News >> Deals
Multiples buys ICICI Venture's stake in Vikram Hospital
Multiples Alternate Asset Management has bought a 64% stake in Bangalore-based Vikram Hospital from ICICI Venture Funds Management, and also infused direct capital for debt repayment.
Standard Chartered boosts stake as India’s Fortis moves to cut debt
Standard Chartered Private Equity (SCPE) will invest a further $13.5 million in hospital chain Fortis Healthcare through a preferential allotment of shares, taking its total holding to around 2.7%.
EQT mulls deal for Dairy Queen, Papa John’s China franchisee – report
EQT Partners intends to buy a minority stake in RCS Group, a Chinese fast-food chain operator that owns franchisee rights for the Dairy Queen and Papa John’s Pizza, from existing investor Warburg Pincus.
Taiwan’s Chinatrust buys Tokyo Star Bank – report
Chinatrust Commercial Bank, one of Taiwan’s largest commercial lenders, has reportedly agreed to buy Tokyo Star Bank for JPY52 billion ($519 million) from Lone Star and other creditors-turned-shareholders. It would be the first full buyout of a Japanese...
Actis to buy India lighting business from Halonix
Actis is set to buy the loss-making general lighting division of its portfolio company Halonix, a manufacturer of compact fluorescent lamps for general lighting and halogen lamps for automotives.
Arisaig invests $30m for stake in India McDonald’s franchisee
Arisaig Partners has bought a 3.47% stake in Mumbai-listed Westlife Development for INR1.8 billion ($30 million). Westlife controls McDonald’s restaurants in west and south India through its direct subsidiary, Hardcastle Restaurants. It is one of two...
Strategics buy Singapore start-ups Techsailor, YFind
Two Singapore-based start-ups – Techsailor and YFind – have been snapped up by strategic investors. This follows last week’s acquisition of VC-backed travel website TravelMob by NASDAQ-listed vacation rental portal HomeAway.
Affinity pays $239m for majority stake in Korean music platform
Affinity Equity Partners will pay KRW265.9 billion ($239 million) for a 52.6% stake in Loen Entertainment, a South Korean record label and digital music platform. The holding is being divested by SK Planet, a subsidiary of SK Telecom, the country's largest...
China’s SAIF invests in COFCO-run food retail site
SAIF Partners has invested in Womai.com, a food and grocery B2C online platform set up by Chinese food conglomerate COFCO. Financial terms were not disclosed but the investment is said to be more than $10 million.
Singapore’s Temasek appoints new chairman
Temasek Holdings has appointed Lim Boon Heng as its fourth chairman, succeeding Suppiah Dhanabalan who is retiring after leading the Singaporean sovereign wealth fund for 17 years.
Everstone to invest $33m in Indian NBFC
Everstone Capital is to invest INR2 billion ($33.5 million) for a 15-20% stake in Hinduja Leyland Finance (HLF) a non-banking financial company (NBFC) owned by the Hinduja Group.
Providence ups stake in India's Hathway Cable & Datacom
Providence Equity Partners has increased its stake in Indian cable and broadband operator Hathway Cable & Datacom by injecting INR1.5 billion ($25.1 million) alongside the promoter.
Artesian Ventures, University of Queensland to launch start-up fund
Artesian Capital Management, an alternative investment arm spun out of ANZ Banking Group, has partnered with University of Queensland to create a A$1.5 million ($1.4 million) Accelerate Investment Fund. The vehicle will invest in graduates from the university’s...
Google buys stake in VC-backed Taiwan glass supplier
Google has taken a 6.3% stake in Himax Display, a subsidiary of Taiwanese company Himax Technologies, which manufactures liquid crystal silicon (LCOS) chips used in Google Glass and other products. The company also counts KPCB Holdings, Khosla Ventures...
Baring ups stake in India’s Manappuram Finance
Baring Private Equity Partners India has upped its stake in Manappuram Finance, a listed non-bank financial company (NBFC) specializing in gold loans, to 11.56% from an earlier 9.48% via open market purchases.
MBK considers IPO for Taiwan’s CNS – report
MBK Partners is reportedly considering an IPO for China Network Systems (CNS), Taiwan’s largest cable TV and broadband provider, in place of a longstanding trade sale agreement that has yet to materialize amid regulatory concerns.
First Reserve-backed KrisEnergy jumps 5% on Singapore debut
KrisEnergy, the Southeast Asia-focused oil and gas exploration and production (E&P) company which counts First Reserve among its investors, rose 5% on its trading debut in Singapore on Friday. The stock closed at S$1.155 after reaching an intra-day high...
KKR seals debut Indonesia deal
KKR will become the second-largest shareholder in Indonesia’s Tiga Pilar Sejahtera Food (TPSF) after agreeing to buy an approximately 9.5% stake for an undisclosed sum. The investment, which is being made through funds advised by KKR Asset Management,...
New Zealand’s Rangatira takes 12% stake in Magritek
New Zealand PE firm Rangatira has acquired a 12% stake in Magritek, which manufactures nuclear magnetic resonance (NMR) and magnetic resonance imaging (MRI) devices, for an undisclosed sum. It has the option of increasing its holding to 18% in a year.
Pearson, Village Capital to fund Indian education start-ups
Pearson - a UK education company which owns the Financial Times and publishers Penguin Random House - has teamed up with social investor Village Capital to set up a business incubator for Indian education start-ups.
Asian GPs under pressure to return capital to investors – AVCJ Forum
Asian fund managers are under pressure to return capital to investors as patience wears thin with promises of returns to come, despite the regional growth story being far from over, industry participants told the AVCJ Singapore Forum. These sentiments...
Australian regulator declines PE request to delay Billabong deal
The Australian Government Takeover Panel - the country's takeover regulator - has declined a request from Oaktree Capital Management and Centerbridge Partners to delay a A$395 million ($359 million) refinancing deal for surf-wear company Billabong International.
ADB-backed infra fund to invest $85m in Philippines wind farm
The Philippine Investment Alliance for Infrastructure (PINAI) fund, a vehicle partly financed by the Asian Development Bank (ADB) and managed by Macquarie Infrastructure Management Asia, is investing up to $85 million in the country's first ever wind...
Southeast Asia VC still overlooked by global investors - AVCJ Forum
Southeast Asia is the region’s forgotten venture capital market despite some compelling fundamentals. Last month ASEAN overtook the US by internet users and at some point this month it will surpass the US in terms of the total number of 3G connections,...