Timeline: 2016 by numbers

JANUARY

$769m - China Everbright launches renminbi fund-of-funds with initial capital of $769 million and full target of $1.5 billion

8 - PAG Asia Capital closes second fund at $3.7 billion after less than eight months in the market

40% - LVMH-sponsored L Capital merges with Catterton to form L Catterton, with LVMH and Groupe Arnault holding 40% of the combined entity

$1b - China-Europe cross-border focused GP AGIC and two Chinese companies buy KraussMaffei Group for $1.01 billion

6x - Kakao Corporation agrees to buy Korea's Loen Entertainment for $1.6 billion, giving Affinity Equity Partners a more than 6x return

$7b - Uber's China unit raises funding round that values the company at $7 billion

$1.1b - GIC Private leads round for India's ShopClues, valuing the company at over $1.1 billion

$3.5b - China's Dalian Wanda buys film studio Legendary Entertainment for $3.5 billion

$1b - Sequoia Capital and China Taiping Insurance lead $1b round for JD Finance

$3.3b - Tencent, DST and Temasek participate in $3.3 billion round for Meituan-Dianping

70% - SouFun plans backdoor listing for three subsidiaries that will give it 70% stake in their new owner Chongqing Wanli New Energy

3.5m sqm - Warburg Pincus-backed e-Shang's merger with Redwood Group gives combined company 3.5 million sqm of warehouse projects under development

$648m - Qiming Venture Partners closes fifth China VC fund at $648 million

2x - KKR earns more than 2x return on exiting its $359 million investment in Vietnam's Masan Consumer Corp.

FEBRUARY

$920m - Sequoia Capital closes fifth India fund at $920 million, including minority allocation to Southeast Asia

$313m - Navis Capital Partners exits Australia's Guardian Early Learning Group to Partners Group for $313 million

$920m - FountainVest Partners agrees to sell US-based Key Safety Systems to Ningbo Joyson Electric for $920 million

15% - TPG Capital and The Carlyle Group pay $549 million for a 15.42% interest in Australia's Greencross after their buyout offer is rejected

$877m - Global Logistics Properties and Canada Pension Plan Investment Board establish $877 million Japan logistics JV

5x - Ascendent Capital Partners exits its $32 million investment in China's Nano Resources for a 5x return

$179m - VIG Partners exits Burger King Korea franchise to Affinity Equity Partners for $179 million

$220m - Warburg PIncus joins $220 million Series B round for China's D&J Industrial Property

$387m - GIC Private commits $387 million to Indonesian hypermarket operator Trans Retail

$200m - 1955 Capital, set up by ex-Khosla partner Andrew Chung, reaches $200 million first close on debut cross-border tech fund

MARCH

$382m - Pfingsten Partners closes fifth mid-market fund at $382 million to be invested partially in Chinese and Indian manufacturers

$426m - Warburg Pincus sells 16% interest in US-listed China Biologic for $426 million

133 MW - Equis Funds Group launches Southeast Asia's largest solar energy project in the Philippines, targeting 132.5 megawatts

$237m - Kotak Mahindra Group closes $237 million fund for equity investments in realty

$150m - CDPQ establishes India office and commits to invest $150 million in renewable energy projects

$1.2b - Lightspeed Venture Partners closes its latest global fund at $715 million, with an additional $500 million for a follow-on vehicle

$6.8b - Australia's Asciano accepts the joint $6.8 billion takeover bid from consortiums led by Qube Holdings and Brookfield Asset Management

$525m - CPPIB forms partnership with Kotak Mahindra Group to invest up to $525 million in Indian distressed assets

$2.8b - Partners Group closes sixth global PE secondary program at $2.8 billion

$13b - Advent International closes eighth global fund at the hard cap of $13 billion

$250m - OPIC pledges $250 million in debt funding to India's ReNew Power Ventures

3x - KKR exits India's Alliance Tire Group to Yokohama Rubber for $1.2 billion, or a 3x return

$1.2b - China's Le Sports raises $1.2 billion round from investors including HNA Capital

APRIL

$14b - An Anbang Insurance-led consortium, which includes Primavera Capital, withdraws $14 billion bid for Starwood Hotels & Resorts Worldwide

$3.3b - KKR reaches final close of $3.3 billion for its second global special situations fund

