USA
PE-backed Chinese consortium buys Caesars games business for $4.4b
Yunfeng Capital, Hony Capital and CDH Investments' wealth management platform are part of a consortium that has agreed to buy Caesars Interactive Entertainment’s (CIE) social and mobile games business for $4.4 billion in cash.
MPM Capital forms VC fund with Japan's Astellas Pharma
MPM Capital, a US venture firm focused on early-stage life science companies, has launched a new investment vehicle in partnership with Japanese pharmaceutical company Astellas Pharma.
US-based Wonder Workshop raises $20m for China push
Wonder Workshop, the children's robotics manufacturer that recently agreed a distribution partnership with Chinese online retailer JD.com, has raised a $20 million Series B round to support further expansion in China.
Temasek leads $105m round for Sprinklr
Singapore’s Temasek Holdings has led a $105 million Series F round of funding in Sprinklr, a US-based social media company targeting growth in Asia Pacific.
KKR’s Kravis sees Asia promise amid global macro volatility
Henry Kravis, co-founder of KKR, emphasized the importance of Asia’s rising middle class and the diversification of his firm’s investment approach as continued volatility globally is likely to deliver both uncertainty and opportunity.
Diamedica gets $4m for China push
Hermed Capital Healthcare Fund, a PE vehicle managed by Shanghai Fosun Pharmaceutical Group and Korea’s SK Group, has committed $4 million to a China expansion drive by US-based Diamedica.
Protean Electric gets $70m round led by GSR, targets China expansion
GSR Ventures has participated in a $70 million financing round for Protean Electric, a US automobile equipment developer with an expanding operations base in China.
India’s VC-backed Yatra Online agrees backdoor US listing
VC-backed Yatra Online, an Indian travel services provider, has agreed to be acquired by a special purpose US buyout firm as part of a backdoor NASDAQ listing scheme that values the company at $218 million.
Asia more attractive due to Western dysfunction - AVCJ Forum
The Asia opportunity for private equity has become all the more compelling for the political uncertainty blighting Western markets, investors told the AVCJ USA Forum.
Chinese investors in $181m round for US-based Unity
Unity Technologies, a US-based video game engine maker, has closed a $181 million Series C round of funding led by DFJ Growth, with participation from China Investment Corporation (CIC) and Chinese early-stage investor FreeS Fund.
CX Partners, Capital Square to exit India's Minacs to US strategic
CX Partners and Capital Square Partners have agreed to exit India and US-based business process outsourcing (BPO) firm The Minacs Group to US-based BPO provider Synnex.
Baring Asia, Onex buy Thomson Reuters unit for $3.5b
Baring Private Equity Asia and Canadian buyout firm Onex Corporation have agreed to acquire Thomson Reuters’ Intellectual Property and Science (IP&S) business for $3.5 billion.
Farallon raises $1.1b for Asia, Latin America special situations fund
Farallon Capital Management has closed its third special situations fund focused on Asia and Latin America at $1.1 billion.
Tipping points: Asian LPs target the US
While global private equity firms have well-established channels for tapping Asian institutional investors, it continues to be challenging for LPs from this region to access North America's middle-market managers
Cross-border VC: Changes in the wind
US-China cross border investment continues to present exciting opportunities for venture capital firms targeting technology start-ups, but investors must keep up with the pace of the market’s transformation
Stripes Group leads $81m round for India's Bigtree Entertainment
US venture capital firm Stripes Group has led an INR5.5 billion ($81.4 million) funding round for India’s Bigtree Entertainment, the company behind cinema and events ticketing site BookMyShow.
American dreams: China targets US semiconductor assets
Chinese interest in semiconductor assets has again put the Committee on Foreign Investment in the US under the spotlight. Not all deals get through, but corporate China is generally braver and better informed
DCM closes Asia-US fund at $500m hard cap
DCM has closed its latest global fund, which primarily targets investments in China and the US, at the hard cap of $500 million.
US-based Ayla gets $39m round for Asia expansion
Chinese boutique investment bank and asset manager Ants Capital has led a $39 million Series C round for Ayla Networks as the US-based internet-of-things (IoT) company consolidates its Asian footprint.
Cartesian Capital backs Australia's White Rock Minerals
US-based private equity firm Cartesian Capital has committed $20 million in project development financing to Australian mining company White Rock Minerals.
IDG leads $60m round for US fintech start-up's China push
IDG Capital Partners has led a $60 million financing round for Circle, a US-based financial technology start-up seeking to build a blockchain-supported peer-to-peer payments system business in China.
Japan's SBI partners with Filipino VC
Japanese financial services company SBI Holdings has acquired a 35% stake in the venture arm of Investment & Capital Corporation of the Philippines (ICCP) with an aim to co-manage a VC fund.
Korean PE-backed Acushnet files for US IPO
Acushnet Holdings, a golf equipment and apparel business backed by Korean PE investors, has filed for an US IPO.
Chinese consortium in $2.75b deal for NXP Semiconductors unit
NXP Semiconductors, a Dutch chip maker listed in the US, has agreed to sell its standard products business to Chinese state-owned private equity firm Jianguang Asset Management (JAC Capital) and Wise Road Capital for $2.75 billion.