manufacturing
MSPEA backs Indian medical devices, health foods businesses
Morgan Stanley Private Equity Asia (MSPEA) has completed two investments in India, committing INR1.6 billion ($25.1 million) to medical devices business Sahajanand Medical Technologies (SMT) and INR1.52 billion to health foods producer Southern Health...
Deal focus: VIG sees stability in shoes
Korea's VIG Partners completes its second OEM deal in six months with the $207 million acquisition of Youyoung, a supplier of materials used in running shoes
Hony launches $300m Belt and Road fund, invests in Kazakhstan
Hony Capital has partnered with its portfolio company China Glass Holdings (CGH) to launch a $300 million fund that will invest in glass production projects in countries covered by the One Belt One Road (OBOR) initiative.
VIG buys Korean sports shoe materials supplier
VIG Partners has acquired Youyoung, a Korea-based supplier of materials used in running shoes, for an enterprise valuation of KRW220 billion ($207 million).
China semiconductor fund agrees to invest $400m in local chip maker
State-backed private equity investor China Integrated Circuit Industry Investment Fund (IC Fund) has agreed to buy an approximately 19% stake in domestic computer chip maker Hua Hong Semiconductor for $400 million.
Japan's Polaris sells power equipment supplier
Polaris Capital has agreed to sell Yodogawa Transformer, a Japanese power generation and equipment services company it acquired in early 2016, to Orix Rentec Corp.
Carlyle sells Japan's AvanStrate to Vedanta Resources
Vedanta Resources, a metals and mining company founded in India and now headquartered in London, has agreed to assume control of Japanese LCD glass manufacturer AvanStrate from The Carlyle Group.
AVCJ Awards 2017: Deal of the Year - Large Cap: Yingde Gases
PAG Asia Capital stole a march on the competition to secure a $2.7 billion take-private of China’s Yingde Gases, dealing with feuding shareholders and complex financing along the way
PE-owned Global A&T Electronics files for bankruptcy
Global A&T Electronics, a Singapore-headquartered provider of assembly and test services for semiconductor chips that is controlled by Affinity Equity Partners and TPG Capital, has filed for bankruptcy in the US.
MBK completes tender offer for Japan's Kuroda Electric
MBK Partners has completed its tender offer for Japanese electronic components manufacturer Kuroda Electric, having received support from more than 50% of shareholders for the JPY102 billion ($895 million) deal.
Japan's J-Star completes final exit from debut fund
J-Star has exited the last portfolio company in its debut fund, selling Taiheiyo Seiki Holding – a manufacturer of parts for construction machinery – to a subsidiary of Takitai Group for around $28 million.
Ekuinas buys Malaysia's Davex for $63m
Malaysian government-backed PE firm Ekuinas has acquired domestic lighting design company Davex for MYR255 million ($62.5 million).
Baring sells Korea's Halla Cement to trade buyer
Baring Private Equity Asia has finalized an agreement to sell its majority stake in Korean construction materials business Halla Cement to Asia Cement.
GTI-backed Sandhar files for India IPO
Indian auto components maker Sandhar Technologies has filed for an IPO that will provide an exit for its private equity backer GTI Capital.
KKR completes tender offer for Japan's Hitachi Kokusai
KKR has completed its tender offer for Japanese high-tech manufacturer Hitachi Kokusai Electric, having surpassed the 24.1% shareholder support required for the JPY322 billion ($2.9 billion) deal to proceed.
Paragon part-exits India's Capacite for $14m
Paragon Partners has made a partial exit from Indian construction firm Capacite Infraprojects - which went public earlier this year - for INR876 million ($13.6 million).
STIC buys stake in Korean telecom equipment maker
STIC Investments will take a 25.18% stake in Winnercom, a South Korean manufacturer of telecom equipment and automobile components, as part of Humax’s acquisition of the company.
KKR improves offer for Japan's Hitachi Kokusai a second time
KKR has increased its tender offer for Japanese high-tech manufacturer Hitachi Kokusai Electric for a second time, valuing the company at approximately JPY322 billion ($2.9 billion), up from JPY298 billion.
Asia GPs back $107m Series B for Divergent 3D
A group of Asian GPs including Hong Kong tycoon Li Ka-shing's Horizons Ventures has backed a Series B round of up to $107 million for US electric vehicle (EV) industry supplier Divergent 3D.
Accel invests $15m in Indian fashion retailer
Accel Partners has invested about INR1 billion ($15.3 million) in Universal Sportsbiz (USPL), an Indian fashion retailer that focuses on sports apparel under the name Collectabillia.
Asia Cement named preferred bidder for Baring-owned Halla
Asia Cement, a mid-tier Korean construction materials producer, has been selected as the preferred bidder for Halla Cement, which Baring Private Equity Asia put up for sale earlier this year.
VC-backed Razer raises $504m in Hong Kong IPO
Razer, a manufacturer of gaming peripherals with several venture capital backers, has raised HK$3.93 billion ($504 million) in its Hong Kong IPO.
SCPE to buy stake in Singapore-listed crane business
Standard Chartered Private Equity (SCPE) has offered to buy a stake of unspecified size in Tat Hong Holdings in a deal that values the Singapore-listed crane and heavy equipment supplier at approximately S$376 ($277 million).
TPG invests in Korean vinyl tile producer
TPG Capital has agreed to take a significant minority stake in Nox Group, a Korea-based manufacturer of luxury flooring materials. The size of the investment was not disclosed.