Sectors
India's Zephyr Peacock buys 25% of pre-fab buildings maker
Zephyr Peacock India has bought a 25% stake in Pennar Engineered Building Systems (PEBS) for INR500 million ($9.19 million).
eBay leads $50m round in India's Snapdeal - report
Online e-commerce giant eBay has led a Series C round of funding worth a reported $50 million for New Dehi-based online marketplace Snapdeal.
Phoenix Capital exits Japan's TEAC to Gibson Guitar
Phoenix Capital has agreed to sell its entire holding in Japanese-listed audio equipment manufacturer TEAC to Gibson Guitar for 4.88 billion yen ($51.9 million).
Billabong halts trading, PE firms said to cut buyout offer
Billabong International halted trading Tuesday amid reports that the two private equity consortiums bidding for the embattled Australian surfwear company would lower their bids.
CITIC PE agrees carve-out of TNT's China road business
CITIC Private Equity has agreed to buy TNT Express’ China road operations for an undisclosed sum. It is one of several divestments expected from the Netherlands-based logistics provider, which is seeking to cut costs and refocus on its core European market...
TA, Updata to invest in Australian software specialist Nintex
TA Associates and technology-focused GP Updata Partners plan to make a significant investment in Nintex Group, an Australia-based software provider. The private equity firms will support Nintex in its global growth initiatives, including organic expansion...
TPG completes take-private of China's ShangPharma
TPG Capital has completed a management buyout of ShangPharma Corporation that values the Chinese pharmaceutical and biotech research outsourcing firm at $173 million. It is the sixth private equity-backed privatization of a US-listed Chinese company to...
China Development Financial Holding plans PE fund - report
Taiwan-based China Development Financial Holding (CDFH) is said to be planning a private equity fund that will invest in unlisted companies in local creative industries. This is line with a strategy to strengthen its asset management business while reducing...
CBC joins Series C round for Pluribus Networks
China Broadband Capital (CBC) has contributed to a Series C round of funding for Pluribus Networks. The capital will be used to help the network virtualization equipment maker to bring its technologies to the Chinese market.
Navis acquires stake in Malaysian IT firm Strateq
Navis Capital Partners has bought a 54.8% stake in Malaysian IT firm Strateq from Kencana Capital. Sources familiar with the situation told AVCJ the deal was valued at MYR35-50 million ($11-16 million), or around 6x forward EBITDA.
Australia VC: New faces
A new generation of VC firms is emerging in Australia, despite little appetite for the asset class from domestic LPs. Success hinges on leveraging Silicon Valley networks and targeting particular market niches
On rocky ground: PE's Mongolia risk factor
Rich in mining resources, Mongolia has a bright economic future, but vulnerability to commodity price shocks and an uncertain political climate have made many investors wary of taking the risk
Mekong trims Mobile World stake, looks to IPO
Is Mobile World the next Masan Consumer Corp? The as yet unnamed private equity firm that picked up part of Mekong Capital’s stake in the Vietnamese mobile phone retailer is certainly hoping so.
Leopard backs cross-border kenaf play
When kenaf, an Asian plant known for its short growing cycle, high protein content and strong fibers, was put to practical use, the locals made ropes. Today, its applications are expanding to encompass a wide variety of industries.
CVC, RBS complete Samsonite exit
CVC Capital Partners and Royal Bank of Scotland (RBS) have completed their exit from Hong Kong-listed Samsonite International through a $528 million share sale. The two investors previously made several partial exits from the luggage company since taking...
Standard Chartered exits Shangri-La Malaysia stake to Robert Kuok
Standard Chartered Private Equity (SCPE) has sold its 22.2% stake in Shangri-La Hotels Malaysia to Robert Kuok, allowing the Malaysia tycoon to increase his holding in the company to nearly 75%.
AMP Capital increases stake in Australia Pacific Airports
AMP Capital has increased its stake in Australia Pacific Airports Corporation (APAC) to 43% after exercising its preemptive rights to acquire an additional 3.5%.
Baring PE Asia abandons Ambow Education take-private
Baring Private Equity Asia (BPEA) has abandoned its $108 million take-private bid for Chinese education provider Ambow Education Holding, citing the resignation of four of the New York-listed company’s independent directors and its auditors in the 10...
Qiming, KPCB lead $21.3m Series C investment in Origene
Qiming Venture Partners and KPCB China have led $21.3 million of Series C funding in OriGene Technologies, a biotech company based in the US and China.
FountainVest wins approval for China jewelry take-private
A consortium comprising FountainVest Partners and the chairman and CEO of NASDAQ-listed jeweler LJ International has won board approval to take the company private in a deal worth about $64 million. It is the seventh PE-backed privatization of US-listed...
TNF Ventures leads $560k investment in start-up Tribehired
TNF Ventures has led a S$696,000 ($560,000) seed funding round in social recruitment site Tribehired.
Carlyle exits Japan's Broadleaf through IPO
The Carlyle Group has exited its majority stake in Japanese software company Broadleaf though an IPO on the Tokyo Stock Exchange.
New Jersey commits $500m to Blackstone's debut Asia real estate fund
New Jersey Division of Investment plans to commit $500 million to The Blackstone Group’s debut Asia real estate fund. The vehicle’s existence was confirmed last December when Tony James, Blackstone’s president, told a conference that it was a “golden...
Billabong says buyout talks continue, despite share slump
Embattled Australian surfwear manufacturer Billabong International has said that talks continue with two prospective buyers, seeking to reassure the market after the company’s stock price plunged to a record low on Thursday.