Food & Beverage

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ITOCHU LOGISTICS CORPORATION (JP) acquires 5% of Chemical Distributor LAUTAN LUAS (ID)

The acquisition will allow for LAUTAN LUAS to support its chemical distribution business by providing end-to-end logistics solutions to their customers. Apart from that, LAUTAN LUAS will also be expanding to the water treatment and IT solutions businesses to spur growth in the future. Details of the transaction were not disclosed.

American Private Equity firm TPG GROWTH acquires 40% of ONE NETWORK BANK (ONB) (PH)

TPG, will now work together with the incumbent owner BDO, to hasten ONB’s growth. TPG’s expertise in financial services, in developing markets will kick off new product developments in that direction. The collaborative partnership aims to strengthen ONB’s current foundation and improve financial inclusion in the region. Details of the transaction were not disclosed.

S J BARGH GROUP (UK) a logistics firm that engages in milk distribution acquires transportation company R G BASSETT & SONS (UK)

The acquisition will add 100 employees to their headcount, an 11 acre site as well as warehousing and training services. BASSETTS will still operate as a standalone brand but benefit from a wider distribution network and services. Details of the deal were not disclosed.

Private Equity Firm, KKR INDIA (IN) will be investing 90 M in KWALITY LTD (IN).

The largest dairy firm in India will receive the funds via structured debt assets and will use them to solidify its brand and expand its retail business. Of late, KKR has made USD 3 B worth of investments in India and are continuously looking for growth opportunities.

Singaporean Hospitality Company SONG FAR BAK KUT TEH raises funds via NEW UNION (SG)

SONG FA will now be one of the few companies that have used crowdfinancing platforms such as NEW UNION to raise funds. The USD 370 K raised will be channeled into the idea of expanding outlets both in and around Singapore as well us the upgrading of their Supply Chain IT to improve efficiency.

AirAsia (MY) acquires 80% stake in T&CO COFFEE (MY)

AirAsia will acquire for USD 225 K and will use T&Co to improve its in-flight menu for their passengers. AirAsia would now take a more dominant role in T&Co’s development to raise premiums and margins for their products.

Private Equity Group, PACIFIC EQUITY PARTNERS (AU), acquires PATTIES FOOD LTD for USD 167 M

The sale of the Aussie Food Company to PACIFIC EQUITY PARTNERS (PEP), included an equity alterative for the benefit of their shareholders. The take over was on the backdrop of poor performing profits due to a false product recall. The price per share on PATTIES FOOD was AUD 1.65 per share, reflecting a 24% premium. EV/EBITDA: 6.7x EV/SALES: 0.7x

CREMICA FOOD INDUSTRIES LTD (IN) raises USD 15 M for aggressive expansion plans

The food product company that generated USD 30 M of revenue in FY2015, raised USD 15 M from RABO EQUITY ADVISORS PVT LTD (IN). They have projected sales to hit USD 150 M and the expansion of their distribution networks to grow from 40,000 to 120,000 outlets by 2020.

Health & Beauty

BLACKSTONE, TPG, TEMASEK PLANS TO ACQUIRE KIM’S HOSPITAL CHAIN (IND)

ASCENT CAPITAL & ORBIMED ADVISORS will sell their combined 40% stake, while promoters will dilute an additional 15-20% for a deal worth USD 300 M. ROTHSCHILD is advising the exiting PE investors in KIMS. The investors have shortlisted 8-10 PE funds, and discussions are expected to begin in a month’s time.

Ales Groupe to Sell Caron Paris Fragrance Division

French fragrance house Caron is reportedly up for sale by its current owners Alès Group . Caron, founded by Ernest Daltroff in 1904 and known for fragrances such as Piour Un Homme and Tabac Blonde was originally acquired by Alès Group in 1988.

Industry

Power Sector investors CLP INDIA PTE LTD buys 49% of SUZLON ENERGY (IN)

CLP INDIA took their first step into the solar energy sector with an USD 11 M purchase of the solar wind unit of SUZLON ENERGY. CLP will look to acquire the remaining 51% after a year of operations as per the power purchase agreement (PPA).

Filipino Investment company METRO PACIFIC INVESTMENTS COR (MPIC) acquires 65% of ECO-SYSTEMS TECHNOLOGIES INTNERNATIONAL INC (ESTI) for USD 39 M

The acquisition of the environmental technology solution provider will give MPIC the entry into the wastewater treatment business. Currently, ESTI services major property developers and is the market leader in the Filipino wastewater industry, giving MPIC the front foot into the industry.

