Consumer

Carlyle set for another partial exit from Japan's Chimney

The Carlyle Group is set to reap up to JPY14.3 billion ($145 million) through another partial exit from Japanese casual restaurant chain Chimney Corp, after agreeing to subscribe to a tender offer by liquor retailer Yamaya Corp. to acquire a 48.66% stake.

Temasek, Hopu participate in $213m China dairy investment

Temasek Holdings, Hopu Investment Management and three other investors will buy a 13.24% stake in Yashili International from China Mengniu Dairy for HK$1.6 billion ($213 million). Mengniu – which bought a controlling stake in Yashili earlier this year...

PE-backed Shuanghui eyes $6b HK IPO - report

Shuanghui International Holdings, the PE-backed Chinese meat processing company which recently acquired US pork producer Smithfield Foods, has reportedly hired six banks as sponsors for its intended $6 billion Hong Kong IPO next year.

Baidu, VC-owned Qunar ups US IPO target

Qunar, a Chinese-travel website majority-owned by internet search giant Baidu, has increased the indicative price range for its forthcoming IPO and is now expected raise as much as $155.4 million.

Affinity seals $123m dairy JV with Chinese SOE

Affinity Equity Partners has invested $123 million in a dairy farming joint venture with a Chinese state-owned enterprise (SOE). It represents the 12th and final commitment from the GP’s third pan-Asian fund and comes as Fund IV is said be nearing a...

J-Star makes sweet exit from Tokachi

Gifts are a big part of Japanese tradition. Whether you are making an introduction, expressing thanks or simply marking a change in the seasons, an exchange of gifts is usually required. A large section of the country’s consumer sector relies on providing...

Affinity bets again on the protein theory

Having bought New Zealand poulty producer Tegel Foods and Australian deli meats specialist Primo Smallgoods, Affinity Equity Partners’ third pan-regional fund is already heavily invested in the Asian “protein theory.” Both companies are looking...

Chinese game developer Boyaa plans $133m HK IPO

Boyaa Interactive, a Chinese developer of online board and card games backed by Sequoia Capital, intends to raise as much as HK1.03 billion ($133 million) through an IPO in Hong Kong. It is the third game developer to pursue a listing in the city this...

KKR considers bid for Australia's Regis Aged Care - report

KKR is said to be interested in buying Macquarie Group’s take in Regis Aged Care, one of Australia's largest private senior care home operators. There is significant private equity interest in the aged care space, which is seen as ripe for consolidation.

J-Star completes $6.6m exit of sweets maker Tokachi

J-Star has completed its exit of a 100% stake Japanese sweet maker Tokachi to Tokyo-listed Mediaflag in deal valued at JPY644 million ($6.6 million). According to sources familiar with the matter, the GP has generated a 1.3x return on its investment.

SAIF-backed HomeShop18 raises $14m round

Multimedia retailer HomeShop18 has raised another $14 million in funding from existing investors - Korea’s GS Home Shopping (GS), hedge fund OCP Asia and parent company Network18. SAIF Partners invested $26 million in 2008 for over 25% of the company.

Quadrant eyes aged care consolidation

Quadrant Private Equity completed its exit from New Zealand retirement village operator Summerset last week but demographics remain a prominent theme in the firm’s portfolio with the acquisition of Estia Health, an Australian aged-care provider.

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India e-commerce: Sink or swim

India’s e-commerce sector is in the midst of consolidation. VC money continues to flow to the larger players but even they are examining their business models in a climate of higher operating costs

Baidu, VC-backed Qunar sets terms for $127m US IPO

Qunar, a Chinese-travel website majority-owned by internet search giant Baidu, is seeking to raise up to $127.8 million through its NASDAQ IPO. The company is also backed by GSR Ventures and GGV Capital, neither of which will sell any shares in the offering.

Chinese online marketplace 58.com sets terms for $165m US IPO

Chinese online marketplace 58.com is seeking raise up to $165 million through its New York Stock Exchange IPO. The company’s venture capital investors – Warburg Pincus, SAIF Partners and DCM – will not sell any of their shares in the offering.