Sectors
Shaw Kwei in take-private deal for Singapore electronics firm
Shaw Kwei & Partners has delisted electronics manufacturer Beyonics Technology from the Singapore Stock Exchange. This follows a $110 million buyout by Channelview Investment, a subsidiary of the private equity firm.
CVC-backed Cellnet on hunt for tech bolt-ons - report
Private equity firm CVC has reportedly begun searching for tech start-ups to bolt on to its Australian mobile accessories distributor, Cellnet.
L Capital plans $1b Asia fund
L Capital Asia, the private equity arm of French luxury goods conglomerate LVMH, could start raising a new fund of more than $1 billion this year.
First Eastern backs Sustainable Development Capital
First Eastern Investment Group, a Hong Kong-based investor with interests in private equity and venture capital, has acquired a minority stake in Sustainable Development Capital (SDCL). The two firms have also set up an Asia-focused joint venture.
APN in exclusive negotiations with Quadrant Private Equity
APN News & Media has entered into exclusive negotiations with Quadrant Private Equity concerning its outdoor advertising business. It comes after a strategic review concluded that the asset shouldn’t be sold but that further investment was required...
Jacob Ballas commits $20m to Indian engineering company
Jacob Ballas Capital India has aggreed to pay INR1 billion ($20.29 million) for a minority stake in DBM Geotechnics and Constructions, an Indian engineering infrastructure firm.
China Development Financial targets RMB fund
Taiwan-based China Development Financial Holding (CDFH) plans to launch a renminbi-denominated private equity fund as part of efforts to expand its asset management business in China.
L Capital buys Wolfensohn's Fabindia stake
L Capital Asia, the private equity arm of LVMH, has bought Wolfensohn Capital Partners' 8% stake in Indian fashion company Fabindia. The company, which is seeking capital to fund expansion, has been talking to potential investors for months.
CIC loses real estate head after just two months
Patrick Wu, head of real estate at China Investment Corp. (CIC), resigned last week after just two months in the job. It follows others changes at senior management level in the sovereign wealth fund's real estate division.
MBK's CNS exit stalled for third time
MBK Partners’ exit from Taiwanese media group China Network Systems (CNS) may again face delays, as regulators have asked the buyer to provide more information about intentions for the asset.
NVP channels $15m into Manthan Systems
Norwest Venture Partners (NVP) has led a $15 million Series C funding round for Indian business intelligence and analytics solutions provider Manthan Systems.
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...
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...
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...
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...