DEMETER CORPORATION, DCORP (TH) will spend USD 15.36 M to purchase 40% stake in 2 power plants

The power plants that are located in the Philippines will help DCORP meet the volume requirements outlined in their Memorandum of Understanding (MoU). DCORP is underway to diversify its Core Media Business into renewable energy and have existing Joint Ventures with solar power manufacturing giant, YINGLI GREEN ENERGY HOLDING CO (TH) .

METRO PACIFIC INVESTMENTS CORP (PH) buys 25% of BEACON ELECTRIC ASSET HOLDINGS (PH) for USD 540 M

PLDT, a communications and energy venture firm, and MPIC currently owns equal share of BEACON ELECTRIC. The funds collected by PLDT after the sale of the investment vehicle will pay a portion of the acquisition of SAN MIGUEL CORP (SMC)

VINCI Immobilier starts exclusive negotiations on the acquisition of Urbat Promotion

Urbat Promotion is an independent property developer specialising in the construction of housing in the south of France. Based in Montpelier, the company has 126 employees and generated revenue of €141 million in 2017.

Gold exploration, mining and production ANCHOR RESOURCES (SG) acquires GCT MANUFACTURING (MY)

For a deal of USD 78 M, ANCHOR aims to diversify their revenue streams and acquire various concession areas for mining as well as granite cutting facilities from GCT. Anchor is also looking to diversify its services into the granite and stone business to create more value for their customers.

MIDEA GROUP acquires Italian air conditioner maker CLIVET SpA

China’s biggest appliance manufacturer will acquire 80% of CLIVET SpA. Though details of the transaction were not disclosed, it is expected that it would be completed by this year. The acquisition would create synergies in their products, market presence, supply chain and manufacturing.

iGROW (ID) secures funds for international expansion

The Indonesia crop investment platform will use the funds led by EAST VENTURES and 500 STARTUPS to expand to Turkey and Japan. Currently iGROW are in discussions with strategic investors in Japan as well as taking advantage of the benevolent conditions in Turkey. Details of the transaction were not disclosed.

Indian electronic giant CENTUM ELECTRONIC buys 51% stake in ADETEL GROUP (FR)

Engaged in services like Defence and Aerospace, the acquisition will allow CENTUM ELECTRONICS to grow in the geographical regions familiar to ADETEL. Furthermore, they will also be able to tap on the advanced technology ADETEL has developed to accelerate their growth.

Japanese Logistics giant NIPPON EXPRESS to buy 43% of TVS LOGSITICS SERVICES (IN).

Valuing TVS LOGISTICS at USD 570 M, the deal will be priced in at USD 245 M. In a strategic move to increase its clout in South Asia, NIPPON EXPRESS plans to solidify its presence in India, the region’s largest economy.

OLAM INTERNATIONAL (SG) acquires ALABAMA’s Brooks Peanut Co (Brooks) for USD 85 M

The acquisition of the peanut shelter is the second of its kind after the 2014 acquisition of McCleskey Mills Inc (US). The Singapore Listed Agri-Business company plans to integrate direct farm procurement into their supply chain. Est. EV/SALES: 4.3x

OLAM INTERNATIONAL (SG) acquires the final 50% of ACACIA INVESTMENTS (SG)

The Edible Oils Refining and Distribution Company will now be a wholly owned subsidiary of the Agribusiness Conglomerate, OLAM INTERNATIONAL. The USD 24 M transaction is against the backdrop of high growth potential in the crude palm oil (CAGR 7.5%).

EXCEL CROP CARE (IN) has received and open offer by SUMITOMO CHEMICAL GROUP (JP) of an additional 30% stake for USD 63 M.

This acquisition is part of SUMITOMO CHEMICAL’s plan to have 75% of EXCEL CROP CARE’s shares. Being the 5th largest in revenue in India, the agrochemical company will provide a strong stepping-stone for SUMITOMO CHEMICALS business and distribution channels.

HDFC ERGO GENERAL INSURANCE CO LTD (DE) will acquire L&T GENERAL INSURANCE CO LTD (IN) for USD 82 M

L&T GENERAL INSURANCE is part of India’s largest engineering and construction company. The acquisition will allow for L&T GENERAL INSURANCE to leave this non-core business segment behind. The move was done to pare its debt and reignite its performance by focusing on the higher profit generating segments.

