Timeline: 2017 by numbers

$210m – EMR Capital agrees to buy Australian precious metals mine Golden Grove from China Minmetals Group for $210 million

965m – KKR and CDH Investments sell 965 million shares in China Modern Dairy to China Mengniu Dairy for $241.5 million, completing their second exit from the company

$2.5b – Neuberger Berman closes its fourth global private equity secondaries fund at $2.5 billion, surpassing the $2 billion target

80% – CITIC Capital, The Carlyle Group and CITIC Group buy an 80% interest in the McDonald’s business in mainland China and Hong Kong for $2.1 billion

$800m – CDH Investments closes its China mid-market fund at the hard cap of $800 million

$500m – TPG Growth, Jeneration Capital and China Vision Capital lead $500 million round for Chinese used car platform Uxin

$8b – Warburg Pincus reveals it plans to invest at least $8 billion in India over the next decade

4 – India Value Fund Advisors rebrands to True North and officially establishes four investment sectors

$1b – IDG Capital and China Oceanwide agree to acquire International Data Group at a reported valuation of $1 billion

$1.1b – Silver Lake, CDH Investments, Yunfeng Capital and Primavera Capital lead $1.1 billion funding round for Koubei, a Chinese local services provider backed by Alibaba Group

$344m – Pacific Equity Partners buys Australian flour producer Allied Mills at a valuation of A$455 million ($344 million)

$100m – Southeast Asian ride-hailing app operator Grab launches $100 million fund aimed at Indonesian technology start-ups

$268m – CITIC Capital Partners closes its third Japan buyout fund at the hard cap of JPY30 billion ($268 million)

$6b – Unigestion acquires the PE business of Akina Partners, giving the combined business $6 billion in assets under management

$1b – AGIC Capital closes its debut Asia-Europe fund at $1 billion nearly two years after launch

$600m – VIG Partners reaches a final close of $600 million on its third Korea-focused fund

120 MW – Goldman Sachs and TPG lead a A$400 million ($306 million) investment for AirTrunk to develop 120 MW of Australia data center assets

$36.7b – SoftBank Group agrees to buy US-listed Fortress Investment Group, which manages $36.7 billion in alternatives, for $3.3 billion

5 – Singapore’s Temasek Holdings opens an office in San Francisco, its second in the US and fifth in North and South America

$600m – ChrysCapital closes its seventh India fund with more than $600 million, beating its target

$500m – Silver Lake leads a $500 million round for US-based online lender SoFi, with participation by SoftBank Group

$2.5b – IL&FS partners with Lone Star Funds for a distressed infrastructure fund that aims to purchase up to $2.5 billion in assets

$357m – Formation Group closes its debut fund with $357 million aimed at investing in US and Asia-based tech start-ups

$2.3b – Goldman Sachs, MBK Partners, Owl Creek Asset Management and PAG Asia Capital exit Universal Studios Japan as Comcast pays JPY254.8 billion ($2.3 billion) to complete its takeover

$450m – Chinese bike-sharing start-up Ofo raises a $450 million Series D round led by DST Global

$440m – China food and agriculture investor Hosen Capital closes its third PE fund at $440 million, beating its $400 million target

$2.75b – Actis Capital closes its fourth emerging markets energy fund at the hard cap of $2.75 billion

$1.8b – QIC closes global infrastructure fund at A$2.3 billion ($1.8 billion) with support from investors based in Australasia, Asia, the US and Europe

520 MW – Brookfield Asset Management acquires TerraForm Global, an energy platform with 520 megawatts of generating capacity in Asia, for $787 million

$287m – Apis Partners closes its debut fund with $287 million for fintech investments in emerging markets

$3b – TPG Capital exits its stake in Australian power company Alinta Energy in deal worth A$4 billion ($3 billion)

29% – Indian e-commerce giant Flipkart raises $1.4 billion at an $11.6 billion valuation, a 29% markdown from its previous funding round

$5.7b – KKR completes tender offers for Japan’s Calsonic Kansei Corporation and Hitachi Koki worth a combined JPY645.4 billion ($5.7 billion)

