Sectors
Warburg Pincus sets up JV to restructure Titan Petrochemicals
Warburg Pincus affiliate Saturn Petrochemical and SouthernPec Corporation have formed a joint venture to restructure portfolio company Titan Petrochemicals Group. It comes after China's Guangdong Zhenrong Energy made a HK$175 million ($22.57 million)...
KKR sells Unisteel to Swiss trade buyer
KKR has sold its Singapore-based disk drive components and assemblies manufacturer, Unisteel Technology, to Swiss trade buyer SFS intec, a unit of SFS Group.
Archer Growth prepares for Cura Day exit – report
Archer Capital Growth is reportedly preparing to exit Cura Day Hospitals Group. The Australian GP helped found the company in 2008, having teamed up with a group of doctors and medical specialists who manage and work at its nationwide network of day hospitals.
Billabong still in talks with TPG, presents turnaround strategy
Australian surfwear company Billabong International is understood to be continuing discussions with TPG Capital over a A$694 million ($723 million) buyout offer, even as it unveiled a turnaround strategy regarded as a move to preserve its current status.
Just Dial re-files for IPO, VCs plan partial exit
Just Dial, the Indian online listings provider, has filed for a domestic IPO that will see its venture capital investors exit a portion of their holdings. After an earlier attempt to list was shelved due to market uncertainty, the company completed a...
JAFCO invests $5m into VC-backed Bubble Motion
JAFCO Asia has invested $5 million in Bubble Motion, a voice blogger service provider backed by venture capital players including Sequoia Capital.
Fidelity Growth invests $20m in US-based AbsolutData
Fidelity Growth Partners India has committed $20 million to AbsolutData, a San Francisco-based data analytics services provider. The investment will be used to scale up its global delivery footprint.
CVCI backs Cox & Kings unit with $137m
Citigroup Venture Capital International (CVCI), the private equity arm of Citigroup, has channeled $137.75 million into the UK subsidiary of Indian travel operator Cox & Kings.
Goldman, KKR in talks with Chinese firm over Kion stake sale
Goldman Sachs and KKR are said to be in talks with Shandong Heavy Industry about selling a 25% stake in German forklift truck manufacturer Kion Group.
Mandarin Capital nears $627m first close for second fund
Sino-European private equity firm Mandarin Capital Partners is nearing a EUR500 million ($627 million) first close for its second fund. The vehicle is expected to reach a final close of EUR1 billion in the second half of 2013.
Carlyle sees rare scale opportunity in Meinian Onehealth
The Carlyle Group was drawn to China’s Meinian Onehealth because it represented one of few true nationwide healthcare services providers in a fragmented market.
SCPE pumps $45m into Indian cryogenics firm
Standard Chartered Private Equity (SCPE) has paid INR2.5 billion ($45 million) for a minority stake in Inox India, a major global manufacturer of cryogenic storage and transportation equipment.
Actis invests $40m in AGS Transact Technologies
Actis has invested $40 million in TPG-backed AGS Transact Technologies (AGS), one of the leading automatic teller machine (ATM) outsourcing and payments company in India.
SAIF-backed NVC Lighting hit by internal strife
NVC Lighting Technology Corp, a Hong Kong-listed lighting company backed by SAIF Partners, has been hit by a series of senior executives’ departures and employee strikes. The moves are part of an ongoing conflict between company management and the board...
Mekong exits toy maker Nam Hoa
Mekong Capital has completed the sale of its holding in Nam Hoa Production & Trading Corporation, a Vietnamese manufacturer of wooden toys for preschool children.
CIC, GIC boost RRJ-backed Cheniere's LNG plant with $1b
China Investment Corporation (CIC) and Government of Singapore Investment Corp (GIC) are each said to have invested around $500 million in the liquefied natural gas (LNG) plant of US-based Cheniere Energy. This comes after Asia-focused private equity...
Freemont backs Indian eco-products start-up
Freemont Partners has invested in Natural Mantra, an Indian online start-up that sells eco-conscious products. The size of the transaction was not disclosed.
Clove sees 20x return on Philippines oil deal
The Philippines has long been perceived as a black hole for private equity. Clove Capital, which spun out from EMP Daiwa Capital Asia, begs to differ and now it has evidence to support its case: a 20x return on an investment in Philippines oil exploration...
Quadrant in quasi-secondary retail deal
Does Quadrant Private Equity's investment in Super A-Mart and Barbeques Galore constitute a quasi-secondary transaction?
SBI teams up with China’s Yidian to launch PE Fund
SBI Holdings has partnered with China’s Yidian Holdings to launch a private equity fund that will invest in the technology, media and telecom (TMT) sector. The initial fundraising target is RMB400 million ($62.9 million).
Actis invests in Sri Lanka’s Asiri Central Hospitals
Actis has purchased a 10.8% stake in Sri Lanka’s Asiri Central Hospitals for LKR604 million ($4.5 million). The emerging markets-focused private equity firm acquired 2.4 million shares in the Colombo-listed company from Softlogic Holdings, Commercial...
KKR invests $30m in China apparel retailer Novo
KKR has invested $30 million in Novo, a fashion apparel retailer focused on the urban youth demographic in China.
Actis exits Dalmia Bharat Sugar & Industries - report
Actis is said to have exited its 5.5% stake in Dalmia Bharat Sugar & Industries - formerly Dalmia Cement Bharat - for INR82.7 million ($1.5 million).
Origo secures $60m for China cleantech fund, targets first close by year end
Origo Partners, a London-listed private equity investor focused exclusively on China, has received $60 million in commitments for a $200 million fund targeting cleantech companies.