Sectors
TPG partner brought in to help turn around Li Ning
TPG Capital's Jin-goon Kim has been named executive vice-chairman of Li Ning as the private equity firm tries to stabilize the struggling Chinese sports retailer. The appointment comes as Li Ning searches for a replacement for CEO Zhiyong Zhang, who has...
Baring increases stake in Chinese retailer Magic Holdings
Baring Private Equity Asia has increased its stake in Magic Holdings, a Hong Kong-listed skincare brand. The PE firm bought 50 million shares - approximately 5% of Magic Holdings' total issued share capital - at HK$2.9 apiece for a total consideration...
Carlyle takes controlling stake in China hotel operator
The Carlyle Group has acquired a controlling stake of 49% in Mandarin Hotel Holdings, which manages a mid-market hotel chain in China under the Crystal Orange Hotel and Orange Hotel brands. The private equity firm sees the investment as a means of tapping...
Treedom launches Asia-focused forestry fund
Treedom Investments, a specialist investment advisor in the renewable resources sector, has launched the Asia Renewable Resources Fund (ARRF), which will focus on investments in forestry-related products.
Carlyle exits Sinorgchem to China’s Sinochem
The Carlyle Group has exited its holding in rubber additives producer Jiangsu Sinorgchem Technology through a trade sale to Sinochem International, the overseas arm of the Chinese state-owned chemicals company. This is one of a series of transactions...
PEP buys Nestle’s ice cream business
Australian private equity firm Pacific Equity Partners (PEP) has bought the Peters Ice Cream unit of Swiss food giant Nestle.
Advent Private secures GenesisCare exit through KKR buyout
KKR’s recent buyout of Australian healthcare firm GenesisCare secured an exit for mid-market investor Advent Private Capital. The domestic GP described the exit, which comes after a holding period of just three years, as “highly successful.”
Gobi backs Singaporean cloud service provider
China-based venture capital firm Gobi Partners has injected S$1 million ($800,000) into Singaporean online games cloud service provider Corous360.
India to launch $360m pharma fund
The Indian government is contemplating launching an INR20 billion ($367 million) venture capital fund to invest in research and development (R&D) in the pharmaceutical sector.
MBK no longer in running for Korea’s Hi-Mart
MBK Partners is no longer the preferred bidder for South Korean electronics retailer Hi-Mart, having walked away from the auction after due diligence uncovered a worse than expected decline in the business.
AIF invests in Southeast Asian consumer packaging firm
AIF Capital has completed a $40 million investment in Pacific Plas, one of the largest participants in Southeast Asia’s resin distribution and consumer packaging markets. AIF is the first private equity investor in the Singapore-based family-owned company.
Gresham in talks to sell Witchery to Country Road
Australia-listed fashion and homeware retailer Country Road has confirmed it is in talks with Gresham Private Equity about the potential acquisition of clothing brands Witchery and Mimco.
Standard Chartered PE acquires 13.5% stake in Trikomsel
Hong Kong-based Standard Chartered Private Equity has acquired a 13.5% stake in Trikomsel Oke, an Indonesian retailer of mobile telecommunications devices.
Micron beats TPG, Hony to acquire Elpida
Micron Technology has beat potential investors including TPG Capital and Hony Capital to acquire Japan’s Elpida Memory for about $2.5 billion, in a move to compete against rivals in South Korea and Taiwan.
PE-backed China Yongda returns with scaled down IPO
China Yongda Automobile Services has re-launched its IPO a month after pulling out of the Hong Kong listing due to weak market demand. The company has reduced its price to HK$6.60 per share, down from a range of HK$7.60-10.80, and cut the size of the...
EB Private Equity abandons David Jones takeover bid
Little-known UK-based investor EB Private Equity has withdrawn its takeover bid for David Jones, Australia’s second-largest department store chain. The group initially submitted an offer of A$1.52 billion ($1.55 billion) in May and later increased it...
Sprint Capital backs Australian coal miner
Sprint Capital has invested A$36 million ($36.4 million) for a 25% stake in Australian mining company Stanmore Coal. Capital from the Hong Kong-based private equity firm, which specializes in mining and natural resources sector transactions, will go towards...
Translink, Vangoo back Chinese mobile ad platform with $12m
Silicon Valley-based Translink Capital and Japan’s Vangoo Investment Partners have led a $12 million Series B round of funding for Chinese mobile-based advertising platforms Adwo.
Opportunities abound in aerospace and defense - study
Private equity investment opportunities abound in Asia Pacific’s aerospace and defense industries, according to analysis by research and consulting firm Frost & Sullivan.
VIDEO: Sterling Partners' Eric Becker
Some private equity firms in emerging Asian markets still shirk at being labeled specialist, arguing that a narrow focus risks missing out on a wealth of growth opportunities. The US, several decades down the line in terms of the private equity development...
Groupon’s China business to merge with Tencent
Group-buying website Groupon is merging its China operations, known as Gaopeng, with a similar site owned by domestic internet company Tencent Holdings. Gaopeng was created in late 2010 as a joint venture between Groupon and Tencent. The Tencent Collaboration...
Sequoia, SAP Ventures back Just Dial after IPO pulled
Sequoia Capital and SAP Ventures have invested INR3.27 billion ($57 million) in Indian listings provider Just Dial after the company’s IPO, scheduled for this month, was delayed until 2013.
CNEI secures 9.4x return on partial exit from Liyuan Aluminum
China New Enterprise Investment (CNEI) has completed a partial exit from Jilin Liyuan Aluminum, one of the country’s leading aluminum extrusion product manufacturers, securing a 9.4x gross return.
KKR takes majority stake in Australia’s GenesisCare
KKR has picked up a 63% interest in Australia’s GenesisCare, which provides services to patients with cancer and cardiovascular disease. It represents the latest in a string of healthcare sector deals by private equity firms, with TPG Capital and The...