manufacturing
CTC Capital leads $72m round for China substrates specialist
Chinese semiconductor industry investor CTC Capital has led a first tranche of Series A funding of more than CNY 500m (USD 72.5m) for AaltoSemi, a local manufacturer of chip packaging substrates.
Platinum buys Australian building products supplier
Platinum Equity has agreed to carve out the Australasia business of global building products manufacturer Jeld-Wen Holding for approximately AUD 688m (USD 461m).
1Q analysis: Barely disguised weakness
Government guidance funds in China and Toshiba Corporation in Japan papered over obvious cracks in Asia private equity fundraising and investment. Nothing could hide the pain around exits
Deal focus: Bibo puts the smart into chassis
Tsinghua University spinout Bibo has stolen a march on its local rivals in developing a specific electric vehicle component that has a large addressable market and serves as an import substitution play
JIC Capital backs Japan's Hitachi Astemo
JIC Capital, the private equity unit of Japan Investment Corporation (JIC), has agreed to take a 20% stake in automotive components manufacturer Hitachi Astemo as part of a restructuring that will see Hitachi cede majority ownership.
Asia-Europe investor AGIC supports Danish electronics buyout
AGIC Capital, a specialist in Europe-China cross-border deals, has backed the acquisition of PR Electronics, a Danish manufacturer of signal processing equipment with an existing base in China.
TII, Premji to acquire India medical devices player
Tube Investments of India (TII) and Premji Invest have agreed to acquire medical instruments maker Lotus Surgicals for up to INR 3.5bn (USD 42.3m), providing an exit for Samara Capital.
Japan's Aspirant announces third exit in three weeks
Aspirant Group has sold Japan’s only offshore drilling contractor, Japan Drilling (JDC), to JX Nippon Oil Exploration Corporation for an undisclosed sum, marking its third exit in as many weeks.
CVC invests $155m in Indonesia gas company
CVC Capital Partners has committed USD 155m to Indonesia-listed Samator Indo Gas, the largest industrial and medical gas producer in the country.
China industrial supplies platform ZKH pursues US IPO
ZKH Group, a China-based industrial supplies platform backed by the likes of Eastern Bell Capital, Genesis Capital, Tencent Holdings, and Tiger Global Management, has filed to list in the US.
Blackstone completes exit from India's Sona Comstar
The Blackstone Group has completed a staged exit from India-listed automotive industry supplier Sona Comstar, selling its remaining 20.5% via bulk open market deals worth about USD 600m.
Xiaomi hits $1.3b second close on semiconductor fund
Xiaomi Private Equity Fund Management, a unit of Chinese smart phone maker Xiaomi, has achieved a second close of CNY 9bn (USD 1.29bn) on a semiconductor fund targeting CNY 10bn.
Japan construction software supplier gets $8.5m
Japan’s Ballas, a software provider focused on metals procurement for the construction industry, has raised an approximately JPY 1.2bn (USD 8.5m) round led by Global Brain.
Multiples leads $146m for Indian EV maker
India’s Multiples Alternate Asset Management has led a INR 12bn (USD 145.7m) investment in TI Clean Mobility, an electric vehicle (EV) subsidiary of engineering conglomerate Murugappa Group.
AVCJ Awards 2022: Operational Value Add: Sona Comstar
The Blackstone Group built a leader in India’s electric vehicle components space by combining – and then re-orienting – two traditional automotive players. Not even COVID-19 could stymie its progress
Portfolio: KKR and NVC China
KKR is targeting the short-video generation in the traditionally middle-aged world of home lighting fixtures with NVC China. But that hasn’t stopped the brick-and-mortar footprint from mushrooming
Carlyle launches tender offer for Japan's Iwasaki Electric
Iwasaki Electric, a Japanese lighting solutions provider that has worked on projects ranging from sports stadiums to hospitals, is set to be acquired by The Carlyle Group through a tender offer at a valuation of JPY 34.9bn (USD 266m).
MO Alts pays $48m for stake in Indian diaper maker
Motilal Oswal Alternates (MO Alts), formerly Motilal Oswal Private Equity, has invested INR 4bn (USD 48m) in India’s Pan Healthcare, a hygiene products maker best known for diapers.
Asia PE investment declines 40% in 2022
Asia private equity investment reached USD 223.9bn in 2023, a sharp decline from the USD 376.4bn recorded a year earlier, but still the second-largest annual total on record, according to provisional data from AVCJ Research.
Deal focus: L Catterton hitches a ride with Tenways
Electric bicycle brand Tenways has built its business on European design capabilities and Asian manufacturing smarts. L Catterton is backing the two-year-old company to become a global leader
Investcorp leads $39m Series D for India's Wakefit
Investcorp has led a INR 3.2bn (USD 39.4m) Series D round for India’s Wakefit, which claims to be the largest D2C retailer of mattresses and bedding accessories.
China's Yuze Semiconductor raises $178m
China’s Yuze Semiconductor, a specialist in single-crystal high-efficiency silicon wafers, has raised a CNY 1.2bn (USD 178m) Series B round featuring Goldstone Investment, a PE unit of CITIC Securities.
Advent acquires majority stake in India's Suven Pharma
Advent International has agreed to acquire a 50.1% stake in India-listed drug industry supplier Suven Pharmaceuticals for INR 63.1bn (USD 761.5m) with plans to acquire an additional 26%.
China semiconductor player Eswin Material raises $576m
Eswin Material, the integrated circuit manufacturing unit of Eswin Technology Group, has raised CNY 4bn（USD 576m）in Series C funding led by the New Materials Fund of China National Building Material.