Sectors
Taiwan's Fair Trade Commission approves CNS sale
Taiwan’s Fair Trade Commission has approved the acquisition of cable television provider China Network Systems (CNS) by Morgan Stanley Private Equity Asia (MSPEA) and Far EasTone Telecommunications.
Black River backs India's Future Consumer Enterprise
Black River Asset Management, an independently managed alternative investment unit of agribusiness giant Cargill, will invest $45 million in India's Future Consumer Enterprise (FCEL).
Bain agrees to sell stake in Japan's Jupiter Shop
Bain Capital has agreed to sell its entire 50% stake in Japan's Jupiter Shop Channel to Jupiter Communication (J:COM), a company part-owned by Sumitomo Corporation. Bain bought its interest from Sumitomo at a valuation of JPY100 billion (then $1.3 billion)...
Baring Asia to buy Interplex from CVC, Standard Chartered
Baring Private Equity Asia is set to buy Singapore-listed precision engineering business Interplex Holdings after CVC Capital Partners and Standard Chartered Private Equity agreed to tender their combined 57.7% interest in the company.
Three partners to leave India VC firm Helion
Three of the six partners at India-focused VC firm Helion Venture Partners will depart to pursue other opportunities.
PE-backed Dr Lal PathLabs gains on India trading debut
Shares in Indian medical diagnostics service Dr. Lal PathLabs gained more than 50% on debut following the company's INR6.3 billion ($95 million) IPO.
KKR sets up oil and gas services platform
KKR has set up an oil and gas services platform that will handle the engineering, maintenance, repair and overhaul needs of owners and operators.
CHAMP Ventures to buy New Zealand's Macpac
CHAMP Ventures has agreed to take a significant majority stake in Macpac Group, a New Zealand-based outdoor apparel and equipment supplier.
CVC commits growth capital to Indonesia's Softex
CVC Capital Partners has made its fourth investment in Indonesia, taking a minority stake in Softex Indonesia. The size of the investment was not disclosed.
PE-backed Focus Media re-lists in Shenzhen
Focus Media, a Chinese outdoor advertising business taken private in 2013 by the CEO and a consortium of private equity investors, has re-listed in Shenzhen.
CPPIB, Goodman re-up in China logistics partnership
Canada Pension Plan Investment Board (CPPIB) and Goodman Group have committed another $1.25 billion to their China logistics joint venture. The JV will also buy nine projects from Goodman with an end build-out value of more than $650 million.
SIG Asia backs Country Style Cooking take-private
Chinese restaurant chain Country Style Cooking (CSC) has agreed to a take-private led my management and supported by SIG Asia. The deal values the business at approximately $140 million.
Investors agree $9.3b take-private for China's Qihoo 360
A string of domestic insurance companies have come in to support the $9.3 billion buyout of Qihoo 360 Technology, the largest private equity-backed privatization of a US-listed Chinese company.
Blume Ventures in $30m first close on second India fund
Blume Ventures has reached a first close of more than $30 million on its second India early-stage fund. The vehicle has a full target of $60 million.
Fosun forges partnership with China's Modern Sky
Shanghai Joy Network, a media and entertainment investment group owned by Fosun's chairman and founder Guo Guangchang, has committed RMB130 million ($20 million) in Series B funding to Modern Sky Entertainment, a concert and festival event organizer in...
Actor Hugh Jackman invests in L Capital-owned RM Williams
Australian actor Hugh Jackman has invested in bootmaker R.M. Williams, alongside majority shareholder L Capital Asia.
New Forests invests in Indonesia rubber plantation
Agriculture and timberlands investor New Forests has agreed to invest in a large-scale rubber plantation in Indonesia with local strategic partner Sampoerna Agro.
Sohu chairman submits PE-backed take-private offer
NASDAQ-listed Chinese internet company Sohu has received a take-private proposal from its chairman and CEO alongside an unnamed private equity firm.
China cloud-computing provider UnitedStack raises Series C
UnitedStack, which claims to be the first OpenStack-enabled cloud computing provider in China, has received a Series C round of funding of undisclosed size from Sequoia Capital.
China online ticketing sites Weiying Times, Gewara to merge
Chinese movie ticket-booking platforms Beijing Weiying Times Technology and Gewara – both of which have received several rounds of funding from VC and strategic investors – have agreed to merge.
Blackstone invests $170m in India's IBS, General Atlantic exits
The Blackstone Group has acquired a minority stake in India-based IBS Software for $170 million, facilitating an exit for General Atlantic.
IFM agrees sale of Pacific Hydro to China's SPIC
IFM Investors has agreed to sell Australia-headquartered renewable energy platform Pacific Hydro to China’s State Power Investment Corporation (SPIC).
VIG Partners buys Korean PVC window maker
VIG Partners – which recently changed its corporate name from Vogo Investment – has agreed to buy Winche, a South Korea-based manufacturer of PVC windows, for KRW135 billion ($114 million).
TPG sells HCP Packaging to Baring, returns $1.55b to LPs in 2015
TPG Capital has returned $1.55 billion to investors from its Asia portfolio in 2015, including $775 million from the sale of HCP Packaging to Baring Private Equity Asia.