Consumer
Navis returns for Dome Coffees refill
Having built a strong relationship with the management team at Dome Coffees Australia, Navis Capital Partners was comfortable with the notion of buying the specialty coffee and dining restaurant chain for a second time, 11 years after the first acquisition.
Portfolio: YPX and China casual dining
YPX Cayman was born out of an idea for a tech-style start-up in China's casual dining space. Backed by a string of investors, the firm is making headway with Cloud 9 and preparing to launch new concepts
Japan’s Relux raises $3.1m from Recruit Holdings, others
Japanese luxury hotel booking site Relux has raised JPY330 million ($3.1 million) from Recruit Holdings and other undisclosed investors.
PE-backed China Auto Rental to raise $467m in HK IPO
China Auto Rental, a car hire firm backed by Warburg Pincus, has set terms for a Hong Kong IPO that will raise up to HK$3.62 billion ($467 million).
Singapore Red Dot Payment complete Series A round
Wavemaker Pacific and GMO Global Payment Fund have taken part in a Series A round of funding for Singapore's Red Dot Payment, an online payment solutions provider. The financial details were not disclosed.
Carlyle, FountainVest pull out of China Shanda Games take-private
The Carlyle Group and FountainVest Partners have pulled out of the consortium backing a $1.9 billion bid to acquire US-listed Chinese games developer Shanda Games.
KKR completes full exit from China Modern Dairy
KKR has fully exited China Modern Dairy after a six-year holding period. The PE firm only held a small minority stake in the business, having made a substantial exit to China Mengniu Dairy last year.
Navis completes buyouts in Australia, Singapore
Navis Capital Partners has completed two buyouts, acquiring Singapore-based pipe cladding manufacturer Cladtek and Australian casual dining chain operator and franchisor Dôme Coffees Australia.
Polaris pays $86m for Japanese all-you-can-eat chain
Japanese mid-market buyout firm Polaris Capital has bought a 100% stake in all-you-can-eat restaurant chain Edoichi.
Affinity invests $314m in Virgin Australia frequent flyer business
Affinity Equity Partners will pay A$336 million ($314 million) for a 35% interest in Virgin Australia’s frequent flyer program in a move that allows the airline to shore up its balance sheet.
Bain-backed Skylark to raise $1.1b in Tokyo IPO
Skylark, the Japanese restaurant chain backed by Bain Capital, could raise as much $1.1 billion as it re-lists on the Tokyo Stock Exchange (TSX).
Fonterra to invest in PE-backed Chinese dairy firm
New Zealand dairy group Fonterra has agreed to acquire up to 20% of Beingmate Baby & Child Food, a PE-backed Chinese milk processor, for NZ$615 million ($515 million).
KKR invests $400m in Chinese chicken processor Sunner
KKR has agreed to pay $400 million for an 18% stake in Chinese chicken producer Fujian Sunner Development - the latest in a string of investments intended to leverage consumer demand for food quality and safety.
PE-backed Snowman launches India IPO
Snowman Logistics, the PE-backed cold chain unit of Gateway Distriparks, is aiming to raise up to INR1.97 billion after launching its India IPO this week - the first since the country voted in a new government last May.
SEAF India feasts on India fast food
India's fast-growing quick service restaurant (QSR) sector is one of the many symptoms of a country that is increasingly cash-rich and time-poor as its middle class swells.
China beauty portal Meilapp.com raises $20m
Morningside Technologies has led a $20 million Series B round of funding for Meilapp, a Chinese mobile portal devoted to cosmetics and skincare.
Ekuinas buys majority stake in Malaysian tanker company
Ekuinas, the Malaysian government-backed private equity investor, has agreed to acquire up to 95.5% of Orkim, one of the country’s largest clean petroleum product (CPP) tanker companies, for MYR346.3 million ($109 million).
Maybank leads $25m round for China casual dining platform
Maybank Private Equity has made its first investment in China, leading a $25 million Series D round of funding for YPX Cayman Holdings, which owns and operates Cloud 9, the mainland China licensee of a Taiwan casual dining chain.
Accel leads new round for India's TaxiForSure
Accel Partners has led a Series C round of investment for Indian car rental and taxi booking site TaxiForSure.com.
Alibaba leads Series B round for online education site
Myfriday.cn, a Chinese timetable social mobile app developer, has received a Series B round of funding led by Alibaba Group. Existing investors the Sequoia Capital and Ceyuan Ventures also participated.
China online liquor retailer Jiuxian gets $49m
Jiuxian.com, a Chinese online liquor store, has received a RMB300 million ($49 million) equity investment from China Development Bank International and other undisclosed investors.
CITIC Capital buys Chinese mattress maker
CITIC Capital Partners has acquired a controlling stake in King Koil Shanghai Sleep System, a Chinese mattress maker.
SEAF backs Indian fast food chain
SEAF India Investment Advisors has acquired a significant minority stake in the Kolkata-based Guha Roy Food Joint & Hotel, which runs biriyani fast food chain Only Alibaba and fried chicken brand Baked & Fried.
Advantage acquires Japan kitchenware provider
Japanese mid-market GP Advantage Partners has acquired FMI Corp, an Osaka-based provider of kitchenware products and services.