$210m - Unicorn Capital Partners closes debut China VC fund-of-funds at around $210 million

$355m - Everbright ReinFore closes debut fund at $355 million across US dollar and renminbi-denominated vehicles

3 - GGV Capital raises $1.2 billion for its latest Sino-US VC fund across three vehicles covering multiple investment stages

$1b - China's Alibaba Group pays about $1 billion for a majority stake in Rocket Internet-backed Lazada, valuing the company at $1.5 billion

$300m - Warburg Pincus participates in $300 million Series C round for Shanghai-based serviced apartment operator Mofang Gongyu

500k sqm - GIC Private enters JV with Indonesia's MMP to develop 500,000 square meters of warehousing space

$120.70 - T. Rowe Price marks down its valuation of India's Flipkart to $120.70 per share from $142.24 as of December 2015

$3.6b - PAG Asia Capital leads consortium to buy US-based printing and enterprise technology firm Lexmark International for $3.6 billion

$1b - Apollo Global and IFC form $1 billion partnership to invest in distressed assets in emerging markets

$4.5b - China's Ant Financial completes $4.5 billion Series B round with participation from CIC and CCB

$1.7b - Tsinghua Unigroup withdraws its $1.7 billion offer to acquire Taiwan's Silicon Precision Industries

MAY

$525m - Mayfield raises $525 million in capital across two funds: a $400 million early-stage vehicle and a $125 million follow-on fund

$630m - BlackRock raises $630 million for co-investment buyout fund aimed partly at emerging Asian markets

$500m - China's Lenovo Group launches $500 million corporate VC fund aimed at investing in technology start-ups

80% - QIC agrees to pay $295 million for an 80% stake in cattle station operator North Australian Pastoral Company

$5.7b - China's Wanda Cinema agrees $5.7 billion sale to Wanda Media, providing exit for investors including Hony Capital

$335m - Geodesic Capital closes debut US-Asia cross-border fund at $335 million

$500m - China's Ping An Good Doctor raises $500 million Series A round from investors including global PE funds and Chinese financial institutions

$620m - Nalanda Capital raises $620 million fresh tranche for evergreen vehicle Nalanda India Equity Fund

$2b - China's PE-backed Giant Interactive Group completes Shenzhen backdoor listing that values it at $2 billion.

25% - Intel Capital cancels a secondary sale that would have seen it divest 25% of its portfolio, comprising assets worth $1 billion

15.5% - Morgan Stanley marks down its investment in Flipkart by 15.5%, cutting the Indian retail giant for the second quarter in a row

JUNE

$1b - GIC Private and Temasek Holdings buy an Alibaba stake held by SoftBank for $1 billion

$4b - Brookfield Asset Management reaches $4 billion final close on fourth global PE fund

100% - The Longreach Group acquires majority stake in Wendy's Japan to help the company buy 100% of its rival First Kitchen

125m - Providence Equity Partners sells 125 million shares in India's Idea Cellular for $207 million, representing about a 3.5% stake

$230m - India's GIC-backed Greenko raises $230 million from GIC and ADIA to develop new and existing wind power projects

$7.3b - China's Didi Chuxing raises $7.3 billion in debt and equity from a consortium including previously disclosed investor Apple

$1.4b - Tata Power agrees to buy India's Welspun Renewables for $1.4 billion, providing full exits to ADB and DEG

100% - India's government announces new rules allowing up to 100% foreign direct investment in food retail, including e-commerce

$540m - NewQuest reaches $540 million final close on its third Asia secondaries fund

32 - SoftBank names Ken Miyauchi, a 32-year veteran of the company, to replace recently resigned COO and President Nikesh Arora

31m - MBK Partners part exits Japan's Komeda Coffee in its IPO, selling 31 million shares for $522 million

$260m - Lightspeed China Partners closes third China VC fund at $260 million

JULY

20 - China Everbright and IDG Capital Partners launch a $3 billion M&A investment fund that will support the growth of companies in China and overseas, with 20 projects already in the pipeline

$1.1b - Farallon Capital Management closes its third special situations fund focused on Asia and Latin America at $1.1 billion

$605m - Korea's National Pension Service allocates $605 million to funds managed by VIG Partners, Skylake Investment, Lindemann Asia Investment and SG Private Equity

$14b - Brookfield Asset Management achieves a final close of $14 billion for a global infrastructure fund