$22b – Tsinghua Unigroup secures a RMB150 billion ($22 billion) investment from China government-backed China Development Bank and Sino IC Capital

63.8% – Permira sells a 63.8% stake in the IPO of Japanese sushi restaurant chain Sushiro Holdings for JPY 68.1 billion ($600 million), leaving the GP with 30.9%

$466m – Tokio Marine Capital closes its fifth Japan fund at JPY51.7 billion ($499 million)

$725m – Banyan Capital raises over RMB5 billion ($725 million) across two China-focused VC funds

$1b – Hillhouse Capital and FountainVest Partners join Australia’s Seek International to privatize take China recruitment website Zhaopin in a deal worth $1 billion

5 years – In its first China investment in over five years, WL Ross & Co forms $11.6 billion steel JV with four other investors

$64b – Japan’s Government Pension Investment Fund makes its first call for applications from alternatives managers to invest up to JPY7.25 trillion ($64 billion)

$580m – Sino IC Capital agrees to acquire US electronics manufacturer Xcerra for $580 million

$830m – Bain Capital Private Equity agrees to buy South Korean pharmaceuticals maker Hugel for KRW927.4 billion ($830 million)

$670m – Integral Group closes its third Japan mid-market buyout fund at JPY73 billion ($670 million)

$362m – ClearVue Partners closes its second China consumer fund at $362 million

40.9% – MBK Partners exits a 40.9% stake in South Korea’s ING Life Insurance Korea for KRW1.1 trillion ($974 million) in the company’s IPO

$4.3b – Baring Private Equity Asia and Canada Pension Plan Investment Board agree to take Nord Anglia Education private for $4.3 billion

$5.5b – Chinese ride-hailing app operator Didi Chuxing raises $5.5 billion from investors including SoftBank Group

$291m – J-Star closes its latest Japan-focused buyout fund at JPY32.5 billion ($291 million) 

$535m – Advantage closes its fifth Japan mid-market fund at JPY60 billion ($535 million)

$595m – China Renaissance and a Chinese strategic investor agree to buy a manufacturing business from Robert Bosch for EUR545 million ($595 million)

$665m – Polaris Capital Group closes its Japan mid-market fund at JPY75 billion ($665 million)

$1.45b – Shareholders of Yingde Gases approve PAG Asia Capital’s proposed HK$11.3 billion ($1.45 billion) buyout offer

7 – CLSA Capital Partners closes its third Japan mid-market fund at $400 million, the seventh such GP to announce a final close since the start of the year

$550m – Singapore’s Garena rebrands as Sea and raises $550 million from new and existing investors

$5.6b – Macquarie and AMP Capital lead the A$7.6 billion ($5.6 billion) acquisition of Australian power distributor Endeavour Energy

$500m – Canada Pension Plan Investment Board commits $500 million to India logistics-focused joint venture

$93b – SoftBank Group reaches $93 billion first close on its global technology investment fund

$800m – China healthcare specialists Frontline BioVentures and WuXi Healthcare Ventures join forces to become 6 Dimensions Capital, with over $800 million in assets under management

$626m – MBK Partners agrees to buy Korean consumer goods company Modern House for KRW700 billion ($626 million)

$547m – CHAMP PE closes its fourth Australia and New Zealand fund at A$735 million ($547 million)

$450m – Lyfe Capital closes its second China healthcare-focused fund at $420 million

24% – KKR closes its third Asia fund at $9.3 billion, with Asian LPs accounting for 24% of the corpus

$300m – Warburg Pincus invests $300 million in emerging markets-focused TMT buyout platform Princeton Growth Ventures

$448m – Legend Capital closes its seventh China-focused VC fund at $448 million

$930m – The Carlyle Group and PEP agree to jointly acquire Australia’s iNova Pharmaceuticals for $930 million

43% – Warburg Pincus agrees to invest $360 million for a 43% stake in India’s Tata Technologies

$600m – Tencent Holdings leads a $600 million Series E round for Chinese bike-sharing start-up Mobike

