Chinese private equity firm Ocean Management has made a take-private offer for domestic travel site Qunar that values the US-listed company at about $4.4 billion.
Ant Financial, the online finance affiliate of China's Alibaba Group, has joined a consortium of investors supporting the establishment of Xinmei Mutual Life Insurance Agency.
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.
Indian logistics management software developer FarEye has raised a $3.5 million Series A round from SAIF Partners.
Varun Beverages, a major drinks manufacturer and bottler for PepsiCo in South Asia backed by several PE investors, has filed for an IPO.
Japanese institutional investors are increasingly interested and active in private equity, but engagement with the asset class is hampered by culture, limited human resources, and the lengthy time horizons involved, LPs told the AVCJ Japan forum.
Japanese technology conglomerate SoftBank has named a successor to COO and President Nikesh Arora, who stepped down earlier this week.
Chinese state-owned Poly Real Estate Group has set up a private equity fund worth $2.5 billion ($380 million) to invest in Chinese leading ride-hailing app Didi Chuxing as part of its latest round.
Canada Pension Plan Investment Board (CPPIB) has named Suyi Kim and Deborah Orida as managing director, head of Asia and managing director, head of private equity Asia, respectively.
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.
Singapore government-backed investment group Temasek has raised $510 million through its issuance of bonds backed by 34 private equity funds.
Creador has exited the remainder of its stake in India-based non-banking finance company Cholamandalam Investment and Finance (CIF) for INR2.2 billion ($32.5 million).
PE firms are seeing more potential deal flow in Japan’s middle market as the lingering succession planning issues facing local founders intensify, and companies struggle to recruit the talent needed to support growth.
VC-backed UrWork, a co-working space provider for Chinese start-ups, has completed a pre-Series B round worth RMB300 million ($46 million) from Chinese commercial property developers Yintai Land and Zhongrong International Trust.
VC-backed Chinese vacation-rental website Tujia.com has agreed to take control of its industry peer Mayi.com, which has also received venture investment, for an undisclosed sum.
Jafco has led a $20 million Series A financing round for Quoine, a Singapore-based bitcoin trading platform.
Tencent Holdings has agreed to buy a majority stake in Finland-based mobile game developer Supercell, allowing SoftBank to exit its entire holding in the company in a deal valuing it at $10.2 billion.
Australia’s IFM Investors is aiming to enhance its PE business with the appointment of former CHAMP Ventures co-head Stuart Wardman-Browne as executive director of the investment group’s private capital team.
Nikesh Arora, the president and COO of Japanese technology conglomerate SoftBank and the presumptive successor of CEO Masayoshi Son, will step down from his positions at the company.
Direct secondaries specialist NewQuest Capital Partners has reached a final close of its third fund at the hard cap of $540 million, increasing it from the original hard cap of $520 million in order to accommodate investor demand.
Acushmet Holdings, a golf equipment and apparel business backed by Korean PE investors, has filed for an US IPO.
India's government will allow unlimited foreign direct investment (FDI) in a wide range of sectors, including online grocery.
KKR has sold its stake in French district heating provider Coriance to First State Investments, the asset management division of the Commonwealth Bank of Australia.
NewMargin Ventures has led a RMB70 million ($10.6 million) Series A round of funding for Flower Plus, a Chinese mobile flower ordering platform.