A creditor consortium led by Investec and Bain Capital Credit (BCC) has assumed full control of Gerard Lighting, an Australian light fittings distributor owned by CHAMP Private Equity.
China-based JD.com has invested $397 million in UK-based Farfetch, a PE-backed online luxury fashion retailer, as part of a new strategic partnership to pursue growth in China.
Travel start-ups in Southeast Asia are attracting scattered but enthusiastic interest from venture capital investors. Success in navigating the sector’s early days will be a matter of niche targeting
Chinese mobile dating app Tantan has raised $70 million in a Series D round of funding led by US-listed live video streaming firm YY and Genesis Capital, with participation from SAIF Partners China and Zhongwei Capital.
CLSA Capital Partners (CLSA CP) has invested an undisclosed sum in El Dorado Group, a beauty contact lenses manufacturer based in Japan and Hong Kong.
Now on its third PE owner, Guardian Early Learning Group is building its unique brand identity in Australia’s busy childcare sector. The key has been for each party to respect the strengths and needs of the other
The International Finance Corporation (IFC) is considering an investment of up to $25 million in a Thailand-focused fund launched by Morgan Stanley Private Equity Asia (MSPEA).
MBK Partners has sold the remainder of its stake in Japan-based coffee shop chain Komeda Holdings JPY24.3 billion ($217 million), securing a 5x return on the overall investment.
CITIC Capital Partners and FountainVest Partners plan to exit their entire stakes in Focus Media - the Chinese outdoor advertising business they helped take private in the US and then re-list in Shenzhen two years ago - within six months.
BeauCare Clinics, a Chinese plastic surgery clinic chain, has raised RMB200 million ($29 million) in a Series B round of funding led by GP Capital.
Bain Capital has made its second partial exit in three months from Japanese restaurant operator Skylark, receiving JPY41.6 billion ($373.6 million) and reducing its stake to approximately 15%.
Chinese second-hand car online auction platform Mychebao, which is backed by several PE investors including PAG Asia Capital, has raised another RMB500 million ($74 million) in an extended Series C round of funding.
Chinese smart bike rental services start-up Mobike has raised a $600 million Series E round of funding led by existing investor Tencent Holdings. It is said to be the largest ever financing round in the bike-sharing industry globally.
Guazi, an online consumer-to-consumer (C2C) used car trading platform that spun out from US-listed Chinese classifieds site 58.com, has completed a $400 million Series B round led by existing investor Sequoia Capital China.
Cool Japan Fund, a government-backed venture program for promoting cultural exports, has agreed to invest up to $10 million in a recently launched Japan-focused vehicle managed by 500 Startups.
KKR co-founders Henry Kravis and George Roberts have joined a group of investors including Chinese conglomerate Fosun International in a JPY2.5 billion ($22.8 million) round for Seven Dreamers Laboratories, a Japan-based manufacturer of personal-use devices.
Private equity investors see an opportunity in taking advantage of the popularity of Japanese brands in other Asian markets. Making these strategies work requires patience and a tolerance for risk
Divestment activity by Japanese conglomerates is finally translating into meaningful private equity deal flow, but unwinding people and assets from longstanding parents presents execution challenges
Skylake Investment has committed KRW60 billion ($53 million) in Yanolja, a South Korean online-to-offline (O2O) local services platform best known for providing discount hotel deals.
Baring Private Equity Asia will sell its minority stake in Joyful Honda, a Japan-based home improvement center operator, for JPY56.6 billion ($513 million) through participation in a tender offer launched by the company.
Chinese investment group Fortune Fountain Capital has agreed to buy a controlling stake in French luxury crystal maker Baccarat from Starwood Capital and L Catterton Partners, in a deal worth EUR164 million ($184 million).
L Catterton Asia – the regional arm of L Capital, which merged with US-based Catterton last year – is looking to raise $1.25 billion for its third fund.
Gobi Partners has led a $6 million funding round for Malaysia-based online used car purchasing platform Carsome.
Legend Capital has led a $18 million funding round for PhiSkin, a China-based chain of beauty clinics backed by H&Q Asia Pacific.