manufacturing
India Value Fund completes partial exit from Mahindra CIE
India Value Fund Advisors (IVFA) has completed a partial exit from Mahindra CIE Automotive, selling a third of its stake for about INR1.3 billion ($21 million).
Jafco exits shredder maker to Japan Industrial Solutions
Jafco has exited Meiko Shokai, a Japanese manufacturer of document shredders, to turnaround specialist Japan Industrial Solutions (JIS) for an undisclosed sum.
CITIC Capital exits Japanese bone china maker Narumi
CITIC Capital Partners has exited Japanese bone china and tableware manufacturer Narumi Corporation to Ishizuka Glass for JPY4.3 billion ($36.2 million).
Hahn & Co leads $3.6b acquisition of Visteon's Korean unit
US auto parts maker Visteon Corp. has agreed to sell a 70% stake in its South Korea-based subsidiary Halla Visteon Climate Control Corp. (HVCC) to Hahn & Co. and Hankook Tire for around $3.6 billion.
Australia's Bradken opens books to PE suitors
Australian mining industry supplier Bradken has agreed to open its books to Pacific Equity Partners (PEP) and Bain Capital following the private equity firms’ offer to buy the company.
Oman-India fund commits $15.3m to India's GSO Crop Science
The Oman India Joint Investment Fund (OIJIF) has invested INR950 million ($15.3 million) in GSP Crop Science, an Indian agro-chemicals company.
Riverside debuts in SE Asia with Malaysia chemicals deal
The Riverside Company has bought Malaysian chemical distributor Drex-Chem Malaysia (DCM) for an undisclosed sum in its first ever Southeast Asia investment.
AVCJ Awards: Deal of the Year - Large Cap: Nanfu Battery
CDH Investments’ acquisition of Nanfu Battery is a rare carve-out from a multinational in China, and an even rarer example of a PE firm returning to back a former portfolio company
Carlyle, Unison to exit Japan semiconductor firm Covalent
The Carlyle Group and Unison Capital are to exit their stake in Covalent Materials, a Japanese semiconductor materials manufacturer, to US ceramics group CoorsTek.
Hony makes partial exit from Zoomlion via buyback
Zoomlion Heavy Industry Science & Technology, China’s biggest construction equipment marker, has agreed to buy back a 2.19% stake in itself from Hony Capital for RMB843 million ($136 million).
PEP, Bain offer $731m for Australia's Bradken
Pacific Equity Partners (PEP) and Bain Capital have made an offer for mining industry supplier Bradken that values the Australia-listed company at approximately A$872 million ($731 million).
Samyang named as SCPE partner in Korean packaging deal
South Korean conglomerate Samyang Corporation has emerged as Standard Chartered Private Equity’s (SCPE) in the acquisition of a packaging business from another conglomerate, Hyosung Corporation.
Visteon confirms PE talks over Korea divestment
US auto parts maker Visteon Corp. has confirmed it is in negotiations with private equity firm Hahn & Co. over the potential sale of its South Korea-based subsidiary Halla Visteon Climate Control Corp. (HVCC).
Blackstone agrees $653m carve-out of Orica's chemicals business
The Blackstone Group has agreed to buy the chemicals division of Orica, an Australian supplier of explosives and blasting equipment to the mining industry, for A$750 million ($653 million).
CITIC Capital exits Japan's Higashiyama Film to Otsuka Chemicals
CITIC Capital Partners has exited Japan's Higashiyama Film, a maker of coated films for touch screens and flat panel displays, to Otsuka Chemical.
Investigation uncovers suspected fraud by ex-boss of NVC Lighting
NVC Lighting, a Chinese lightning products manufacturer backed by SAIF Partners and Goldman Sachs, says it has uncovered information suggesting that its founder and ex-CEO falsely obtained bank loans worth RMB629 million ($102.8 million) on the company’s...
Bain nets $400m through part-exit from India's Hero MotorCorp
Bain Capital has completed a second partial exit in five months from Indian motorcycle manufacturer Hero MotorCorp, raising INR24.5 billion ($400 million).
SCPE backs acquisition of Korean packaging business
Standard Chartered Private Equity (SCPE) is participating in the KRW415 billion ($396 million) acquisition of South Korean conglomerate Hyosung Corporation’s packaging business.
Australia's CHAMP PE to buy Nuplex assets for $112m
CHAMP Private Equity has agreed to buy New Zealand-based Nuplex Industries’ distribution and plastics additives businesses for A$127.5 million ($112 million).
Shaw Kwei to support German manufacturer in China expansion
Shaw Kwei & Partners has invested $40 million in German equipment manufacturer Schmid Group to support the company’s expansion domestically and in China.
China's CDH agrees Nanfu Battery carve-out from P&G
CDH Investments has agreed a buy Fujian Nanping Nanfu Battery, China’s leading manufacturer of alkaline batteries, from Procter & Gamble (P&G) in one of the largest PE corporate carve-outs ever seen in the country.
MSPEA-backed Tianhe drops on resumption of trading
Morgan Stanley Private Equity Asia (MSPEA) portfolio company Tianhe Chemicals saw its stock drop 43% on resumption of trading in Hong Kong following allegations of fraud. Tianhe issued a lengthy rebuttal of the allegations, while simultaneously announcing...
IFC to invest $100m in India's Bilt Paper
International Finance Corporation (IFC) has agreed to acquire a 14.29% stake in Bilt Paper, a subsidiary of Indian paper manufacturer Ballarpur Industries, for $100 million.
Southern Capital agrees $180m Singapore engineering carve-out
Southern Capital Group has agreed to acquire a majority stake in United Engineers’ Singapore-listed engineering and construction division for S$230.2 million ($180 million) in cash.