Sectors
SBI in Series B round for Australia’s Panviva
A joint venture fund run by Japan's SBI Group and US-based Jefferies Group will provide A$4 million ($4.2 million) in Series B funding to Australian business software provider Panviva.
Kuwait-based Asiya launches Hong Kong operation
Kuwait’s Asiya Investments has opened a Hong Kong office, only its third service center globally, in response to rising demand from Arab investors for exposure to Asia.
Sycamore proceeds on Billabong buyout with knockdown $300m offer
A consortium supported by US-based Sycamore Partners will enter exclusive negotiations to buy Australian surfwear company Billabong, but any deal will be priced at a substantial discount to the original offer tabled last December.
KKR to pay $500m for Warburg Alliance Tire stake – report
KKR has reportedly agreed to pay about $500 million for Warburg Pincus’ stake in Indian tire manufacturer Alliance Tire Group.
India’s Tata Consultancy Services buys PE-owned French IT firm
Two French private equity firms have exited IT services provider Alti to Tata Consultancy Services (TCS) for EUR75 million ($98 million) in cash as the Indian business outsourcing company seeks to broaden its footprint in Europe.
Strained relations: Foreign PE and financial services
Global buyout firms have seen less deal flow in South Korea in recent years, with financial services sector activity a shadow of its former self. This doesn’t necessarily mean they are unwelcome
Unitas sees 3x return on Australia auto parts turnaround
Unitas Capital has secured a 3.3x return on its investment in Australian car parts supplier Exego, after selling the business to US-based Genuine Parts in two tranches worth a combined $950 million, including debt. The private equity firm was unable to...
CBC provides Series C round for China’s Miaozhen
China Broadband Capital (CBC) has led a Series C round of funding worth $10 million for Chinese big data specialist Miaozhen Systems.
3SBio shareholder opposes CITIC PE-backed take-private
One of the largest shareholders of Chinese biotechnology firm 3SBio plans to oppose a take-private bid tabled by CEO Jing Lou and CITIC Private Equity that values the company at $340 million.
CDIB Capital backs duty-free operator Flemingo International
CDIB Capital has invested $19.9 million in Dubai-based travel retail operator Flemingo International.
India’s Satin Creditcare raises new VC funding, Lok Capital exits
Satin Creditcare Network, a New Delhi-based microfinance institution (MFI) has raised INR410 million ($7.49 million) from three venture capital firms’ three funds. The transaction facilitates the exit of Lok Capital, an early investor in the company.
Saratoga-owned Mandala Air eyes expansion
Saratoga Capital-owned Mandala Airlines plans to quadruple the size of its fleet by 2014 in order to boost its share of a rapidly expanding Indonesian aviation market, driven by the country’s emerging middle class.
Temasek sets up dedicated LNG investment unit
Temasek Holdings has set up an investment unit dedicated to liquefied natural gas (LNG) assets. The move comes as the Singaporean sovereign wealth fund seeks to increase its energy exposure – as also evidenced through recent PE investments – in recognition...
Indix raises $4.5m from Nexus, Avalon
Nexus Venture Partners and Avalon Ventures have jointly committed $4.5 million to Indian data and analytics start-up Indix.
Malaysia plans $500m global halal fund
Malaysia-based specialist private equity firm Azka Capital will manage a MYR1.55 billion ($503 million) fund focused on global opportunities in the halal industry. It is expected to acquire companies in the food and agri-business sector and reorient them...
Indiareit makes two investments, plans new fund
Indiareit Fund Advisors, the real estate PE arm backed by Indian entrepreneur Ajay Piramal, has invested INR2 billion ($37 million) in real estate projects and is reportedly set to launch a $300 million offshore fund next month.
Hassad backs India's Bush Foods, Standard Chartered exits
Hassad Food, a unit of Qatar Investment Authority (QIA), has acquired a majority interest in India-based basmati rice producer Bush Foods Overseas. The transaction facilitates the exit of Standard Chartered Private Equity (SCPE), which invested INR1.1...
India’s Just Dial wins IPO approval
Indian search engine Just Dial has won approval for its IPO, putting VC backers Sequoia Capital, SAIF Partners and Tiger Global on course for a partial exit.
Polaris acquires Japanese salon operator
Polaris Capital has acquired a majority stake in Japanese salon and sports club operator Socie World for a reported JPY3 billion ($32 million). The capital came from the private equity firm’s third vehicle, which has so far raised JPY36 billion, just...
NVP pumps another $8m into Pepperfry
Norwest Venture Partners (NVP) has led a second round of funding for Mumbai-based online lifestyle store Pepperfry.com, putting in $8 million.
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.