US-listed Chinese classifieds site 58.com has agreed to buy a 43.2% stake in its domestic rival Ganji.com in a deal worth around $1.61 billion. It is part of a broader consolidation in China’s...
Venture | 20 Apr 2015 |
Japanese e-commerce firm Rakuten has bought a less than 10% stake in VC-backed Chinese discounts site Fanli in a Series C round of funding that values the business at about $1 billion.
Greater China | 20 Apr 2015 |
The Carlyle Group has fully exited Chinese home appliance maker Haier Electronics Group (HEG), raising HK$3.29 billion ($424 million) through a block trade.
Greater China | 17 Apr 2015 |
Affinity Equity Partners has agreed to buy Australia-based Nine Entertainment’s live events and ticketing business for an enterprise valuation of A$640 million ($496 million).
Buyouts | 16 Apr 2015 |
India-based online grocery marketplace Grofers has raised a Series B round of funding worth $35 million from Tiger Global and Sequoia Capital.
South Asia | 16 Apr 2015 |
L Capital Asia is being sued in Singapore's high court over its decision appoint administrators to gourmet food retailer Jones the Grocer by the company's former CEO John Manos.
Australasia | 16 Apr 2015 |
A group of private equity investors including KKR is set to buy Korean e-commerce mobile app Ticket Monster from US-based Groupon in a deal that could value the company as highly as $800 million.
North Asia | 15 Apr 2015 |
Baofeng Mojing, a Chinese virtual reality headset manufacturer, has raised $10 million in a Series A round of funding led by film producer Huayi Brothers Media.
Greater China | 15 Apr 2015 |
Indian local services marketplace LocalOye has raised a $5 million Series A round of funding from Tiger Global Management and Lightspeed Venture Partners.
South Asia | 15 Apr 2015 |
Japanese telecom giant KDDI has acquired a majority stake in VC-backed premium group-buying site Luxa.
Buyouts | 15 Apr 2015 |
In six years of operation, Singapore’s Hera Capital has pursued a strategy focusing on small funds and quick deployment. Managing Partner Thierry Panafieu explains the virtues of staying small
Southeast Asia | 15 Apr 2015
Having raised $850 million - the largest disclosed round for a Chinese tech start-up so far this year – in a matter of months, Dianping is now thought to be nearing an IPO. The investment values the 12-year-old company, described as a Chinese version...
Expansion | 15 Apr 2015 |
The chairman of Chinese app developer Sungy Mobile has submitted an offer to take the VC-backed company private less than 18 months after it went public on NASDAQ.
Buyouts | 14 Apr 2015 |
China Media Capital (CMC) has teamed up with London-headquartered TV producer FremantleMedia and Shanghai Media Group (SMG) to create a joint venture that will develop entertainment content for the China market.
Greater China | 14 Apr 2015 |
Vietnamese restaurant operator Huy Vietnam has raised a $15 million Series C round of funding led by Templeton Asset Management. Hong Kong-based firms Welkin Capital and Prosperous Alliance also took part in the round.
Southeast Asia | 14 Apr 2015 |
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In 2015, China is expected to experience a "new normal of growth". For private equity investors, China's new stage of growth represents huge opportunities: an increase of 270% in online consumption, the reform of over a hundred sovereign-owned enterprises, trillion-dollar investments into overseas infrastructure projects, the rising entrance of young entrepreneurs, and many more.
To be held on 28 and 29 May, the 14th annual AVCJ China Forum 2015 in Beijing will feature these exciting topics and bring together top-notch speakers from across the world.Join the premium industrial gathering of over 300 private equity professionals, regulators and senior executives for two days of mind-provoking discussions, networking and more.
28-29 May 2015, China World Summit Wing,Beijing
There is a feeling that now is a shrewd time to invest in Japan and take advantage of the favourable conditions for private equity. Valuations are low compared with the rest of Asia and strategic buyers and the IPO market are providing an attractive route for exits. There are also signs that corporate Japan is slowly coming around to engaging PE as a potential buyer for non-core assets and recent developments at the GPIF suggest that PE will be under strong consideration for allocations from pension funds in the near future as well as regional banks committing to the asset class right now.
The macro concerns that have been present for many years still remain in terms of low growth and currency depreciation but these are encouraging times for fund managers looking to both raise capital from Japanese LPs and make investments.
245-26 June 2015, Conrad Hotel, Tokyo