Articles by Holden Mann
China Renaissance unit Huaxing Capital targets $150m fundraise
Huaxing Capital, the principal investment division of boutique investment bank China Renaissance, has launched its latest fund with a target of $150 million.
Indian regulator approves Baring Asia's acquisition of CMS
Baring Private Equity Asia has received permission from India's Competition Commission to acquire ATM management service CMS Info Systems, providing an exit for The Blackstone Group.
Chinese face recognition start-up raises $25m
Face++, a Chinese producer of facial recognition software, has raised $25 million from unnamed investors as part of its Series B round.
Taiwan's JHL Biotech raises $45m in Series C round
Taiwan-based biopharmaceutical company JHL Biotech has raised a $45 million Series C round, led by an unnamed investor. Existing backer Milestone Capital also participated, along with newcomers Sungent BioVenture and Liwick Investment Management.
Neuberger Berman names ex-HKMA executive as head of Asia PE
Kent Chen, a former manager at the Hong Kong Monetary Authority (HKMA), has been appointed managing director at Neuberger Berman and head of the firm's Asia Pacific private equity efforts.
Mandala commits $15m to India's Godavari Biorefineries
Mandala Capital has invested $15 million in India's Godavari Biorefineries, a producer of foods, biofuels, specialty chemicals and power.
SIDBI, Maharashtra government form $31m start-up fund
The government of the Indian state of Maharashtra has paired with the Small Industries Development Bank of India (SIDBI) to set up a INR2 billion ($31.1 million) venture fund for micro, small and medium enterprises (MSMEs).
India e-commerce: Grocery growth spurt
There has been a proliferation of start-ups in India’s online grocery sector, and investors have taken notice. But the companies that survive in the harsh competition to come will have to be tough
Australia's Tank Stream raises $15.8m to back start-ups
Australia's Tank Stream Ventures has raised a A$20 million ($15.8 million) fund to invest in local tech start-ups.
VC investors commit to Indian online education start-ups
Two Indian online education start-ups have received venture capital funding, with Toppr raising a $10 million round led by Fidelity Growth Partners and Vedantu attracting $5 million in Series A funding from Accel Partners and Tiger Global.
India's Delhivery gets $85m Series D round
Tiger Global has led a Series D round for Indian e-commerce logistics service Delhivery that netted the company $85 million. Existing investors Multiples Alternative Asset Management, Nexus Venture Partners and Times Internet also participated.
Actis agrees exit from India's Phoenix Lamps
Private equity firm Actis has reached an agreement to exit its stake in Indian automotive lighting manufacturer Phoenix Lamps to cable maker Suprajit Engineering.
Indonesia infrastructure: Proceed with caution
Having promised a massive increase in infrastructure spending, Indonesia’s government wants foreign investors to help move projects along. Private equity players see opportunities, but also risks
PE-backed Numero Uno files for India IPO
Indian apparel retailer Numero Uno Clothing has filed for an IPO, hoping to raise INR650 million ($10 million) and providing a partial exit for its backer, AA Indian Development Capital Advisors.
India's Fortis to sell Singapore unit for $83.5m
India's Fortis Healthcare will sell its Singapore-based diagnostics arm RadLink-Asia to Fullerton Healthcare Group for S$111 million ($83.5 million).
Rocket's FoodPanda raises a further $100m
Goldman Sachs has led the latest funding round for Rocket Internet's emerging markets-focused food delivery app FoodPanda, netting the company $100 million.
VC-backed PropTiger buys local rival Makaan
Indian property marketing platform PropTiger, which is backed by Accel Partners, Horizen Ventures and SAIF Partners, along with News Corp, has bought online property listing and classifieds website Makaan for an undisclosed amount.
India's BuyingIQ bought by VC-backed CarDekho
Price comparison portal BuyingIQ has been bought for an undisclosed sum by Girnar Software, parent company of auto marketplace CarDekho, which is supported by Hillhouse Capital and Sequoia Capital.
SAIF leads $3.5m Series A for India start-up tracker
Tracxn, an Indian data analytics firm that aims to be the "Gartner of start-ups," has raised a $3.5 million Series A round led by SAIF Partners.
Greycroft, Fidelity lead $6m round for India's Icertis
Indian cloud enterprise start-up Icertis has raised $6 million in a Series A round led by Greycroft Partners and Fidelity Growth Partners India.
Portfolio: IMM Private Equity and Korea's Hollys Coffee
IMM Private Equity thinks Hollys Coffee has what it takes to become a homegrown star in Korea’s fiercely competitive coffee house industry. Two years into the investment, rejuvenation efforts appear to be paying off
Apax to exit iGate as Capgemini agrees $4b acquisition
French IT services company Capgemini will pay $4 billion to acquire US and India-based technology and service provider iGate, facilitating a 3.7x exit for iGate's PE backer, Apax Partners.
Accel, SAIF in $12m Series B round for Coverfox
Indian online insurance marketplace Coverfox has raised a INR750 million ($12 million) Series B round from existing investors Accel Partners and SAIF India.
Biocon to list IVFA-backed India CRO unit
Indian biopharmaceutical firm Biocon has filed for an IPO for its research arm Syngene International, which is backed by India Value Fund Advisors (IVFA).