Sectors
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...
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.
Burger King teams up with Cartesian to expand in China
Burger King is teaming up with New York-based Cartesian Capital and members of Turkey's Kurdoglu family to form a China joint venture that will open 1,000 restaurants nationwide in the next 5-7 years.
Hopu sells 6% stake in Chinese dairy firm Mengniu
Hopu Investment Management has sold its 6% stake in Hong Kong-listed Chinese daiy company China Mengniu Dairy for DKK1.7 billion ($289 million) to Denmark's Arla Foods.
OneVentures backs Paloma Mobile with $1.5m
Australia-focused venture capital firm OneVentures has led a $1.5 million Series A round of funding for Paloma Mobile, a developer of smartphone services for emerging markets.
PE firms plan AsiaInfo bids – report
Silver Lake, TPG Capital and Primavera Capital are said to be among the PE firms that have expressed an interest in AsiaInfo-Linkage, the US-listed telecoms software manufacturer that is subject to a buyout offer from CITIC Capital.
Indonesian pay-TV operator targets $260m IPO
PT MNC Skyvision has reduced the fundraising expectations for its IPO this summer from $400 million to $260 million. Saban Capital Group was previously reported to have expressed interest in becoming an anchor investor.
Accion, Pragati India boost Saija Finance with $4m
Accion and Pragati India Fund have invested $4.5 million in Indian microfinance company Saija Finance. The funding will enable the firm to make acquisitions.
PE firms consider bid for Australian packaging firm – report
The Blackstone Group, KKR and The Carlyle Group are said to be in talks with banks over a bid for Australian packaging company Pact. The deal could value the firm at as much as $1.4 billion.
Kaizen injects $4m in Indian childcare provider
Education-focused PE firm Kaizen Management Advisors has invested INR200 million ($4 million) in Indian childcare services provider Your Kids ‘R’ Our Kids (YKROK).
Sony increases take in PE-backed India subsidiary
Sony Pictures Television, the international television production and distribution arm of Sony, has increased its stake in Indian subsidiary Multi Screen Media (MSM), which is also backed by private equity investor Capital International. Sony has agreed...
Fortis raises $66m from Jacob Ballas, IFC for Super Religare
Bangalore-based Fortis Healthcare has reached agreements with Jacob Ballas Capital and the International Finance Corporation (IFC) to raise INR3.7 billion ($66.4 million) for its diagnostics unit Super Religare Laboratories (SRL).
Lilly ups stake in Chinese pharma firm
Lilly Asian Ventures, the venture capital arm of pharmaceutical giant Eli Lilly & Co., has injected an additional $20 million of capital into existing portfolio company Novast.
Temasek buys stake in Asia-focused Ivanhoe Mines
Temasek Holdings has purchased a 5.5% stake in Canada’s Ivanhoe Mines, a move seen as part of ongoing efforts to increase the natural resources share of its portfolio. The transaction was channeled through Tembusu Capital, a private equity firm affiliated...
Palatine-backed Air Energi bolts on Indonesia’s Satoil
Air Energi, a portfolio company of Palatine Private Equity, has purchased the technical consulting and professional manpower division of Indonesian oil services company Satoil.
Unitas invests $164m in Korean outdoor brand
Unitas Capital has injected KRW190 billion ($162.4 million) into NEPA, a Korean outdoor apparel and equipment manufacturer and retailer, through a capital increase.
India’s Komli raises $39m in Series D round
India-based Komli Media, a provider of online advertising solutions across mobile, video, social networks and search engines, has attracted $39 million in Series D funding from venture capital firms, in a move to expand its presence across Asia.