Consumer
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.
China parenting site raises $24m from IDG, Banyan
Banyan Capital and IDG Capital Partners have invested RMB 150 million ($24 million) in BeiBei, a Chinese online discount retail platform for maternity and baby products.
Fosun, Ardian withdraw Club Med bid
Chinese conglomerate Fosun International and Ardian Private Equity have withdrawn their takeover bid for French-based vacation resorts operator Club Méditerranée (Club Med).
Fosun VC, CDH commit $16m to China travel site
Fosun Venture Capital Investment and return backer CDH Venture have invested in a RMB100 million ($16 million) Series B round of funding for Lailaihui, a Chinese online travel operator.