Consumer
PEP buys Nestle’s ice cream business
Australian private equity firm Pacific Equity Partners (PEP) has bought the Peters Ice Cream unit of Swiss food giant Nestle.
MBK no longer in running for Korea’s Hi-Mart
MBK Partners is no longer the preferred bidder for South Korean electronics retailer Hi-Mart, having walked away from the auction after due diligence uncovered a worse than expected decline in the business.
AIF invests in Southeast Asian consumer packaging firm
AIF Capital has completed a $40 million investment in Pacific Plas, one of the largest participants in Southeast Asia’s resin distribution and consumer packaging markets. AIF is the first private equity investor in the Singapore-based family-owned company.
Gresham in talks to sell Witchery to Country Road
Australia-listed fashion and homeware retailer Country Road has confirmed it is in talks with Gresham Private Equity about the potential acquisition of clothing brands Witchery and Mimco.
Standard Chartered PE acquires 13.5% stake in Trikomsel
Hong Kong-based Standard Chartered Private Equity has acquired a 13.5% stake in Trikomsel Oke, an Indonesian retailer of mobile telecommunications devices.
EB Private Equity abandons David Jones takeover bid
Little-known UK-based investor EB Private Equity has withdrawn its takeover bid for David Jones, Australia’s second-largest department store chain. The group initially submitted an offer of A$1.52 billion ($1.55 billion) in May and later increased it...
CVC buys into C.Banner’s organic growth story
Over the course of 17 years, C.Banner Holdings has become China’s third-largest ladies footwear retailer, building up a network of more than 1,800 outlets and four self-developed brands. Growth has been entirely organic: Chinese retailers habitually...
Hopu sees slim return on Mengniu investment
Four years on from the tainted milk scandal that cost the lives of six infants and hospitalized hundreds more, the memories still loom large over the dairy industry.
Billabong poised for takeover as share price tumbles
Australian surfwear retailer Billabong International saw its stock slump 36% when it resumed trading on Monday following a heavily discounted $225 million rights issue. The company is now worth less than one third of the value of TPG Capital’s A$841...
Bain buys half of Japanese TV shopping channel for $1.3b
Bain Capital will buy a 50% stake in Jupiter Shop Channel (JSC), a television shopping company, from Japan-based Sumitomo Corporation. Industry sources noted that the deal is worth JPY100 billion ($1.3 billion), which might be Japan's largest private...
Milestone backs China restaurant chain IPO
Milestone Capital Partners has agreed to become a cornerstone investor in Chinese restaurant chain Xiao Nan Guo’s Hong Kong IPO. The company is looking to sell 341.25 million shares at HK$1.50 to raise HK$511.5 million ($65.9 million). A Milestone subsidiary...
Carlyle seeks $1.9b Coates Hire refinancing
The Carlyle Group is in negotiations with banks to refinance the A$1.9 billion ($1.9 billion) in leverage used to purchase Australian equipment hire company Coates Hire.
MBK named preferred bidder for Korea’s Hi-Mart
MBK Partners has been chosen as the preferred bidder for South Korean electronics retailer Hi-Mart. The company said in a statement to the Korean Stock Exchange that its largest shareholder, Eugene Corp, had made the decision.
Unitas in timely bet on Korea’s outdoor market
As in most proprietary deals, timing was everything when it came to Unitas’ most recent investment. By fortuitous coincidence, the Asia-focused private equity firm approached Korean outdoor apparel and equipment manufacturer NEPA at the very moment...
CVC offloads $500m Formula One stake to Waddell & Reed
CVC Capital Partners has sold a $500 million stake in Formula One Group to Waddell & Reed. The move comes after the motor-sport franchise delayed its $3 billion Singapore IPO due to volatile market conditions.
CVC leads investment in HK-listed Chinese shoe company
CVC Capital Partners has led a PIPE investment in Chinese footwear company C.banner. China Consumer Capital Partners and MouseeDragon also participated in the round.
Burger King teams up with Cartesian to expand in China
Burger King is teaming up with New York-based Cartesian Capital and members of Turkey's Kurdoglu family to form a China joint venture that will open 1,000 restaurants nationwide in the next 5-7 years.
Hopu sells 6% stake in Chinese dairy firm Mengniu
Hopu Investment Management has sold its 6% stake in Hong Kong-listed Chinese daiy company China Mengniu Dairy for DKK1.7 billion ($289 million) to Denmark's Arla Foods.
Sony increases take in PE-backed India subsidiary
Sony Pictures Television, the international television production and distribution arm of Sony, has increased its stake in Indian subsidiary Multi Screen Media (MSM), which is also backed by private equity investor Capital International. Sony has agreed...
Unitas invests $164m in Korean outdoor brand
Unitas Capital has injected KRW190 billion ($162.4 million) into NEPA, a Korean outdoor apparel and equipment manufacturer and retailer, through a capital increase.
Qantas appoints Macquarie to defend against PE bids
Qantas Airways has hired Macquarie Group to set up an internal team “to advise on the defense against potential private equity bids,” a company spokesman has confirmed. The news prompted an 11% spike in the airline’s share price to A$1.08 during...
Sage Capital vehicle backs Chinese shoemaker Baofeng
Asia Equity Value, an investment vehicle advised by Sage Capital Global, has agreed to invest in Baofeng Modern International, a Hong Kong-listed Chinese footwear manufacturer.
Samara injects $32m in Monte Carlo Fashions
US-based private equity firm Samara Capital has invested INR1.75 billion ($32 million) for an 18% stake in India’s Monte Carlo Fashions.
Sequoia to reap 18% return on Cafe Coffee Day sale
Sequoia Capital India is targeting returns of 16-18% on its impending exit from Amalgamated Bean Coffee Trading, a unit of India’s Coffee Day Group.