Asia-Pacific

Industri Kapital sells Elektrokoppar after nearly 10 years

Buyout firm Industri Kapital has exited from Elektrokoppar after nearly 10 years invested in the company and several difficult economic cycles in the copper industry.

Carlyle invests in Korean after-school private education(2)

The Carlyle Group will invest up to $20 million in Korea’s Topia Academy, an after-school private education business founded in 1995 by a former English lecturer.

Wellington Partners invests in media start up(2)

Adconion Media, a German online advertising network, has received a commitment from Wellington Partners, a pan-European venture capital firm, of an undisclosed amount.

Astorg buys Ethypharm(2)

French buyout firm Astorg and mezzanine provider Intermediate Capital have bought pharmaceutical company Groupe Ethypharm for an undisclosed sum.

KKR spends another $660 million in Singapore(2)

The shareholders of Singaporean engineering company MMI have accepted a take-private bid from Kohlberg Kravis Roberts. The S$1.65 per share offer values the company at about $660 million.

Industri Kapital sells Elektrokoppar after nearly 10 years(2)

Buyout firm Industri Kapital has exited from Elektrokoppar after nearly 10 years invested in the company and several difficult economic cycles in the copper industry.

Baird sells SHE to RACO(2)

UK-based Baird Capital Partners has doubled its money by selling cooling manufacturer SHE to RACO, an Italian automotive manufacturing group.

Carlyle loses exclusivity on ASE(2)

Carlyle’s attempts to increase its footprint in Asia have suffered a further setback, after an independent committee voted to cancel its exclusive bidding arrangement with Taiwanese firm Adavanced Semiconductor Engineering.

Orchid Asia lists portfolio company in Hong Kong(2)

Orchid Asia, a China-focused growth capital provider, has made three times its money in paper gains from the listing of a portfolio company in Hong Kong on 1 February.

Bain Capital ventures into China real estate(2)

Bain Capital has partnered CBL & Associates, a US mall developer and owner, to invest in a Chinese mall operator and real estate developer based in Nanjing.