Chinese smart phone manufacturer Xiaomi has become the world’s most valuable start-up, following a $1.1 billion round. Does its growth trajectory tally with the $45 billion price tag?...
Greater China | 07 Jan 2015 |
Wanda E-Commerce, a joint venture set up by China’s largest commercial property operator Wanda Group, Baidu and Tencent Holdings, has raised RMB1 billion ($160 million) from two offshore internet investment funds.
Greater China | 05 Jan 2015 |
A consortium led by Fosun International looks set to emerge victorious from the long-running battle for Club Méditerranée (Club Med) after rival bidder Global Resorts withdrew from the process.
Buyouts | 05 Jan 2015 |
Chinese insurance companies have been permitted to set up private equity funds that specifically focus on investing in local small and medium-sized enterprises (SMEs).
Greater China | 02 Jan 2015 |
RRJ Capital has teamed up with Philippines-based quick service restaurant operator Jollibee Foods Corporation to launch Dunkin’ Donuts in China.
Consumer | 27 Dec 2014 |
Pacific Equity Partners (PEP) has exited Australian cinema operator Hoyts Group to an investment vehicle set up by Xishuang Sun, chairman of Chinese property developer Dalian Yifang.
Exits | 24 Dec 2014 |
Shares of Samara Capital-backed Indian apparel brand Monte Carlo Fashions remain at a 9% deficit to the IPO price despite a small rally on December 22, the second day of trading.
Exits | 22 Dec 2014 |
Indian e-commerce giant Flipkart has completed another round of funding worth $700 million from a combination of new and existing investors. The company has now raised $1.9 billion in 2014 and around $2.8 billion since inception.
Technology | 22 Dec 2014 |
Thai Union Frozen Products, the world’s largest producer of canned seafood, has agreed to buy Bumble Bee Seafoods from US-based GP Lion Capital for $1.5 billion.
Exits | 22 Dec 2014 |
A consortium led by Fosun International has submitted another improved offer for Club Méditerranée (Club Med) – extending a process that has already more than 18 months and during which the bidding price has risen nearly 45%.
Consumer | 21 Dec 2014 |
Struggling Chinese sportswear retailer Li Ning plans to raise up to HK$1.69 billion ($218 million) through a share offering, with existing investors TPG Capital, Milestone Capital and GIC Private all agreeing to participate.
Greater China | 18 Dec 2014 |
EQT's 2010 acquisition of a controlling stake in Chongqing New Qinyuan Bakery – which it has just exited to Swire Pacific – was something of a coup for the European mid-market GP. Not only did the firm overcome several competitors, but it also managed...
Exits | 17 Dec 2014 |
A private funding round was not Tuniu’s original plan. Earlier this month, the US-listed Chinese online package tour provider informed regulators that it wanted to raise $100 million via a public offering.
PIPEs | 17 Dec 2014 |
The Australian operation of Jones the Grocer, a gourmet food retailer majority-owned by L Capital Asia, has gone into administration but is expected to stay open while undergoing a restructuring.
Restructuring | 17 Dec 2014 |
H Capital has led a Series C round of funding worth $60 million for Beijing Huawang Online Commerce, which operates childcare-focused Chinese e-commerce platform Miyabaobei.com.
Venture | 16 Dec 2014 |
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The outlook for the Australasian market is positive as a record number of IPO exits have provided strong returns for investors and has proven that PE can outperform listed equities and compete with global divestment figures. Fundraising in terms of dollar value has been high but the number of PE funds successfully raising new commitments has declined as investors flock to the best in class.
This is an intriguing time for Australasian PE as the industry continues to mature. GPs must evolve, diversify and display skills to drive value in a low-growth environment and justify future commitments when competing on a global state by achieving world-class results from current deals and exits.
4-6 March 2015, The Westin, Sydney
The AVCJ Indonesia Forum is back for a fourth year! Mark your calendars now and join us on March 24th, 2015 in Jakarta at Indonesia's longest running, largest and most prestigious industry gathering.
The market is relatively optimistic as a new government that is viewed favourable to a balanced investment arena is introduced and we see an increase in deal activity. The hopes for a flourishing PE market amid the euphoria of 2012 has not yet been realised but the potential is still present and now may well be the time for the country to take off in its own right and increase its reputation as THE hot market in Southeast Asia.
24 March 2015, Grand Hyatt, Jakarta