Sectors
Northstar, GIC in $200m Indonesian oil deal
Northstar Pacific Partners and Government of Singapore Investment Corporate (GIC) have reportedly invested $200 million in Triputra Agro Persada, an Indonesia oil producer. It isn’t the first time the two have co-invested in natural resources deal, but...
NVP backs Indian healthcare clinics with $4.5m
Norwest Venture Partners (NVP) has invested INR250 million ($4.5 million) in NationWide Primary Healthcare Services, an Indian retail chain of primary care clinics.
Kaizen commits $4.5m to Indian school management firm
Kaizen Private Equity has invested INR250 million ($4.5 million) for a minority stake in Altus Learning, an Indian school management firm. The funding will be used to help the Gujarat-based operator expand in northern India.
IFC, Mount Kellett back India's Jain Irrigation Systems
International Finance Corporation (IFC) and Mount Kellett Capital Management are part of a group that has agreed to invest around INR11 billion ($200 million) in Jain Irrigation Systems. The company, which manufactures drip and sprinkler systems as well...
Rival PE firm matches TPG's $709m Billabong offer
A rival private equity firm – reportedly Bain Capital – has offered to match TPG Capital’s A$694 million ($709 million) buyout bid for Australian surfwear company Billabong International. The Billabong board maintains that neither offer reflects the fundamental...
Qualcomm Ventures backs Dolphin Browser Series B round
Qualcomm's venture capital arm has participated in the Series B funding round of Dolphin Browser, a Chinese-made mobile browser.
CVC's Nine sells magazine unit to service debts
CVC Capital Partners-owned Nine Entertainment has sold its ACP Magazines division to German publisher Bauer for A$500 million ($510 million). The proceeds will go towards paying down some of the Australian media company’s debt, with a senior tranche of...
Baring, Aditya Birla circle Anu Solar Power stake - report
Baring Private Equity Partners and Aditya Birla Private Equity are reportedly vying for a 20% stake in Anu Solar Power, in a deal that could value the Indian renewable energy player at INR5 billion ($89.6 million).
Blue Sky PE injects $3 million into Australian caterer
Blue Sky Private Equity has funneled A$3 million ($3.1 million) into Oil Industry Catering & Services, a provider of catering and support services to the Australian mining industry.
UPDATE: PE group invests another $150m in Zhaoheng Hydropower
Morgan Stanley Infrastructure Partners, Fountainvest Partners and Olympus Capital have together invested $150 million in Shenzhen-based Zhaoheng Hydropower, matching a commitment they made two years ago. The total consideration is said to be the largest...
Wolseley's Guardian Childcare bolts on early learning center operator
Guardian Childcare Alliance, the Australian childcare center operator owned by Wolseley Private Equity, has acquired Jigsaw Corporate Childcare, which operates early learning centers for employees of blue chip corporate clients.
Blackstone commits $44m to Indian fragrance maker
The Blackstone Group has paid INR2.43 billion ($43.69 million) for a 33% stake in SH Kelkar & Company (SHK), India's largest fragrance and flavor company.
Olympus-backed DM Healthcare outlines India spending plans
Olympus-backed DM Healthcare, a Dubai-based healthcare services provider which gets a majority of its business in the Middle East, will invest INR15 billion ($270 million) in India. The company hopes this will help boost overall revenues by 40% to INR23...
China Baoxin Auto to buy PE-backed NCGA for $305m
Hong Kong-listed China Baoxin Auto has agreed to pay $305 million for NCGA Holdings, a Beijing-based high-end car dealership owned by the Citigroup, Apollo Global Management and Pangaea One.
Murdoch fund takes full ownership of DMG Radio Australia
Illyria, a private investment vehicle run by Lachlan Murdoch, son of media tycoon Rupert Murdoch, has taken full ownership of DMG Radio Australia after acquiring the 50% it didn’t already own from UK-based media company Daily Mail and General Trust (DMGT)....
China Renaissance advises alcohol site on Series C round
VC firm China Renaissance acted as a financial advisor to alcohol B2C e-commerce company Jiuxian.com on its RMB200 million ($31.5 million) Series C round led by hedge fund manager Richland Capital.
Shandong Heavy invests $922m in PE-backed Kion
Weichai Power, a Chinese automotive and equipment manufacturer owned by Shandong Heavy Industry, will invest EUR738 million ($922 million) in Kion, the German forklift truckmaker backed by KKR and Goldman Sachs. It is the largest Chinese direct investment...
CIC trims financials exposure with partial exit from BlackRock
China Investment Corporation (CIC) has exited most of its holding in asset manager BlackRock as part of a wider effort to reduce its exposure to international financial institutions.
Japan's J-Star exits Iki Iki to Noritsu Koki Group
J-Star, the mid-market Japanese GP, has exited lifestyle marketing company Iki Iki to a subsidiary of Noritsu Koki Group. The transaction is expected to close on September 7.
Blume Ventures invests in four Indian startups
Indian angel and seed fund Blume Ventures has invested in four startups. The transactions were completed during the first half of the year, according to the company’s quarterly report.
India's Kalyani Group to sell wind energy stake to PE – report
The Kalyani Group, the Indian industrial conglomerate, is reportedly in talks with private equity firms to sell a stake in its wind energy business, Kenersys. In addition to diluting Kalyani’s controlling interest, the deal would allow the partial exit...
Thailand eases licensing rules for private equity firms
Thailand’s Securities and Exchange Commission (SEC) has abolished rules requiring private equity and venture capital firms to apply for securities licenses. The move is intended to make it easier to set up funds, thereby facilitating investment into small-...
Mandarin, Hony to support Zoomlion spin-off
Mandarin Capital Partners will team up with Hony Capital to finance the spin-off of Chinese construction equipment manufacturer Zoomlion's sanitation machinery business. It is one of two deals - together worth around EUR100 million ($125 million) - that...
Japan Industrial Partners buys Olympus' mobile telecom unit
Japan Industrial Partners (JIP), a Tokyo-based private equity firm specializing in business restructuring, has bought the mobile-phone retailing business run by Olympus Corp’s ITX unit for JPY53 billion ($676 million).