Industrials
Longreach bids for Sanyo Electric Logistics
First Japan investment in four years for buyout fund
Private equity joins Ssangyong bid
Seoul Investment, a Korean private equity firm, has joined the bidding for local carmaker Ssangyong Motor Co., alongside Indian strategic bidders Mahindra & Mahindra Ltd., and Ruia Group, Renault SA, and Korean industry peers SM Group and Young An Hat...
Valco plans $1bn Indonesia port deal
Valco Capital Partners, the private equity arm of UK strategic advisory and turnaround group Hilco UK Ltd., is preparing to spend up to $1 billion on a 9.36% stake in PT Freeport Indonesia, the country's largest gold and copper mining company, according...
Warburg Pincus's Gathani joins RBS
Viral Gathani, previously a principal with Warburg Pincus in Hong Kong, is joining RBS as Head of Energy and Resources, Asia.
StanChart seeks stake in Indian bottles
Standard Chartered Private Equity Ltd. (SCPEL) is in discussion over a 15% stake in CK Jaipuria Group, the Indian bottler of PepsiCo. and other international brands, for up to $32 million, according to Indian reports.
China International Fund backs $2.7bn Bellzone Guinea project
The China International Fund Ltd. (CIF), a little-known Hong Kong-incorporated infrastructure investment entity, is to fund a $2.7 billion plan to develop the Kalia Iron Project, a magentite mining facility in the Republic of Guinea in West Africa, held...
First Reserve takes high Calibre in Oz
Majority stake shows strength of mining services
Temasek loses Indonesia competition appeal
Singapore SWF Temasek Holdings has lost its final appeal before Indonesia's Supreme Court in an anti-monopoly case concerning its positions in cellular providers PT Telekomunikasi Selular (Telkomsel) and PT Indosat.
Barclays Capital arm backs Oz Hydra Energy
Barclays Natural Resource Investments, a division and co-investment partner of Barclays Capital, is backing the formation of Hydra Energy, a petrochemicals start-up seeking undeveloped or late-life oil and gas assets in Australia.
CIC, KIC to invest in Chesapeake
Leading Asian SWFs the China Investment Corporation (CIC) and the Korea Investment Corporation (KIC) are reportedly joining a $900 million investment into heavily indebted US natural gas and energy company Chesapeake Energy.
First Reserve gets large Calibre
Resources-focused private equity firm First Reserve Corp. has taken a 75%+ stake in Western Australian engineering firm Calibre Global, reportedly for at least A$100 million ($86 million).
Actis KS Distribution deal approved
Creates Asia’s largest oil/gas products business
IFC backs India contract manufacture with Craftsman
The International Finance Corporation (IFC), the private sector arm of the World Bank, will make a substantial equity investment in OEM manufacturing company Craftsman Automation Pvt Ltd in June, according to Indian reports.
CIC invests Penn West oil sands
China Investment Corporation has continued the recent trend of PRC investment in Canada's northern oil sands regions, paying C$817 million ($801 million) for 45% of energy trust Penn West's Peace River project.
CITIC Capital Japan to take Higashiyama Film
HF Holdings, a wholly-owned special purpose vehicle formed by CITIC Capital Holdings Ltd, CITIC Capital Japan Partners II LP, Castle Rock Holdings SPRL and Wealth Rock Holdings SPRL, has announced it will acquire 55.3% of Higashiyama Film Ltd from its...
CAS Capital to privatize JASDAQ's Merktec for $65 million
CAS Capital, a Tokyo-based investment firm targeting management buy-ins and buyouts, will sponsor the privatization of Marktec Corporation, a JASDAQ-listed maker of non-destructive testing (NDT) products, through a tender offer, with a total value of...
GE, CNOOC plan JV fund
PRC petrochemicals giant China National Offshore Oil Corp. (CNOOC) and General Electric Co. are in discussion to create a 50:50 JV private equity fund in the RMB3 billion ($440 million) range, according to PRC press reports.
Longreach Group may win Sanyo logistics company
Hong Kong-headquartered private equity firm The Longreach Group has emerged as the potential lead bidder for Sanyo Electric Logistics Co.,Ltd, a Japanese logistics company owned by Sanyo Electric, the electronics manufacturer acquired by Panasonic in...
Fidelity India invests Punj Lloyd arm
Fidelity Growth Partners India has invested an undisclosed sum for a minority stake in energy and infrastructure engineering services company PL Engineering, a division of leading conglomerate Punj Lloyd.
Sinopec stakes its claim
China’s biggest North American deal to date with 9% of Syncrude
Catalyst picks up Actrol Parts
Australia's Catalyst Investment Managers has 100% acquired Actrol Parts, a wholesaler and distributor of refrigeration and air-conditioning systems and components, from parent GSA Industries, for an undisclosed amount.
IFC contemplates China pigs
The International Finance Corporation is assessing a $10 million investment into a $51.3 million project launched by Muyuan Foodstuff Co. Ltd. to build four pig farms in Henan Province, with a capacity of 500,000 animals.
Quam Suzhou RMB fund makes first deal
The Suzhou QUAM-SND Venture Capital Enterprise, an RMB VC fund formed by a unit of Hong Kong-listed financial services group Quam Ltd., has announced its first investment, an RMB50 million ($7.3 million) growth capital commitment to PET bottle manufacturer...
KKR solidifies India cement with Dalmia
Kohlberg Kravis Roberts & Co. has agreed an investment of around INR750 crore ($164 million) into Dalmia Cement (Bharat), for a c.20% stake in unlisted subsidiary Avnija, which will house the group's cement manufacturing capacity to create India's largest...