Investments
MBK set for a second stint with Japanese jeweler Tasaki
MBK Partners has submitted a JPY31.5 billion ($286 million) buyout offer for Japanese jewelry retailer Tasaki & Co – a Tokyo-listed company it previously backed in 2008 and exited seven years later.
VCs invest $33m in Japan's Dely
Jafco, YJ Capital, and Gumi Ventures have taken part in a JPY3.7 billion ($33 million) funding round for Japanese online food media start-up Dely.
Gateway invests in Singapore's Healthway Medical
Singapore-based private equity firm Gateway Partners has agreed to invest S$70 million ($50.2 million) in distressed local hospital operator Healthway Medical.
Boyu acquires 25% of China Vanke's property services unit
Boyu Capital has bought a 25% stake in Vanke Property Development, a wholly-owned property services unit of China Vanke, the second-largest real estate developer in the country, for RMB166 million ($24 million).
Fairfax India buys stake in Bangalore airport
Fairfax India Holdings has completed its acquisition of a 38% stake in Bangalore International Airport for INR25 billion ($385 million).
C-Bridge backs China pharma merger
China healthcare-focused GP C-Bridge Capital and Tasly Holding, a traditional Chinese medicine business, have agreed to invest $150 million in a newly-created entity formed through the merger of two local pharmaceutical companies.
Tencent leads $350m round for VC-backed Kuaishou
Kuaishou, a Chinese live-streaming video app backed by VC investors and search engine Baidu, has raised $350 million in a new round of funding led by Tencent Holdings.
Riverside makes Malaysia chemicals bolt-on
The Riverside Company has completed its second deal in Malaysia as Drex-Chem Malaysia (now known as DCM Asia), the chemicals distributor it bought in 2014, acquired Erapoly Marketing.
Carlyle, Tiger invest $100m in India's Delhivery
The Carlyle Group has led an investment of more than $100 million in Indian delivery e-commerce logistics service Delhivery. Existing backer Tiger Global Management also took part in the funding round.
Singapore auto marketplace Carro gets $12m
A group of Southeast Asian VCs have committed $12 million to Singaporean automobile marketplace Carro as part of an operational expansion into artificial intelligence (AI)-enabled car financing services.
WestBridge invests $28m in India's CEAT
WestBridge Capital Partners has invested INR1.8 billion ($28 million) for a 3.5% stake in India-listed tire maker CEAT.
KKR seals second Japan tender offer with $4.5b Calsonic deal
Shareholders in automotive components manufacturer Calsonic Kansei Corporation have accepted a JPY498.3 billion ($4.5 billion) buyout offer from KKR as the GP completed its second tender offer for a Japanese company within a day of concluding the first.
China video communication player Xiaoyu Link gets $18m
Xiaoyu Link, a Chinese video communication services provider, has raised a RMB125 million ($18 million) Series B round of funding jointly led by ZhenFund and Zhen Cheng Fund.
China NPL securitization: Pass the parcel
China wants to use securitization and debt-for-equity swaps to address its non-performing loan problem. Even without structural concerns and political agendas, they are unlikely to supplant portfolio sales
China real estate financial services player Dadao raises $29m
Shenzhen Qianhai Dadao Financial Services, a Chinese start-up that specializes in residential property financial services, has raised a RMB200 million ($29 million) Series B round led by Huaxing Capital Partners, the private equity arm of China Renaissance.
Sequoia, Fosun Kinzon invest $15m in India travel site Ixigo
Sequoia Capital has led a $15 million Series B round for Indian online travel marketplace Ixigo, with participation by Fosun Kinzon Capital, the investment arm of Chinese conglomerate Fosun International.
IFC-backed Minsheng Education gains after Hong Kong IPO
China’s Minsheng Education Group closed up 9.4% on its first day of trading in Hong Kong, following a HK$1.38 billion ($177 million) IPO in which the International Finance Corporation (IFC) participated as a cornerstone investor.
Aion acquires India's PlanetCast, Kubera exits
Aion Capital Partners, a special situations joint venture between Apollo Global Management and ICICI Venture, has bought a controlling stake in Indian broadcast technology services provider PlanetCast Media Services from investors including PE firm Kubera...
KKR completes $1.3b tender offer for Japan's Hitachi Koki
KKR has completed the first of two tender offers it has in process for Japanese listed companies after shareholders in power tools manufacturer Hitachi Koki voted in favor of a JPY147.1 billion ($1.28 billion) buyout offer.
FTV Capital leads $56m round for Indian researcher
US venture investor FTV Capital has taken a minority stake in India-based industry research and consulting company MarketsandMarkets after leading a $56 million funding round.
China’s state-backed SME fund leads round for Tianyancha
China’s National Small & Medium Enterprises Development Fund has led a RMB130 million ($18 million) Series A round for Tianyancha, a Beijing-based business data search firm.
Japan's Moneytree raises $9m Series B
Japan-based SBI investment has led a JPY1 billion ($9 million) Series B funding round for domestic financial technology services company Moneytree.
Italian PE unit backs Morrow Sodali's purchase of Australia's GPS
GPS, an Australia-based shareholder services and corporate governance consultancy, has been acquired by global counterpart Morrow Sodali in a deal supported by Italian government-controlled PE investment unit Simest.
Sands Capital leads $70m round for India's BlackBuck
Sands Capital has led a $70 million Series C round of funding for Indian business-to-business (B2B) logistics technology start-up BlackBuck.