China-based ride-hailing app operator Didi Kuaidi has invested $100 million in US counterpart Lyft as part of a strategic alliance between that will allow each company to use the other’s...
Expansion | 18 Sep 2015 |
FountainVest Partners has led a $223 million Series C round of funding for Chinese online real estate services platform Fangdd.com.
Greater China | 17 Sep 2015 |
Vertex Ventures and Sinar Mas Digital Ventures have led a $12 million funding round for Indonesia-based online grocer HappyFresh.
Southeast Asia | 15 Sep 2015 |
Indian used motorbike marketplace CredR has raised a $15 million Series A round from Eight Roads Venture, formerly called Fidelity Growth Partners.
South Asia | 14 Sep 2015 |
Pacific Equity Partners (PEP) has acquired health foods business Manuka Health New Zealand for an undisclosed sum. The deal facilitates an exit for New Zealand-based GP Waterman Capital.
Buyouts | 11 Sep 2015 |
China-based B2B liquor-trading platform Yijiupi has received RMB200 million ($31.3 million) in a Series B funding round led by Source Code, a VC firm created last year by Yi Cao, formerly of Ceyuan Ventures and Sequoia Capital.
Consumer | 11 Sep 2015 |
Oaktree Capital Management will contribute to a $175 million restructuring package for Australian surfwear brand Quiksilver, which has voluntarily taken its US business into bankruptcy.
PIPEs | 10 Sep 2015 |
Australia-based CHAMP Private Equity is set for a partial exit from Accolade Wines after agreeing to sell its 50% stake in UK-based drinks wholesaler Matthew Clark to Conviviality Retail, owner of a franchised off-license chain in the UK.
Consumer | 09 Sep 2015 |
Everstone Capital has agreed to buy India-based Hindustan Unilever’s bread and bakery business for an undisclosed sum.
Consumer | 09 Sep 2015 |
As e-commerce continues to grow in China, demand for last-mile delivery services that get the goods to the consumer on time and in good shape has yet to be fully addressed. While leading online food-ordering platforms, such as Ele.me and Baidu’s Waimai,...
Venture | 09 Sep 2015
The likes of Uber and Airbnb are looking for strategic partners to help them enter the China market. Can they do better than eBay and Amazon a decade ago, both of which were swamped by local competition
Technology | 09 Sep 2015
Temasek Holdings and existing investor Vy Capital have committed $60 million in funding to Indian online restaurant and event guide Zomato.
South Asia | 08 Sep 2015 |
Paine & Partners’ proposed exit from North America-based seafood business Icicle Holdings to a company owned by Indonesia’s Soetantyo family has been terminated.
Exits | 08 Sep 2015 |
A consortium led by MBK Partners has agreed to buy Homeplus – Tesco’s South Korea unit – at an enterprise valuation of GBP4.2 billion ($6.4 billion). Canada Pension Plan Investment Board (CPPIB) will contribute $534 million to the deal. Other co-investors...
Buyouts | 07 Sep 2015 |
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The Australasian alternative assets industry is evolving and this is creating a new set of challenges for participants. Funds seeking new commitments typically require the lion share to be from offshore, the deal environment is competitive and in general market activity has slowed reflecting the regions overall macro-economic story. However, a handful of funds have had successful fundraises and it is clear that the GPs that measure up when benchmarked on a global stage will continue to drive the domestic industry forward.
This is an intriguing time as Australasian PE matures. Succession planning strategies, sourcing offshore commitments, creating a team that can deliver real operational value, customising the PE model and finding attractive investment and exit opportunities in a slow market are all key topics for debate.
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9-10 March 2016, China World Summit Wing, Beijing