manufacturing
Pencarrow exits New Zealand's Icebreaker to US trade buyer
New Zealand’s Pencarrow Private Equity has agreed to sell its entire stake in Icebreaker, a domestic clothing brand that specializes in outdoor winter apparel, to US-listed competitor VF Corporation.
Everstone to buy India's Kenstar
The Everstone Group has agreed to buy Indian home appliance maker Kenstar from the Videocon Group.
MBK makes tender offer for Japan's Kuroda Electric
MBK Partners has submitted a tender offer for Kuroda Electric – a Japanese electronic components manufacturer that has been under pressure from an activist shareholder – that values the company at approximately JPY102 billion ($895 million).
China Everbright, Walden launch semiconductor fund
China Everbright and venture capital firm Walden International Group have jointly launched a $500 million fund focused on semiconductors and industrial technology.
KKR sweetens tender offer for Japan's Hitachi Kokusai
KKR has improved its tender offer for Japanese high-tech manufacturer Hitachi Kokusai Electric after the process, which was announced in April, stalled due to share price volatility.
Goldman backs South Korean bakery ingredients maker
Goldman Sachs has invested KRW34 billion ($29.9 million) in Korean specialty food ingredients manufacturer Sun-in.
VCs commit $6.6m to Japan's Skydisc
Skydisc, a Japan-based company that provides hardware for internet-of-things (IoT) and artificial intelligence (AI) applications, has raised JPY740 million ($6.6 million) from a group of VC firms, including existing backers Nissay Capital and Archetype...
PE-backed Amber Enterprises files for India IPO
Amber Enterprises, an India-based air conditioner manufacturer backed by ADV Partners, has filed for an IPO to raise INR5.6 billion ($84.8 million).
China flexible display developer gets $800m in equity, debt funding
Royole Corporation, a China-based flexible display technology developer, has completed its Series D funding round with $240 million in commitments from a group of local investors and also raised $560 million in debt financing.
Dymon invests $15m in Malaysia bottled water company
Singapore-based Dymon Asia Private Equity has agreed to acquire a 13% stake in Malaysia-based and Myanmar-listed bottled water producer Spritzer for about MYR63 million ($15 million).
Deal focus: Tonbo looks to move beyond defense
WRV Capital is backing Tonbo Imaging, a provider of night vision technology to the Indian military, as it expands into new markets
India's Power2SME receives $36m Series E
Power2SME, an Indian online services provider for companies in the manufacturing space, has received $36 million in Series E funding, primarily from existing VC investors.
Warburg Pincus-backed D&J China raises $180m
Warburg Pincus has led a $180 million Series D funding round in business park developer D&J China as part of a domestic operational expansion.
VCs invest $17m in Indian night vision company
Tonbo Imaging, an Indian night vision technology specialist serving the defense, surveillance and transportation safety markets, has received $17 million in Series B funding led by US-based WRV Capital.
Australia's Advent sells Integrated Packaging to Pro-Pac
Australian mid-market GP Advent Partners has agreed to sell Integrated Packaging Group (IPG), an industrial and agricultural packaging business, to listed counterpart Pro-Pac in a deal worth A$177.5 million ($142.9 million).
Carlyle set for partial exit from Japan's Tsubaki Nakashima
The Carlyle Group has agreed to reduce its stake in Japan-listed manufacturing industry equipment supplier Tsubaki Nakashima from about 47% to 2.4%.
FountainVest to buy German turbocharger business
China’s FountainVest Partners has agreed to acquire 100% of Bosch Mahle Turbo Systems (BMTS), a German automotive industry supplier with an existing production and sales presence in Shanghai.
MSPEA backs $172m take-private bid for China auto parts player
Morgan Stanley Private Equity Asia (MSPEA) and the chairman of China Automotive Systems have submitted a take-private offer worth approximately $172 million for the NASDAQ-listed power steering components supplier.
TPG invests Indian shoe company
TPG Growth - the middle market investment platform of TPG Capital - has joined QRG Enterprises, the family office of India’s Havellis Group in backing local shoe supplier Campus Activewear.
Anacacia-owned Big River makes timber bolt-on
Big River Industries, an Australia-based construction materials manufacturer that Anacacia Capital took public three months ago, has bought industry peer Midcoast Timbers.
Alibaba, InnoSpring launch China accelerator
InnoSpring and Alibaba Group have jointly launched an accelerator program in China with a view to helping international start-ups access Chinese markets and ecosystems.
Mandarin acquires Italian ceramics business
Europe-Asia cross-border private equity firm Mandarin Capital Partners has acquired a 100% stake in Italian household ceramics supplier Elios Ceramica.
EmergeVest secures 2x return on first exit
EmergeVest, a Hong Kong-based boutique PE firm established by two former executives from HSBC’s Asia principal investments division, has secured its first exit with the sale of apparel supplier JD United Manufacturing (JDU) to Taiwan-listed Roo Hsing....
Deal focus: KKR hits the gas on Korea auto carve-out
KKR has backed two divisions of Korea's LS Group - worth a combined $940 million - giving it exposure to an established auto parts business and a division that could prosper on the back of the electric car boom