Investments
H Capital joins $273m round for HNA's travel finance unit
H Capital has participated in a Series B-plus round of funding worth RMB1.9 billion ($273 million) for E-life Finance, the travel financial services unit of Chinese conglomerate HNA Group.
Everstone invests $35m in India's OmniActive Health
The Everstone Group has committed $35 million to Indian nutraceuticals ingredient supplier OmniActive Health Technologies. It is the firm’s third pharmaceuticals investment in less than a year.
AVCJ Awards 2016: AVCJ Special Achievement: K.Y. Tang
K.Y. Tang was among the pioneers of leveraged buyouts in Asia while at UBS Capital Asia. He subsequently spun out to form Affinity Equity Partners, where the success continues
AVCJ Awards 2016: Private Equity Professional of the Year: Frank Tang
From re-listing Focus Media in Shenzhen to closing Fund III at $2.1 billion, FountainVest Partners has enjoyed a fruitful 12 months. CEO Frank Tang assesses the China market
EMR buys Australian precious metals mine for $210m
EMR Capital has agreed to pay $210 million for Golden Grove, a precious metals mine in Western Australia owned by China Minmetals Group (MMG).
TA backs India drug ingredients manufacturer
TA Associates has invested INR1.72 billion ($25.5 million) in listed Indian drug ingredients manufacturer Shilpa Medicare.
GIC, Tecent, NavInfo to take mapping business Here into China
Singapore’s GIC Private has teamed up with China’s Tencent Holdings and NavInfo – a digital maps and location services provider backed by Tencent – to acquire a 10% stake in Here, a US-headquartered open location company.
Puji Capital, Galaxy platform to back foreign start-ups in China
Chinese investment group Puji Capital has formed a joint venture platform with domestic property developer Galaxy Holdings that will invest in more than 10 start-up and growth companies across mobile gaming, media technology and consumer hardware.
AVCJ Awards 2016: Deal of the Year - Mid Cap: Wendy's Japan
Keen to leverage growth in fast-casual dining, The Longreach Group realized a rare inroad into Japan’s chain restaurant space by pairing Wendy’s with local operator First Kitchen
Australia's Tatts rejects $5.4b bid from PE-backed consortium
Australian lottery operator Tatts Group has rejected a A$7.3 billion ($5.4 billion) buyout offer from a PE-backed consortium, saying the terms are inferior to those in a proposed merger with industry counterpart Tabcorp.
Taiwan's Next Entertainment gets $25m Series A round
Taiwan-based live broadcasting platform New Entertainment has raised $25 million in Series A funding led by Chinese video streaming app Inke.
IFC to invest $165m in Bangladesh energy firm
The International Finance Corporation (IFC), the investment arm of the World Bank, has agreed to provide $165 million in debt financing to the Bangladeshi subsidiary of Singapore-based energy firm Sembcorp Utilities.
MSPEA commits $25m to India's ZCL Chemicals
Morgan Stanley Private Equity Asia (MSPEA) has invested INR1.7 billion ($25 million) in ZCL Chemicals, an India-based pharmaceuticals company that focuses on niche therapeutic areas such as the central nervous system, antiretroviral treatments and controlled...
Cathay, Shenzhen Fortune lead $58m round for China's Aihuishou
Cathay Capital Private Equity and Shenzhen Fortune Venture Capital have led a RMB400 million ($58 million) Series D round of funding for Aihuishou, a China-based electronic products recycling platform.
Japan's AGC Asahi Glass buys PE-owned CMC Biologics
Japanese glass, ceramic and chemicals maker AGC Asahi Glass has paid JPY60 billion ($510 million) for CMC Biologics, a Denmark-based biopharmaceutical manufacturer backed by several private equity firms.
China truck logistics platform Huochebang raises $115m
Chinese online truck logistics platform Huochebang has raised $114.68 million in an initial Series B round of funding led by the International Finance Corporation (IFC) and All-Stars Investment.
Advent invests in India's ASK Group
Advent International has bought a minority stake in Indian investment and wealth management business ASK Group.
AVCJ Awards 2016: Venture Capital Professional of the Year: Shailendra Singh
Shailendra Singh, managing director at Sequoia Capital India, discusses the long-term thinking in emerging markets’ rapidly changing tech ecosystems
AVCJ Awards 2016: Deal of the Year - Large Cap: Golden Apple Education
PAG Asia Capital spent 12 months negotiating over Golden Apple Education Group, but emerged with the first sizeable buyout-cum-restructuring by a foreign PE firm in China
China's Bona Film receives $360m after PE-backed privatization
Chinese film distributor Bona Film Group, which was taken private eight months ago by a consortium of PE investors and company management, has raised a RMB2.5 billion ($360 million) round led by existing shareholders Alibaba Pictures and Tencent Holdings....
India's Deep Industries raises $20m from Tridevi
Emerging markets-focused private equity firm Tridevi Capital has invested $20 million in India-listed energy exploration company Deep Industries.
AVCJ Awards 2016: Deal of the Year - Late Stage Tech: Go-Jek
As an early-mover in Indonesia’s online-to-offline space, Go-Jek has built up a presence in 14 verticals. Its Series D round is intended to help consolidate this dominant position
AVCJ Awards 2016: Deal of the Year - Early Stage Tech: Zai Lab
Zai Lab has carved a niche licensing pre-clinical findings from the West for development into drugs in China, but its ambitions are global. Several VCs have faith in the project
AVCJ Awards 2016: Operational Value Add: China Hydroelectric
NewQuest Capital Partners inspired fellow shareholders in China Hydroelectric to back an aggressive take-private and achieve a seven-fold hike in equity value