Trade sale

Anacacia agrees to sell Rafferty's to H.J. Heinz

Anacacia Capital has agreed to sell baby-food producer Rafferty’s Garden to H.J. Heinz, prompting a review by the Australian Competition and Consumer Commission (ACCA). There is sufficient crossover between the two companies’ businesses that the commission...

India’s Rain Commodities buys Triton-owned Rütgers

Indian industrial group Rain Commodities has agreed to buy Rütgers, a German chemicals producer, from Northern Europe-focused private equity firm Triton. With an enterprise value of EUR702 million ($918 million), the deal is by some distance the largest...

NBC Capital reaps 20% IRR from Fenix Fitness

When it comes to assisting the growth of their portfolio companies, some PE firms are more hands-on than others. At the more pro-active end of the scale sit the likes of NBC Capital, which during its four-and-a-half-year ownership of local health club...

Advantage Partners poised for Rex Holdings exit

Advantage Partners is preparing to exit a 66% holding in Japanese restaurant operator Rex Holdings to Colowide. Local media said the transaction, worth JPY13.7 billion ($175 million), would close as early as October.

  • Exits
KKR sells Unisteel to Swiss trade buyer

KKR has sold its Singapore-based disk drive components and assemblies manufacturer, Unisteel Technology, to Swiss trade buyer SFS intec, a unit of SFS Group.

Archer Growth prepares for Cura Day exit – report

Archer Capital Growth is reportedly preparing to exit Cura Day Hospitals Group. The Australian GP helped found the company in 2008, having teamed up with a group of doctors and medical specialists who manage and work at its nationwide network of day hospitals.

Clove sees 20x return on Philippines oil deal

The Philippines has long been perceived as a black hole for private equity. Clove Capital, which spun out from EMP Daiwa Capital Asia, begs to differ and now it has evidence to support its case: a 20x return on an investment in Philippines oil exploration...

Goldman sells Japanese contractor for $636m

Goldman Sachs has sold Japanese contractor Fujita Corp to local home builder Daiwa House Industry for JPY50 billion ($636 million), representing an exit from one of its longest investments in the country.

Australia’s Gresham PE in $180m Witchery Group exit

Gresham Private Equity has agreed to sell fashion retailer Witchery Group to Country Road for A$172 million ($180.2 million). The deal will see Witchery CEO Ian Nairn replace Howard Goldberg as head of Country Road, which is majority-owned by South Africa’s...

Navis exits Indonesia education business to Pearson

Navis Capital Partners has exited the Indonesian arm of English-language education business Wall Street Institute (WSI) to Pearson. The global publishing and education company is paying $16.3 million for the asset, which represents a 10x return for Navis.

Infinity Group sells IP to Anxin-China

Infinity Group, the Israel-based private equity firm created by China Development Bank and Israeli conglomerate IDB Group, has sold intellectual property developed by two of its portfolio companies to Anxin-China Holdings.

CVC, Standard Chartered in $850m Infastech exit

CVC Capital Partners and Standard Chartered Private Equity have exited Hong Kong-based fastener manufacturer Infastech to Stanley Black & Decker for $850 million in cash. The strategic investor emerged the victor in a two-round auction process. It was...

Navis sells Nirula's to Indian trade buyer

Malaysia-based private equity firm Navis Capital Partners has sold its 100% stake in Indian restaurant chain Nirula's Corner House to hotel and real estate group A2Z Excursions.

STIC exits Jeil Hydraulics for 3.1x return

STIC Investments has exited its stake in Jeil Hydraulics, a Korean manufacturer of hydraulic motors and related components, to Eaton Corporation for KRW30.8 billion ($26.8 million). The investment generated a 3.1x money multiple.

Australia’s PEP sells Hoyts Distribution to Studiocanal

Pacific Equity Partners (PEP) has exited Hoyts Distribution, the largest independent film distributor in Australia and New Zealand, to European film giant Studiocanal. The private equity retains other Hoyts Group assets, including cinema operator Hoyts...

Navis exits India call center business via trade sale

Navis Capital Partners has sold its majority stake in Andromeda Sales and Distribution, an Indian financial services distributor, to Casa Capital Management. It is the Malaysia-based private equity firm’s fourth exit in six months.

Carlyle exits Sinorgchem to China’s Sinochem

The Carlyle Group has exited its holding in rubber additives producer Jiangsu Sinorgchem Technology through a trade sale to Sinochem International, the overseas arm of the Chinese state-owned chemicals company. This is one of a series of transactions...