PIPEs
Warburg Pincus invests $26.7m in IDFC First Bank
Warburg Pincus has invested INR2 billion( $26.7 million) in IDFC First Bank as part of an INR20 billion capital raise by the Indian lender.
Warburg Pincus re-ups in India's Apollo Tyres
Warburg Pincus has invested INR5.4 billion ($70.2 million) in Apollo Tyres to follow up on an earlier investment in the company. This continues a recent trend of PE players increasing their stakes in Indian public companies.
Warburg Pincus buys 17% stake in China Auto Rental
Warburg Pincus has agreed to acquire a 17.11% stake in Chinese car rental business China Auto Rental (CAR) from Ucar, a chauffeured car service provider. It follows a sharp drop in CAR’s share price following a scandal at Luckin Coffee, which is backed...
Korean GP invests $16m in electronics industry supplier
Moat Private Equity, a Korea GP set up last year, has taken an approximately 14% stake in KOSDAQ-listed electronics industry supplier Exax for KRW19.8 billion ($16 million).
Blackstone increases stake in India’s Mphasis
The Blackstone Group has purchased shares worth INR51.7 billion ($67.9 million) to increase its stake in Indian IT services provider Mphasis by 4.01% to 56.21%.
Warburg Pincus invests in India's Apollo Tyres
Warburg Pincus will invest INR10.8 billion ($150.7 million) in Apollo Tyres, a multinational tire manufacturer headquartered in India.
IFC to invest $29m in India’s Future Lifestyle Fashions
The International Finance Corporation (IFC) has agreed to invest INR2.1 billion ($29.6 million) in India-listed fashion retailer Future Lifestyle Fashions (FLF).
Deal focus: Brookfield lends a helping hand
Brookfield Asset Management chose IndoStar Capital Finance as its way into India’s private lending space, putting faith in the non-banking finance company’s ability to diversify its business streams
Brookfield buys into Everstone’s India NBFC
Brookfield Asset Management has offered to buy up to 40% of IndoStar Capital, an Indian non-banking financial company (NBFC) established by Everstone Group, for INR14.5 billion ($202 million).
FountainVest backs China online ticketing player Maoyan
FountainVest Partners has acquired a significant minority stake in Maoyan Entertainment, a Chinese online ticketing business that completed an IPO in Hong Kong last February.
Hony commits capital to its Hong Kong-listed restaurant platform
Hony Capital has injected HK$780 million ($100 million) into Best Food Holdings, the Hong Kong-listed platform it established in 2016 to make investments in China’s food and beverage industry.
Deal focus: EQT fulfills Laobaixing's prescription
EQT spent 11 years helping Chinese pharmacy chain Laobaixing evolve from large-format laggard into a focused and efficient operator that meets the needs of modern customers. It has now exited with a 7.7x return
Blackstone commits $244m to India's Future Lifestyle Fashions
The Blackstone Group has agreed to invest INR17.5 billion ($244 million) in India-listed clothing retailer Future Lifestyle Fashions (FLF).
Hillhouse wins battle for China electronics player Gree
Hillhouse Capital has secured a 15% interest in Gree Electric Appliances, China's leading manufacturer of air conditioners, beating a consortium led by Hopu Investment.
Hopu invests $119m in Chinese airport operator
Hopu Investments has agreed to invest HK$933 million ($119 million) in Regal International Airport, which operates Haikou Meilan International Airport in Hainan province and has ties to troubled Chinese conglomerate HNA Group.
China SOE investment: Uphill battles
Reform efforts in China’s state-owned enterprise space have experimented in mixed ownership with mixed results. Private equity investors see significant opportunity but must proceed with caution
PAG commits $300m to China's LexinFintech
PAG has agreed to invest $300 million in LexinFintech, a US-listed financial technology platform provider based in China.
PE investors compete for minority stake in China's Gree
Consortiums led by Hopu Investment and Hillhouse Capital are competing for a 15% interest in Gree Electric Appliances against a backdrop of tensions between the Chinese company's CEO and its state-owned parent.
Japan Industrial Partners makes tender offer for Nippon Avionics
Japan Industrial Partners (JIP) has agreed to buy NEC Corporation's majority stake in Tokyo-listed electronics supplier Nippon Avionics and launched a tender offer that values the company at about JPY3.1 billion ($28.4 million).
Blackstone invests $79m in India's FLF
The Blackstone Group has invested INR5.4 billion in India-listed integration retailer Future Lifestyle Fashions (FLF) through an open market transaction.
Aion to invest $44m in India's Future Lifestyle
Aion Capital Partners has agreed to invest INR3 billion ($43.5 million) in India-listed integrated fashion retailer Future Lifestyle Fashions (FLF).
CITIC Capital invests $20m in New Zealand travel business
CITIC Capital has invested NZ$30 million ($20 million) in Tourism Holdings, a New Zealand-listed travel services company that specializes in recreational vehicle rentals.
Oriental Fortune agrees $173m China auto parts deal
Chinese mid-market private equity firm Oriental Fortune Capital has agreed to acquire a controlling interest in Changzhou NRB Corporation, a domestic auto components manufacturer, for RMB1.2 billion ($173 million).
CDPQ invests $206m in India's Mahindra
Caisse de dépôt et placement du Québec (CDPQ) has invested INR14.2 billion ($205.8 million) in Indian automotive conglomerate Mahindra & Mahindra through a public market transaction.
