Everything always seems clearer and easier to understand with the benefit of hindsight. While it seems pretty apparent now that Asian private equity would emerge as a leading asset class for investors around the world, it was actually quite difficult to imagine 12 years ago that the kind of stories we have covered in recent issues of AVCJ would be possible.
For example, I hope that most of you will have read the excellent cover story focused on placement agents in the last issue of AVCJ. For those of us that have been in the Asian private equity business...
Chinese internet giant Alibaba Group has acquired a 4% stake in S.M. Entertainment, a South Korean music agency, for KRW35.5 billion ($29.8 million).
Oyo Rooms, an India-based budget hotel booking app backed by SoftBank Corp. and other VCs, has acquired industry rival Zo Rooms, which counts Tiger Global Management as an investor.
Chinese online hotel booking site eLong has agreed to buyout led by a consortium of existing shareholders, including Tencent Holdings and Ctrip. The deal values the company at approximately $647 million.
Singapore-based IMJ Investment Partners has raised JPY2 billion ($17.7 million) for a venture capital fund that will back start-ups in Japan. The full target is JPY6 billion.