Industrial Technology Investment
INCJ-led consortium may thwart KKR’s Renesas pledge
Japanese state-sponsored fund Innovation Network Corp of Japan (INCJ) has formed a consortium with several local companies, which is said to be mulling making an offer of more than JPY100 billion ($1.3 billion) for the unprofitable Tokyo-listed chipmaker,...
Shareholder revolt at Actis-backed Halonix - report
Shareholders at halogen bulb and lamp manufacturer Halonix have reportedly complained to India’s market regulators that the company has violated the country’s Foreign Exchange Management Act.
SCPE backs Sri Lanka’s Abans with $40m - report
Standard Chartered Private Equity has reportedly invested $40 million in Sri Lankan family-owned business Abans.
Unison launches $104m offer for South Korea’s Nexcon
Japanese private equity firm Unison Capital has launched a KRW119.8 billion ($104 million) tender offer for Nexcon Technology, a manufacturer of products for lithium-ion secondary batteries.
Hong Kong’s ADM buys stake in Prista Oil
ADM Capital and the European Bank for Reconstruction and Development (EBRD) have provided EUR48 million ($62 million) of replacement capital for a 30% stake in Bulgaria’s Prista Oil Group.
KKR, Goldman back Indian logistics provider
Ford Motors sold nearly 100,000 cars in India last year and a further 22,000 units manufactured in the country were exported overseas. Every single component that went into each vehicle was handled by TVS Logistics.
Carlyle-backed AvanStrate nixes IPO again - report
AvanStrate, the Japanese LCD glass manufacturer owned by The Carlyle Group, appears to have called off its plans for a $266 million initial public offering for the second time in a year.
Carlyle reinitiates AvanStrate IPO
The Carlyle Group has re-initiated proceedings to list Japanese LCD glass manufacturer AvanStrate, thanks to improved stock market conditions in Japan.
Mayban Ventures to invest $399m over next five years
Mayban Ventures, the private equity arm of Maybank, Malaysia’s largest financial group, has announced plans to channel up to RM250 million ($399 million) into Asian deals over the next five years.
Standard Chartered injects $30m in Ecoplast - report
Standard Chartered Private Equity (SCPE) has boosted Ecoplast Technologies, the world’s second largest manufacturer of starch-based bioplastics, with a $30 million cash injection.
Morphlabs gets Series C capital from Japanese, Indonesian investors
Specialty cloud-computer software company Morphlabs has raised $5 million as part of a Series C round of funding from strategic partners BBT of Japan and a private, Indonesia-based investor group. It will use the funds to expand its operations in Southeast...