Sectors
CVC considers Matahari share sale – report
CVC Capital Partners has reportedly asked bankers to advise on selling shares in Matahari Department Store, the Indonesian retailer it acquired two years ago for INR7.2 trillion ($616.3 million). It remains the largest ever private equity investment in...
Carlyle to sell stake in HDFC – report
The Carlyle Group is poised to sell its 3.7% stake in mortgage lender Housing Development Finance Corp. (HDFC) for approximately $850 million.
Billabong says TPG talks continue despite diligence concerns
Billabong said that buyout negotiations with TPG Capital continue after its stock plunged 20% on reports that the private equity firm was poised to walk away from the A$694 million ($709 million) deal. Trading was halted as the share price fell from A$1.30...
Oaktree exits aircraft leasing firm to Japan’s Mitsubishi UFJ
Oaktree Capital Group has sold aircraft leasing firm Jackson Square Aviation to Japan’s Mitsubishi UFJ Lease & Finance Co. for JPY100 billion ($1.3 billion).
Morgan Stanley supports Feihe International MBO bid
Morgan Stanley Private Equity Asia (MSPEA) has teamed up with the chairman and CEO of Feihe International to make a buyout offer for the US-listed Chinese company. The transaction values Feihe, a leading producer of infant formula and milk powder, at...
Fulcrum reaps 10x from Casa Grande exit
SME-focused private equity firm Fulcrum Venture India has reaped a money multiple of 10x from its investment in Indian real estate company Casa Grande.
China’s Cathay Fortune in $848m takeover bid for Discovery Metals
Cathay Fortune Corp, a private equity firm founded by Chinese billionaire Yu Yong, has made a A$830 million ($848 million) takeover bid for Australian copper producer Discovery Metals. A fund set up by China Development Bank (CDB) is supporting the proposed...
Australian infrastructure: Changing tastes
Australia’s superannuation funds are active infrastructure investors, but the size and nature of commitments to the asset class are influenced by past experience, available resources and risk appetite
Actis in Chinese casual dining MBO
Networks count, and nowhere more so than in China. This was especially evident during Actis’ investment in Shanghai-based casual dining chain Bellagio, announced last week.
Actis invests in Sri Lankan hospital chain
Emerging markets-focused private equity firm Actis has invested $32 million for approximately 30% of Asiri Hospital Holdings (AHH), Sri Lanka’s largest private hospital group. The company operates three facilities in Colombo and two in Matara, with...
Baring PE Asia in new attempt at Courts IPO
Baring Private Equity Asia has resumed efforts to list electronics and furniture retailer Courts Asia in Singapore. The PE firm, which controls Courts through Asia Retail Group, attempted an IPO in 2010 but withdrew the offer due to valuation concerns.
Intel Capital invests in five Asian companies
Intel Capital, the venture capital arm of Intel Corp, has invested $40 million in 10 companies, half of which are from China, India, South Korea and Taiwan.
Next-backed Hirepool in talks to buy Tasman Capital-owned HireQuip - report
Hirepool, the New Zealand rental equipment specialist owned by Australian private equity firm Next Capital, is reportedly in exclusive talks to purchase its indebted rival, HireQuip, which is owned by Sydney-based Tasman Capital.
Founder of Australia’s Seek plans PE platform
Paul Bassat, co-founder of Australian job search site Seek, is looking to set up a private equity platform with Tony Holt, who recently left his position as a senior managing director with Macquarie Group in Hong Kong.
Navis invests in Vietnam pharma firm
Navis Capital Partners has invested into OPV Pharmaceutical, a major Vietnamese branded generic pharmaceutical manufacturer.
Cerberus to exit Japan’s Aozora Bank
Cerberus Capital is planning to sell its $2.5 billion stake in Japanese lender Aozora Bank after a 12-year holding period.
Everstone to buy 35% of Indian publishing company - report
Everstone Capital is reportedly in talks to buy a 35% stake in S Chand Group, India’s leading publisher of textbooks and digital learning products. The deal is expected to be worth $30 million.
NewQuest-led group seeks removal of China Hydro directors
An investor group led by NewQuest Capital Partners is calling for the removal of five directors of China Hydroelectric Corporation, citing strategic and operational issues at the company and the apparent lack of credibility and accountability on the board....
Anchorage buys Dick Smith Electronics from Woolworths
Anchorage Capital Partners will buy Australian supermarket chain Woolworths’ Dick Smith Electronics unit for an initial A$20 million ($18 million) plus a share of any upside resulting from the private equity firm exiting the asset. The divestment comes...
NVP invests $22m in Indian medical diagnostics firm
Norwest Venture Partners (NVP) has bought a 10% stake in India’s Thyrocare Technologies from the medical diagnostics services provider’s promoters for INR1.2 billion ($22 million).
Australia’s CHAMP PE secures $206m Southeast Asia deal
CHAMP Private Equity has acquired a significant minority stake in shipping services provider Miclyn Express Offshore (MEO) from Macquarie Capital Group for around A$199 million ($206 million). It represents another step in the Australian GP’s strategy...
Shenzhen Capital, New Margin fund Chinese sex toy retailer – report
Shenzhen Capital and New Margin Ventures have reportedly provided RMB300 million ($47.4 million) in Series A funding to Adam & Eve, a Chinese sex toys retailer. The company claims to be the first in its segment to receive approval from the State Food...
NVP, Sequoia lead Series A round for India’s Capillary Technologies
Norwest Venture Partners (NVP) and Sequoia Capital have led a $15.5 million Series A round of funding for Capillary Technologies, an India-based cloud computing services provider. Existing investor Qualcomm Ventures also participated.
China’s IPV Capital backs mobile protection solution provider
V-Key, a mobile applications security solutions provider, has secured a $4 million Series A funding round from China-based VC investor IPV Capital.