$270 million – Eris Lifesciences raises INR17.4 billion ($270 million) in its IPO, facilitating a full exit for ChrysCapital

$1.57b – CITIC Capital Partners closes US dollar-denominated portion of its latest China fund at $1.57 billion

7 – IDG Capital sells down LP positions in at least seven funds in Asia in a deal worth nearly $600 million

$500m – Prudential-backed Eastspring Investments commits $500 million to an IFC-managed emerging markets infrastructure development program

54 – India’s Au Small Finance Bank raises $296 million in an IPO oversubscribed 54 times, providing partial exits for Warburg Pincus, ChrysCapital, IFC and Kedaara Capital

83% – Alibaba Group invests $1 billion to raise its stake in e-commerce platform Lazada to 83%, providing exits for Rocket Internet and Kinnevik

$1b – Chinese smart phone maker Xiaomi raises a $1 billion loan to back global expansion

$1.8b – I Squared Capital agrees to buy a unit of Hong Kong’s Hutchison Telecommunications for $1.8 billion

$7b – Partners Group closes its largest fund to date at $7 billion

$2b – Singapore’s VC-backed ride-hailing app Grab raises $2 billion from Softbank and Chinese peer Did Chuxing

$6.8b – Shareholders in Chinese shoe retailer Belle International approve a $6.8 billion PE-backed take-private offer

$1.7b – HarbourVest Partners closes its fourth global co-investment fund at $1.7 billion

$700m – Chinese bike-sharing start-up Ofo receives $700 million from Alibaba Group and a number of GPs

$10.5b – The governments of China and Russia agree to invest $10.5 billion in two One Belt One Road funds

$600m – China’s CMC Capital Partners closes its second US-dollar fund at the hard cap of $600 million

$562m – Affinity Equity Partners invests $562 million in Korean household kitchen goods company Lock & Lock

$1b – VC-backed GoGoVan and 58 Sunyun merge to form Asia’s largest logistics platform at a valuation of $1 billion

$1.7b – Singapore’s GIC Private joins a $1.7 billion acquisition of insurance provider MassMutual Asia

$1.1b – Alibaba Group leads a $1.1 billion round for VC-backed Indonesian e-commerce player Tokopedia

$12b – Private and state-backed funds pay $12 billion for a 35% stake in telecom company China Unicorn

$450m – China’s Lilly Asia Ventures closes its fourth healthcare fund at the hard cap of $450 million

8 – KKR opens an office in Shanghai, its third in Greater China and eighth in Asia Pacific

$2.5b – Japan’s SoftBank Group invests $2.5 billion in Indian e-commerce giant Flipkart

$557m – Japanese VC Jafco agrees to buy back about $577 million worth of shares from its major shareholders

$300m – Alberta Investment Management Corporation invests $300 million in Macquarie Infrastructure & Real Assets’ Asia fund

SEPTEMBER

300m – KKR invests Shenzhen Suishou Technology, China’s largest financial app with 300 million downloads

$800m – China’s PE-backed flexible display developer Royole Corporation raises $800 million in debt and equity

12x – Japan’s Advantage Partners secures a 12x money multiple after exiting massage chain operator Riraku

$2.7b – Bain Capital Private Equity and Goldman Sachs agree to sell their stake in Carver Korea for $2.7 billion

$509m – China GPs back a $509 million round in Shanghai United Imaging Healthcare, the largest local medical equipment investment to date

6 – Kedaara Capital closes its second India fund at $750 million after six months on the market

$1.8b – Asia Alternatives reaches final close of $1.8 billion for its fifth private equity fund-of-funds and a number of related vehicles

$557m – Bain Capital Credit reaches a first close of $557 million on its Asian special situations fund

$300m – Singapore’s Temasek Holdings joins a $300 million round for Taiwan electric scooter maker Gogoro

$551m – OrbiMed closes its third Asian PE fund with $551 million in commitments

$17.8b – Shareholders approve an JPY2 trillion ($17.8 billion) takeover of Toshiba Memory Corporation to a Bain Capital-led consortium

$5b – Global Infrastructure Partners acquires an Asia Pacific energy projects platform from Equis Funds for $5 billion

