Sectors
Hudson Clean Energy invests in China's GSEI
Hudson Clean Energy Partners has purchased a minority stake in GSE Investment Corporation (GSEI), a Chinese company operating in the waste-to-energy and wastewater treatment space. Korean private equity player MBK Partners remains the firm’s majority...
Billabong suspends trading amid reports of TPG bid
Australian surf-wear manufacturer Billabong International has suspended trading amid reports that TPG Capital has tabled a buyout offer for the company. The move comes as Billabong looks for ways to manage a A$600 million debt pile, with net profit expected...
Baring completes partial exit from China's Yingde Gases
Baring Private Equity Asia has exited part of its stake in Hong Kong listed Yingde Gases through a block trade worth of HK$414 million ($53 million). The partial exit comes after a 40% gain in Yingde’s share price since October 2011.
IDG, Accel back GlamSmile Asia with $7m
IDG Capital Partners and Accel Partners have jointly invested $7 million for a 31.4% stake in GlamSmile Asia via a capital increase and the provision of replacement capital.
FGPI gives $41m cash boost to Aptuit Laurus
Fidelity Growth Partners India (FGPI), the India-focused the private equity arm of Fidelity Worldwide Investment, has invested INR2 billion ($40.6 million) in pharma company Aptuit Laurus.
Carlyle's Applus+ buys Australian inspection firm JDA
The Carlyle Group has acquired John Davidson and Associates (JDA), an Australian extraction industry services provider, through its portfolio company Applus+. The size of the transaction wasn’t disclosed but JDA had revenues of around EUR25 million ($32.9...
CPPIB in $1.8m mall deal with Australia's Westfield
Canada Pension Plan Investment Board (CPPIB) has bought a 45% stake in a portfolio of 12 US malls from Australian shopping mall owner Westfield Group for around $1.85 billion. It is CPPIB’s biggest real estate investment to date.
Yahoo, Alibaba deal talks flounder – reports
Negotiations between Yahoo and Alibaba over the US firm’s potential divestment of its stake in the Chinese e-commerce giant are said to have reached an impasse. There are conflicting reports as to the cause of problems, but some suggest it rests on whether...
Catalyst identifies proxy for resources boom
With investment in Australian natural resources soaring, miners are being dispatched to work on resources in locations so remote that just a few years ago extraction wasn’t deemed economically viable. Morris Corporation provides somewhere for them to...
IDG bets on potential e-commerce consolidator
Survival of the fittest is a concept that applies to almost every ambit and rings particularly true in the field of Indian e-commerce of late. Last week Flipkart.com, the country’s largest online retailer, backed by Tiger Global Management and Accel Partners,...
Private equity goes to the movies
The economic argument for co-producing films with Chinese partners is compelling, but does the private equity industry have enough local and Hollywood savvy to take advantage of it?
Frontier markets: Investing around Asia's edges
Private equity deal flow in Mongolia, Cambodia and Laos has gone from zero to a steady trickle. When can the region’s frontier markets turn this potential into real momentum?
CVC-backed Nine in talks to sell magazine business – reports
CVC Capital Partners-owned Nine Entertainment has held talks with Seven West Media over the potential sale of its ACP magazines division. The funds raised would help pay down some of the beleaguered company’s A$2.7 billion ($2.8 billion) in senior debt...
Goldman Sachs buys minority stake in Mongolian bank
Goldman Sachs has purchased a 4.78% stake in Trade & Development Bank of Mongolia, the country’s oldest bank. The company has previously received investment from Asian Development Bank and International Finance Corp. (IFC).
Goldman Sachs exits Hana in $331m sell down
Goldman Sachs has exited the remainder of its stake in South Korea's Hana Financial Group through a public market sell down worth $331 million.
Temasek backs US online ad startup
Temasek Holdings has led a $30 million round of investment in Marin Software, a San Francisco-headquartered advertising management platform. The company has now attracted more than $80 million from VC and PE backers.
IDG, SAIF inject $14m into Firstcry.com
IDG Ventures India and SAIF Partners have led a $14 million Series B round for Indian e-commerce start-up Brainbees Solutions, which runs the First Cry and GoodLife websites. The deal is thought to be one of India’s biggest venture investments in a specialized...
Unison nears $650m Showa Yakuhin Kako buyout - sources
Japanese private equity firm Unison Capital is reportedly in the final round of bidding for Showa Yakuhin Kako, a drug producer backed by Tokio Marine Capital.
Warburg Pincus poised to commit $50m to Indian NBFC
Warbug Pincus is closing in on a $50 million investment in Au Financiers, an Indian non-banking financial company. The deal provides a partial exit for existing investor Motilal Oswal Private Equity.
CapAsia acquired by US hedge fund
Singapore-based private equity infrastructure investor CapAsia has been acquired by The Rohatyn Group (TRG), a US-based hedge fund focused on emerging markets.
COLI, ICBC raise $230m for second China property fund
China Overseas Land & Investment (COLI) and ICBC International Investment Management have raised $230 million in initial capital for their Harmony China Real Estate Fund II. The vehicle's full target is $500 million.
L Capital invests in Chinese fashion company - updated
L Capital Asia, the private equity unit of multinational luxury giant LVMH, has invested $200 million in Trendy International Group, a Chinese casual-wear company, contrary to an earlier report in the South China Morning Post that put the price at $2...
L Capital expands China portfolio with $2b investment
L Capital Asia, the private equity unit of multinational luxury giant LVMH, has reportedly purchased a 10% stake in China fashion company Ochirly for US$2 billion. It is another indication of the brand’s ambition to expand its portfolio in the world's...
Chinese government backs Sino-Hollywood movie fund
The Chinese government will support a new private equity fund set up to finance movie co-productions with foreign players in China. It is the first-ever state-backed film investment fund.