Consumer
New Silk Route mulls Adiga's deal
Growth capital firm New Silk Route Partners is in talks to buy a sizable stake in Adiga's, a chain of south Indian vegetarian restaurants and fast food joints.
DCM, Sequoia-backed Vipshop drops 15% on NYSE debut
Vipshop Holdings, a Chinese online retailer backed by Doll Capital Management (DCM) and Sequoia Capital, saw its stock close down 15% on its March 23 trading debut. The company priced its IPO on the New York Stock Exchange at $6.50, 23% below the indicated...
Warburg Pincus, TPG-backed Neiman Marcus enters China
Neiman Marcus Group, the US luxury retailer owned by Warburg Pincus and TPG Capital, has invested $28 million for a minority stake in Hong Kong-based luxury e-commerce site Glamour Sales.
PremjiInvest invests $24m in India's Trent
PremjiInvest, the private equity vehicle backed by Wipro Group chairman Azim Premji, has channeled INR1.2 billion ($24 million) into Trent, the retail arm of Indian conglomerate Tata Group.
Lunar Capital gets 60% stake in Chinese beverage brand
Lunar Capital Management has acquired a majority interest in Sichuan Zhiqiang Group, an integrated food manufacturer located in western China, in a deal worth up to $50 million.
Indonesian Pay-TV operator revives $400m IPO plan
PT MNC Skyvision, a unit of media group PT Global Mediacom and the largest pay TV company in Indonesia, will once again seek to raise up to $400 million via an initial public offering in June, in a bid to tap opportunities brought about by a rise in consumer...
Carlyle, Everstone join race for Thomas Cook India - report
The Carlyle Group, Everstone Capital, TA Associates and Bravia Capital have joined the likes of KKR and Actis in competing for Thomas Cook India.
Lilliput founder says L Capital has submitted bid
Lilliput Kidswear’s founder and managing director claims to have received an offer for the struggling business from L Capital, the private equity arm of luxury goods giant LVMH. A sale would facilitate the exit of Bain Capital and TPG Capital.
Everstone in talks with Indian spa salon operator
Everstone Capital is negotiating the purchase of a majority stake in Indian spa salon chain You Look Great (YLG). Helion Venture Partners, an existing investor in the company, is also participating in the talks.
Australia Music Group gets private equity lifeline
Revere Capital has injected funding into Australia Music Group (AMG) as part of internal restructuring efforts. Like many retailers in Australia, the company is struggling during a period of poor consumer sentiment.
TVS, IFC back Dunar Foods with $25m
TVS Capital and International Finance Corp. (IFC), the investment arm of the World Bank, have invested INR1.24 billion ($25 million) for a minority stake in Indian basmati rice supplier Dunar Foods.
Gobi reaps 60% IRR on CIB trade sale
Venture firm Gobi Partners has reaped an IRR of 60% on the sale of its minority stake in Malaysian online games operator CIB Development to listed gaming company Asiasoft.
Cross-border consumer forces
A combination of risk and escalating valuations make some consumer-oriented investors wary of Indonesia. Building a scalable brand elsewhere in the region is a lower-risk route into the country
Blackstone, PAI prepare for United Biscuits carve-up
Private equity-owned United Biscuits, a one-time target of China’s Bright Food Group, is preparing to spin out its salty snacks business in a potential GBP500 million ($780 million) sale. The Blackstone Group and PAI Partners are keen to separate the...
CVC's Mantra on the block
Private equity house CVC Asia Pacific has put its 40% stake in Australian accommodation provider Mantra Group up for auction.
NAB-backed WOW in receivership
WOW Sight & Sound, an Australian electronics and AV retailer backed by National Australia Bank Integrated Capital Solutions, has gone into receivership.
Harvey Norman and Specialty Fashion top targets for PE – Citi
Australian retailers Harvey Norman and Specialty Fashion Group are strong targets for a private equity takeover, according to Citigroup.
Mekong Capital to launch $150m fund
Private equity firm Mekong Capital plans to launch a new fund with a target of $150 million to tap opportunities in Vietnam’s fast-growing consumer sector.
Ascent invests $10m in Indian online grocery store
Ascent capital has committed $10 million to a series A funding round for Bigbasket.com, an Indian online grocery store. The transaction is said to be the largest ever Series A round for an e-commerce company as well as the first institutional investment...
L Capital to invest $150m in Raymond Apparel - report
L Capital Asia, the private equity arm of LVMH, the world's largest luxury goods group, is said to be in talks to invest INR7.5 billion ($150 million) in Indian clothes company Raymond Apparel.
IREIFS Partners re-opens Bangkok office
Paris-based IREIFS Partners Private Equity is reopening its offices in Bangkok to tap opportunities in Thailand’s tourism industry, six years after withdrawing from the market.
Avigo-backed Spykar on the block
Avigo Capital Partners has put Spykar Lifestyle up for sale. The private equity firm, which targets investments in small- and medium-sized enterprises, acquired a 60% stake in the Indian apparel chain less than a year ago.
Premji invests $25m in Fabindia
Premji Invest, the $1 billion private equity vehicle backed by Wipro Group chairman Azim Premji, has invested INR1-1.25 billion ($20-25 million) for a 7% stake in Indian fashion company Fabindia.
Accel and Tiger Global boost Zansaar with $6m
Accel Partners and Tiger Global have invested $6 million in Bangalore-based e-commerce start-up Zansaar.com to support the brand’s organic growth.