Sectors
Warburg Pincus backs Chinese children's goods retailer
Warburg Pincus has invested $55 million in Chinese maternity and children’s goods retailer Kidswant. The capital will be used to increase store numbers and boost the company’s growth plans.
Macquarie raises $625m for Philippines' first infra fund
Macquarie Group has announced a first and final close on $625 million for its Philippine Investment Alliance for Infrastructure (PINAI). It is the first-ever Philippines-dedicated infrastructure fund.
Korea's Woongjin, KTB Private Equity in $1b Coway deal
KTB Private Equity, an affiliate of South Korean financial services company KTB Investment & Securities, will team up with Woongjin Holdings to buy a 31% stake in water purifier manufacturer Coway for KRW1.2 trillion ($1 billion). The target company is...
Warburg's Future Capital offer faces delays
Warburg Pincus’ offer to buy a 26% stake in India's Future Capital Holdings (FCH), the financial services unit of the Future Group, has been delayed despite reports that the $100-125 million deal was finalized last month.
SCPE backs Sri Lanka's Abans with $40m - report
Standard Chartered Private Equity has reportedly invested $40 million in Sri Lankan family-owned business Abans.
KBank to launch Thailand's first infrastructure fund
Kasikornbank, the financial adviser to Solar Power, a subsidiary of Thailand's biggest solar-farm developer SPCG, is in the process of raising the country's first infrastructure fund. It is targeting THB5 billion ($158 million).
Sequoia invests in India healthcare services start-up
Sequoia Capital India has invested INR250 million ($4.6 million) into Bangalore-based Practo Technologies, a cloud-based clinic management platform. The Series A round will support the company's global expansion plans.
Blue Sky pumps $2m into Australian skincare firm
Blue Sky Alternative Investments has invested $2 million in Milk & Co, the Australian skincare company founded by Olympic swimmer Michael Klim.
WI Harper leads Series B round for AdMaster
W.I. Harper has led a Series B round of funding for AdMaster, a China-based digital marketing service provider. GSR Ventures, which invested in the company’s Series A round in late 2010, also participated.
Navis exits Indonesia education business to Pearson
Navis Capital Partners has exited the Indonesian arm of English-language education business Wall Street Institute (WSI) to Pearson. The global publishing and education company is paying $16.3 million for the asset, which represents a 10x return for Navis....
Korea's Woori sale fails yet again as no bidders materialize
The South Korean government’s latest attempt to exit its controlling stake in Woori Finance Holdings has failed after no one submitted a preliminary bid. The country’s financial regulator subsequently said “it would be difficult to mount another attempt...
Southern Capital revises Adventa MBO offer
Southern Capital Group and a director of Adventa have submitted a revised takeover bid for the Malaysian medical products manufacturer. The offer still stands at MYR320.85 ($100 million), or MYR2.10 per share, but now excludes Adventa’s interests in Sun...
Hony, GCS named preferred bidders for Dexia unit – report
Hony Capital has teamed up with GCS Capital, a PE firm founded by former investment banker Guocang Huan, to buy the asset management arm Dexia in a deal worth EUR500 million ($615 million). The Franco-Belgian financial group is one of the biggest victims...
SAFE commits $500m to Blackstone property fund – report
China’s State Administration of Foreign Exchange (SAFE) has reportedly committed $500 million to The Blackstone Group’s latest real estate private equity fund. Blackstone Real Estate Partners VII has proved popular with investors and Stephen Schwarzman,...
Infinity Group sells IP to Anxin-China
Infinity Group, the Israel-based private equity firm created by China Development Bank and Israeli conglomerate IDB Group, has sold intellectual property developed by two of its portfolio companies to Anxin-China Holdings.
Billabong opens its books to TPG, says buyout offer too low
Billabong International's board has agreed to let TPG Capital conduct due diligence on the company, although it maintains that the private equity firm’s A$694 million ($712 million) buyout offer is too low in the context of a control transaction. TPG’s...
Carlyle mulls Coates Hire IPO
The Carlyle Group, together with Australia's Seven Group, is considering an IPO of Australian equipment rental company Coates Hire. The news comes weeks after banks agreed to refinance the company’s A$1.85 billion ($1.9 billion) in debt.
VCs back Indian taxi firm BookMyCab
Mumbai Angels and YourNest Angel Fund, two Indian investment firms focused on early stage investments, have backed a Series A round for taxi start-up BookMyCab.
TPG confirms acquisition of China's HCP
TPG Capital has acquired Chinese packaging company HCP Holdings from its family owners. Sources close to the development told AVCJ the deal is worth around $500 million.
Ironbridge's EnviroWaste could fetch healthy price
Ironbridge Capital is mulling the sale of its waste management company, EnviroWaste. The New Zealand-based firm is expected to sell for a healthy price as its Australian counterpart Thiess was bought for A$218 million ($225 million) earlier this month....
Archer Growth invests in Best Friends Pet Supercentre
Archer Capital Growth Funds, the Australian GP’s lower mid-market unit, has set up a partnership with Best Friends Pet Supercentre and plans to expand the chain to 44 outlets. The company currently operates 11 supercenters that sell pet products and offer...
India ATMs: Banking on convenience
Recognizing the need for more ATMs, a consortium of Indian banks has opened up the business to independent contractors. Numerous private equity-backed enterprises are waiting to swoop
Valar leads $1.2m round for Australian IT start-up
Valar Ventures, the venture capital firm run by PayPal co-founder Peter Thiel, has made its first investment in Australia, leading a $1.2 million round for IT start-up ScriptRock.
New software helps LPs with benchmarking
EFront has launched an LP-focused performance and risk optimization solution that allows users to generate their own custom-weighted benchmarks.