Funds advised by private equity and investment advisory firm CVC Capital Partners have acquired a controlling stake in Da Niang Dumpling Holdings, a Chinese cuisine quick-service restaurant operator based in China, from the founder, Wu Guoqiang, who will remain as a shareholder. Da Niang operates a network of over… Read More
Private equity fund manager Kerogen Capital has invested AUD30 million (approximately US$27 million) in Twinza Oil, a company with oil and gas interests in Australia, Papua New Guinea and Thailand. The deal was structured as a new share subscription and gave Kerogen up to a 29 percent stake in… Read More
China-focused private equity firm HAO Capital has sold its remaining 7.6 percent stake in Hong Kong-listed PAX Global Technology, an electronic fund transfer point-of-sale terminal supplier, for US$44 million. HAO’s realized proceeds total US$142 million on an original investment of US$30 million, bringing the gross multiple for the entire… Read More
Private equity firm L Capital Asia, which is backed by LVMH Moët Hennessy Louis Vuitton, has acquired a majority stake in restaurant, club and lounge operator Ku Dé Ta Group, best known for its location in Singapore. The company, which recently opened a new location in Thailand and has… Read More
Quikr Mauritius Holding, which runs India-based classifieds website Quikr.com, has raised a US$90 million financing round led by Swedish investment firm Investment Kinnevik. The firm contributed US$39.3 million to the transaction, with the rest coming from Quikr’s existing investors, including private equity firms Warburg Pincus, Matrix Partners India and… Read More
Private equity firms Sequoia Capital China and Yunfeng Capital and China-based media company SINA Corporation have agreed to establish a joint venture with New York Stock Exchange-listed E-House Holdings, a China-based real estate services company, to launch a real estate-oriented financial services platform. The joint venture will leverage E-House's… Read More
Frontier markets-focused private equity investor TLG Capital has exited its investment in Cambodia-based luxury riverboat cruise business Compagnie Fluviale du Mekong (CFM) in a trade sale to CroisiEurope, a European tour operator. TLG Capital originally invested in the company in 2010. Financial details of the transaction were not disclosed. Read More
Private equity and investment advisory firm CVC Capital Partners has raised IDR2.5 trillion (approximately US$215 million) by reducing its stake in Indonesia-based retailer Matahari Department Store. CVC-owned Asia Color Company sold 190 million shares in Matahari, a 6.5 percent stake, at IDR13,100 (approximately US$1.13) per share. CVC, which originally… Read More
India-based non-banking financial company Capital First has approved a capital increase of INR1.8 billion (approximately US$29 million) via a preferential allotment of shares to existing investors Warburg Pincus, a global private equity firm, and HDFC Standard Life Insurance, an India-based life insurance company. Warburg Pincus will subscribe to 8.3… Read More
Global alternative asset manager The Carlyle Group has agreed to acquire a 100 percent stake in South Korea-based Tyco Fire & Security Services Korea and its subsidiaries (ADT Caps, Capstec and ADT Security), which form and operate the company’s Korean security business, ADT Korea, from Tyco, a global fire… Read More
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