Sectors
Japan's Takeda buys Singapore biopharma start-up
PE-backed Singapore biopharmaceutical start-up Inviragen is to be acquired by Japan's Takeda Pharmaceutical for $250 million.
Fairbridge raises $34m through Thomas Cook India offering
Fairbridge Capital, a subsidiary of Canada's Fairfax Financial Holdings, has reduced its stake in Thomas Cook India from 87.1% down to 75% via an institutional placement program (IPP), which closed on May 8.
KKR, CDH in 2.9x partial exit from China Modern Diary
China Mengniu Dairy, the country’s largest dairy producer, plans to buy 26.9% of China Modern Dairy for HK$3.18 billion ($410 million). The transaction facilitates the partial exit of KKR and CDH Investments, generating a 2.9x gross return.
Denham Capital invests $75m to join Australian wind power JV
US private equity firm Denham Capital will invest $75 million in a 1 gigawatt portfolio of Australian wind power projects. The projects are currently being developed by Enersis Australia, National Power and Kato Capital. Denham will join them to create...
Saban Capital plans to triple Asia portfolio
Saban Capital is looking to triple its investments in Asia over the next two years with a focus on the media and communications space.
Temasek-invested US drug developer targets IPO
Portola Pharmaceuticals, a US-based drug developer whose largest shareholder is Temasek Holdings, plans to raise $127 million through a NASDAQ IPO. The other backers include MPM Capital, Prospect Venture Partners, Brookside Capital, Sutter Hill Ventures,...
Baidu buys VC-backed PPS' online video platform
Baidu has agreed to pay $370 million for PPS’ online video business, creating an exit opportunity for the company’s venture capital backers. Ceyuan Ventures, Qiming Venture Partners and Vision Knight Capital have invested in PPStream in the last seven...
Accion backs Asian financial services start-ups
Non-profit microfinance pioneer Accion will provide funding to three Asian start-ups through its $10 million seed initiative, Venture Lab. Singapore-based Coda Payments, Demyst Data and Indian education access provider Varthana are among the five businesses...
NSL Renewable raises $90 million
With $90 million in funding raised over the last week, NSL Renewable Power (NRPPL) is looking to leverage the falling costs of producing power from renewable sources. It currently has 185 megawatts of installed capacity across wind, solar, bio-mass and...
Portfolio: Bain Capital and Domino's Pizza Japan
The US consumer cred of Domino’s Pizza means little in Japan where consumer tastes and cultural norms are very different to the West. Bain Capital took an innovative approach to cornering a competitive sector
CNEI exits Liyuan despite metals price slump
Dragged down by gold prices, commodities of all flavors have seen sharp declines in the past month. But this did not derail China New Enterprise Investment’s (CNEI) full exit from Shenzhen-listed Jilin LiyuanAluminum. The private equity firm secured a...
Singapore's GIC backs BMC Software take-private
Government of Singapore Investment Corporation (GIC) is participating in the $6.9 billion take-private of US enterprise software provider BMC Software, led by Bain Capital and Golden Gate Capital. It is the third-largest global PE deal announced so far...
Guinness Peat exits Australia's Ridley Corp to PE buyer
Guinness Peat Group (GPG), an investment holding company with interests in Europe and Australia, has sold its 19.5% stake in Australian animal feed company Ridley Corp to a PE firm for A$54 million ($55 million).
TPG launches sale for China's UniTrust
TPG Capital will begin the sales process for Shanghai-based finance and leasing company UniTrust this week. The deal is expected to be worth $800 million, with significant interest coming from other players in the leasing industry.
Goldman invests $110m in Indian cable distributor
Goldman Sachs has invested INR6 billion ($110 million) in DEN Networks, an Indian cable distribution company. According to AVCJ Research, it is the fifth-largest PE investment completed in India so far this year.
CLSA Capital Partners to invest $10m in Indian agri company
CLSA Capital Partners will acquire a 19.6% stake in Camson Bio Technologies, an agricultural biotechnology company, for INR539 million ($10 million).
Quadrant-backed Summerset eyes Australia listing
Summerset, a New Zealand care home operator backed by Quadrant Private Equity, is seeking to list on the Australian Securities Exchange in response to increased interest from local investors.
Qatar sovereign fund buys $1.2b stake in Bharti Airtel
The Qatar Foundation Endowment will buy a 5% stake in Bharti Airtel for INR67.9 billion ($1.26 billion). It will purchase 199.8 million new shares issued by the India-based telecommunications provider at INR340 apiece.
Leopard exits Cambodia's Kulara Water
Leopard Capital has exited its entire investment in Cambodia's Kulara Water to the company's founding shareholder. Details of the transaction were not disclosed.
Baring Asia-owned Nord Anglia completes WCL bolt-on
Nord Anglia Education, an international schools operator owned by Baring Private Equity Asia, has completed the bolt-on acquisition of WCL Group for $222 million. The deal strengthens Nord Anglia’s presence in North America and the Middle East, taking...
Infinity Group invests in China COFCO project
Infinity Group, the Israel-based private equity firm created by China Development Bank and Israeli conglomerate IDB Group, plans to invest up to RMB10 billion ($1.62 billion) in the Beijing Eco-Valley project created by food industry giant COFCO Group....
BootstrapLabs, MAD incubator launch SE Asia start-up accelerator
Malaysia-based MAD incubator has partnered with Silicon Valley-based BootstrapLabs to create a Southeast Asia-focused start-up accelerator.
OneVentures leads $1.1m round for Australia mobile video spin-out
Australian venture capital group One Ventures has led a A$1.1 million ($1.1 million) round of seed investment in Incoming, a mobile video start-up spun out of NICTA, a government-funded information and communications technology research company.
Mercury takes 30% stake in Australia's Novotech
Mercury Capital has taken a 30% stake in Novotech, Australia's largest independent clinical trials provider, with a view to aiding its Asia-Pacific expansion. The amount invested was not disclosed.