Sectors
Cerberus to boost stake in Japan's Seibu
Cerberus Capital Management wants to raise its stake in Japanese railways and property group Seibu Holdings by around 4% as the company plans to re-list.
Fung Capital to invest in JV with India’s Future Group
Fung Capital, the private equity arm of the family owners of Li & Fung Group, will invest in a wholesale joint venture with India’s Future Group. Fung Capital is expected to hold at least a 26% stake in the venture with Kishore Biyani and his family,...
Hony supports $505m take-private of Simcere Pharmaceutical
Hony Capital is backing a $505 million management buyout of Chinese drug developer Simcere Pharmaceutical Group. It takes the number of take-private deals involving US-listed Chinese companies to 13, according to AVCJ Research.
CVC-backed Matahari launches $1.3b offering
CVC Capital Partners and its local partner are seeking up to $1.36 billion through a partial exit from Indonesian retailer Matahari Department Store. The deal values Matahari at $3.4 billion, which means the private equity firm stands to make a substantial...
India's Future Generali Life Insurance sells 22.5% stake to IITL
Industrial Investment Trust (IITL) will acquire a 22.5% stake in the life insurance unit of India's Pantaloon Retail, Future Generali India Life Insurance (FGLI).
PE-backed Bharti Infratel to sell 25% of satellite TV unit - report
Bharti Infratel, an Indian telecom infrastructure provider backed by a consortium of private equity firms, is to sell 25% of its satellite television unit.
TPG buys Australian poultry producer Inghams
TPG Capital overcame several rival private equity and strategic bidders to acquire Australian poultry firm Inghams Enterprises. The family-owned company didn’t confirm the financial details, although it has been reported that the deal valued Inghams...
Blackstone, TPG among bidders for Australia's Inghams - report
The Blackstone Group and TPG Capital have reportedly placed separate bids for Inghams Chicken, Australia's largest poultry producer.
CX Partners to close India Transaction Solutions deal - update
CX Partners is near to closing its acquisition of a 75% stake in the Indian ATM unit of Australia's Transaction Solutions International (TSI) for $22 million.
TPG, Northstar approached for BTPN stake - report
Japanese banks Mitsubishi UFJ, Mizuho and Sumitomo Mitsui are said to be among potential suitors approaching TPG and Northstar Pacific Partners with a view to acquiring their stake in Indonesia's Bank Tabungan Pensiunan Nasional (BTPN). The PE firms'...
Australasian mid-market sees strong deal flow – AVCJ Forum
Private equity investors see considerable upside in Australia and New Zealand’s lower and mid-market despite fewer large deals than before the global financial crisis. This usually involves taking cash-strapped family-run businesses and improving processes...
MGPA acquires Shanghai office building
MGPA has acquired J-Tower, a newly completed Grade A office building in Shanghai's Jiading district for RMB263.5 million ($42 million).
Anacacia set for 5x return on Home Appliances investment
Anacacia Capital has agreed to sell its controlling stake in Australian cooking products supplier Home Appliances to McPherson’s for A$22 million. The private equity firm is expected to secure a 5x money multiple and an IRR of more than 90% once the...
Mitsubishi unit seeks $750m for shipping PE fund
MC Asset Management Holdings, a unit of Japanese conglomerate Mitsubishi, is seeking to raise a $750 million fund that will take advantage of depressed prices in the shipping industry.
WestBridge exits India's Interactive Avenues to IPG Mediabrands
WestBridge Capital has exited its investment in India Interactive Avenues, a digital marketing company, to New York media firm IPG Mediabrands for an undisclosed amount.
Fidelity Growth Japan leads Metaps series B round
Fidelity Growth Partners Japan has led a JPY1 billion ($10 million) Series B round of investment in Metaps, a Tokyo-based mobile software developer. Existing investors have also taken part in the round.
Vogo-backed Tong Yang Life eyes ING South Korea unit
Vogo Capital-backed Tong Yang Life Insurance is considering purchasing ING Group's South Korean insurance unit.
WestBridge renews commitment to Pathlabs
WestBridge Capital'S involvement with India's Dr. Lal Pathlabs goes back to 2005, when the private equity firm invested around $10 million through its debut vehicle, WestBridge Venture Fund I.
AID Partners makes bet on HMV
The rise of services like iTunes and Spotify are enough to make any record store business shudder. Factor in the proliferation of file-sharing services and online piracy, and it is inevitable former giants like the UK's HMV seem to be going the way of...
Portfolio: Navis Capital and Malaysia's Alliance Cosmetics
Alliance Cosmetics was already the dominant force in Malaysian make-up market when it was acquired by Navis Capital Partners in 2010. The next step was to use this experience to break into Indonesia
Indian government stays firm on its e-commerce FDI ban
The Indian government has said it will not revise its current ban on foreign direct investment (FDI) in India's e-commerce sector.
Brookfield among suitors for CapitaLand's Australand - report
Canadian private equity firm Brookfield Asset Management is said to be among several investors targeting real estate developer Australand Property Group.
India's Grameen Koota raises $9.6m from VCs
Indian's Grameen Financial Serivces (GFS), also known as Grameen Koota, has raised INR532 million ($9.6 million) from Creation Investments, Incofin Investment Management and MicroVentures in its third round of funding.
KPCB, IDG-Accel invest $10m in China's EntreMed
KPCB China and IDG-Accel China have agreed to invest $10.7 million in EntreMed, a clinical-stage pharma company that develops drugs in the US and China for global release.