Nisun International Acquires Minority Stake in Nanjing Pin Bai Sheng

Restaurant Brands International Acquires Remaining Stakes in Burger King China

February 18, 2025

Restaurants & Hospitality

A subsidiary of Restaurant Brands International (RBI) acquired the equity interests in Burger King China from TFI Asia Holdings BV and Pangaea Two Acquisition Holdings XXIII, Ltd (Cartesian) for approximately $158 million in cash, bringing RBI's ownership to nearly 100%. RBI said it will engage advisors to identify a new local operating partner to inject capital and become the controlling shareholder as part of a strategy to support long-term growth in China.

Bain Capital Special Situations Takes ~20% Stake in IMS Nanofabrication from Intel

June 21, 2023

Manufacturing

Bain Capital Special Situations agreed to acquire an approximately 20% minority stake in IMS Nanofabrication GmbH from Intel in a deal that values IMS at about $4.3 billion. The investment (expected to close in Q3 2023) will leave IMS operating as a standalone subsidiary led by CEO Dr. Elmar Platzgummer and is intended to accelerate the company's technology innovation and market expansion in multi-beam mask writing for advanced semiconductor nodes.

Blackstone Growth Makes Minority Investment in ISN (ISNetworld)

December 17, 2020

Cloud & SaaS

Funds managed by Blackstone, led by Blackstone Growth (BXG), have made a significant minority investment in ISN (ISNetworld) at a valuation of over $2 billion. The capital will be used to support product innovation and expansion into new markets and geographies, with Blackstone becoming ISN's only outside stockholder while ISN remains employee-owned.

Advent International Invests in Seek Pet Food

August 12, 2024

Food & Beverage

Advent International has made a growth investment in Seek Pet Food, a leading Chinese third‑party pet food manufacturer headquartered in Shandong. Advent will partner with founder Fang Yuan and existing investor Boyu Capital to support product innovation (especially functional pet food), strengthen R&D and manufacturing capabilities, and accelerate Seek’s domestic and international expansion.

Polymatech Electronics Acquires Nisene Technology Group Inc.

August 5, 2024

Manufacturing

Polymatech Electronics, via its Singapore subsidiary Artificial Electronics Intelligent Materials Pte Ltd., has acquired Nisene Technology Group Inc., a 50-year-old California-based semiconductor company known for IC design and decapsulation equipment. The deal strengthens Polymatech's semiconductor capabilities by combining Nisene's silicon and silicon carbide expertise with Polymatech's sapphire-wafer technologies to develop multi-wafer semiconductor products and advanced chip fabrication/testing devices.

Eaton Acquires 50% Stake in Jiangsu YiNeng Electric's Busway Business

June 25, 2021

Manufacturing

Eaton completed the acquisition of a 50% stake in Jiangsu YiNeng Electric’s busway business, a China-based manufacturer of busway products that reported $60 million in sales in 2020. The joint arrangement expands Eaton’s power distribution and power quality portfolio in the Asia‑Pacific region to better serve data center, commercial building and industrial customers.