As Formation 8 prepares to launch an Asia fund, Brian Koo, co-founder of the venture capital firm, explains why the strategy has evolved from rolling out US technologies in Asia to backing...
Venture | 31 Aug 2015
IHH Healthcare has agreed to buy India's Ravindranath GE Medical (RGE), which operates five hospitals under the Global Hospitals brand, for INR12.8 billion ($194 million) in cash.
South Asia | 31 Aug 2015 |
PremjiInvest, the private investment firm for Wipro Enterprises Chairman Azim Premji, has led an $82 million Series F round for US-based field service software developer ServiceMax.
North America | 31 Aug 2015 |
Qiming Venture Partners has led a Series B round of funding for Linjia.me, a Chinese mobile app that offers last mile delivery services.
Greater China | 31 Aug 2015 |
Chinese private equity firm JD Capital has agreed to buy Ageas’ Hong Kong life insurance business for HK$10.68 billion ($1.38 billion).
Buyouts | 31 Aug 2015 |
Brookfield Asset Management and Kotak Mahindra’s Core Infrastructure India Fund will buy six road and three power projects from Gammon Infrastructure Projects.
Infrastructure | 31 Aug 2015 |
China-focused GP JD Capital has invested in Gaosi Education, an educational and training service provider that focuses on primary and middle school students.
Greater China | 31 Aug 2015 |
VC-backed digital media firm Komli Media has agreed to merge its India business with that of industry peer SVG Media. This follows the sale of Komli’s Southeast Asia unit to Malaysia-based Axiata Group.
Media | 28 Aug 2015 |
Chinese drug maker Shanghai Pharmaceuticals Group has partnered with Shanghai Real Power Capital to launch a healthcare-focused fund with a target of RMB3 billion ($469 million).
Greater China | 28 Aug 2015 |
Gobi Partners has led a $5.7 million Series A round of funding for Bangkok-based Eko Communications, developer of workplace messaging app Eko.
Southeast Asia | 28 Aug 2015 |
Indian seed-stage venture investment firm StartupXSeed has launched a VC fund, with an initial corpus of INR300 million ($4.5 million), to invest in Indian technology start-ups.
South Asia | 28 Aug 2015 |
Pacific Equity Partners (PEP) has completed its exit from Australian cleaning and catering contractor Spotless Group – which it privatized in 2012 and re-listed last year – through a A$374.3 million ($268.6 million) block trade.
Exits | 28 Aug 2015 |
Global Brain has committed JPY400 million ($3.3 million) to Japan-based Kabuku, which runs the 3D printing service Rinkak.
North Asia | 28 Aug 2015 |
Vogo Investment has acquired a controlling stake in Bodyfriend, South Korea's largest maker of massage chairs and other lifestyle products, in a management buyout.
North Asia | 27 Aug 2015 |
Chinese conglomerate Dalian Wanda Group has agreed to buy World Triathlon Corporation (WTC), the leading global operator of Ironman events, from Providence Equity Partners for $650 million.
Greater China | 27 Aug 2015 |
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The AVCJ Forum is the leading private equity and venture capital event in Asia. For 28 consecutive years, the AVCJ Forum has been the chosen platform where private equity's leading figures share their views on the Global and Asian market, debate their predictions and set the trends that shape the future of investments in the industry. Attended by a thousand senior delegates, the AVCJ Forum is the center of a weeklong ecosystem of investor meetings, VIP dinners and other high-level networking events that are supported by the biggest and most influential firms in the alternative assets industry.
These are important times for the private equity industry. General partners are becoming a more important and influential force in the global markets. With the diversification into other classes of the alternative space, private equity firms are cornering the market for private market investing by offering companies customized solutions for their financing needs. Traditional private equity firms have also upped their game with a renewed focus on operational value-add. Also back on the top are venture capitalists as they fuel the skyrocketing of the technology company valuations. Meanwhile, the Limited Partners community is also evolving with many positioning themselves as co-investment partners and branching out into direct investments while others continue to play the passive traditional LP role.
The AVCJ Forum will discuss all of the above and more. Don't miss the opportunity to keep abreast of all the crucial changes and developments in private equity and take part in the high level discussions that will create the outlook for the industry's future.
3-5 November 2015, Four Seasons Hotel, Hong Kong