Thai Tile maker, THE UNION MOSAIC INDUSTRY PCL (UMI) sells 10.6% of THE ROYAL CERAMIC INDUSTRY PCL (RCI) for USD 2.76 M

Funds raised will be used by UMI to ramp up its capacity and meet working capital demands. This was instigated by poor financial performance by RCI, reporting a net loss of USD 2 M last year. EV/EBITDA: 0.7x

Indian Crop protection, chemical and seeds company UPL LIMITED acquires 26% of WEATHER RISK MANAGEMENT SERVICES (IN) for USD 1.5 M

WRMS will now be able to assist UPL’s core services in precision fanning and other farming solutions. UPL would also be able to synergise WRMS’ technological platforms to foster stronger relationships with their customers.

VOCUS COMMUNICATIONS (AUS) buys NEXTGEN NETWORKS for market share

In a deal worth USD 640 M, VOCUS (Rev FY2015: 20 M) intends to capture a larger market share and narrow the gap between market leader TELSTRA CORP. The telecom’s company will acquire NEXTGEN’s networks, which includes 17,000 KM of cables to build a fully integrated network in multiple cities.

Singapore’s sovereign wealth fund GIC will be acquiring Telecoms group EIR (IE) for USD 3.7 B

The largest telecommunications provider in Ireland reported revenue of USD 1.5 B and earnings of USD 544 M for FY2015 after coming out of its bankruptcy in 2012. Many expect this acquisition by the GIC to be a pre-IPO financing round, given that the profitability of its landline, mobile and nascent TV services are coming around. EV/SALES: 2.5x

PLDT (PH) and GLOBE TELECOM INC (PH) each acquired 50% of SAN MIGUEL CORP (PH)

The two telecommunications companies acquired SMC’s diversified conglomerate’s telco’s asset, in efforts to improve their services in their competitive landscape, as more foreign companies enter the market. The deals were made via a Sales and Purchase Agreement. EV: USD 1.5 B

New Technologies

Moscow based Venture Capital Funds raised funds for Adtech Startup LOCOMIZER (UK)

Looking across borders for opportunities, IMPULSE VC and PHYSTECH VENTURES raised USD 300 K for the British Startup. The Biotech Startup will use the investment to operating its ‘Data-as-a-Serivce” across multiple verticals. It currently already operates in EU, Japan and the US.

GARENA’s SHOPEE (SG) takes off on a long-term collaboration with National Courier POS MALAYSIA

The Ecommerce subsidiary of Southeast Asia’s largest Internet Company has teamed up with POS MALAYSIA to provide free shipping to their customers. The temporary initiative and introduction of the logistic arm by POS MALAYSIA has generated exponential sales growth for SHOPEE.

Data Analytics Venture, LYNX ANALYTICS (SG) raises the largest amount of Series A funding in Southeast Asia.

After being valued at USD 66 M, LYNX managed to secure USD 10 M from strategic investors that were not disclosed. These investors have deep understanding and knowledge of the market and will take a minority stake in LYNX

Fintech Startup EPAYLATER (IN) secures USD 2 M in funding.

The funds raised, led by HNWIs who have expertise in the Fintech space, will be used for product development and marketing. Operating on the basis of “Buy now, pay later”, the company uses an algorithm, to generate a credit limit on their online purchases. This market is expected to be USD 75 B in 2020, explaining the numerous transactions that happened the past year.

CreditVidya (IN) raises USD 2 M from venture capital fund KALAARI CAPITAL

The Fintech Startup uses non-traditional methods such as phone recharge patterns, utility payments and eCommerce activities to provide credit scoring. The team of 35 responsible for their application will use the funds to grow its headcount to 70 by the end of the year.

FinAccel (SG) a credit scoring startup secured seven-digit funding

Led by JUNGLE VENTURES, GMO VENTURE PARTNERS, AlphaJWC Ventures, 500 DURIANS and 500 TUKTUKS. Funds will be used to develop the core function of the application, KREDIVO, which is to reinvent credit scoring and digital lending in SEA and provide short-term financing for e-commerce buyers.

Luxury & Lifestyle

Media Company HT MEDIA LTD (IND) acquires Lifestyle e-tailer KOOVS.COM (IND) for USD 4.4 M

The transaction would give HT MEDIA 8.3% of KOOV PLC and this strategic investment will come against the backdrop of recent fund raising efforts that amounted to USD 32 M. Funds will be used to support the 189% sales growth in the past year.

Chanel Buys Minority Stake in F.P. Journe

Established by François-Paul Journe, who made his first watch in Paris in the early Eighties, the company has been making high-end timepieces in Geneva since 1999. It limits production to 900 watches a year, designing and building all of the movements, cases and watch cases, garnering a close following among watch collectors around the world and racking up prestigious prizes like the Geneva Aiguille d’Or, or “golden hand” Grand Prix d’Horlogerie, which it won three times.