Consumer
Hawkesbridge seeks Australian bottled water company exit
Hawkesbridge Capital is seeking a potential buyer for Noble Beverages, the Australian company behind the bottled water brand Pureau.The Sydney-based private equity firm made a succession play for the family-owned company back in 2004, acquiring a majority...
Tencent leads $150m financing round for Fab.com
Chinese internet group Tencent has led a $150m round of investment for US online design store Fab.com, in a fourth round of financing which is yet to close. The deal values the company at $1 billion, not including new capital raised.
Carlyle to exit Yashili stake to China Mengniu Dairy
The Carlyle Group has agreed to sell its 24% stake in Yashili International to domestic rival China Mengniu Dairy for about HK$3 billion ($387 million). This is part of a Mengniu bid for a majority interest in Yashili - its second lateral investment...
China.com to sell LP stake in New Horizon fund to AlpInvest
China.com, a news agency listed on Hong Kong Growth Enterprise Market (GEM) board, will sell its entire stake in New Horizon Capital IV to AlpInvest Partners for $516,000.
Orix, Perigon to make partial exits from Air Asia X via IPO
Orix Corp. and Perigon Advisory will make partial exits from regional budget carrier AirAsia's long-haul subsidiary through an IPO that is targeting up to $370 million.
Safety first: Investing in China's food supply chain
Driven by rising disposable incomes and lower confidence in food safety, Chinese consumers are willing to pay a premium for quality. PE firms have identified the opportunity, but taking it can be difficult
Intel Capital commits $16m to Asia e-commerce
Intel Capital, the VC arm of Intel Corp, has invested a total of $16 million in Asia e-commerce, backing India's Snapdeal.com and Bright Lifecare, while upping its stake in Singapore's Reebonz.com. It did not disclose the size of individual commitments....
Regulator blocks Anacacia exit of Rafferty's to Heinz
Anacacia Capital’s sale of baby-food producer Rafferty’s Garden to H.J. Heinz has been blocked by the Australian Competition and Consumer Association (ACCC). The regulator decided that the transaction would give Heinz an unfairly dominant market position....
CVC eyes IPO for Indonesian cable operator LinkNet - report
LinkNet, the Indonesian cable television and broadband operator in which CVC Capital Partners holds a 49% stake, is reportedly targeting an IPO this year. It would be the second share offering in 2013 by one of the private equity firm’s Indonesia-based...
Nexus invests $2.5m in Housing.co.in
Nexus Venture Partners will back Indian real estate search portal Housing.co.in with $2.5 million in funding to help expand its technology and data teams.
China Haitong Securities PE arm eyes buyout funds – report
Haitong Capital Investment, the PE arm of China Haitong Securities, is expected to launch its first renminbi- and US dollar- denominated buyout funds, targeting at least $526 million.
ChrysCapital invests $44m in Indian FMCG CavinKare
ChrysCapital Partners has invested INR 2.5 billion ($44 million) to buy a minority stake in Indian consumer goods producer CavinKare.
Billabong turns to refinancing options as buyout talks falter
Embattled Australian surfwear company Billabong has discarded the possibility of a takeover by two PE-backed suitors and is now looking at asset sales and alternative means of refinancing its debt. The private equity firms involved in the bids – Altamont...
Banks put up $7b for PE-backed Shuanghui's Smithfield deal – report
Bank of China and Morgan Stanley will provide $7 billion in financing for PE-backed Shuanghui International’s buyout of a US pork producer Smithfield Foods. The proposed deal, which values Smithfield at $7.1 billion including debt.
PE-backed Chinese horse breeder gets Series B round
China’s largest non-farming horse breeder and horse feedstock trader has received RMB45 million ($7.3 million) from CDF Capital as part of a Series B round of funding. This comes nine months after the company’s RMB120 million Series A round, half of which...
Warburg Pincus co-president targets emerging markets consumer, tech – AVCJ Forum
Warburg Pincus sees investment potential at the nexus of consumer and technology as it looks to increase its activity in emerging markets. China is set to feature strongly, but so too will India, Brazil, and central and eastern Europe.
CDH, Goldman-backed Chinese pork producer bids for Smithfield
Shuanghui International, a Chinese pork producer that counts CDH Investments and Goldman Sachs among its investors, has offered $4.7 billion in cash for US-based Smithfield Foods. The proposed deal, which values Smithfield at $7.1 billion including debt,...
Silver lining: Investing in Asia's elderly
An established investment trend in developed markets, private equity players in emerging Asia are considering how they can best meet the needs of the region’s aging population
Panasonic's healthcare business to attract 10 PE bidders - report
Around 10 private equity firms and a handful of strategic investors are expected to enter first-round bids for Panasonic's healthcare unit.
Rocket Internet's Asian fashion startup raises $100 million
Zalora, a Hong Kong-based online fashion and beauty retailer owned by German VC firm Rocket Internet, has closed a $100 million round of financing from Investment AB Kinnevik, Verlinvest and return backers Summit Partners and Tengelmann Group - which...
AMCG invests $30m in Chevalier for Moraitis acquisition
Asia Mezzanine Capital Group (AMCG) has invested in $30 million in Chevalier International Holdings, aiding its acquisition of Australia's Moraitis, a fruit and vegetable wholesaler backed by Catalyst Investment Managers. AMCG provided the financing via...
Sequoia leads $5m investment in Indian energy drink maker
Sequoia Capital, Catamaran Investment and FootPrint Ventures have put $8 million (INR 440 million) into Hector Beverages, owners of energy drink brand Tzinga.
Macquarie exits Taiwan Broadband as IPO raises $1.1b
Two funds run by Macquarie have exited Broadband Communications after the Taiwan pay-TV operator’s holding company raised S$1.39 billion ($1.1 billion) through an IPO. The offering by Asian Pay Television Trust (APTT) – of which Broadband Communications...
IFC to invest $17m in India's Parag Milk Foods
Indian dairy company Parag Milk Foods is set to receive $17 million from International Finance Corporation (IFC). The capital will be used to expand milk processing projects in the regions of Manchar and Palamner.