Asia-focused private equity firm Affinity Equity Partners has invested approximately US$100 million in Indonesian auto services group Mitra Pinasthika Majesty (MPM) for an unspecified minority stake. MPM is the franchisee for Honda motorcycles in east Java and reportedly operates 280 showrooms, 600 workshops and more than 1,200 spare parts… Read More
Hony Capital invested US$200 million for a 24.8% stake in the company. Company Headquarters: Singapore Business focus: Medical devices ImPACT HIGHLIGHTS As a financial backer and strategic local partner, Hony Capital helped Biosensors align interests amongst all shareholders in its Chinese joint venture, JW Medical, and expand its business in China Between FY… Read More
Singapore-based electronics and furniture retailer Courts Asia, a portfolio company of Asian private equity firm Baring Private Equity Asia, made its debut on the Singapore Exchange on 8 October 2012. Courts Asia offered 178 million shares, 44 percent of which were purchased by four cornerstone investors: JF… Read More
South Korean venture capital firm Partners Venture Capital has acquired a 10 percent stake in South Korean battery electrolyte manufacturer Panax Etec for KRW10 billion (approximately US$9 million). The investment took place through a secondary purchase from investors Samsung Venture Investment and Bokwang Investment, both of whom partially exited… Read More
Indian private equity and real estate investor Everstone Capital is investing INR2 billion (approximately US$37.8 million) in S. Chand & Company, an Indian publisher of educational materials, for a reported 35 percent stake. The investment was made through the Everstone Capital Partners II private equity fund. S. Chand &… Read More
India-focused private equity firm Baring Private Equity Partners (BPEP) India has increased its holding in Indian non-banking financial company Manappuram Finance. BPEP India purchased 10.3 million shares of Manappuram on the Bombay Stock Exchange and the National Stock Exchange, amounting to a 1.23 percent equity stake. Following the transaction,… Read More
The Blackstone Group has agreed to buy a 12.5 percent stake in International Tractors Limited (ITL), an Indian manufacturer of tractors, for up to INR5.2 billion (approximately US$100 million). The investment will be made from the Blackstone Capital Partners (Singapore) VI fund. ITL plans to use the funding to… Read More
Developing World Markets invested US$5.5 million for a majority stake in the company, with a follow-on investment of US$1.5 million. Company Headquarters: Cambodia Business focus: Financial Services impact highlights Through its partnership with DWM, TPC was able to overcome a liquidity challenge linked to the global economic downturn by renegotiating the renewal of… Read More
The Carlyle Group, through its CMP Asia investment vehicle, sold approximately 57 million shares in HDFC, an Indian private sector bank. The share sale, which took place on both the Bombay Stock Exchange and National Stock Exchange, saw Carlyle divest approximately 3.71 percent of HDFC, representing its… Read More
Japanese investment firm The Longreach Group has announced the final close of its second Japan and North Asia-focused fund, Longreach Capital Partners 2, with US$400 million in commitments. The fund will focus on control buyout investments in the industrial and technology, financial services, business services and consumer-related sectors. Read More
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