Sectors
CVC in talks to buy Philippines BPO asset – report
CVC Capital Partners is reportedly in exclusive talks to buy a majority stake in SPi Global Holdings from Philippine Long Distance Telephone (PLDT). The deal is worth about $320 million including debt.
Clearwater Capital increases stake in India's Kamat Hotels
Clearwater Capital Partners has acquired an additional 9% stake in Mumbai-based hospitality company Kamat Hotels in an open offer, bringing its total stake to 41.3%.
Fidelity invests in India's Richcore Lifesciences
Fidelity Growth Partners India has invested INR300 million ($5.5 million) for a majority stake in Richcore Lifesciences, a Bangalore-based enzyme developer.
Goodwin Procter adds partner to Asia PE practice
Goodwin Procter has recruited Gloria Liu as a partner in its private equity and M&A practices, based in Hong Kong. She joins from Paul Weiss, where she was a senior associate.
Matrix Partners India invests in Mswipe
Matrix Partners India has led the first institutional round of funding in Mswipe Technologies, a mobile payment services provider based in Mumbai.
Fosun, IFC set up Asia-focused reinsurer
Fosun International has teamed up with International Finance Corporation (IFC), the investment arm of the World Bank, to enter the Asia Pacific reinsurance market. The newly established operation, Peak Reinsurance Company (Peak Re), has been licensed...
Apax exits IEE to Chinese investors
Apax Partners has agreed to sell Electronics & Engineering (IEE), a Luxembourg-based developer of specialized sensing systems, to a consortium comprising Chinese strategic investors and an international financial investor.
Actis invests in Chinese medical equipment manufacturer
Actis has entered China’s healthcare space by purchasing a significant minority stake in Nanjing Micro-Tech, a manufacturer of specialist medical equipment used in hospitals and surgeries.
SIDBI Venture Capital to exit India's HHV Solar
SIDBI Venture is set to exit HHV Solar following the Indian company's INR220 million ($3.9 million) investment from Swelect Energy Systems, a Chennai-based power electronic and renewable energy firm.
PE-backed InMobi acquires Overlay media
Indian mobile ad network InMobi has acquired Overlay Media, a UK developer of “content aware” computing technologies.
Riverside invests in Australian military training company
Riverside has invested in Bohemia Interactive Simulation, an Australian company which provides military training simulation technology.
KKR boosts Masan Consumer stake with $200m investment
KKR has more than doubled its investment in Vietnam’s Masan Consumer Corp. (Masan), committing $200 million on top of the $159 million it paid for a 10% stake in the company two years ago. It is the largest ever private equity investment in Vietnam,...
Carlyle sees return on capsule innovation
Gelatin has been used to produce two-piece drug capsules for nearly 100 years, largely thanks to its ability to dissolve easily and be manufactured to a uniform thickness. The problem is that the manufacturing technique has never been all that kosher,...
Navis, Rabo see 1.9x return on Thai duck deal
Navis Capital Partners' exit from Thailand-based duck processor Bangkok Ranch marks the end of a 13-year holding period – among the longest in the firm’s portfolio.
KKR to put another $40m into United Envirotech
KKR has agreed to invest $40 million in United Envirotech (UEL), a Chinese water treatment and recycling solution provider. The private equity firm previously subscribed to $113.8 million convertible bonds issued by UEL in October 2011.
India Awards: PE Deal of the Year – CARE Hospitals
Advent International spent four years scouting India’s healthcare market before settling on CARE Hospitals, and the transaction itself was complex. Now operating partners are on the ground supporting expansion.
India Awards: Exit of the Year – Genpact
Genpact has a strong claim as the pioneer of business process outsourcing (BPO) in India, an industry that employs 700,000 people is now worth nearly $11 billion. According to a report by Nasscom and Everest Group, India accounts for more than 35% of...
India Awards: VC Deal of the Year – Flipkart
In India's fiercely competitive e-commerce market, the mantra is eat or be eaten. Flipkart, through a combination of new funding and lateral acquisitions, has placed itself firmly in the former camp.
Carlyle completes China Pacific exit, takes total sales value past $5b
The Carlyle Group has completed what is said to be its largest-ever cash exit globally, selling the last of its interest in China Pacific Insurance for $796 million. The private equity firm has accumulated more than $5 billion through a series of block...
Cerberus begins Aozora exit with $1.8b sell down
Cerberus is to sell the bulk of its 58% holding in Japan's Aozora Bank through a public market sale that could generate up to JPY158.1 billion ($1.8 billion). The US firm's stake would fall to 8%.
Chinese short-term rental sites secure $20m in VC backing
Xiaozhu.com and Mayi.con, two competing Chinese websites specializing in short-term room rentals, have each secured $10 million in VC funding.
PE-backed Ramky Enviro plans $200m IPO
Ramky Enviro Engineers, an Indian waste management company backed by Standard Chartered Private Equity and IL&FS Investment Managers, is planning a $200 million IPO to support expansion plans.
Wanxiang-backed fund exits D&R to strategic buyer
Summit Strategic Investments, a private equity fund controlled by Chinese auto parts manufacturer Wanxiang Group, has exited US-based D&R Technology to CTS Corporation.
Navis acquires Vietnamese seafood processor
Navis Capital Partners has acquired a stake in Go Dang Joint Stock Company (Godaco), one of Vietnam’s fastest growing seafood processing companies, through its Singaporean subsidiary Panga Hold.