Sectors
Warbug Pincus to exit India’s WNS Global – report
Warburg Pincus is reportedly in talks with The Carlyle Group, KKR and Baring Private Equity Partners India to sell its 29% stake in business process outsourcing (BPO) firm WNS Global.
China cleantech firm Nature Elements cuts fundraising target
Nature Elements Capital, a Tianjin-based Cleantech PE firm, has nearly halved its fundraising target for its debut US-dollar fund amid tough market conditions.
CanBank Venture backs India’s Vinyas Innovative Technology
Canbank Venture Capital Fund, the PE unit of Canara Bank, has invested INR100 million ($1.8 million) in Mysore-based electronic manufacturing services firm Vinyas Innovative Technologies.
Essex Woodlands promotes Barry, Yang in Shanghai
Silicon Valley-based healthcare investor Essex Woodlands has promoted David Yang and Scott Barry, who run its Shanghai office, to managing director. The promotions, two of five made by the company globally, came into effect on January 1.
Indonesia’s Berrybenka gets funding from Gree Ventures
Gree Ventures, the VC arm of social Japanese social networking giant Gree, has completed its third investment in Indonesia, providing a Series A round of funding to fashion-focused e-commerce start-up Berrybenka. The size of the investment was not disclosed.
SVB provides loan to VC-backed Zoomin
SVB India Finance, a subsidiary of Silicon Valley Bank, has provided INR80 million ($1.5 million) in venture debt funding to Zoomin.com, an online digital photo printing and merchandise company backed by early-stage investors Sherpalo Ventures and First...
CapAsia to launch $350m infrastructure fund
Singapore-based Capital Advisors Partners Asia (CapAsia) is in the process of launching a new infrastructure fund to invest in projects across Southeast Asia. The fund - CapAsia ASEAN Infrastructure III - will start out with $100 million and eventually...
Carlyle exits Japan’s Qualicaps to Mitsubishi Chemical
The Carlyle Group has exited its holding in Qualicaps, a supplier of pharma-grade capsules, to Mitsubishi Chemical Holdings for JPY55.8billion ($639 million).
CVC-led consortium completes $1.7b KFC take-private
A CVC Capital Partners-led consortium has completed a MYR5.12 billion ( $1.7 billion) privatization of Malaysia's KFC franchise and its parent company.
Unitas buys controlling stake in ZTE subsidiary
When ZTE decided to divest Shenzhen ZTE Netview Technology (ZNV), a subsidiary focused on power and environment monitoring and video surveillance, it wanted to act quickly. Unitas Capital was up to the task, overcoming rival bids from several financial...
Actis exits Xiabu Xiabu in secondary sale
In the past 12 months we have seen a 10-fold increase in secondary sales in China by value, but it is unwise to read too much into the spike: 80% of the $2.9 billion total came from Goldman Sachs selling its minority interest in Industrial and Commercial...
VCs and mobile internet: The race to stay relevant
Venture capital investors targeting the mobile and social media space are only as good as their understanding of the consumer habits and technologies that underpin industry trends
Navis, Rabo exit Thai duck processor
Navis Capital Partners and Rabo Capital have exited Thai duck processing firm Bangkok Ranch, plus its Dutch subsidiary Duck To Holdings, to a consortium led by the companies’ founders. The deal values the combined assets at THB5.7 billion ($188 million).
Korea’s EQ Partners supports ArcelorMittal deal – report
South Korean private equity firm EQ Partners is said to be part of the Asian consortium that has acquired a 15% stake in ArcelorMittal Mines Canada (AMMC) for $1.1 billion. Other investors include South Korean steelmaker Posco and Taiwan’s China Steel...
Founder of SAIF-backed NVC Lighting sells a 12% stake
Wu Changjiang, founder and former chairman of NVC Lighting Technology Corp, a Hong Kong-listed lighting company backed by SAIF Partners, has agreed to sell close to two-thirds of his stake to Elec-Tech International (HK), another China-based lighting...
Taiwan's Chinatrust in talks to buy Tokyo Star Bank - report
Chinatrust Commercial Bank, one of Taiwan's largest commercial banks, is reportedly in talks to acquire Tokyo Star Bank for JPY50 billion ($582 million). Tokyo Star's shareholders, which include Lone Star Funds, have previously struggled to find interested...
India’s Essel Group to launch private equity fund
Essel Group, the Indian conglomerate headed by media mogul Subhash Chandra, has set up a new investment arm - Essel Financial Services - that will target private equity, infrastructure, real estate and financial services.
Unitas snaps up majority stake in Shenzhen ZTE Netview
Unitas Capital has taken a controlling interest in Shenzhen ZTE Netview Technology (ZNV), a subsidiary of Hong Kong-listed tech company ZTE Corporation, for RMB1.3 billion ($208 million). The transaction came out of ZTE’s broader program to divest non-core...
Zoomlion's PE backers exit CIFA holdings for $236m
Chinese construction equipment maker Zoomlion has paid $236 million for equity interests held by Hony Capital, Goldman Sachs and Mandarin Capital Partners in the business unit that was used to buy Italy’s Compagnia Italiana Forme Acciaio (CIFA) in 2008.
CHAMP Ventures exits Australian Portable Buildings
CHAMP Ventures has agreed to sell Australian Portable Buildings (APB) to two Canadian companies, Black Diamond Group and Britco, for A$72.5 million ($75.2 million). The Australian private equity firm acquired a near 80% stake in the company in February...
Advantage Partners buys Sanyo’s camera business
Advantage Partners has acquired Sanyo Electric’s digital camera unit. Panasonic, which took control of its former competitor in 2009 in a JPY400 billion ($4.6 billion) acquisition, said it chose to do business with Advantage because of the private equity...
Abax, chairman complete $364m Fushi Copperweld take-private
Abax Global Capital has finally completed its management buyout of NASDAQ-listed Chinese wire manufacturer Fushi Copperweld more than two years after the initial bid was submitted. The transaction, staged in conjunction with Li Fu, Fushi’s chairman...
ShangPhama board agrees to TPG-backed buyout
ShangPharma Corporation, a Chinese pharmaceutical and biotech research outsourcing firm listed on the New York Stock Exchange, has agreed to management buyout by Michael Hui, the firm’s chairman and CEO, and TPG Capital. The transaction values the company...
Rabo targets $250m for second India agribusiness fund
Rabo Equity Advisors is targeting $250 million for its second India agribusiness fund, more than double the $120 million raised for its debut vehicle in 2008. The larger corpus means Rabo’s typical transaction size will increase to $25 million from...