Sectors
HAPE clinches $12m FastTrack buyout
Harbert Australia Private Equity (HAPE), a unit of America’s Harbert Management Corp (HMC), has acquired a majority stake in recruitment and payroll software provider FastTrack.
Australian state launches $200m cleantech program
The Australian government has launched a $200 million merit-based grants program designed to encourage businesses to find innovative ways of decreasing greenhouse gas emissions.
Crescent Capital offers $225m for Australia's ClearView Wealth
Crescent Capital Partners has made a A$220 million ($225 million) takeover bid for Australian financial services company ClearView Wealth. Guinness Peat Group, which owns 47.8% of ClearView, said the offer was wholly inadequate and didn’t reflect the...
SE Asia media peaks PE’s interest
A year ago, global private equity firms stopped ignoring Southeast Asia’s media industry and put the sector on their priority list. What changed?
Southeast Asia’s renewables: Ignored no more?
Aggressive government targets have drawn private equity and venture capital firms into Southeast Asia’s renewable energy. But success and sustainability depend on more than just government subsidies.
TPG buys China packaging firm HCP for $600m - report
TPG Capital has reportedly acquired Chinese packaging company HCP Holdings for around $600 million through a leveraged buyout. The news comes after an earlier attempt by Morgan Stanley's Asia private equity arm to purchase 80% of the company for around...
Southern Capital backs Malaysia’s Adventa in $100m MBO
Singapore-based Mulberry Asia Fund II, a private equity fund managed by Southern Capital Group, has acquired medical products manufacturer Adventa alongside its present managing director Low Chin Guan. The deal is valued at MYR320.85 million ($100 million).
TA, Qiming, Ignition invest in Chinese online game developer
TA Associates, Qiming Venture Partners and Ignition Capital Partners have purchased a significant minority stake in Chinese online gaming company Forgame Tech. Terms of the investment were not disclosed.
Fidelity, Qualcomm lead Series C round for Bigshoebazaar
Fidelity Growth Partners and Qualcomm Ventures have led a Series C round of funding worth INR1 billion (US$18 million) for Indian online wholesaler Bigshoebazaar. Existing investors Nexus Venture Partners and Catamaran Ventures also participated.
Saban, Creador anchor $228m MNC Skyvision IPO
Saban Capital Group and Creador Capital have acted as anchor investors in the IPO of MNC Skyvision, the largest pay TV company in Indonesia. The company, which began trading on the Indonesia Stock Exchange on Monday, raised IDR2.15 billion ($228 million)...
OTPP, Unitas target PE-owned Infastech – report
Ontario Teachers’ Pension Plan (OTPP) and Unitas Capital have reportedly teamed up to bid for Singapore-based industrial fasteners manufacturer Infastech, currently owned by CVC Capital and Standard Chartered Private Equity (SCPE). The deal could be...
TPG backs $176m ShangPharma MBO
TPG Capital is backing a management buyout (MBO) bid for ShangPharma, a Chinese pharmaceutical and biotech research outsourcing firm listed on the New York Stock Exchange. Michael Hui, ShangPharma’s chairman and CEO, and affiliates of TPG have offered...
Warburg Pincus commits $200m to China Auto Rental
Warburg Pincus has invested $200 million in China Auto Rental, said to be the country’s largest car rental network in terms of revenue. It is the largest equity financing the industry has seen since Legend Holdings made a RMB1 billion strategic investment...
Matrix India sets up seed program
Matrix Partners India has established a new program to support entrepreneurs at the seed phase in the internet and mobile sectors across multiple stages of their businesses.
Hao Capital forms healthcare JV with TCL Group
China-focused private equity firm Hao Capital has formed a joint venture with the TCL Group, one of the leading consumer electronics companies in China, to provide diagnostic imaging products and services.
Standard Chartered PE takes Smoothies Korea overseas
Standard Chartered Private Equity (SCPE) has completed its fourth transaction in partnership with South Korea’s National Pension Service (NPS), making a $46 million investment in nutritional beverage brand Smoothies Korea. The company will use the capital...
MBK beaten by Lotte in $1.1b Hi-Mart take-private
MBK Partners has officially been beaten to the punch in its attempt to privatize Hi-Mart, as Lotte Shopping signed a deal to acquire the South Korean electronics retailer for KRW1.25 trillion ($1.1 billion).
India’s IvyCap Ventures in $19m first close for debut fund
Early-stage investor IvyCap Ventures has reached a first close of INR1.05 billion ($19 million) on its debut fund. The full target for IvyCap Ventures Trust Fund I is INR2 billion.
3i India completes investment in Supreme Infrastructure
3i India has completed its minority investment in a portfolio of four road companies held by Supreme Infrastructure India (SIIL), a Mumbai-based infrastructure company.
CX Partners nears SIS India investment – report
CX Partners is closing in on a INR5 billion ($89.5) investment in private security firm Security and Intelligent Services India (SIS India), one of the pioneers of the country's private security industry. The deal, which will facilitate the exit of New...
Quadria Capital to raise a $300m healthcare fund
Quadria Capital is in the process of raising a $300 million fund to tap India's expanding healthcare market. Religare Global Asset Management, a unit of Delhi-based financial services group Religare Enterprises, has become an anchor investor, committing...
IDFC-backed Green Infra seeks $200m in funding - report
Green Infra, the Indian clean energy producer backed by IDFC Private Equity, a wholly-owned unit of India's Infrastructure Development Finance Company, is reportedly seeking to raise $200 million in funding.
VC-backed Yatra bolts on Travelguru
Yatra, the Indian digital travel services operator backed by VC firms including Norwest Venture Partners (NVP), has acquired Travelguru, a hotel distribution network owned by online travel agency Travelocity.
TPG exits Taishin Financial for $182m
TPG Capital sold its entire 7.8% stake in Taiwanese lender Taishin Financial for around $181.5 million after the Taiwan market closed on Wednesday.