News >> Deals
Saratoga to sell part of Tower Bersama stake - report
Indonesia-focused Saratoga Capital has started the sale process for part of its stake in telecom tower business PT Tower Bersama Infrastructure, alongside two other investors.
New Silk Route mulls Adiga’s deal
Growth capital firm New Silk Route Partners is in talks to buy a sizable stake in Adiga's, a chain of south Indian vegetarian restaurants and fast food joints.
VC-backed Anaphore bolts on China’s RuiYi
Anaphore, a US developer of protein pharmaceuticals backed by VC firms 5AM Ventures and Versant Ventures, has acquired Chinese biologics drug discovery platform RuiYi.
Korea Life makes final bid for Vogo’s stake in Tong Yang Life
Korea Life Insurance has submitted a final bid for Vogo Investment’s controlling stake in Tong Yang Life Insurance. Vogo is seeking to exit 60.7% of its 64% interest in the business in order to capitalize on the scarcity value of a controlling stake...
Warburg Pincus, TPG-backed Neiman Marcus enters China
Neiman Marcus Group, the US luxury retailer owned by Warburg Pincus and TPG Capital, has invested $28 million for a minority stake in Hong Kong-based luxury e-commerce site Glamour Sales.
KNOC backs Apollo-led purchase of US oil assets
Korea National Oil Corp. (KNOC) will join a consortium led by Apollo Global Management that has agreed to buy US-based El Paso’s oil and gas exploration business for $7.15 billion. The assets are being sold by Kinder Morgan as part of its $21 billion...
MSPE Asia invests $300m in China’s Tianhe Chemicals
Morgan Stanley Private Equity Asia (MSPE Asia) has invested $300 million in China’s Tianhe Chemicals Group and created a strategic partnership with the specialty chemicals company in order to aid its expansion overseas. It is the largest single investment...
PremjiInvest invests $24m in India’s Trent
PremjiInvest, the private equity vehicle backed by Wipro Group chairman Azim Premji, has channeled INR1.2 billion ($24 million) into Trent, the retail arm of Indian conglomerate Tata Group.
Fubon linked to buyout of Carlyle-backed Ta Chong
Fubon Financial, parent of Taiwan’s second largest life insurance firm, has announced plans to acquire a bank, prompting speculation that mid-sized Taiwanese lender Ta Chong Bank is the target.
Carlyle reinitiates AvanStrate IPO
The Carlyle Group has re-initiated proceedings to list Japanese LCD glass manufacturer AvanStrate, thanks to improved stock market conditions in Japan.
Blue Sky boosts Alcidion with $2.8m - report
Listed fund manager Blue Sky Alternative Investments has funneled A$2.6 million ($2.8 million) of capital into Australian health informatics firm Alcidion.
F&H invests in Wise Entertainment
F&H Fund Management has invested in Singapore's Wise Entertainment - a company named after the city state's twin composers and music producers Lee Wei Song and Lee Si Song (Wei) and (Si).
WestSummit backs China's Union Optech
China-based technology investor WestSummit Capital has led a funding round for Chinese optical lens provider Union Optech.
ChrysCapital invests $31m in Karur Vysya Bank
Private equity firm ChrysCapital has invested INR1.6 billion ($31 million) for a 3.92% stake in India's Karur Vysya Bank as part of a PIPE transaction.
INCJ to buy UK wind power firm for $850m
Japanese state-sponsored fund Innovation Network Corp of Japan (INCJ) is tipped to buy a 50% stake in British wind power engineering firm Seajacks International for around $850 million.
Carlyle, Everstone join race for Thomas Cook India - report
The Carlyle Group, Everstone Capital, TA Associates and Bravia Capital have joined the likes of KKR and Actis in competing for Thomas Cook India.
NAB offloads debt in CVC-backed Nine Entertainment
National Australia Bank (NAB) has sold off its entire holding of debt in CVC-backed Nine Entertainment. The bank offloaded A$86 million ($90 million), with media reports quoting a price of A$0.85-087 on the dollar.
GIC commits $100m to Vasan Healthcare
Government of Singapore Investment Corp. (GIC) has invested $100 million for a minority stake in Vasan Healthcare, which runs eye care hospitals across India. The transaction is the largest PE deal in the country's healthcare industry since Olympus Capital’s...
Subsea backs NZ mining project
Subsea Investments II, a private equity fund backed by US-based LPs, will invest up to $7 million for shares issued by NZAX-listed Chatham Rock Phosphate (CRP).
Baring, Sequoia invest $29m in Manappuram
Baring Private Equity Partners India and Sequoia Capital India have invested INR1.3 billion ($29 million) to increase their stake in Manappuram Finance, a non-bank financial company (NBFC) specializing in loans based on gold.
Lilliput founder says L Capital has submitted bid
Lilliput Kidswear’s founder and managing director claims to have received an offer for the struggling business from L Capital, the private equity arm of luxury goods giant LVMH. A sale would facilitate the exit of Bain Capital and TPG Capital.
Everstone in talks with Indian spa salon operator
Everstone Capital is negotiating the purchase of a majority stake in Indian spa salon chain You Look Great (YLG). Helion Venture Partners, an existing investor in the company, is also participating in the talks.
Australia Music Group gets private equity lifeline
Revere Capital has injected funding into Australia Music Group (AMG) as part of internal restructuring efforts. Like many retailers in Australia, the company is struggling during a period of poor consumer sentiment.
TVS, IFC back Dunar Foods with $25m
TVS Capital and International Finance Corp. (IFC), the investment arm of the World Bank, have invested INR1.24 billion ($25 million) for a minority stake in Indian basmati rice supplier Dunar Foods.