Sectors
Baring increases its stake in Manappuram Finance to 5.94%
Baring India Private Equity has increased its stake in Manappuram Finance, a non-bank financial company (NBFC) specializing in loans based on gold.
Bain buys half of Japanese TV shopping channel for $1.3b
Bain Capital will buy a 50% stake in Jupiter Shop Channel (JSC), a television shopping company, from Japan-based Sumitomo Corporation. Industry sources noted that the deal is worth JPY100 billion ($1.3 billion), which might be Japan's largest private...
Robin Bell-Jones to lead Permira's TMT coverage in Asia
Permira has redeployed Robin Bell-Jones from London to Hong Kong as part of efforts to expand the firm’s investment activities across Asia.
ICICI Venture in second attempt to offload Updater Services
Indian investor ICICI Venture is attempting to exit its stake in Indian facilities management company Updater Services for the second time.
Milestone backs China restaurant chain IPO
Milestone Capital Partners has agreed to become a cornerstone investor in Chinese restaurant chain Xiao Nan Guo’s Hong Kong IPO. The company is looking to sell 341.25 million shares at HK$1.50 to raise HK$511.5 million ($65.9 million). A Milestone subsidiary...
Carlyle seeks $1.9b Coates Hire refinancing
The Carlyle Group is in negotiations with banks to refinance the A$1.9 billion ($1.9 billion) in leverage used to purchase Australian equipment hire company Coates Hire.
MBK named preferred bidder for Korea's Hi-Mart
MBK Partners has been chosen as the preferred bidder for South Korean electronics retailer Hi-Mart. The company said in a statement to the Korean Stock Exchange that its largest shareholder, Eugene Corp, had made the decision.
KKR puts Bis Industries on the block
KKR has put its mining services and logistics business Bis Industries on the block. The Australian company has been valued at around $1.8 billion including debt.
Singtel Innov8, Optus launch Australia start-ups program
SingTel Innov8, the venture capital arm of SingTel, has teamed up with Australian telco Optus to start a seed program to help Australian digital startups grow and expand into Asia.
Court allows Oak, Gobi to attach $60m in VisionChina assets
Oak Investment Partners and Gobi Partners' application to attach $60 million in assets they claim they are owed by VisionChina Media approved by a New York state judge.
Asiasons buys Australian pre-school show from CVC's Nine
Southeast Asian private equity firm Asiasons Group has acquired Australian pre-school television show Hi-5 from Nine Network Australia and Southern Star Entertainment. Nine Network is owned by the debt-laden Nine Entertainment Group, which is backed by...
MGPA acquires multi-office portfolio in Japan
MGPA, a private equity real estate investment advisory firm, has acquired eight office properties in Japan, with all but one located in Tokyo. The investment was channeled through MGPA Asia Fund III and took the form of commercial mortgage-backed securities....
Singapore start-up raises $1.2m from Walden, Innosight
Singapore-based YFind Technologies has raised S$1.5 million ($1.2 million) in a Series A funding round led by Walden International and Innosight Ventures. The indoor GPS start-up will use the funding to accelerate its development of applications including...
AVCJ China Awards: VC Deal of the Year – Dianping.com
As China’s leading restaurant reviews website, Dianping.com has developed a business model that is difficult for others to replicate. VC backers TrustBridge, Lightspeed, Sequoia and Qiming don’t expect this to change
AVCJ China Awards: PE Deal of the Year – Alibaba Group
Silver Lake started building relations with Alibaba Group almost as soon as it launched its Asia operations in 2008. It was the logical thing to do: the private equity firm assiduously builds relationships with senior management at most of the world’s...
Australia's old media: Where did it all go wrong?
Traditional media in Australia has been colonized by buyout houses since 2006, but a number of these assets are now in distress. Can private equity use this situation to its advantage?
Unitas in timely bet on Korea's outdoor market
As in most proprietary deals, timing was everything when it came to Unitas’ most recent investment. By fortuitous coincidence, the Asia-focused private equity firm approached Korean outdoor apparel and equipment manufacturer NEPA at the very moment that...
VC players back $45m PubMatic mezz round
It is no exaggeration to say that real-time bidding (RBT) is transforming online display advertising. For years, customers bid for slots in bulk, paying a flat rate for each one; there was no way to improve cost efficiency by bidding for particular opportunities....
Jacob Ballas supports Indian diagnostics chain
The $40 billion Indian healthcare market is growing rapidly and has seen numerous PE investments into hospital chains and pharmaceutical companies. However, the country’s diagnostic expertise and infrastructure still lag behind.
Blackstone suspends payments to Visa Power – report
The Blackstone Group is said to have deferred payments on its $111 million investment in Visa Power after the Indian company failed to meet certain targets set out in the deal.
Eminent Venture Capital raises $34m cleantech fund
Eminent Venture Capital, an investment arm of TaiAn Technologies, has raised over NT$1 billion ($33.5 million) for its new biotechnology and green energy fund.
CVC offloads $500m Formula One stake to Waddell & Reed
CVC Capital Partners has sold a $500 million stake in Formula One Group to Waddell & Reed. The move comes after the motor-sport franchise delayed its $3 billion Singapore IPO due to volatile market conditions.
KKR funds $22m Air Works bolt-on
KKR has provided Air Works India Engineering with INR1.2 billion ($22 million) of structured debt financing to help fund its acquisition of Dubai-based private aviation specialist Empire Aviation Group (EAG).
CVC leads investment in HK-listed Chinese shoe company
CVC Capital Partners has led a PIPE investment in Chinese footwear company C.banner. China Consumer Capital Partners and MouseeDragon also participated in the round.