News >> Deals
Carlyle sells remaining shares of Kito in Japan
US private equity giant The Carlyle Group, will exit its 19.08% stake in Kito Corp., a Yamanashi-based crane maker through a secondary public offering. The closing price on February 18 was JPY103,900 ($1,250) per share.
PEP investee goes into receivership
Private Equity Partners controlled REDgroup Retail, which owns bookstore chains Borders and Angus & Robertson has collapsed and been handed over to administrator Ferrier Hodgson.
SCPEL invests in Australian agribusiness
Standard Chartered Private Equity Limited (SCPEL) will take minority stake via convertible notes in Australia-based international agribusiness leader Wellard for $83 million.
Chartis Japan Capital takes over Fuji Fire and Marine Insurance via TOB
Chartis Japan Capital Company, a wholly-owned unit of Chartis Inc, the general insurance subsidiary of American International Group has announced a TOB for all common shares and stock acquisition rights of Fuji Fire & Marine Insurance Co that it does...
India focused Edelweiss Special Opportunities Fund closed at $230 million
Edelweiss Alternate Asset Advisors, the alternative asset arm of Edelweiss Capital in Switzerland, has closed the $230 million Edelweiss Special Opportunities Fund, according to local media reports. The fund will focus solely on India.
3i acquires Mizuho’s debt management unit
London-based private equity firm 3i has completed its acquisition of Mizuho Bank’s debt management business unit, Mizuho Investment Management (MIM). Deal size was not disclosed but UK-based MIM manages £3.7 billion of assets.
Actis on exit trail in India
UK government-backed Actis has begun the divestment process for several of its Indian investees as part of its efforts to close its second, $325 million market-focused fund, LiveMint reported.
Guggenheim, Indian Infrastructure trade stakes
US-based Guggenheim Partners has reportedly taken a 46% stake in infra asset manager Infrastructure India in a deal completed through the exchange of stakes in each other’s portfolio companies.
OCBC debuts Shindoo Chemical on Shenzhen Exchange
Shindoo Chemical, a Chinese manufacturer and distributer of compound fertilizer and chemical products in China which was backed by the mezzanine arm of OCBC Bank, has debuted on at Shenzhen Stock Exchange, raising RMB 1.48 billion ($224.6 million). The...
Sequoia departures put question mark over fund’s future
Four of Sequoia Capital India’s founding partners have resigned from the VC firm to set up a new fund, which will focus on domestic PIPE transactions.
Mekong Capital makes fourth exit from Enterprise Fund
Vietnam-focused Private Equity firm Mekong Capital has exited its stake in Minh Phuc Printing and Packaging Company to an unnamed domestic investor.
L Capital Asia may buy Indian luxury retailer
L Capital Asia, the Asia-based arm of the private equity firm set up by the LVMH Group, has reportedly planned to acquire a significant minority stake in a unit of Gitanjali Gems Limited, India’s luxury brand and products retailer group, for a value...
CVC enters MOU to offload Magnum
CVC Capital Partners has reportedly entered into an MOU with Malaysian Multi-Purpose Holdings Berhad (MPHB) to sell its 47% stake in gaming forecaster Magnum Corp. MPHB also looking to take the 2% stake held by Magnum’s management, giving it 100% ownership...
Affinity to exit Singaporean shipping operator, Jaya Holdings
Affinity Equity Partners is reportedly negotiating with potential buyers to sell its 54.7% stake in Singapore’s Jaya Holdings – a fiscally strained shipping operator – which it has held for more than four years.
Partners Group invests in Korea auto tire manufacturer
Partners Group, the global private equity investment manager, has made a direct investment in South Korea’s Saehwa International Machinery with its investment partner STIC Investments, a local private equity firm in South Korea.
Lombard takes control of Chinese quick service restaurant chain
Lombard Investments, a global private equity firm, has announced it has acquired a controlling stake in Overseas Dragon China, one of the leading Quick Service Restaurants in Asia.
Advantage Partners may exit Pokka to Sapporo
Advantage Partners, a Japanese private equity firm, is eyeing to exit domestic coffee and soft drink maker Pokka to Sapporo Holdings, major local brewer.
Unison Capital to delist Japanese wine importer
Japanese buyout firm Unison Capital will spend JPY6.2 billion ($75.4 million) to privatize currently listed Japanese wine importer and retailer Enoteca Co. through an MBO alongside H.C.B.C. Enterprises Ltd., an investment firm headed by George Joseph...
Carlyle, MBK not among Hana's backers in KEB bid
The Carlyle Group, MBK Partners and Goldman Sachs have not provided financial backing to South Korean commercial lender Hana Financial in its bid to acquire Korea Exchange Bank (KEB) from US buyout group Lone Star.
FountainVest taps into local PIPE deal
Hong Kong-based PE firm FountainVest Partners had sealed an investment deal with LK Technology, a domestic die-casting machine manufacturer, for HK$400 million ($51.3 million).
VinaCapital makes 5.3x on Hanoi Liquor sale
Vietnam-based asset manager and real estate development group VinaCapital has announced the sale of its 23.6% stake in portfolio company Hanoi Liquor Joint Stock Company (Halico) to industry player Diageo. The international premium drinks company will...
Milestone invests $30 million in Chinese pharma group
Milestone Capital, a Shanghai-based private equity firm, has reached an agreement to invest $30 million in China BCT Pharmacy Group, Inc., a listed pharmaceutical distributor, retail pharmacy, and manufacturer of pharmaceutical products in Guangxi Province,...
Lone Star may face another tax issue
Lone Star may face yet another tax issue, currently blocking its exit plan for its majority stake in Korea Exchange Bank (KEB).
Next Capital's investee Onsite completes acquisition
Next Capital-owned contracting and recruitment services firm Onsite Rental Group has acquired Statewide Equipment Hire, a supplier of for-hire construction equipment, for A$70 million ($69.7 million).