Asian Venture Capital Journal (AVCJ)
The Hong Kong and Southeast Asia business of Fitness First, which is controlled by Oaktree Capital Management, has agreed to merge with Celebrity Fitness, a Southeast Asia gym operator owned by Navis Capital Partners.
Indonesian VC firm Kejora Ventures has reached a first close of nearly $25 million on its second fund and plans to expand into Thailand with the support of one of its LPs, the Chareon Pokphand family, which controls local conglomerate CP Group.
Bain Capital Private Equity has made a partial exit from Australian accounting software developer MYOB, reducing its holding from 56.25% to approximately 39.1%.
Australia’s lower middle market is rich in investment opportunities but underpenetrated by private equity. Local family offices are increasingly keen on participating, although in their own way
After more than 25 years between them at Pacific Equity Partners, Anthony Kerwick and Rob Koczkar departed in 2014 to pursue other opportunities. They have now joined forces as Adamantem Capital
Jenny Lee, managing partner at GGV Capital, discusses the venture capital environment in China
Meituan-Dianping, a China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has launched a RMB3 billion ($436 million) fund that will make early-stage consumer sector investments.
Silicon Valley-based early-stage investor 500 Startups has appointed Edith Yeung as Greater China partner, replacing Rui Ma who left the firm last year to launch her own fund.