Asian Venture Capital Journal (AVCJ)
PAG Asia Capital has acquired a controlling interest of nearly 75% in Zhenai, a Chinese online matchmaking and dating service provider that earlier this month abandoned plans for a reverse merger in Shenzhen.
Hong Kong-based special situations investor SSG Capital Management has paid an undisclosed sum for a 34.4% stake in a UK subsidiary of Indian travel company Cox & Kings (C&K) known as Prometheon Holdings.
Shouqi Limousine & Chauffeur, a Chinese ride-booking app backed by local transportation company Shouqi Group, has raised RMB1.3 billion ($195 million) in a Series B round across two tranches.
The proliferation of fund managers targeting relatively focused investment segments signals a new maturity in Asian private equity. The trend will evolve in step with regional markets
Lewis Rutherfurd of Inter-Asia Venture Management, Brooks Zug of HarbourVest Partners, Dan Carroll of Brooklands Capital Strategies, and Piau-Voon Wang on how private equity got started in Asia
Gary Rieschel, founding managing partner at Qiming Venture Partners, got his first taste of China VC while working for SoftBank in the 1990s. He recollected to AVCJ how the industry made its mark on a global scale
KKR has appointed David Katz, formerly deputy global head and Asia Pacific head of government relations at PayPal, as a director and head of public affairs for the region.
General Atlantic (GA) has hired Pamela Fang, formerly head of Actis' investor development group in Asia, as a managing director to lead its capital partnering efforts in Asia.