg Kravis Roberts & Co. has made an INR650 crore ($140 million) commitment to India's Sajjan Jindal group, cited as India's richest private steel producer, in a structured sponsored finance package mixing debt, equity and cash, to support the group's...
Navis exits Linatex to Weir Group
Navis Capital Partners has announced its exit from its 2005 investment into Linatex, a Malaysia-headquartered specialist rubber manufacturer supplying the mining and sand/aggregates industries, through a trade sale to The Weir Group for $172.5 million.
Ross flies out of SpiceJet
Leading US investor Wilbur Ross has exited from the 30% stake his WL Ross & Co. investment group held in Indian budget airline SpiceJet for $127 million, yielding a substantial profit after just under two years in the asset.
Riverside finds ideal Japan succession play in electronics
Leading SME-focused private equity firm The Riverside Company has acquired 100% of Naka & Co., Ltd., a Japanese manufacturer and distributor of crystal oscillators, a component of almost all electronic equipment.
CLSA RMB fund JV aims to start investing 3Q10
Hong Kong-headquartered brokerage firm CLSA's China asset management joint venture aims to close on RMB10 billion ($1.5 billion) for its new energy and new materials-focused fund, according to Shi Derong, chairman of state-owned Shanghai Guosheng Group...
Navis offers $55 million for Singapore warehouse firm Eng Kong
Private equity firm Navis Capital Partners has launched a S$77.4 million ($55 million) bid for SGX-listed container services and warehousing company Eng Kong Holdings.
Affinity exits Loscam to PRC's CIMC - reports
After several months of apparent negotiation, Affinity Equity Partners is reportedly exiting its Australian investee Loscam, a pallet provider, to China International Marine Containers (CIMC), which apparently beat out private equity bidders CHAMP Private...
Sequoia backs Hindusthan National Glass
Sequoia Capital India has invested $27 million into Indian domestic consumer and household glass container manufacturer Hindusthan National Glass and Industries, through a public markets deal.
Carlyle makes $291 million Contract Aviation bid
The Carlyle Group has consummated its protracted pursuit of Contract Aviation Industries with an A$350 million ($291 million) bid for the Australian aircraft and helicopter leasing company, which originally planned to launch an IPO in late March before...
Asian SWFs ramp up in North American oil and gas
Dearth of Western investment post-GFC opens door to Asian players