China Everbright and its portfolio company Focus Media, a Chinese outdoor advertising business, have launched a RMB5 billion ($750 million) investment fund that will invest in the technology, media and telecom (TMT) sector.
The Carlyle Group has fully exited its remaining stake in Australian ports operator Qube Logistics for a reported A$350 million ($263 million).
Institutional investors expect private equity funds to deliver outsize returns, regardless of the lower growth environment in Asia, which means GPs must focus more on making a difference to portfolio companies at the micro level.
UOB Venture Management (UOBVM), a subsidiary of Singapore’s United Overseas Bank, has led a RMB200 million ($30 million) Series C round for HunterOn, a Chinese online recruitment services provider.
Indian mid-market PE firm Ambit Pragma has invested in Prime Focus Technology (PFT), a subsidiary of Indian media services company Prime Focus.
A unit of China Zhongwang has agreed to buy US aluminum company Aleris Corporation in a deal worth $2.3 billion, facilitating an exit for majority owner Oaktree Capital Management.
Beijing Allcure Medical Technology, a Chinese medical start-up that develops cloud-based radiotherapy technology, has raised an extended Series A round of funding worth RMB180 million ($27 million).
Sequoia India and US-based Sands Capital Ventures have led a $27.4 million Series B round of funding for Mitra Biotech, an India and US-based company that focuses on personalized cancer therapies.
HappyFresh, a Southeast Asian online grocery delivery platform, has raised a Series B funding round led by Dubai-based private equity firm Samena Capital.
Bessemer Venture Partners has led a INR1 billion ($14.9 million) funding round for Indian online home design portal LivSpace.
The International Finance Corporation (IFC) will invest up to $15 million in the debut fund of Philippines-based private equity firm Sierra Madre Managers.
David Liu, co-head of Asia private equity and head of China at KKR, and Julian Wolhardt, the regional leader of China, will leave the firm at the end of this year to raise a China-focused fund.
CVC Capital Partners has once again entered into a partnership with Indonesia’s Lippo Group, agreeing a IDR2.2 trillion ($165.7 million) deal to invest in Siloam International Hospitals, which is controlled by the Riady family-owned business.
Ocean Link, which claims to be the first PE firm dedicated to investing in China’s travel and tourism sector, has received backing from General Atlantic and domestic online travel agency Ctrip.
New Zealand’s Spotlight Reporting, a cloud-based accounting services provider, has received NZ$5 million ($3.6 million) in Series A funding from investors including the Global from Day One (GD1) Fund II.
Net1, a NASDAQ-listed payment services provider with a presence in South Africa and Korea, has committed $40 million to Mobikwik, an Indian mobile wallet start-up that has received several rounds of VC funding.
Testin, a China-based mobile app testing service provider, has completed a $30 million round of funding led by an undisclosed US dollar-denominated venture fund.
Monk's Hill Ventures and Kickstart Ventures, a unit of Philippines telecommunications company Globe Telecom, have invested in Manila-based real estate marketplace ZipMatch.
Indian private equity firm Paragon Partners has led a INR1.1 billion ($16.5 million) investment in domestic engineering components supplier Maini Precision Products (MMPL).
Kerogen Capital, a Hong Kong-headquartered GP specializing in international energy investments, has closed its second fund at $830 million.
China-based CDH Investments has closed its latest renminbi-denominated mezzanine fund at RMB3.5 billion ($525 million), exceeding a target of RMB2 billion.
Navis Capital Partners will complete its exit from WorldMark Group after agreeing to sell the Australia-based after-market car services provider to Quadrant Private Equity. Following the earlier sale of WorldMark’s consulting business, total proceeds...
Chinese healthcare-focused VC firm I-Bridge Capital has launched a joint venture (JV) with Israeli biopharmaceutical company BioLineRx that will target cross-border penetration of Chinese markets.
Ebaoyang, a Chinese on-demand car maintenance services provider, has received an initial RMB150 million ($23 million) for its Series C round from One Capital and existing investor Source Code Capital. The round has yet to close.