Sectors
CDH, Belle to make Baroque big in China
Secondary direct deals frequently stumble on valuations. Private equity investors are sitting on either side of the table and both are hardwired to get the best possible price; the lingering fear is leaving the table with a deal that is either significantly...
IMM, Mirae forge POSCO steel investment
POSCO Specialty Steel (PSS) CAME into being 1997 when steelmaker POSCO bought most of manufacturing facilities of Sammi Specialty Steel, one of a host of Korean corporates struggling to service its debts in the midst of a credit crisis.
China mobile gaming: Buy your way
China's online gaming companies are trying to extend their dominance to the growing mobile segment. Cash-rich and often publicly listed, the strategy is inorganic expansion, both at home and abroad
Bain exits Domino's Japan, retains slice
The pizza delivery market in Japan is very different from that of the US. Rather than a budget takeout option, pizza is treated as something of a luxury and customers are willing to pay a premium for quality. Japanese tastes differ too. In addition to...
Northstar's Singapore buyout starts a new ERA
Singapore property developers sold 481 new homes in July, about one quarter of the previous month's total. It was the predictable result of real estate cooling measures introduced at the end of June that restrict monthly mortgage payments to no more than...
PE firms bid for Fortis' Quality Healthcare - report
The Carlyle Group, Advent International and Mitsui and Co. are among the 10 bidders for Hong Kong’s Quality Healthcare Medical Services, which is being sold by PE-backed Fortis Healthcare.
AMP Capital exits Australia care home stake to Singapore's G.K. Goh
AMP Capital has agreed to sell a 47.62% stake in Domain Principal Group (DPG), a leading Australian provider of residential aged care services, to Singapore-listed G.K. Goh Holdings (GKGH) for A$136.7 million ($123.6 million).
Advantage to acquire Japan massage salon chain Riraku
Advantage Partners has agreed to buy Japanese massage salon chain Riraku for an undisclosed sum. The mid-market buyout firm is acquiring the business from the founder and CEO and other shareholders.
Blackstone offers $322m for property developer Tysan
The Blackstone Group has offered to buy Hong Kong-listed real estate developer Tysan Holdings for approximately HK$2.5 billion ($322.5 million)
CyberAgent, Gree, GMO invest in Japan's Kaizen platform
CyberAgent Ventures, Gree Ventures and GMO Venture Partners have together invested $800,000 in Kaizen platform, the Japanese start-up behind website service planBCD.
Unitas, CCMP set for 3.5x return as Atlas Copco buys Edwards for $1.6b
Unitas Capital will make up to 3.5x its money on Edwards Group after Sweden’s Atlas Copco agreed to buy the specialist vacuum products developer for approximately $1.6 billion, including debt. Unitas and CCMP Capital have owned the business since 2007...
IDFC-backed Green Infra acquires TVS Energy
IDFC Private Equity-backed Indian independent power producer Green Infra (GIL) will buy a 90.46% stake in TVS Energy for an undisclosed amount.
SingTel ups Bharti Telecom stake for $296m
SingTel has acquired an additional 3.62% in India's Bharti Telecom (BTL), which controls leading mobile carrier Bharti Airtel, from Temasek Holdings.
Fidelity, F&H invest in Chinese video site Mtime
Fidelity Growth Partners Asia and F&H Fund Management, a China and Southeast Asia-focused investor, have provided a new round of funding for Mtime.com, a Chinese movie web portal. Tiger Global is also an investor in the company.
China Zenith Capital invests $16m in Qingdao Happy View Media
China Zenith Capital has committed RMB100 million ($16 million) in Series A funding to Qiangdao Happy View Media, which provides digital services to the hotel and leisure industry. The investment was channeled through its government-backed investment...
Armstrong commits $30m to Thai solar, biogas projects
Southeast Asian cleantech investor Armstrong Asset Management has committed $30 million to solar and biogas projects being developed by Thailand’s Annex Power. The capital will be used to expand the company’s engineering, procurement and construction...
OrbiMed targets $300m for second Asia healthcare fund
Healthcare-focused private equity firm OrbiMed Advisors is targeting $300 million for its second Asia fund. The PE firm raised $188 million for its debut regional vehicle in 2008.
Seven PE firms, strategics bid for Hong Kong's ParknShop – report
Seven private equity and strategic investors have reportedly submitted initial offers for ParknShop, the Hong Kong supermarket chain owned by Hutchison Whampoa. The business, which is ultimately controlled by Li Ka-shing, Asia’s wealthiest individual,...
Japan's Alt Plus buys stake in VC-backed Korean mobile game developer
Japanese mobile game developer Alt Plus, has acquired a 10% stake in Emagine, a Korean mobile game start-up backed by Lead Capital Management and Ant Capital Partners. Financial details of the transaction were not disclosed.
Baidu seals $1.85b 91 Wireless acquisition
Baidu has finalized its acquisition of NetDragon Websoft's 91 Wireless, a Chinese mobile app store and game operator, for $1.85 billion.
Singapore's Temasek exits Cheniere Energy
Temasek Holdings has halved its stake in Cheniere Energy, taking advantage of a spike in the US liquefied natural gas (LNG) company’s shares. The Singapore fund sold 9.2 million shares in the second quarter of 2013 at a valuation of $257 million.
China hydropower firm buys 38% stake in VC-backed web directory
Zhejiang Fuchunjiang, a Chinese-listed hydropower equipment company, plans to buy a 38% stake in 2345.com, a web directory provider, from its majority shareholder Dongsheng Pang for RMB760 million ($124 million).
China's NetEase Capital invests in S-Game Series A round
China’s NetEase Capital has invested in a Series A round of funding for S-Game, a Chinese gaming developer, also known as Beijing Lingyoufang Network Technology. Details of the investment were not disclosed but it reportedly amounts to several million...
Baring Asia to exit Magic Holdings as L'Oreal makes $843m takeover bid
Baring Private Equity Asia is on course to exit Chinese cosmetic facial masks specialist Magic Holdings International after L’Oreal offered to buy the company in a deal worth $843 million. The PE player stands to receive $176 million, having invested...