CITIC Securities has led a $400 million funding round - with participation from CDH Investments and National Venture Capital - for China and US-based electric vehicle (EV) supplier Microvast Power Systems.
Alibaba Group's Ant Financial has raised its takeover bid for US-listed financial services company MoneyGram, topping a competing offer made by US-based Euronet Worldwide last month. The sale will provide an exit for Thomas H. Lee Partners (THL).
US private equity firm Milestone Partners has exited its controlling stake in Sweden and US-based industrial equipment company Quintus Technologies to Japan’s Kobe Steel.
Sino IC Capital, a technology-focused private equity fund manager backed by the Chinese government, has agreed to acquire US semiconductor and electronics manufacturer Xcerra in a deal that values the company at about $580 million.
SDIC Fund Management has agreed to invest $47 million in US-listed energy storage and delivery solutions developer Maxwell Technologies.
Hillhouse Capital and FountainVest Partners, along with Australia’s Seek International, have agreed to buy US-listed Chinese recruitment website Zhaopin in a deal that values the company at $1.01 billion.
US-based PE firm Alinda Capital Partners has agreed to sell Canadian heating, ventilation and air conditioning (HVAC) firm Reliance Home Comfort to Hong Kong tycoon Li Ka-Shing’s Cheung Kong Property Holdings (CKP) for C$2.8 billion ($2.1 billion).
China Oceanwide Holdings has completed its acquisition of International Data Group (IDG) and now holds a 90% stake in the target’s operating business, with IDG Capital owning the remaining 10%.
B Capital Group - a VC firm launched by Facebook co-founder Eduardo Saverin - has led a $25 million Series C round for Icertis, an India and US-based company that provides cloud-based contract management software.
The Blackstone Group has agreed to exit theme park operator SeaWorld by selling a 21% stake to Zhonghong Zhuoye Group – a Chinese real estate developer with an interest in leisure and tourism – for about $449 million.
US venture capital firms Data Collective and Promus Ventures have joined a number of existing investors in a $75 million Series D funding round for US and New Zealand-based aerospace company Rocket Lab.
US-based early-stage investor 500 Startups has agreed to establish its Australian headquarters in Melbourne after receiving financial support from the state government of Victoria.
B Capital Group has hired former Eight Roads Ventures managing director Kabir Narang as an investment partner in Singapore.
US payment services company Euronet Worldwide has extended a buyout offer worth about $2 billion for NASDAQ-listed MoneyGram, contesting a bid made earlier this year by Alibaba Group’s PE-backed affiliate Ant Financial. The pending sale will provide...
The emergence of internet-connected manufacturing has created a new investment area that will impact adjacent sectors and even entire economies for decades to come. PE is among the early movers
US-based private equity firm Platinum Equity has agreed to buy the Australia and New Zealand businesses of business products supplier Staples.
Canada's Brookfield Asset Management has agreed to buy two energy platforms operated by US-based renewable energy producer SunEdison, including one with over half its total capacity in Asia.
Formation Group, a Silicon Valley and Asia-focused venture capital firm established by Brian Koo (pictured), co-founder of Formation 8, has closed its debut fund at $357 million.
US online lender and financial services company SoFi has secured a $500 million Series F funding round led by Silver Lake for an expansion effort into Australia.
Philip Bilden, the former Asia head of HarbourVest Partners, has withdrawn himself from consideration to be US navy secretary, citing potential conflicts with his family’s business interests.
K2 Global has raised $183 million for its debut venture fund, which aims to promote cross-border development in Asian and US technology start-ups.
Several Asian VC investors have joined a $60 million Series D round for US-based virtual reality (VR) and digital cinematography technology developer Lytro to support its expansion into Asia.
SoftBank Group has agreed to acquire Fortress Investment Group – which manages $36.7 billion in alternatives – for approximately $3.3 billion in cash. It puts the Japanese company on course to become one of the world’s largest asset managers.
Thomas H. Lee Partners (THL) will exit US-listed MoneyGram following an agreement to merge the money-transfer services provider with Ant Financial, a PE-backed online financial services affiliate of Alibaba Group, in a deal that values the business at...