Trade sale
China’s Dalian Wanda buys World Triathlon from Providence
Chinese conglomerate Dalian Wanda Group has agreed to buy World Triathlon Corporation (WTC), the leading global operator of Ironman events, from Providence Equity Partners for $650 million.
Ekuinas sells Burger King franchises in Malaysia, Singapore
Ekuinas, the Malaysian government-backed private equity investor, has sold the Burger King franchises in Malaysia and Singapore, generating proceeds of MYR74.6 million ($17.7 million).
VCs exit China online furniture retailer Meilele to strategic buyer
Several VC investors – including Lightspeed China Partners, Vertex Ventures and China Renaissance K2 Ventures – will exit Meilele as Shanghai-listed Guangdong Yihua Timber Industry agreed to buy an 18.21% stake in the online furniture retailer.
Deal focus: CITIC Capital gears up global strategy
When CITIC Capital and Crestview Partners bought Canadian auto parts supplier Stackpole International for $512 million in 2013, they had little suspicion that they would be exiting less than two years later. But they did feel that Stackpole’s variable-speed...
Guangdong Alpha buys VC-backed China comics site U17
Guangdong Alpha Animation and Culture, a Chinese animation and entertainment firm, has agreed to acquire online comics platform U17.com for RMB904 million ($141 million), paving an exit for several VC backers including Northern Light Venture Capital (NLVC).
Carlyle to exit Taiwan’s Ta Chong Bank to Yuanta Financial
Taiwan's Yuanta Financial Holdings is to acquire Ta Chong Bank, a local mid-size commercial bank backed by The Carlyle Group, in a deal worth NT$56.55 billion ($1.7 billion).
Deal focus: CNS promises PE watershed in Taiwan
Most PE investors have secured profitable exits from Taiwan’s cable television industry. Now MBK Partners has joined the club, although like some of the others, the path to liquidity has not been smooth.
Navis exits ECO Industrial to China's Beijing Capital
Navis Capital Partners sold ECO Industrial Environmental Engineering, a Singapore-based hazardous waste management firm, to Beijing Capital Group (BCG) for S$246 million ($179 million)
China’s HNA buys Swissport International from PAI Partners
China’s HNA Group has agreed to buy ground handling and cargo services provider Swissport International from PAI Partners for CHF2.7 billion ($2.8 billion).
BNP Paribas to acquire PE-backed Sharekhan
French bank BNP Paribas has agreed to acquire Indian retail brokerage Sharekhan from its private equity backers.
MSPEA, Far EasTone to buy Taiwan's CNS from MBK
Morgan Stanley Private Equity Asia (MSPEA) and Far EasTone Telecommunications have agreed to buy Taiwan-based cable television provider China Network Systems (CNS) from MBK Partners.
Tata Capital joins consortium buying Blackstone's Agile stake
A consortium comprising Igarashi Electric Works (IEW), Mape Securities and Tata Capital Growth Fund I have bought The Blackstone Group’s 97.9% stake in Agile Electric, India’s leading electric motor manufacturer.
Australia's PEP to sell Energy Developments for $1.4b
Pacific Equity Partners (PEP) has agreed to sell Energy Developments, an Australia-based provider of distributed power to the mining industry, to utilities business Duet Group for an enterprise valuation of A$1.92 billion ($1.4 billion).
Australia's PE-owned GenesisCare to buy Cancer Partners UK
Australian cancer and cardiovascular treatment provider GenesisCare, which is owned by KKR, has bought cancer center manager Cancer Partners UK from its private equity backer, Apposite Capital.
Bain to sell electronic connectors maker FCI Asia for $1.28b
Bain Capital has agreed to sell FCI Asia, which manufacturers connectors used in electronics, data storage and telecommunications, to US-headquartered industry peer Amphenol for $1.28 billion.
Novartis buys VC-backed Australian drug developer Spinifex
Australian life sciences specialists Brandon Capital Partners and GBS Ventures will exit local drug developer Spinifex Pharmaceuticals after Novartis agreed to buy the business for $200 million in cash plus unspecified earn-outs.
Indonesia's Soetantyo family buys Icicle Holdings from PE
A company owned by the Soetantyo family, which has extensive interests in Indonesia’s food sector, has agreed to buy North America-based Icicle Holdings from PE firm Paine & Partners.
Lafarge buys back Baring Asia's stake in its India unit
French cement maker Lafarge has agreed to buy back Baring Private Equity Asia's stake in its India division, Lafarge India, for EUR270 million ($304 million).
Apax sells Chinese restaurant chain Golden Jaguar
Apax Partners has agreed to sell Chinese high-end restaurant chain Golden Jaguar to Hong Kong-listed Carnival Group International Holdings for HK$253.4 million ($32.7 million).
Deal focus: Advantage rings up TeleGuam return
Ties between Japan and the US territory of Guam go back a long way. Much of this is do with their relatively proximity, and the fact Japan held the island during the Second World War. But visitors coming from Japan are much more welcome today. Guam is...
China’s Wanda Cinema Line confirms Hoyts acquisition
Wanda Cinema Line Corp, a subsidiary of Chinese property developer Dalian Wanda Group, has confirmed the acquisition of Australian cinema operator Hoyts Group from Pacific Equity Partners (PEP).
Actis agrees exit from India's Phoenix Lamps
Private equity firm Actis has reached an agreement to exit its stake in Indian automotive lighting manufacturer Phoenix Lamps to cable maker Suprajit Engineering.
Spring Capital's Vanzo merges with Shanghai-listed Kaile
Spring Capital has merged mobile handset manufacturer Vanzo Communication Technology with Shanghai-listed Hubei Kaile Science and Technology. This represents a liquidity event for the China-focused investor.
Unison sells Asahi Tec casting assets to India's Amtek Auto
Asahi Tec, a Japanese auto-parts supplier controlled by Unison Capital, has agreed to sell a portfolio of companies covering casting and forging to India's Amtek Auto.