$1b - IDG Capital Partners and Breyer Capital close a China-focused venture capital fund at $1 billion that will invest in technology, media, healthcare, energy and consumer products

$500m - IL&FS Investment Managers (IIML) launches a $500 million fund to invest in Indian domestic road and energy projects

$1.2b - Terra Firma agrees to exit Odeon & UCI Cinemas for $1.2 billion to AMC Entertainment

$3.5b - Baring Private Equity Asia and Onex Corp agree to buy Thomson Reuters' Intellectual Property and Science business for $3.5 billion

$1.1b - CVC Capital Partners offers to buy Nirvana Asia in a cash and stock swap deal worth $1.1 billion

36 - A total of 36 investors, from PE firms to insurers, contribute capital as the $9.3 billion privatization of Qihoo 360 is completed

$1b - Brookfield Asset Management signs an agreement with the State Bank of India to invest about $1 billion in stressed assets in India

$576m - KKR agrees to sell its stake in Gland Pharma for $576 million to Shanghai Fosun Pharmaceutical

$516m - Hamilton Lane closes its latest global fund-of-funds at $516 million, exceeding a target of $400 million

$500m - DCM closes its latest China VC fund at the hard cap of $500 million

AUGUST

$4.4b - A consortium including Yunfeng Capital, Hony Capital and CDH Investments' wealth management platform agree to buy Caesars Interactive Entertainment's social and mobile games business for $4.4 billion

$35b - PE-backed Didi Chuxing agrees to acquire Uber's China operation in a deal said to value the combined company at $35 billion

$550m - Go-Jek receives $550 million from investors including KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets

$820m - A Chinese consortium including Haixia Capital agrees to buy AC Milan at a valuation of $820 million

17 - CDH Investments closes a $525 million mezzanine fund with commitments from 17 institutional LPs

$754m - Quadrant Private Equity closes its eighth fund at $754 million after a six-week fundraising process

$1.8b - Temasek Holdings exits its stakes in Bharti Airtel and Intouch to Singapore Telecommunications for a total of $1.8 billion

$30b - Chinese Reform Holdings Corporation launches a government-backed venture capital fund with a target of $30 billion

$575m - A consortium including Golden Brick Capital agrees to scale back its acquisition of Opera Software to a value of $575 million after a failed takeover bid worth $1.2 billion

10.6% - CDH Investments raises $1.2 billion by exiting a 10.6% stake in WH Group

$2.3b - China Zhongwang agrees to buy Aleris Corporation in a deal worth $2.3 billion, facilitating exits for Oaktree Capital Management, Apollo Global Management and Bain Capital

$830m - Kerogen Capital closes its second international energy fund at $830 million

SEPTEMBER

$273m - Lindeman Asia Investment launches a $273 million fund that will target China healthcare, biotechnology and IT assets

$760m - Everbright Financial Holding Asset Management and CITIC Private Equity lead a $760 million round in Best Logistics Technologies

$674m - Sinovation Ventures closes its third US dollar-denominated fund and second renminbi fund, with more than $674 million in aggregate commitments

50 - A group including QIC, Future Fund and Global Infrastructure Partners as pays $7.3 billion for a 50-year lease at the Port of Melbourne

$310m - Tiantu Capital and Xinhu Zhongbao lead a $310 million Series C round for U51.com at a valuation of more than $1 billion

$750m - VC-backed Grab raises a $750 million round of funding led by SoftBank

$690m - Multiples Alternative Asset Management reaches a final close of $690 million on its second India-focused fund

$52.5b - China launches a $52.5 billion PE fund to restructure state-owned enterprises as part of efforts to improve operational efficiency and encourage industry consolidation

$940m - Baring Private Equity Asia agrees to buy SAI Global for $940 million, including debt

6 - FountainVest Partners closes its third China-focused fund at a hard cap of $2.1 billion after about six months in the market

$408m - Jafco achieves a $408 million first close on its fifth global VC and buyout fund

OCTOBER

$1.1b - IMM Private Equity closes its third Korea-focused fund at $1.1 billion

$561m - Glenwood Private Equity and NH Private Equity agree to sell Tongyang Magic to SK Networks for $561 million

15x - Permira agrees to buy Tricor Holdings from Bank of East Asia for $835 million, valuing Tricor at 15x earnings

