Sectors
Unison Capital seeks buyer for sushi chain - report
Japanese private equity firm Unison Capital is searching for a buyer for its sushi restaurant chain Akindo Sushiro. If the transaction goes through, it could be worth as much as JPY70 billion ($893 million) and represent one of the largest private equity...
Navis puts Nirula’s on the block - report
Malaysia-based private equity firm Navis Capital Partners is said to be in discussions with an individual about a sale of its Indian restaurant chain, Nirula's Corner House, for INR1.5 billion ($27 million).
Warburg Pincus finalizes $125m Future Capital deal
Warburg Pincus has reportedly agreed to buy a majority stake in India's Future Capital Holdings (FCH), the financial services unit of the Future Group, for $100-125 million.
CVC-owned Formula One delays Singapore IPO
CVC Capital Partners' portfolio company Formula One Group has delayed its $3 billion Singapore IPO due to choppy market conditions. It is the fifth major listing to be pulled or delayed in Asia over the past week alone.
SBI, FMO to launch $80m emerging Asia financial fund
Japan’s SBI Holdings and Netherlands Development Finance Company (FMO) will jointly roll out a new fund to invest in financial services across emerging Asia. The fund will have a target size of up to $80 million and is seeking a first close of $60 million....
CVCI boosts Wuttisak with $100m
Emerging markets fund manager Citi Venture Capital International (CVCI) Private Equity and Thai-focused private equity firm Thai Strategic Capital have acquired around 30% of Wuttisak Clinic Inter Group for almost $100 million.
Intel Capital injects $17m in Southeast Asian firms
Early-stage technology investor Intel Capital has invested a total of $17 million in Singapore-based Reebonz.com and Hanoi-based Vietnam Communications Corporation (VC Corp).
Unitas mulls buyout of PE-backed Infastech - report
Pan-Asia buyout fund Unitas Capital has expressed interest in bidding for Singapore-based Infastech, which has been put on the block by CVC Capital Partners and Standard Chartered Private Equity (SCPE).
Lone Star to pursue arbitration over KEB exit
Lone Star Funds plans to initiate arbitration proceedings against the South Korean government regarding its $3.5 billion exit of Korea Exchange Bank (KEB) to Hana Financial. The US private equity firm claims the government interfered with its rights as...
PE giants exit AMC to Chinese investor
Dalian Wanda Group’s ambitions appear to know no bounds. Last week the conglomerate completed what could be the largest ever Chinese takeover of a US company, paying $2.6 billion for AMC Entertainment. Wanda’s goal is to unite AMC’s movie theater...
Fairbridge buys Thomas Cook India for $150m
Thomas Cook has now sold its India business twice in the space of six years. The asset was first offloaded to Dubai Financial in 2005 as a package deal including licenses to operate the brand in the Middle East, as Thomas Cook divested non-core assets...
Energy investing: Keeping Asia’s lights on
North American PE firms have become established oil and gas investors. Asian GPs are only just coming around to the idea, but the long-term potential is huge – provided you hire the right management
Apax, Darby in talks to invest in Kurlon
Buyout out house Apax Partners and Darby Overseas Investments are said to be in advanced talks to acquire a minority stake in Indian mattress manufacturer Kurlon.
GA sells Gavilon stake to Japan’s Marubeni
General Atlantic (GA) has sold its stake in US grain trader Gavilon to Japanese trading house Marubeni Corp, in a deal that values the company at an enterprise value of around $5.3 billion.
Reliance Capital backs kitchen appliance manufacturer
Reliance Capital has acquired a 13.71% stake in Butterfly Gandhimathi Appliances for INR1 billion ($18 million) via its Reliance Alternative Investments Fund.
Goldman Sachs invests in Alok Industries, CORE Education
Goldman Sachs has invested in Indian real estate asset Alok Industries and education solutions provider CORE Education & Technologies through two PIPE transactions.
Reliance Infratel buyout on the rocks
The Carlyle Group and The Blackstone Group’s proposed buyout of Reliance Communications’ telecoms tower unit looks to be in a state of limbo as the Indian firm said the sale can only proceed following clarification from the regulatory authorities.
India's Voicetap to raise capital from venture capital
Voicetap, a technology startup focused on mobile-education, has received $1 million from private investors. It is also in talks with other venture capital funds in the US, Singapore and India to raise $7 million over the next few months.
Baring-backed Yongda abandons Hong Kong IPO
China Yongda Automobile Services, the leading BMW dealership in China, has shelved its $433 million Hong Kong IPO due to weak equities markets. It is the biggest listing to be withdrawn in Asia this year.
China encourages private investment in banking sector
China will allow private capital to invest in banks on an equal footing to other forms of capital. The move, which in theory will see substantial barriers to PE involvement in the industry, comes as the government opens up certain state-controlled and...
Private equity firms target $500m for Myanmar investments
Leopard Capital and Cube Capital are among the Asian private equity firms looking to raise nearly $500 million for investments in Myanmar. It is hoped that the removal of trade sanctions imposed on the Southeast Asian nation will create opportunities...
IFC may back IPO of Khazanah’s healthcare arm
International Financial Corp (IFC), the private investment arm of the World Bank, is planning to invest in the proposed $1.5 billion IPO of Malaysia's Integrated Healthcare Holdings (IHH), which is owned by Khazanah Nasional.
Navis gets full control of Indian restaurant chain Nirula’s
Malaysia-based private equity firm Navis Capital Partners has acquired the remaining shares it did not already own in Indian restaurant chain Nirula's Corner House.
Lazard-backed Hastie Group enters administration
Hastie Group, the Australian engineering company backed by Lazard, has entered into voluntary administration after recapitalization talks failed. It comes after recapitalization talks failed due to “accounting irregularities” led to a profits charge...