Articles by Winnie Liu
CFIUS approves Shuanghui acquisition of Smithfield Foods
The Committee on Foreign Investment in the United States (CFIUS) has cleared the way for PE-backed Chinese pork producer Shuanghui International to buy US counterpart Smithfield Foods, overcoming one of the biggest hurdles to the $4.7 billion deal.
Shenzhen Capital invests in China mobile app start-up ShareSDK
Shenzhen Capital Group has committed a Series A round of funding to ShareSDK, a Guangzhou-based mobile app service provider. Details of the investment were undisclosed.
Matrix India commits $6m to Meditrina Hospitals
Matrix Partners India has invested INR400 million ($6 million) in Kerala-based Meditrina Hospitals for a significant minority stake. The private equity firm is the sole participant in the first round of investment.
Hamilton Lane closes third secondaries fund at $900m hard cap
Hamilton Lane has held a final close of $900 million on its Hamilton Lane Secondary Fund III, surpassing the original target of $650 million.
Temasek, DCM back $60m round for China travel site Tuniu
Temasek Holdings and existing backer DCM have invested in a $60 million Series D round of funding for Tuniu.com, a Chinese online travel tour provider.
Carlyle, Milestone, Orchid Asia among cornerstones for China Tenwow IPO
The Carlyle Group, Milestone Partners and Orchid Asia will participate as cornerstone investors in the proposed Hong Kong IPO of Chinese packed food and beverage producer Tenwow International. The private equity investors will inject a combined of $92.3...
Grocery tycoon launches China retail fund
After selling his family business, Chinese hypermarket chain Home World Group, Yucun Du was on the lookout for a new project. Perhaps we shouldn’t be surprised to learn that he set up a private equity firm.
China’s BVCF targets super bacteria
“Large pharmaceutical firms aren’t putting a lot of resources into developing antibiotics nowadays because they can make more money producing drugs for chronic-related diseases, or cancer treatments,” observes Zhi Yang, founder and managing partner...
Shenzhen Capital Group invests in China credit IT system e-Buy
Shenzhen Capital Group has invested in China e-Buy Technology, a Shanghai-based firm which provides credit redemption solution. Investment size has reportedly amounted to RMB32.4 million ($5.29 million).
China’s Gaw Capital launches US arm
Gaw Capital Partners, the Hong Kong-based private equity real estate investor, has formed an office in the US. It plans to raise a $300-500 million dollar-denominated Fund in the fourth quarter.
China’s Fosun raises $525.2m for outbound fund
Chinese conglomerate Fosun International has secured $525.2 million for its China Momentum Fund, which is targeting $1 billion for outbound investment.
Horizons, Infinity, IFC invest $65m in Israeli bio-agritech firm Kaiima
Kaiima Bio-Agritech, an Israel-based seed and breeding technology firm, has raised over $65 million from three new investors including Hong Kong billionaire Li Ka-Shing’s Horizons Ventures, International Financial Corporation (IFC), and Infinity Group....
Carlyle, Cathay Capital, PingAn jointly invest in Meinian Onehealth
A consortium, comprising The Carlyle Group, Cathay Capital Private Equity and China Ping An Insurance, has agreed to invest RMB300 million ($49 million) in Meinian Onehealth Healthcare Group, the largest private provider of preventive healthcare check-up...
China video app Yixia.com completes $25m Series B round
China mobile video app Yixia.com has completed a $25 million Series B round of investment led by internet giant Sina Corporation. Existing backers Redpoint Ventures and Morningside Ventures also participated in the round.
China Everbright’s private markets business sees profit spike
China Everbright's private market business - which includes a variety of PE, VC and sector funds - generated a pre-tax profit of HK$205 million ($26.4 million) in the first half of 2013, up 17% year-on-year.
TPG-backed China Grand Auto plans $500m Hong Kong IPO – report
TPG Capital-backed China Grand Automotive Group reportedly plans to raise at least $500 million through a Hong Kong IPO early next year.
Carlyle, Townsend commit $200m to China warehousing platform
The Carlyle Group and the US-based investment firm The Townsend Group will have agreed to invest $200 million in logistics warehouses in China. The capital will be used to acquire an undisclosed stake in five warehouses owned by Shanghai Yupei Group and...
China education site Fenbi.com to raise Series B round
Fenbi.com, a Beijing-based online education platform, is about to close its second round of VC funding. It is said that IDG Capital Partners and Matrix Partners China have joined the round, taking total capital raised to $7 million.
SIG Asia leads $18m round for China photo app Camera360
SIG Asia Investment (SAI), an affiliate of US financial group the Susquehanna International Group, has led a $18 million Series B round of funding for Camera360, a photo-editing mobile app. Existing backers Matrix Partners China and Gobi Partners also...
Qiming invests in China mobile games developer Cachejoy
Qiming Venture Partners has invested in a Series B round of funding for Cachejoy, a Chinese mobile gaming developer also known as Beijing Tiangua Online Technology. The size of the round was not disclosed.
Taiwan IPOs: An alternative exit
With the nascent T-shares program plus a string of incentives, Taiwan wants to establish itself as a hub for China IPOs. Can it pare down the regulatory detritus and make this dream come true?
TPG to invest $108.6m in China Xinyuan Real Estate
TPG Capital plans to invest $108.6 million in Xinyuan Real Estate, a US-listed Chinese property developer, by subscribing to a combination of convertible notes and common shares.
Alvarez & Marsal appoints Asia forensic, disputes services head
Alvarez & Marsal (A&M), performance improvement, turnaround and business advisory services provider, has appointed Keith Williamson as Asia leader of its global forensic and dispute business in Hong Kong and China.
SAIF Partners, Telescope hold first close on China retail growth fund
SAIF Partners and China Telescope Investments have reached a first close of RMB300 million ($49 million) on their China retail growth fund. The vehicle - Telescope Consumer Growth Fund I – will support the development of retail and consumer products,...