Expansion
Q&A: Advent International's Filippo de Vecchi
Following the recent closing of Advent International’s eighth global private equity fund at $13 billion, Filippo de Vecchi, the firm’s managing director and co-head of Greater China, explains how Asia fits into the strategy
1Q analysis: Hard times
Only the good prevail as LPs appear wary of China funds; investors continue to seek technology start-up exposure but the check sizes are falling; Korea delivers exits, but other markets fail to shine
GGV reaches $1.2b final close on Sino-US VC fund
GGV Capital has closed its latest VC fund at $1.2 billion across three vehicles – a core venture fund, an early stage fund and an entrepreneurs fund – that will target start-ups and growth-stage technology deals in China and the US.
Chinese travel app developer Huoli secures $144m
Shenzhen Huoli Tianhui Technology, the parent company of Chinese flight management app Flights Manager, has raised RMB933 million ($144 million) in a Series C round of funding.
China Growth Capital leads round for auto-focused lending platform
China Growth Capital has led an extended RMB217 million ($34 million) Series A round for Chedai.com, a Chinese automobile financial lending platform.
KKR, Anchor-backed Ticket Monster gets NHN investment
Ticket Monster, a South Korea-based e-commerce marketplace controlled by KKR and Anchor Equity Partners, has received a KRW47.5 billion ($40 million) investment from online gaming provider NHN Entertainment (NHNE) in what is expected to be the first tranche...
Fairfax India invests $300m in Sanmar Chemicals
Fairfax Financial Holdings’ India unit has made a $300 million investment in Sanmar Chemicals, a major domestic producer of the plastic construction material PVC.
Ally Bridge leads $150m round for US cancer treatment firm
San Diego-based cancer treatment developer Sorrento Therapeutics has raised about $150 million from a group of investors led by China-focused healthcare specialist Ally Bridge Group.
Everbright ReinFore closes debut China fund at $355m
Everbright ReinFore, a China-focused PE firm that spun out from an offshore asset management arm of China Everbright Group, has reached a final close on its debut fund at approximately $355 million across two vehicles.
SSG buys 40% stake in India's Future Supply Chain
Special situations investor SSG Capital Management Group will pay up to INR5.8 billion ($87 million) for a 40% stake in Future Supply Chain (FSC), a supply chain and logistics subsidiary of India's Future Retail.
Orchid Asia, Eastern Bell in Series B for China’s Weimeizi
Orchid Asia Group and Eastern Bell Ventures have provided a Series B round of funding for Weimeizi, a Chinese personal care products manufacturer.
India’s MyGlamm receives $6m Series A round
India-based beauty services start-up MyGlamm has raised $6 million in a Series A round led by French cosmetics giant L’Occitane and including participation from Tano Capital and Brand Capital.
Addor leads $70m round for China app developer
Addor Capital has led a $70 million round for Chinese Android-focused mobile app developer Holaverse.
Indonesia private equity: Green shoots?
While Indonesia’s VC industry is taking off, private equity firms have found the last few years challenging due to economic headwinds. GPs are now feeling most positive, thanks in part to government policy
Indonesia foreign investment: Negative no more
Changes to Indonesia’s “negative list” are expected to open up the country to more foreign investment, but private equity players will have to remember to tread cautiously
Q&A: NDE Capital's John Lin
With a remit to target cross-border investments that incorporate China and Southeast Asia, NDE Capital is an active player in Indonesia. John Lin, the firm’s managing partner, explains why he is bullish about the market
Ally Bridge backs Chinese oncology-focused big data company
Healthcare-focused GP Ally Bridge Group has led a Series B round of funding for LinkDoc Technology, an oncology-focused big data company based in China.
Temasek leads $45m round for China logistics data provider
Singapore’s Temasek Holdings has led a $45 million extended Series C round for G7, a Chinese logistics data smart device marker. Existing backers Tencent Holdings and Eastern Bell Venture Capital also participated in the round.
Navis invests in Hong Kong-based Texon - update
Navis Capital Partners has acquired Hong Kong-based footwear component manufacturer Texon International Group for $75-$125 million, AVCJ understands, buying a controlling stake held by Barclays Ventures.
Australian wine start-up raises $19m from Blue Sky
Australia-based online wine retailer Vinomofo has raised A$25 million ($19 million) for an international expansion program from Blue Sky Venture Capital.
Khazanah leads $170m Series D for Singapore's Garena - update
Khazanah Nasional, an investment fund controlled by the Malaysian government, has led a $170 million Series D round for Singapore-headquartered mobile internet and gaming platform Garena at a post-deal valuation that AVCJ understands to be more than $3.75...
China’s Le Sports completes $1.2b Series B round
Le Sports, an independently funded subsidiary of China’s LeTV Holdings, has completed a $1.2 billion Series B funding round at a post-money valuation of $3.3 billion.
CITIC PE invests in China's New Journey Hospital
CITIC Private Equity (CITIC PE) has invested an undisclosed sum in New Journey Hospital Group, a Chinese cancer hospital operator.
Mandala leads $121.3m investment in India agribusiness player
Mandala Capital has made investments totaling INR6.9 billion ($104.3 million) in India’s Jain Irrigation Systems (JIS) as part of a broader INR8 billion capital raising.