News >> Deals
Billabong poised for takeover as share price tumbles
Australian surfwear retailer Billabong International saw its stock slump 36% when it resumed trading on Monday following a heavily discounted $225 million rights issue. The company is now worth less than one third of the value of TPG Capital’s A$841...
Baring increases its stake in Manappuram Finance to 5.94%
Baring India Private Equity has increased its stake in Manappuram Finance, a non-bank financial company (NBFC) specializing in loans based on gold.
ICICI Venture in second attempt to offload Updater Services
Indian investor ICICI Venture is attempting to exit its stake in Indian facilities management company Updater Services for the second time.
Milestone backs China restaurant chain IPO
Milestone Capital Partners has agreed to become a cornerstone investor in Chinese restaurant chain Xiao Nan Guo’s Hong Kong IPO. The company is looking to sell 341.25 million shares at HK$1.50 to raise HK$511.5 million ($65.9 million). A Milestone subsidiary...
Carlyle seeks $1.9b Coates Hire refinancing
The Carlyle Group is in negotiations with banks to refinance the A$1.9 billion ($1.9 billion) in leverage used to purchase Australian equipment hire company Coates Hire.
MBK named preferred bidder for Korea’s Hi-Mart
MBK Partners has been chosen as the preferred bidder for South Korean electronics retailer Hi-Mart. The company said in a statement to the Korean Stock Exchange that its largest shareholder, Eugene Corp, had made the decision.
KKR puts Bis Industries on the block
KKR has put its mining services and logistics business Bis Industries on the block. The Australian company has been valued at around $1.8 billion including debt.
IFC, Proparco, Mount Kellet invest in Educomp
Educomp Solutions, India’s largest education company, has received $155 million in financing from International Finance Corporation, French development finance institution Proparco, PE firm Mount Kellett and the company's own promoters.
Asiasons buys Australian pre-school show from CVC's Nine
Southeast Asian private equity firm Asiasons Group has acquired Australian pre-school television show Hi-5 from Nine Network Australia and Southern Star Entertainment. Nine Network is owned by the debt-laden Nine Entertainment Group, which is backed by...
Australian businesses don’t trust PE – PwC survey
Only 5% of small- to medium-sized enterprises (SMEs) in Australia that are currently seeking funding would consider private equity as a source of capital, according to a survey published by PricewaterhouseCoopers (PwC).
CVC offloads $500m Formula One stake to Waddell & Reed
CVC Capital Partners has sold a $500 million stake in Formula One Group to Waddell & Reed. The move comes after the motor-sport franchise delayed its $3 billion Singapore IPO due to volatile market conditions.
KKR funds $22m Air Works bolt-on
KKR has provided Air Works India Engineering with INR1.2 billion ($22 million) of structured debt financing to help fund its acquisition of Dubai-based private aviation specialist Empire Aviation Group (EAG).
CVC leads investment in HK-listed Chinese shoe company
CVC Capital Partners has led a PIPE investment in Chinese footwear company C.banner. China Consumer Capital Partners and MouseeDragon also participated in the round.
Hopu sells 6% stake in Chinese dairy firm Mengniu
Hopu Investment Management has sold its 6% stake in Hong Kong-listed Chinese daiy company China Mengniu Dairy for DKK1.7 billion ($289 million) to Denmark's Arla Foods.
OneVentures backs Paloma Mobile with $1.5m
Australia-focused venture capital firm OneVentures has led a $1.5 million Series A round of funding for Paloma Mobile, a developer of smartphone services for emerging markets.
PE firms plan AsiaInfo bids – report
Silver Lake, TPG Capital and Primavera Capital are said to be among the PE firms that have expressed an interest in AsiaInfo-Linkage, the US-listed telecoms software manufacturer that is subject to a buyout offer from CITIC Capital.
Indonesian pay-TV operator targets $260m IPO
PT MNC Skyvision has reduced the fundraising expectations for its IPO this summer from $400 million to $260 million. Saban Capital Group was previously reported to have expressed interest in becoming an anchor investor.
Accion, Pragati India boost Saija Finance with $4m
Accion and Pragati India Fund have invested $4.5 million in Indian microfinance company Saija Finance. The funding will enable the firm to make acquisitions.
PE firms consider bid for Australian packaging firm – report
The Blackstone Group, KKR and The Carlyle Group are said to be in talks with banks over a bid for Australian packaging company Pact. The deal could value the firm at as much as $1.4 billion.
Kaizen injects $4m in Indian childcare provider
Education-focused PE firm Kaizen Management Advisors has invested INR200 million ($4 million) in Indian childcare services provider Your Kids ‘R’ Our Kids (YKROK).
Lilly ups stake in Chinese pharma firm
Lilly Asian Ventures, the venture capital arm of pharmaceutical giant Eli Lilly & Co., has injected an additional $20 million of capital into existing portfolio company Novast.
Temasek buys stake in Asia-focused Ivanhoe Mines
Temasek Holdings has purchased a 5.5% stake in Canada’s Ivanhoe Mines, a move seen as part of ongoing efforts to increase the natural resources share of its portfolio. The transaction was channeled through Tembusu Capital, a private equity firm affiliated...
Palatine-backed Air Energi bolts on Indonesia’s Satoil
Air Energi, a portfolio company of Palatine Private Equity, has purchased the technical consulting and professional manpower division of Indonesian oil services company Satoil.
Unitas invests $164m in Korean outdoor brand
Unitas Capital has injected KRW190 billion ($162.4 million) into NEPA, a Korean outdoor apparel and equipment manufacturer and retailer, through a capital increase.