Sectors
KKR, Bain to enter final bidding for Panasonic healthcare unit - report
KKR, Toshiba Corp. and a consortium including Bain Capital, Mitsui & Co. and Development Bank of Japan are expected to participate in the final round of bidding for Panasonic’s healthcare unit.
Quadrant takes majority stake in Australian pet food supplier
Quadrant Private Equity has bought a majority stake in Australian pet food retailer City Farmers for A$93 million ($84 million).
China mobile gaming payment firm secures Series B round
Bertelsmann Asia Investment (BAI) has participated in a Series B round of funding for Mo9, a Chinese online game and virtual products credit payment service provider, which also counts Sequoia Capital among its investors. The size of the round was not...
Australia's Catalyst exits EziBuy to Woolworths for $274m
Catalyst Investment Managers has exited Australia and New Zealand apparel and homeware retailer EziBuy to Woolworths for NZ$350 million ($274 million). The PE firm bought a 43% stake in EziBuy six years ago for an enterprise valuation of NZ$200 million,...
Future Ventures in talks to sell Indian apparel stake to GA – report
Future Ventures India is reportedly in talks with General Atlantic to sell its minority stake in apparel maker AND Designs India for around INR1.5 billion ($23 million)
China-focused BVCF leads $25m round for MicuRx Pharma
BVCF, a China-focused private equity growth fund specializing in life sciences, has a led a $25 million Series B round for MicuRX Paharmaceuticals, a biopaharma firm developing next generation antibiotics. The round also includes existing backers Morningside...
VC-backed Montage Technology targets $115m US IPO
Montage Technology Group, a China-based semiconductor manufacturer backed by AsiaVest Partners and Intel Capital, is seeking to raise up to $115 million through a NASDAQ IPO. It is set to become only the second PE-invested Chinese company to go public...
Longreach completes precision drilling carve-out from Hitachi
North Asia mid-market buyout firm The Longreach Group has agreed to buy precision drilling business Hitachi Via Mechanics (HVM) from Japanese conglomerate Hitachi. It is said to be the first time Hitachi has divested a sizable asset to private equity...
GIC to acquire Blackstone stake in UK office complex - report
The Blackstone Group will reportedly sell its stake in London’s Broadgate complex to GIC Private for more than GBP1.7 billion pounds ($2.7 billion) in one of Europe’s largest office deals.
Jungle Ventures, Spring Seeds invest in Singapore’s Taggo
Taggo, a marketing start-up that helps retailers turn their Facebook pages into loyalty programs, has raised Series A funding led by Jungle Ventures and Spring Seeds Capital, the investment arm of the Singapore government’s Spring agency.
Nippon Venture Capital invests $1.7m in internet start-up Volare
Nippon Venture Capital has invested JPY170 million ($1.7 million) in Japanese web solutions start-up Volare.
Media investor Bruno Wu to raise $500m PE fund
Chinese media entrepreneur Bruno Wu plans to raise a $500 million media-focused private equity fund. The vehicle will invest in small to medium-sized internet, digital media and e-commerce companies.
Phillip Capital takes stake in Indonesian equipment finance business
Singapore-based Phillip Capital Group has acquired a 9.71% stake in Intan Baruprana Finance (IBF), the financing arm of Indonesian heavy equipment distributor Intraco Penta, through a rights issue. Transaction value was not disclosed.
Baring Asia to invest in PE-backed Hexaware - report
Baring Private Equity Asia (BAPE) is said to be in talks to back Hexaware Technologies, with a view to taking a majority stake in the Indian software company.
Aavishkaar backs Indian ATM outsourcing company EPS
Indian VC firm Aavishkaar has invested another $6 million in Electronic Payments and Services (EPS), after putting $4 million in the company last year.
Cathay Capital invests $20m in China cold chain company
Cathay Capital Private Equity has agreed to invest RMB120 million ($19.6 million) in Chinese refrigerated transport company Shanghai Zhengming Modern Logistics (ZM Logistics). The size of the stake was not disclosed.
Profile: 500 Startups' Dave McClure
A Silicon Valley veteran of nearly 25 years standing, 500 Startups founder Dave McClure has worked for PayPal and sold a software firm to Intel. Now he is bringing his own brand of angel investing to Asia
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).