Expansion
HK's Shining Capital leads $40m JustFab Series C round
Hong Kong-based Shining Capital Management has led a $40 million Series C round of funding for US-based fashion subscription e-commerce retailer JustFab. Existing backers Matrix Partners, Rho Ventures, Technology Crossover Ventures and Intelligent Beauty...
Sequoia leads Series B round for China second-hand car platform
Sequoia Capital led a Series B round of investment for Souche Holdings, an online second-hand car trading platform. Existing backers Morningside Technologies and Ferry Venture Capital also participated.
GEF invests $12m in India's Rishabh Instruments
Global Environment Fund has invested INR750 million ($11.98 million) in Industrial Control Products maker Rishabh Instruments (RI), through its small and medium-sized enterprises-focused South Asia Clean Energy Fund (SACEF).
Hony still committed to China SOE restructuring, more focused on value creation
Hony Capital has pledged to remain a China-focused investor despite the country’s slowing economic growth and forays by other private equity firms into new markets in order to diversify risk. Hony’s emphasis will be on value creation, particularly in...
CLSA Capital Partners backs VoloAgri
CLSA Capital Partners (CLSA CP) has invested in VoloAgri Group, a California-based agricultural technology company, which is the third agriculture investment channeled through its Clean Resources Asia Growth Fund.
CRCI reaches $180m first close on Fund III
China Renaissance Capital Investment (CRCI) has reached a first close of approximately $180 million on its third growth capital fund. The timing of the close was determined by the GP needing to finalize its first investment out of the new vehicle.
Ancora closes Indonesia fund at $128m
Indonesia-focused GP Ancora Capital has made a final close on its second fund at $128 million. The vehicle is currently 40% deployed, having made three investments since its launch in early 2011.
Warburg Pincus invests in China health center Amcare
Warburg Pincus has invested in Beijing-based Amcare Women's & Children's Hospital. The transaction size was not disclosed.
ClearVue Partners backs $5m round for China online grocery store
ClearVue Partners has led a $5 million Series A round of funding in Shanghai-based online grocery store Fields.
India's Micro Housing Finance Corp raises $5.5m in new equity funding
Unilazer Ventures and existing backers Caspian Advisor’s India Financial Inclusion Fund and the Michael and Susan Dell Foundation have invested INR350 million ($5.5 million) in Micro Housing Finance Corporation (MHFC), which makes housing loans to lower...
KKR's Kravis bullish on Asia private equity, credit
Henry Kravis, co-founder of KKR, believes that Asia’s macro headwinds have created an attractive environment for private equity investment, although the asset class is just one of several strategies that feature in his longer-term outlook for the development...
Sequoia leads Series B round in China menstruation-tracking app
Sequoia Capital China has led a Series B round of founding for Dayima.com, a menstruation cycle-tracking mobile app. Existing backer Bertelsmann Asia Investments also participated in the round.
TPG invests $23m in Sutures India
TPG Growth has acquired a minority stake in Bangalore-based surgical equipment maker Sutures India for INR1.45 billion ($22.9 million).
Fosun buys 35% stake in Italian luxury menswear brand
Fosun International, China’s largest privately-owned conglomerate, has agreed to buy a 35% stake in Italian menswear brand Caruso. Much like Fosun’s investments in other foreign brands, the plan is to support Caruso’s expansion in China.
Shunwei backs China child education app
Beijing Shunwei Venture Capital, founded by super angel investor Lei Jun, has committed a Series A round of funding for Babybus.com, which develops educational apps for children. Details of transaction were not disclosed but the investment size is said...
Shanghai Sinopharm PE invests in chemical firm Anhui Fulltime
Sinopharm Capital, a private equity arm of Chinese drug distributing conglomerate Sinopharm, has made a pre-IPO investment in chemical products manufacturer Anhui Fulltime Specialized Solvent & Reagent.
Australia's Wolseley targets $279m for Fund III
Wolseley Private Equity is targeting A$300 million ($279 million) for its third fund, which will invest in small to mid-size privately-owned businesses in Australia and New Zealand. The GP expects to see considerable opportunities in this space as founders...
Meridian Capital invests in China fashion app Ichuanyi
Meridian Capital has committed a Series A round of funding for Chinese fashion and clothing mobile app Ichuanyi.com. The investment size was not disclosed.
Q&A: Jupiter Capital's Indika Hettiarachchi
Indika Hettiarachchi, director at Sri Lanka-based Jupiter Capital Partners, outlines why India’s economic troubles could help other South Asian countries get a bigger share of investment in the region
Sequoia invests $10m in China personal finance site
Sequoia Capital has committed a total of $10 million across two rounds of funding for Feidee.com, a Beijing-based personal finance management website.
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.
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.
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).