National Australia Bank (NAB) will set up a A$50 million ($36 million) fund to invest in start-ups that help enhance its financial services product offerings.
Financials | 30 Jul 2015 |
Broadline Capital has led a $35 million Series C round of funding for peer-to-peer (P2P) lending platform China Rapid Finance. The investment gives the business a pre-money valuation of $1 billion.
Financials | 28 Jul 2015 |
Bermuda-based White Mountains Insurance Group has agreed to sell its subsidiary Sirius International Insurance Group to China Mingsheng Investment (CMI) for $2.2 billion.
Greater China | 28 Jul 2015 |
Firstp2p, a Chinese online peer-to-peer (P2P) financing site, has raised a $41 million Series B round of funding from San Shan Capital, CITIC Capital and China Equity.
Greater China | 27 Jul 2015 |
The South Korean government is once again trying to sell its controlling stake in Woori Bank, this time dividing the asset into multiple tranches so that there is no one dominant shareholder.
PIPEs | 23 Jul 2015 |
China International Capital Corp. (CICC), which is backed by KKR, TPG Capital and Singapore’s GIC Private, among others, has filed for a Hong Kong IPO. The company is said to be looking to raise around $1 billion.
Exits | 23 Jul 2015 |
Indian mobile point-of-service (POS) developer Mswipe has raised $25 million in Series C funding from a group of investors including Matrix Partners, Falcon Edge Capital and Meru Partners.
South Asia | 23 Jul 2015 |
Digital networks are remaking communication patterns across the world; where people living abroad once relied on postal services and analog telephone lines, now their loved ones are just an instant message away.
Southeast Asia | 22 Jul 2015
Singapore's government-sponsored investment fund Temasek Holdings and United Overseas Bank (UOB) have agreed to form a joint vehicle which will offer $500 million in venture debt financing to start-ups in China, India and Southeast Asia.
Southeast Asia | 22 Jul 2015 |
Greenwoods Investment has led a RMB200 million ($32 million) Series A round of funding for Rongzi.com, a Chinese internet finance platform, with participation from New Access Capital.
Greater China | 20 Jul 2015 |
Canada-based Fairfax Financial Holdings has offered to buy a 26% stake in Carlyle-backed financial services company IIFL Holdings Limited for INR16 billion ($255 million).
South Asia | 16 Jul 2015 |
Hangzhou Wacai Science, a Chinese personal finance management mobile app developer, has raised an additional $80 million in an extended Series B round of funding led by New Horizon Capital.
Greater China | 16 Jul 2015 |
TPG Capital has led a $41 million Series C round of funding for Sinowel Enterprise Group, a Chinese third-party wealth management firm.
Greater China | 15 Jul 2015 |
Asia-focused investment firm Rising Dragon Singapore has led a $15 million Series B round of funding for Fastacash, a Singapore-based social payments platform.
Southeast Asia | 14 Jul 2015 |
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South Korea continues to solidify its position as a premier destination for Asian private equity and venture capital investments. In 2014, nearly US$11 billion was invested into South Korean companies with exits topping US$8 billion, the highest return figures in the last 10 years. It is easy to see why international and domestic GP's hold South Korea in high regard, being one of few Asian destinations where large leveraged buyouts are possible.
Venture capital is also gaining momentum as the Park Geun Hye-led government continues to advance on initiatives to promote innovation and foster SMEs. With capital inflows and creative input from local and international VCs, South Korea is living up to its reputation as a flourishing venture ecosystem as we witness the rise of angel consortia, accelerators, and local offices for established VC funds.
This intensive and highly focused event will provide front row seats into one of Asia's most vibrant private equity markets. Key players will share their views on private equity and venture capital in Korea, Asia and beyond.
15 September 2015, South Korea- Westin Chosun, Seoul