Sectors
SAIF-backed Indian retail platform HomeShop18 files for US IPO
HomeShop18, an Indian television shopping network and online market place backed by SAIF Partners and OCP Asia, has filed to go public on the New York Stock Exchange.
Morgan Stanley PE Asia agrees two China take-privates
Two privatizations US-listed Chinese companies backed by Morgan Stanley Private Equity Asia (MSPEA) have won board approval. Noah Education Holdings and Sino Gas International Holdings are now a shareholder vote away from de-listing.
Tata Opportunities Fund commits $50m to Varroc Engineering
Tata Opportunities Fund has invested INR3 billion ($30 million) in Varroc Engineering, an Indian auto component manufacturer owned by Varroc Group.
Standard Chartered backs Australia-listed manganese miner
Standard Chartered Principal Finance has provided a $50 million debt financing package for OM Holdings (OMH), an Australian Securities Exchange-listed mining company, and several of its affiliates.
MSPEA makes another partial exit from Sihuan Pharma
Morgan Stanley Private Equity Asia (MSPEA) has made another partial exit from Hong Kong-listed Sihuan Pharmaceuticals, generating up to HK$1.12 billion ($145 million) through a block trade.
Intel Capital plans $100m China smart device fund
Intel Capital, the venture capital unit of chipmaker Intel, has launched a $100 million China fund to help accelerate the growth of smart devices.
CDC invests $28m in India's Ratnakar Bank
CDC Group has paid $28 million for a 4.8% stake in India’s Ratnakar Bank, which specializes in lending to small businesses. The bank has been seeking to raise around $60 million ahead of an IPO.
Kingsoft commits $90m to VC-backed file-sharing service Xunlei
Chinese software developer Kingsoft Corporation will invest $90 million in Xunlei, a file-sharing service backed by a string of VC firms including Morningside Technologies, IDG Ventures and Ceyuan Ventures.
China online liquor retailer raises $68m
Jiuxian.com, a Chinese e-commerce site that sells wines and spirits, has raised RMB425 million ($68 million) across two rounds of funding.
IFC to invest $85m in PepsiCo's India bottler
International Finance Corporation (IFC) is investing $85 million in Varun Beverages, the largest South Asian bottler for soft drinks giant PepsiCo.
Chinese PE firm secures local pension fund tie-up
PE firm China Treasury Wharton Capital Management (CTWC) has partnered with China Social Welfare Foundation (CSWF), a government-backed public fund system, to develop an elderly care project.
Everstone invests $16m in India fashion house
Everstone Capital has invested INR1 billion ($16.6 million) in Indian fashion label RituKumar in return for an undisclosed minority stake.
Hopu supports $1.5b Noble Agri deal, reaches first close on Fund II
A consortium led by Hopu Investments will take a minority position in an agribusiness joint venture being set up by Chinese agricultural conglomerate COFCO Corporation and Noble Group, an agriculture and energy supply chain manager.
KKR, Affinity complete Oriental Brewery exit
KKR and Affinity Equity Partners have completed their exit of Korea's Oriental Brewery (OB) to previous owner Anheuser-Busch InBev (AB InBev) for $5.8 billion.
Wolseley's Blue Star targets Australia printing consolidation
Blue Star Group, an Australian printing and communications specialist owned by Wolseley Private Equity, has agreed to merge with Independent Print Media Group (IPMG) to form the country’s largest printing company.
ChrysCapital in cross-border IT play
LiquidHub might be described as characteristic of all ChrysCapital’s investments in the IT segment, yet at the same time the US and India-based digital consultancy represents the complete reverse of any other deal the PE firm has done.
LanzaTech forms Asian alliance
LanzaTech is a classic example of how a disruptive technology can attract investors from different geographies. Originally from New Zealand, the company has developed a technology for converting carbon dioxide into fuel and chemical products. This kind...
ClearVue keeps it fresh with Fruitday
“Surprisingly, the price of imported fruit is not necessary always more expensive than local fruit,” observes Harry Hui, managing partner of ClearVue Partners. “The reason is that in developed countries, the agricultural productivity is higher than...
EQT scans I-Med opportunity
When EQT made its first move to acquire Australian radiology provider I-Med, the first challenge was to build trust with the company’s management. The business had already been through a number of financial investors’ hands and it had not been an...
India film funding: Bollywood bets
The rapid growth of India’s movie industry is drawing in private equity investors looking for exposure all along the value chain. Those unable to stomach the risk will aim for distribution rather than production
Singapore VC: Silicon dreams
Buoyed by government support and increasing private sector interest, Singapore has created a legion of tech start-ups that now require further investment. Can it become Southeast Asia’s answer to Silicon Valley?
KKR completes Panasonic Healthcare deal, eyes bolt-ons
KKR has completed the acquisition of an 80% stake in Panasonic Healthcare, its biggest buyout in Japan to date. According to a source familiar with the situation, operations unit KKR Capstone is already working with the company and a number of bolt-on...
A Capital targets $1.38b for Sino-European tech fund
Sino-European PE firm A Capital has launched a EUR1 billion ($1.38 billion) technology fund to invest in European innovative firms. It will help them expand into emerging markets, in particular China.
Wolfensohn part exits India's Repco
Wolfensohn Capital has made a partial exit from India Repco Home Finance, a little over a year after it first invested in the company.