Sectors
Manipal Hospitals to raise $29m from private equity
Manipal Hospitals, India’s third largest healthcare group, is seeking as much as INR1.5 billion ($29 million) from private equity firms for a minority stake in order to fund expansion.
India's IHG buys UK food producer from Duke Street
India Hospitality Group (IHC) has acquired UK-based ready-made food producer Adelie Food Holding from Duke Street Capital for $350 million. The deal – the largest overseas acquisition by an India-focused food and beverage company in six years – is...
Frontline Strategy backs India railways supplier
Frontline Strategy’s India Industrial Growth Fund (IIGF) has committed $9 million to DTL Ancillaries, a Pune-based company that manufactures components used in the rail and automotive industries. The investment is structured in two tranches, the first...
CVC plans $2b Formula One IPO in Singapore - report
CVC Capital Partners is heading towards a $2 billion initial public offering (IPO) for Formula One Group in Singapore. The private equity firm may sell a 20% stake in the motor racing series and complete the sale as early as June.
CVC, RBS raise $216m through Samsonite sale
CVC Capital Partners and Royal Bank of Scotland (RBS) have exited close to 8% of their combined holding in Hong Kong-listed luggage maker Samsonite International for HK$1.68 billion ($216.3 million). The sale comes after the firms’ IPO lock-up expired...
CVC in $644m City Telecom carve out
CVC Capital Partners has agreed to purchase City Telecom’s telecom business for HK$5 billion ($644 million). City Telecom is the second-largest broadband provider in Hong Kong but wants to offload its Hong Kong Broadband Network (HKBN) and IDD assets...
GIC, Baring invest $97m in India’s Marico
Government of Singapore Investment Corp. (GIC) and Baring India Private Equity will purchase a 4.8% stake in Marico, the leading Indian manufacturer of personal care products, for INR5 billion ($97.7 million). The proceeds will partly be used to finance...
CHAMP Private Equity exits IES to McAleese Group
CHAMP Private Equity has sold International Energy Services (IES), a logistics firm that specializes in the transportation of fuel products and hazardous chemicals, to McAleese Group. It is further confirmation of trade sales as the preferred exit channel...
Hony, TPG consider bid for Japan’s Elpida Memory
Hony Capital and TPG Capital are preparing a bid for Elpida Memory, the Japanese chipmaker that filed for bankruptcy protection in February. The private equity firms are expected to face significant competition from strategic investors, with South Korea’s...
TA Associates backs Indian online payment provider
TA Associates has acquired a minority stake in BillDesk, India’s leading online payment services provider. The investment, terms of which were not disclosed, is seen as a means of leveraging both increasing internet penetration in the country and growing...
Vision Knight’s value-add proposition
Much is expected of China's online advertising industry. Worth RMB51 billion ($8.1 billion) in 2011, up 57% year-on-year, the market is tipped to top RMB187 billion by 2015. As former CEO of Alibaba.com, the country’s leading B2B marketing portal, David...
Second-largest India exit for Warburg Pincus
"When Warburg Pincus first invested in Kotak Mahindra Bank in 2004, what was being created was a banking institution from scratch,” says Vishal Mahadevia, managing director of Warburg Pincus India.
Business aviation: Come fly with PE
Foreign investors and private equity funds are keen to leverage the growing appetite for private aviation services in China, but the operational and regulatory hurdles remain
India PE fund invests in bookadda.com
T.V. Mohandas Pai, the former Infosys director, and his partner Ranjan Pai have invested in Indian online book retailer bookadda.com through their $100 million private equity fund.
Advent International to invest $105m CARE Hospitals
Advent International will invest $105 million in multi-specialty hospital chain CARE Hospitals, representing its third investment in India.
Navis in PIPE deal for Malaysia's SEGi
Malaysia-based Navis Capital Partners has acquired at least 21.5% of SEG International (SEGi), the second largest private education group in Malaysia by sales, in a PIPE transaction.
ASK boosts Godrej redevelopment project with $20m
ASK Property Investment Advisors has injected INR1 billion ($19.8 million) into Godrej Properties’ (GPL) first redevelopment project. This comes five months after it was announced that Godrej was looking to exit up to 49% of a commercial realty project...
Sequoia part-exits Bona Film stake to company founder
Sequoia Capital has exited part of its stake in Bona Film Group to the company founder for approximately $16.5 million. The private equity firm agreed to sell 1.5 million ordinary shares to Dong Yu at $11 apiece, a premium of 5.6% over Bona’s closing...
ISigma buys Shinsouki from Riverside
ISigma, a mid-size buyout firm wholly owned by Marubeni Corp, has acquired a minority stake in Japan’s Shinsouki in a deal that represents an exit for The Riverside Company.
Oaktree files for $595m IPO
Oaktree Capital Group, the US-based debt-focused private equity firm, has filed for an IPO that could raise up to $595.1 million. Co-founders Howard Marks and Bruce Karsh stand to take away as much as $117.2 million each from the sale.
DBS to buy Temasek’s stake in Bank Danamon Indonesia
Singaporean lender DBS Group will buy Temasek Holdings’ majority stake in Bank Danamon Indonesia for about $4.9 billion. Already Southeast Asia’s biggest bank, DBS sees the acquisition as a means of accessing the region’s largest economy, which...
Sino-Forest’s major shareholder proposes restructuring plan
The largest shareholder in Sino-Forest has proposed a restructuring plan for the Chinese forestry company following last week’s board announcement that a Canadian court had granted protection from creditors as it looked into sale options.
India Agri Business Fund backs Super Agri Seeds
Rabo Equity Advisors’ India Agri Business Fund has committed INR500 million ($9.8 million) to Super Agri Seeds for a significant minority stake. It is the fund’s eighth investment and the first in a seeds company.
CVC supports MBO of Japanese staffing agency
CVC has backed a management buyout of the Japanese operations of Prompt Holdings, an employment agency formerly known as Advantage Resourcing, for an undisclosed sum. The buyout facilitates the exit of US private equity firm Cerberus Capital Management,...