Sectors
India's education sector: Learning curve
There is no shortage of demand for services or investment opportunity in India’s education sector, but negotiating overcrowding and heavy regulation requires a clear strategy
Creador brews 2x return on OldTown
Malaysia's OldTown White Coffee has unusual origins. The brand came into existence in 1999 as a range of pre-mix instant beverages, offering creamer, coffee and sugar in a single sachet. It was only in 2005 that the company decided to venture into the...
CDIB ends two-year wait for Meilele deal
After two years spent following Meilele, during which several other venture capital firms jumped on board, Taiwan's CDIB Capital has finally invested in the Chinese online furniture retailer. It was a tough fight, with more than 10 bidders in the running...
Chinese IPOs in the US: Green shoots
Online retailer LightInTheBox is seeking to become only the third Chinese company to list in the US in more than a year. But has investor sentiment emerged from its long winter?
CNEI secures 10.3x return on full exit from Liyuan Aluminum
China New Enterprise Investment (CNEI) has completed its exit from Jilin Liyuan Aluminum, one of the country’s leading aluminum extrusion product manufacturers, securing a 10.3x gross return.
India’s NSL Renewable Energy raises $60m round
A group of investors, including International Finance Corporation (IFC) and FE Clean Energy, has committed $60 million to the NSL Renewable Power Private, a subsidiary of NSL Group.
TPG increases stake in Indian bulk container manufacturer
TPG Capital has invested INR1.35 billion ($25 million) in Flexituff International through a subscription to foreign currency convertible bonds (FCCB), one month after buying a 5.34% stake in the company for INR270 million ($5 million)
Quadrant-backed Virtus Health launches IPO
Quadrant Private Equity-owned in-vitro fertilization (IVF) business Virtus Health launched its IPO road show on Monday. It is poised to be the largest equity offering since SCA Property in November last year and the biggest significant private equity-backed...
Armstrong expands team ahead of SE Asia cleantech fund close
Armstrong Asset Management, a Singapore-based investment firm, has appointed Yasushi Ujioka as investment director ahead of a final close on its Southeast Asian cleantech fund.
Abraaj exits Thailand’s Unitrio to Japan’s NTT
The Abraaj Group has exited Thailand-based data center provider Unitrio Technology to NTT Facilities (NTTF), a unit of Japan's Nippon Telegraph and Telephone Corporation (NTT).
Focus Media's PE-backed MBO clears final hurdle
Focus Media will be privatized next month after shareholders voted in favor of a private equity-backed management buyout that values the company at $3.7 billion. It is the largest buyout transaction ever completed in China.
Fosun Pharma, Pramerica-Fosun buy Israel’s Alma Lasers
Shanghai Fosun Pharmaaceutical, a subsidiary of China’s Fosun International, and the Pramerica-Fosun China Opportunity Fund, will be around $240 million to acquire up to 95.6% of Israel-based Alma Lasers.
Japan’s SMBC in talks with TPG to buy Indonesia bank stake – report
Sumitomo Mitsui Banking Corp (SMBC) is said to be in advanced talks to buy 40% of TPG Capital's stake in Indonesia’s Bank Tabungan Pensiunan Nasional (BTPN). The sale would enable the private equity firm to comply with the 40% cap on foreign ownership...
Intel Capital backs South Korean mobile tech maker
Intel Capital, the US chipmaker's corporate VC arm, has invested an undisclosed amount in Zinitix, a South Korean developer of touchscreen controller technology for mobile devices. The funding will help the company expand into other rapidly growing markets...
Fortis, Next Invest exit Belgian ink maker to Japan’s Toyo
Fortis Private Equity and Next Invest have sold their 100% stake in Belgian ink manufacturer, Arets International, to Japan’s Toyo Ink Group for EUR10 million ($13 million).
CITIC, CDH generate 4x return through China auto parts exit
CITIC Capital Partners and CDH Investments Management have exited Chinese auto components manufacturer Nanjing Aotecar to a domestic buyer. According to sources familiar with the transaction, CITIC has secured an approximately 4x money multiple on an...
Partners Group invests in Hong Kong warehouse
Switzerland-based private equity firm Partners Group has invested in a warehouse building in Hong Kong’s Kowloon East for an undisclosed sum. The warehouse is earmarked for conversion into a class A office building.
Fortis healthcare raises $100m from IFC
Indian hospital and diagnostics group Fortis Healthcare is to issue 28.6 million shares to the International Finance Corporation (IFC) for a total of $45 million. Another $55 million will come through a private placement of foreign currency convertible...
Creador sees 2x return, 101% IRR on maiden exit
Creador has made a partial exit from its investment in Malaysian restaurant chain OldTown White Coffee at a 2x money multiple, representing an IRR of 101%.
CITIC, Vector see 3x return on RAE Systems trade sale
CITIC Capital Partners and Vector Capital have exited gas detection equipment manufacturer RAE Systems through a $340 million trade sale to Honeywell. The China-focused GP came in as a co-investor on US-based Vector’s privatization of the company in...
CVC, MBK among final bidders for ING Korea unit - report
CVC Capital Partners and South Korean PE firm MBK are among the last five bidders to begin preliminary due diligence as they consider an offer for at least 51% stake in the Korean unit of Dutch insurance firm ING Groep.
CITIC-backed consortium sweetens deal for China 3SBio take-private
A consortium backed by CITIC Private Equity has raised its offer for the Chinese biotechnology company 3SBio to around $370 million.
SMC Capital closes $5m Series A round in Dalian Senyint
SMC Capital China, the early growth capital platform of veteran investor Simon Murray, has closed RMB30 million ($5 million) Series A investment in Dalian Senyint International Digital Medical System, a hospital IT solutions provider.
Lightspeed, Charles River invest in big data firm Qubole
Qubole, a Bangalore-based big data firm, has raised $7 million in series A funding from Lightspeed Ventures, Charles River Ventures and angel investors Anand Rajaram, the head of WalmartLabs, and Cambrian Ventures founding partner Venky Harinarayan.