Sectors
Warburg Pincus, Baosteel in $488m industrial gases deal
Warburg Pincus and a subsidiary of Chinese steel producer Shanghai Baosteel Group have agreed to buy industrial gas assets from Henan Jinkai Chemical Investment Holding for RMB3 billion ($488 million).
Oil angle: PE finds a route in Asia
The continued growth of the Asian economies means increased demand for energy. Major Asian countries and corporations are rising to the challenge and paying top dollar for almost every oil and gas interest they can lay their hands on – not to mention...
China infrastructure: Fringe benefits
Plans to open up Chinese infrastructure projects to the private participation are encouraging but not life-changing for PE investors who are already accustomed to operating in and around the state apparatus
Q&A: Blackstone's Angelo Acconcia
The Blackstone Group has entered Southeast Asia's oil and gas space with an $800 million commitment to Tamarind Energy. Angelo Acconcia, managing director at Blackstone Energy Partners, explains the rationale
CITIC PE scraps plans for Biosensors takeover
CITIC Private Equity has abandoned plans for a takeover of Singapore-listed Biosensors International, although it will remain an active investor in the medical device manufacturer.
Advantage acquires Japan kitchenware provider
Japanese mid-market GP Advantage Partners has acquired FMI Corp, an Osaka-based provider of kitchenware products and services.
Shenzhen Oriental Fortune backs ZBB Energy JV
Shenzhen Oriental Fortune Capital has acquired an 8% stake in a Chinese joint venture set up by US-based ZBB Energy, which manufactures advanced energy storage and control platforms, for RMB$20 million ($3.24 million).
KKR enters Australia real estate market
KKR and Australia Securities Exchange-listed Abacus Property Group have together agreed to buy a majority stake in three office towers that form part of Melbourne’s World Trade Centre (WTC) for A$120.4 million ($112.3 million).
Partners Group buys China-focused elevator components maker
Partners Group has agreed to buy a controlling stake in Suzhou Savera Elevator Riding System, a Spanish elevator components manufacturer that now draws most of its business from China, for an enterprise valuation of more than $450 million.
Armstrong commits $29m to Philippines solar project
Armstrong Asset Management and Singapore solar project developer Nv vogt have committed $29 million to the development of a pipeline of solar projects in the Philippines.
ZhenFund, Cloud Angel Fund back China Gllue
ZhenFund and Cloud Angel Fund have provided an angel round of funding for Gllue Software, a Chinese software developer.
China parenting site raises $24m from IDG, Banyan
Banyan Capital and IDG Capital Partners have invested RMB 150 million ($24 million) in BeiBei, a Chinese online discount retail platform for maternity and baby products.
Centurion PE leads $6.5m round for Hong Kong's GoGoVan
Centurion Private Equity has led a $6.5 million Series A round investment in Hong Kong-based GoGoVan, a mobile app for on-demand delivery services.
Samsung Electronics to acquire VC-backed SmartThings
Korean tech giant Samsung Electronics has agreed to buy US-based SmartThings, a VC-backed platform that connects everyday items to the internet.
Fosun takes 20% stake in insurer Ironshore
Fosun International plans to acquire a 20% stake in Ironshore for $464 million, becoming the property and casualty insurer's largest shareholder.
China’s AVIC confirms talks to buy PE-backed Avolon
AVIC Capital, a subsidiary of aircraft manufacturer Aviation Industry Corporation of China, has confirmed it is in talks to buy Avolon, an aircraft leasing company owned by Oak Hill Capital, CVC Capital Partners and Cinven.
Fosun, Ardian withdraw Club Med bid
Chinese conglomerate Fosun International and Ardian Private Equity have withdrawn their takeover bid for French-based vacation resorts operator Club Méditerranée (Club Med).
MBK agrees $243m sale of Korea's Techpack Solutions
MBK Partners has agreed to sell bottle manufacturer Techpack Solutions to Dongwon Systems Corp, the industrial materials division of domestic conglomerate Dongwon Group, for KRW250 billion ($245 million).
Goodpack shareholders back KKR buyout
Shareholders of Singapore-listed Goodpack, the world largest maker of intermediate bulk containers (IBCs), have approved a S$1.4 billion ($1.1 billion) take-private offer made by KKR.
Fosun VC, CDH commit $16m to China travel site
Fosun Venture Capital Investment and return backer CDH Venture have invested in a RMB100 million ($16 million) Series B round of funding for Lailaihui, a Chinese online travel operator.
Singapore's GIC backs Brazilian education provider
Singapore sovereign wealth fund GIC Private has acquired an 18.5% stake in Brazilian education company Abril Educação.
TPG buys control of Sri Lankan bank
TPG Capital has agreed to invest approximately $117 million in Union Bank of Colombo (UBC) in what will be Sri Lanka’s largest-ever private equity buyout as well as one of the biggest foreign direct investments in the country in recent years.
Indonesia’s Telkom to invest $200m in tech start-ups
Telkom, the biggest information and communication operator in Indonesia, plans to invest $200 million in technology start-ups.
Samara acquires 45% stake in Iron Mountain's India arm
Samara Capital has acquired a 45% stake in the Indian arm of US data storage firm Iron Mountain for an undisclosed amount.