Sectors
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...
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).
India regulator pulls plug on ACA PE’s Repco Home deal
The Securities and Exchange Board of India (SEBI) has vetoed ACA Private Equity Trust’s proposed investment into Repco Home Finance because it contravenes the country’s venture capital regulations.
GREE Ventures makes first Southeast Asia investment
GREE Ventures has made its first Southeast Asian investment by leading the Series B funding round in PriceArea.com, a price comparison website in Indonesia. Sony’s So-net Entertainment and East Ventures, a new and an existing investor, respectively,...
Goodman, CPPIB boost China joint venture with $500m
Australian property and logistics firm Goodman Group and Canada Pension Plan Investment Board (CPPIB) have injected a further $500 million into their joint venture, Goodman China Logistics Holding (GCLH), increasing its capacity to a total of $1 billion....
Bain, KKR target 30% stake in Lanco power business - report
Bain Capital and KKR are reportedly in discussions with Lanco Infratech to buy a 30% stake in its power projects. Lanco has been trying to raise around $750 million in equity since the start of the year.
IFC invests $47m in China’s Fosun Pharma
International Finance Corporation (IFC), the private investment arm of the World Bank, has agreed to provide RMB300 million ($47 million) in funding to Fosun Pharma, one of China’s leading drug companies. The investment will help Fosun scale up the...
Crescent wins investor support after raising ClearView offer
Crescent Capital Partners has improved its buyout offer for Australian financial services provider ClearView Wealth, winning the support of leading shareholder Guinness Peat Group (GPG). The private equity firm is now offering A$0.55 per share, up from...
Permira buys Japan’s Sushiro from Unison
Global buyout firms see potential in cash-rich Japanese corporations that can be guided overseas.
India Value Advisors to invest $179m in Manipal Hospitals
India Value Advisors (IVFA) will commit about INR10 billion ($179 million) to Manipal Hospitals over a three-year period, enabling the healthcare provider to more than double its hospital bed capacity. Part of this increase will come through acquisitions.
Hellman & Friedman sells Goodman to Japan’s Daikin
US-based private equity firm Hellman & Friedman has sold its air conditioner maker, Goodman Global, to its Japanese rival, Daikin, for $3.7 billion.
Renesas shares spike on report of KKR investment
Shares in Japan’s Renesas Electronics Corp. have soared to their highest level in almost three months after it was reported that KKR will invest JPY100 billion ($1.3 billion) in the company.
SCPE scores proprietary cryogenic storage deal
A captive private equity firm has a number of advantages. Fundraising is never an issue, there is an abundance of manpower and the parent’s contacts can be leveraged for deal origination purposes.
Actis backs Chinese kitchen equipment designer
Emerging markets private equity firm Actis has invested in Vesta, a major Chinese commercial kitchen equipment company.
VC-backed Flipkart raises Series D round of funding
Indian online retailer Flipkart has completed a Series D round of funding from new investors MIH, part of the South Africa-based media platform Naspers, and San Francisco-based ICONIQ Capital. Existing backers Tiger Global and Accel Partners also participated.
Cerberus-backed Aozora unveils plan to repay bailout cash
Aozora Bank, the Japanese lender in which Cerberus Capital holds a large stake, has pledged to repay JPY227.6 billion ($2.9 billion) in bailout money received during Japan’s financial crisis. The sum will be repaid over a 10-year period ending before...
SMC Capital backs Chinese horse-breeding company
SMC Capital China, a subsidiary of Hong Kong-based private equity and alternative asset manager Simon Murray Group, will invest an initial RMB60 million ($9.4 million) in a joint venture with Khorchin Rider Horse.
Buyout firms progress in Indonesia healthcare auction - report
The Blackstone Group, Bain Capital, KKR and Abraaj Capital are said to have made it through to the second round of the auction process for a 20% stake in Siloam, Indonesia’s biggest private hospital firm. The deal is expected to be worth up to $300...
Sequoia exits Cafe Coffee Day stake in founder buy-back
Sequoia Capital India has sold its stake in Amalgamated Bean Coffee Trading, the unit of India’s Coffee Day Group that runs the flagship retail chain, Café Coffee Day.
Permira acquires Unison’s stake in Akindo Sushiro for $1b
Permira, through its Ireland-based vehicle Consumer Equity Investments (CEIL), has acquired Unison Capital’s stake in Akindo Sushiro, a leading Japanese sushi restaurant. The deal values the company at $1 billion, including debt.