$480m - VIG Partners reaches a first close of $480 million on its third Korea-focused fund, which is targeting $600 million

$700m - CPDQ agrees to invest up to $700 million in Edelweiss Group for investments in private debt in India

$575m - Thai Union Group invests $575 million in Golden Gate Private Equity-owned Red Lobster

$3b - Baidu establishes Baidu Capital, a $3 billion investment fund targeting mid and late-stage deals in the internet industry

47% - TPG Capital cuts its stake in Ingham's Enterprises to 47% from 90.1% through the company's $457m Australia IPO

$1.3b - Warburg Pincus and Sequoia Capital-backed ZTO Express sets a target of up to $1.3 billion for its US IPO

$1.6b - Brookfield Asset Management agrees to buy the telecom towers assets of Reliance Communications for $1.6 billion

99 - A consortium including IFM Investors and AustralianSuper acquires a 50.4% interest in a 99-year lease of Ausgrid for $12.3 billion

$530m - STIC Investments raises $530 million for a special situations fund that will target restructuring opportunities in Korea

$806m - CDH Investments makes a partial exit from WH Group, selling a 6.8% stake for $806 million

$1.4b - PE-backed ZTO Express raises $1.4 billion in the largest US float by a Chinese company since Alibaba Group in 2014

$1.8b - The Abraaj Group agrees to sell a 66.4% stake in K-Electric to Shanghai Electric Power for $1.8 billion

NOVEMBER

$7b - KKR launches its third pan-Asian fund with a target of up to $7 billion

$1.5b - Alibaba Group launches a $1.5 billion investment fund after setting up a new digital media group

30% - IMM Private Equity joins six other investors acquiring a combined 30% stake in Woori Bank for $2.1 billion

$4.8b - HarbourVest Partners reaches a final close of $4.8 billion on a global secondaries fund,

$1.3b - Warburg Pincus joins a consortium seeking to privatize ARA Asset Management at a valuation of $1.3 billion

$1.2b - American Industrial Partners agrees to buy Moly-Cop for $1.2 billion, including debt

11.3% - PE-backed PNB Housing Finance closes up 11.3% on its trading debut following a $449 million IPO

$860m - EMR Capital reaches a final close of $860 million on its second mining fund, above the target of $750 million

$1.1b - BHR Partners agrees to acquire a minority stake in Tenke Fungurme Mining for $1.1 billion in cash

$4.5b - KKR launches a tender offer to acquire Calsonic Kansei Corporation at a valuation $4.5 billion

$400m - Falcon House Partners closes its second Indonesia-focused fund at a hard cap of $400 million

22% - KKR exits a 22% stake in Panasonic Healthcare to Mitsui & Co. for $510 million

$1.5b - HTC and the Shenzhen municipal government agree to set up a $1.5 billion virtual reality fund

$912m - MBK Partners submits a tender offer for Accordia Golf that values the business at $912 million

$1.7b - Ctrip agrees to buy VC-backed Skyscanner in a deal valuing the company at $1.7 billion

DECEMBER

$450m - Accel Partners closes its fifth India-focused venture capital fund at $450 million

$387m - XIO Group agrees to acquire Meitav Dash for $387 million

110k - Partners Group invests $186 million in an Australian wind energy project to power 110,000 homes a year

$6.8b - CIC and Macquarie Infrastructure join a consortium that agrees to buy control of UK-based National Grid Gas Distribution for $6.8 billion

700 - Bain Capital acquires childcare provider Camp Australia, which has partnerships with 700 schools nationwide

$699m - Japan Industrial Partners agrees to sell Biglobe to a domestic telecom for $699 million

2 - MBK Partners reaches a first and final close on its fourth North Asia-focused buyout fund at $4.1 billion after two months in the market

$261m - GIC commits up to $261 million to Indonesian cinema operator Nusantara Sejahtera Raya

3.9% - KKR and Temasek Holdings agree to invest $266 million for a 3.9% stake in SBI Life

$1.5b - Warburg Pincus-backed D&J Industrial Property launches a $1.5 billion industrial infrastructure fund

6 - Global Brain has launches its sixth VC fund since 1998, with a targeted corpus of $174 million

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• Topics
• Buyouts
• Expansion
• Exits
• Fundraising
• Asia