L Capital Asia, the private equity unit of multinational luxury giant LVMH, has invested $200 million in Trendy International Group, a Chinese casual-wear company, contrary to an earlier report in the South China Morning Post that put the price at $2 billion.
L Capital Asia has purchased a 10% stake in Guangzhou-based Trendy, which directly owns hundreds of stores and franchises for its four brands, including its largest brand Ochirly, The Wall Street Journal,...
Morningside Venture Capital, a China-focused early-stage VC firm that used to manage only US dollar-denominated funds, has closed its first renminbi vehicle at RMB1 billion ($143 million).
TPG Capital has agreed to acquire a controlling position in Vietnam Australia International School (VAS), facilitating an exit for existing backers Mekong Capital and Denmark-based MAJ Invest.
Apax Partners has agreed to invest $388 million in Guotai Junan Securities as the largest cornerstone investor in the Chinese brokerage’s HK$16.5 billion ($2.1 billion) Hong Kong IPO.
Consumer-focused GP ClearVue Partners has led a RMB200 million ($30 million) Series B round of funding for I Believe, a Chinese convenience store operator.