Sectors
NAB offloads debt in CVC-backed Nine Entertainment
National Australia Bank (NAB) has sold off its entire holding of debt in CVC-backed Nine Entertainment. The bank offloaded A$86 million ($90 million), with media reports quoting a price of A$0.85-087 on the dollar.
GIC commits $100m to Vasan Healthcare
Government of Singapore Investment Corp. (GIC) has invested $100 million for a minority stake in Vasan Healthcare, which runs eye care hospitals across India. The transaction is the largest PE deal in the country's healthcare industry since Olympus Capital’s...
Subsea backs NZ mining project
Subsea Investments II, a private equity fund backed by US-based LPs, will invest up to $7 million for shares issued by NZAX-listed Chatham Rock Phosphate (CRP).
Baring, Sequoia invest $29m in Manappuram
Baring Private Equity Partners India and Sequoia Capital India have invested INR1.3 billion ($29 million) to increase their stake in Manappuram Finance, a non-bank financial company (NBFC) specializing in loans based on gold.
Lilliput founder says L Capital has submitted bid
Lilliput Kidswear’s founder and managing director claims to have received an offer for the struggling business from L Capital, the private equity arm of luxury goods giant LVMH. A sale would facilitate the exit of Bain Capital and TPG Capital.
Everstone in talks with Indian spa salon operator
Everstone Capital is negotiating the purchase of a majority stake in Indian spa salon chain You Look Great (YLG). Helion Venture Partners, an existing investor in the company, is also participating in the talks.
Australia Music Group gets private equity lifeline
Revere Capital has injected funding into Australia Music Group (AMG) as part of internal restructuring efforts. Like many retailers in Australia, the company is struggling during a period of poor consumer sentiment.
TVS, IFC back Dunar Foods with $25m
TVS Capital and International Finance Corp. (IFC), the investment arm of the World Bank, have invested INR1.24 billion ($25 million) for a minority stake in Indian basmati rice supplier Dunar Foods.
Gobi reaps 60% IRR on CIB trade sale
Venture firm Gobi Partners has reaped an IRR of 60% on the sale of its minority stake in Malaysian online games operator CIB Development to listed gaming company Asiasoft.
Cross-border consumer forces
A combination of risk and escalating valuations make some consumer-oriented investors wary of Indonesia. Building a scalable brand elsewhere in the region is a lower-risk route into the country
Infrastructure: Big market, slow progress
Indonesia’s substandard infrastructure represents a huge investment opportunity and the government is taking steps to ensure foreign players can participate. However, returns will only come to those who wait
Aureos boosts NEP with $5m
Aureos South-East Asia Managers has injected $5 million in Malaysian water filtration company NEP to help expand its water filter rental scheme to China and throughout the ASEAN region.
Khazanah exits India’s Yes Bank
Malaysian sovereign wealth fund Khazanah Nasional has sold the 4.2% stake it acquired from ChrysCapital and other investors in India’s Yes Bank for INR5.3 billion ($106 million).
Providence buys Hathway Cable stake
US-based private equity firm Providence Equity Advisors has jointly invested INR3.58 billion (US$71.36 million) with Macquarie Bank for a 17.3% stake in India’s Hathway Cable & Datacom.
VC-backed video sites Youku, Tudou announce merger
Youku and Tudou, China’s leading online video companies - both of which are US-listed - will merge in a 100% stock-to-stock to transaction worth over $1 billion. The combined entity will be the country's biggest video platform with a more than 35% market...
Haitong to revive Hong Kong IPO in April
Haitong Securities, China’s second largest brokerage by assets, will once again seek to list on the Hong Kong Stock Exchange, with a fundraising target of $1.5 billion.
Blackstone, PAI prepare for United Biscuits carve-up
Private equity-owned United Biscuits, a one-time target of China’s Bright Food Group, is preparing to spin out its salty snacks business in a potential GBP500 million ($780 million) sale. The Blackstone Group and PAI Partners are keen to separate the...
Warburg Pincus, IFC commit $50m to Au Financiers
Warburg Pincus and International Finance Corp. (IFC) have jointly invested $50 million in Au Financiers, an Indian non-banking finance company. IFC’s participation means its stake in the company will remain the same, while Motilal Oswal Private Equity,...
J.P. Morgan names new global alternatives fund admin head
J.P. Morgan Worldwide Securities Services (WSS) has appointed Stephanie Miller to head up its global alternative investment services business. Reporting to Nick Rudenstine, global head of investor services for WSS, she will be responsible for the firm’s...
Kotak, ICICI, Intel-backed MCX makes solid debut
Multi Commodity Exchange of India (MCX), the first Indian exchange to get listed, had a strong debut on Friday, with its shares closing up 26% on the Bombay Stock Exchange.
VPCP and Citi back InvestLab with $10m
VantagePoint Capital Partners (VPCP) and Citigroup subsidiary Citi Ventures have led a $10 million Series A funding round for Hong Kong-based financial technology company InvestLab.
CVC’s Mantra on the block
Private equity house CVC Asia Pacific has put its 40% stake in Australian accommodation provider Mantra Group up for auction.
NAB-backed WOW in receivership
WOW Sight & Sound, an Australian electronics and AV retailer backed by National Australia Bank Integrated Capital Solutions, has gone into receivership.
Craftsman Automation seeks $20m from PE investors
Coimbatore-based auto component manufacturer Craftsman Automation is in talks with private equity investors to raise a corpus worth between INR850 million and INRI billion.