Industrials
India moots energy fund
According to an Indian government official, India may consider deploying some of its $254 billion in foreign exchange reserves into an SWF to support its state-connected businesses in acquiring energy assets.
CVC AP exits Paperbox to Japan's Oji Paper
CVC Asia Pacific has agreed to sell its $212 million Malaysian pulp and paper investment, Paperbox Holdings Ltd, to one of the world's largest paper producers, Oji Paper Co Ltd., for an undisclosed amount.
Agri Business goes Global Green with $10 million
The India Agri Business Fund, operated by Rabo Equity Advisors, has invested $10 million into The Global Green Company, the foods division of $4 billion Gautam Thapar-backed Indian business conglomerate Avantha Group.
Nine Rivers invests India's AgriSystem
Nine Rivers Capital has reportedly invested some $7 million in Indian agricultural processing and distribution business Global AgriSystem.
Dojane Capital in Joyrun Heavy Industry deal
Shanghai-based investment firm Dojane Capital, will invest RMB100 million ($14.6 million) alongside four unidentified investment institutions in Jiangsu Province-based Joyrun Heavy Industry, a large manufacturer of high-end precision casting parts.
Mining and metals: All that glitters
All that glitters may not be gold; but most metals are enjoying robust price growth, with rosy prospects for the longer term, say senior market observers.
Sumitomo Mitsui launches turnaround fund
Sumitomo Mitsui Banking Corp. will launch a JPY 30 billion ($332 million) corporate turnaround fund to help the bank’s SMEs clients to turn around struggling businesses.
Denham sells Trinity Coal to India's Essar
US private equity firm Denham Capital has agreed the sale of its US mining asset Trinity Coal to Indian industrial conglomerate Essar Group for $600 million.
CITIC and Fubon form new leasing company
Taiwan's Fubon Venture Capital and CTTIC Asset Management have jointly establishment a leasing company in China, representing the first cross-Taiwan financial partnership after the recent memorandum of understanding on cross-Strait cooperation in financial...
Apollo sees off Reliance challenge for LyondellBasell
Apollo Management and other creditors have rejected a bid from India's Reliance Industries for bankrupt Dutch chemicals firm LyondellBassell Industries, which valued the target at $14.5 billion.
Stokes Seven deal bets against media
Australian billionaire Kerry Stokes has merged publicly-listed media group Seven Network, which he co-owns with Kohlberg Kravis Roberts & Co., with his unlisted heavy machinery and mining business WesTrac, in an A$1 billion ($900 million) all-share deal....
Kirin sells two subsidiaries to Dutch fund H2
H2 Equity Partners, a Netherlands-headquartered private equity firm, will buy two subsidiaries of Kirin Holdings, the Japanese beverages giant.
Japan regional fund aids fishing industry
Challenge Kyushu SMEs Ganbare Fund, a JPY1 billion ($11 million) regional fund operated by Dogan Investments Inc., a Kyushu-based investment boutique, has made two investments in marine food and products companies in the southerly region, Japan's third...
New bids for Daewoo Engineering
According to Korean reports, the Korea Development Bank and other potential acquirers, including local conglomerate STX Group and a so-called TR America Consortium, are jockeying for position in a fresh round of bids for moribund Korean construction asset...
IPOs a mixed bag for HK, China
The recent poor performance of IPOs on the Hong Kong Stock Exchange is a stark contrast with the upward trend of 2009’s world IPO leader.
SPRING SEEDS-backed biofuel plant opens in Singapore
The opening of the Singapore Emulsion Fuel Pte Ltd marks a new era in the city state’s long-term history as a major regional fuel refiner. Backed by SPRING SEEDS Capital, under the aegis of the National Environment Agency (NEA) and the Building & Construction...
Jordan's IMM IPO shrinks as HKSE market wanes
International Mining Machinery (IMM), a Chinese mining equipment producer jointly formed by New York-headquartered private equity firm The Jordan Company, and Beijing based co-investors Emory Williams and John Lee, has set its Hong Kong IPO at 520 million...
Mahindra loads up PE arm
Mahindra Partners, the new private equity arm of Indian conglomerate the Mahindra Group, has gathered non-core group assets with a combined turnover of $500 million under its umbrella, including Mahindra Logistics, Mahindra Ocean Blue Marine and Mahindra...
Affinity Loscam IPO gathers speed
Affinity Equity Partners Australian investee Loscam, a pallet supplier, has reportedly appointed Credit Suisse and Deutsche Bank as advisors for its planned ASX IPO, which could reach up to A$800 million ($720 million).
JAL still undecided
Japan Airlines has apparently not rejected any option out of the proposed business alliances offered by Delta Airlines and an American Airlines/TPG Capital consortium.
RHJ sold partial stake in Japanese auto play U-Shin
RHJ International, the Belgium-based holding company operated by US buyout firm Ripplewood Holdings, has sold about half of its 20% stake in U-Shin, Ltd., a Japanese manufacturer of electrical auto components, for ¥1.9 billion ($20.85 million).
WI Harper leads Jiangsu glass fiber round
WI Harper Group has led the first institutional round of investment into Jiangsu Chuangzhou CTC Technical Fabrics, a PRC glass fiber manufacturer, for an undisclosed amount.
Apollo Asia invests $1 million in Sakthi Sugars Ltd
Apollo Asia Opportunity will buy $1 million of shares, or less than 1%, of Sakthi Sugars Ltd., a South India-based sugar maker engaged in the manufacturing of sugar and industrial alcohol, as well as power generation and soybean products.
Darby Overseas invests $33.5 million in PECH
Darby Overseas Investments, the private equity and mezzanine arm of Franklin Templeton Investments, has provided a $ $33.5 million senior secured convertible loan to PECH Holdings, a PRC alternator maker.