8 – NSSK closes the eight Japanese middle market private equity fund of the year with $531 million in commitments

$884m – Singapore’s Sea raises $884 million in a US IPO after increase the offer pricing and size

$700m – Singapore’s VC-backed ride-hailing app Grab secures $700 million in debt facilities from global and Asian banks

$500m – Canada Pension Plan Investment Board commits $500 million to a data center PE fund managed by Singapore’s Keppel Group

$900m – Orchid Asia launches its seventh fund with a target of $900 million

31 – SL Capital raises $428 million for its third private equity secondaries fund with 31 LP backers

$4b – Tencent Holdings leads $4 billion round for Chinese online-to-offline services platform Meituan-Dianping

$900m – Chinese VC-backed micro-lending services provider Qudian raises a $900 million in a US IPO

$1.2b – Warburg Pincus sells $1.2 billion in Asian assets to a group of secondary investors including Lexington Partners and Goldman Sachs

$1b – Abu Dhabi Investment Authority commits $1 billion to an Indian government infrastructure fund

$2.1b – Tencent Holdings leads a $1.1 billion round in Ola as the Indian ride-hailing app plans a $1 billion extension

1st – E-commerce company Kioson becomes the first start-up to go public in Indonesia with a $3.4 million IPO

$11.5b – Global Logistic Properties shareholders approve an $11.5 billion takeover by a PE-backed consortium

$266m – Australia’s Anchorage Capital Partners closes its third fund at A$350 million ($266 million)

$504m – VC-backed gaming player Razer raises $504 in its Hong Kong IPO

$5b – Goldman Sachs and China Investment Corporation launch a PE fund seeking $5 billion

$740m – PE-backed Vincom Retail completes Vietnam’s largest-ever IPO by raising $740 million

1758 – Cox & Kings, an Indian travel company founded in 1758, sells a 34% stake in a subsidiary to SSG Capital, facilitating an exit for The Rohatyn Group

$271m – India’s Edelweiss Financial Services raises a $271 million fund for pre-IPO investments

$1.1b – Tencent Holdings spin-out China Literature raises $1.1 billion in a Hong Kong IPO

$335m – Alibaba Group leads a $335 million round for Chinese online car trading platform Souche

$7.6b – PE-backed cybersecurity company Qihoo 360 plans a reverse merger in Shanghai worth $7.6 billion

$460m – GPs invest $460 million in a round for Chinese facial recognition developer Megvii Technology

$4.5b – The Carlyle Group reaches a first close of $4.5 billion on its fifth Asia buyout fund

$1.1b – India’s True North sets a hard cap of $1.1 billion for its sixth fund

$844m – China’s 6 Dimensions Capital raises $844 million for its debut healthcare fund

4 – Quadrant Private Equity closes its latest Australia-New Zealand fund at A$1.15 billion ($863 million) after approximately four weeks in the market

$604m – China Renaissance reaches a first close of $604 million on the third fund under its Huaxing Growth Capital arm

$2.5b – CDH Investments targets a $2.5 billion corpus for its sixth US-dollar China fund, in line with its Fund V close in 2014

$1.3b – Bain Capital Private Equity completes buyout offer of Japan advertising agency Asatsu-DK at a valuation of $1.3 billion

$350m – China bike-sharing player Hellobike raises $350 million from investors including Alibaba Group’s Ant Financial

1 – UK-based GP Livinbridge Capital completes its first investment in Australia with a commitment to TSA Management

$248m – Canada Pension Plan Investment Board invests $248 million in a Hong Kong warehousing program with Goodman Group

$1.8b – A Baidu Capital-led round in WM Motor brings the Chinese electric car company’s total capital raised to $1.8 billion

$500m – China’s GenBridge Capital closes its debut consumer-focused fund at the hard cap of $500 million

$2.9b – KKR completes a tender offer for Japan’s Hitachi Kokusai Electric worth $2.9 billion

$218m – Australia’s Allegro Funds closes its third distress and special situations fund at the hard cap of A$290 million ($218 million)

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