Sectors
Banks put up $7b for PE-backed Shuanghui's Smithfield deal – report
Bank of China and Morgan Stanley will provide $7 billion in financing for PE-backed Shuanghui International’s buyout of a US pork producer Smithfield Foods. The proposed deal, which values Smithfield at $7.1 billion including debt.
HP to divest India's MphasiS, PE firms eye deal – report
The Carlyle Group, The Blackstone Group, Advent International and Bain Capital are said to be in talks to buy HP’s 60.5% stake in Bangalore-based MphasiS, an IT services exporter. Domestic strategic players L&T Infotech and Tech Mahindra have also been...
CITIC PE completes $370m 3SBio take-private
Chinese biotechnology firm 3SBio will delist from NASDAQ after shareholders voted in favor of a privatization bid from a group led by the company’s CEO and CITIC Private Equity. The deal, which values 3SBio at $370 million, is the eighth successful PE-backed...
Cerberus raises Seibu stake, falls short of target
Cerberus Capital Management has raised its stake in Japan's Seibu Holdings to 35.48%, giving it enough control to block resolutions by management. However, the New York-headquartered firm fell short of its goal of buying 44.7% of the Japanese rail and...
Inventus leads $2m investment in eDreams Edusoft
Inventus Capital Partners and Mumbai Angels have backed Indian education software company eDreams Edusoft with $2 million in a second round of funding.
Warburg sells stake in Havells India
Warburg Pincus has sold an 8.35% stake in electrical products maker Havells India for INR7.2 billion ($129.5 million) on the open market. The private equity firm sold 10.4 million shares at INR700 apiece, below the NR708 price at which the stock had been...
SE Asia VC Ardent gets backing from US, Japan partners
Southeast Asia-focused venture capital firm Ardent has received its first round of external funding from US-based Siemer Ventures and Japanese VCs Recruit Strategic Partners and GMO Venture Partners. Details of the transaction were not disclosed.
Temasek-backed healthcare firm HCG acquires majority stake in BACC
HealthCare Global Enterprises (HCG), an Indian cancer treatment specialist backed by Temasek Holdings, has acquired a majority stake in Bangalore Assisted Conception Centre (BACC), a leading provider of fertility care. Details of the transaction were...
China's Fosun supports Alibaba in logistics build-out
Chinese conglomerate Fosun International will contribute RMB500 million ($81.4 million) for a 10% interest in Alibaba Group’s nationwide logistics project. Known as the China Smart Logistics Network, the project is expected to receive up to RMB100 billion...
PE-backed Chinese horse breeder gets Series B round
China’s largest non-farming horse breeder and horse feedstock trader has received RMB45 million ($7.3 million) from CDF Capital as part of a Series B round of funding. This comes nine months after the company’s RMB120 million Series A round, half of which...
CITIC PE to launch offshore energy fund with Canadian asset manager
CITIC Private Equity has entered into a joint venture with Canadian asset manager Sprott to set up an offshore global resources fund. The vehicle fits in with China’s strategic interest in acquiring overseas energy assets required to sustain economic...
Korea's Access Bio goes public, STIC PE expects 5x return
STIC Private Equity has made a partial exit from Korean biotech firm Access Bio after the company went public on the KOSDAQ exchange. The PE firm sold shares in two tranches – one just before the IPO and one during it – and has generated a money multiple...
IFC, Infuse back Indian energy efficiency startup with $1.5m
The International Finance Corporation has invested $1 million in Ecolibrium Energy, a startup which provides a technology platform to reduce energy usage. Indian Fund for Sustainable Energy Ventures (INFUSE Ventures) will also invest $500,000 in the company....
SingTel Innov8 leads Series C round for TubeMogul
SingTel Innov8, the venture capital arm of Singapore Telecommunications, has led a $10 million Series C round of investment in TubeMogul, a global video marketing platform.
IFC invests $5m in India's NSL Renewables
The International Finance Corporation (IFC) has invested $5 million in Indian energy developer NSL Renewables Power Private Limited (NRPPL) to finance its wind and hydropower projects. NSL has raised a total of $120 million for the current phase of its...
IFC ups stake in Mongolia's TenGer Financial Group
International Finance Corporation (IFC), the investment arm of the World Bank, has increased its stake in Mongolia's TenGer Financial Group (TFG) to 19% for an undisclosed amount.
Warburg Pincus co-president targets emerging markets consumer, tech – AVCJ Forum
Warburg Pincus sees investment potential at the nexus of consumer and technology as it looks to increase its activity in emerging markets. China is set to feature strongly, but so too will India, Brazil, and central and eastern Europe.
Tandem Capital to launch India mobile VC fund
Silicon Valley-based Tandem Capital, which focuses on the mobile sector, is launching an India-focused fund that plans to invest in 20 startups in the country over the next year. Aarin Capital’s Ranjan Pai and T V Mohandas Pai will be partners in the...
Global investors to boost alternatives exposure – survey
Institutional investors expect to increase allocations to alternatives in 2013, with focus on real assets such as infrastructure and property, according to a survey by AMP Capital.
CDH, Goldman-backed Chinese pork producer bids for Smithfield
Shuanghui International, a Chinese pork producer that counts CDH Investments and Goldman Sachs among its investors, has offered $4.7 billion in cash for US-based Smithfield Foods. The proposed deal, which values Smithfield at $7.1 billion including debt,...
PE firms target SingTel's Australian satellite unit
Singapore Telecommunications (SingTel) has put its Australian satellite unit up for sale, seeking at least A$2 billion ($1.9 billion), and a string of private equity firms and strategic investors are said to be chasing the asset.
Carlyle acquires 49% stake in China shopping malls
The Carlyle Group has acquired a 49% stake in two shopping malls in Suzhou and Hangzhou owned and operated by Chinese developer SZITIC Commercial Property (SCP) as part of a strategic partnership.
Nissay, Nippon invest $1m in online translation service
Nissay Capital and Nippon Venture Capital Co. (NVCC) have led a JPY108 million ($1 million) round of investment in Japan's Yaraku, the company behind online cloud translation service WorldJumper. Individual investors are also said to have taken part in...
Warburg Pincus makes debut Vietnam investment
Warburg Pincus has made its first investment in Vietnam, leading a consortium that will pay $200 million for a 20% stake in the retail property platform of Vingroup, the country’s largest private-sector real estate operator.