Investments
AVCJ Awards 2016: Firm of the Year & Fundraising of the Year - Mid Cap: Quadrant Private Equity
Australia-based Quadrant Private Equity has made a habit of six-week fundraises. The capital continues to target middle-market consolidation plays
Everbright-IDG fund commits $72m to China e-commerce app
China Everbright (CEL) and IDG Capital Partners have completed a RMB500 million ($72 million) investment in Daling, which operates a Chinese mobile shopping recommendation app targeted at women.
SCPE commits $50m to India's IFMR, LeapFrog to part exit
Standard Chartered Private Equity (SCPE) has committed $50 million to Indian non-banking finance company (NBFC) IFMR Capital, providing an exit for LeapFrog Investments.
China VC-backed education platform raises extended Series C
Changingedu, a China-based after-school tutoring platform backed by several VC investors, has raised an additional $18 million in an extended Series C round from US-listed Chinese company TAL Education Group.
Hony's F&B platform leads $11.5m round for China fast food chain
Hony Capital has led a $11.5 million Series B round for Xi Shao Ye, a Chinese fast food chain, through its Hong Kong-listed food and beverage platform Best Food Holding.
Denham-backed platform acquires Australian renewables projects
Resources-focused private equity firm Denham Capital has invested in three renewable energy projects across Australia via its Singapore-based investment platform Nexif Energy.
India's VC-backed Practo acquires US analytics start-up
Indian clinic management software developer and doctor search portal Practo, which is supported by several VC investors, has acquired US-based analytics firm Enlightiks.
Korea's Memebox gets extended Series C round
South Korean beauty products e-commerce company Memebox has raised another $60 million in an extended Series C round of funding.
PE-backed Claris exits division to US strategic
Claris Lifesciences, an Indian drug maker with several PE backers, has agreed to exit its injectables division to US-based generic pharmaceutical developer Baxter International.
Singapore's GIC backs $2.9b US IT take-private
GIC, Singapore’s sovereign wealth fund, is set to take a minority stake in New York-listed IT services provider Neustar as part of a take-private led by US-based Golden Gate Capital that values the company at $2.9 billion.
Epsilon leads $23m round for India's Pi Datacenters
Epsilon Venture Partners has led a INR1.5 billion ($23 million) Series A round for Indian data center and cloud service provider Pi Datacenters.
CDH leads $120m round for China AI player Sense Time
CDH Investments has led a $120 million Series B round of funding for Sense Time, a Chinese artificial intelligence (AI) and deep learning technology start-up.
Hahn & Co, Ssangyong Cement bid for Hyundai Cement
Hahn & Co. is continuing its consolidation efforts in Korea’s cement industry, having teamed up with listed Ssangyong Cement – in which it holds a controlling stake – to bid for industry rival Hyundai Cement.
Timeline: 2016 by numbers
A selection of the key fundraising, investment and exit events - presented in chronological order - from the past 12 months
Five trends for 2017
AVCJ looks at how its 2016 predictions turned out and identifies some key themes for the year ahead
KKR's Emerald Media joins $35m round for India-based Amagi
Emerald Media, an Asia media and entertainment investment platform founded by KKR, has participated in a $35 million Series D round of funding for India-headquartered Amagi Media Labs, a provider of cloud-based managed broadcast services and advertising...
CDH invests $110m in Chinese energy tech player
CDH Investments has committed $110 million to Sunpower, a China-based and Singapore-listed company that designs and manufactures energy conservation equipment.
Cassia backs $40m investment in China retail
Cassia Investments has supported Japanese clothing maker Evisu Group's $40 million buy-back of its China retail and franchising rights.
Deal focus: Allegro brings driller back from the brink
Allegro carves out JSW Australia from bankrupt Hughes Drilling with a view to capitalizing on the country's gradual mining rebound
PE consortium bids $5.4b for Australia gaming business Tatts
A consortium comprising Morgan Stanley Infrastructure, KKR, First State Super and Macquarie has submitted a buyout offer for Australian lottery operator Tatts Group that values the business at up to A$7.3 billion ($5.4 billion).
H&Q brings insurers into $20m round for US-based One Inc
H&Q Asia Pacific has participated in a $20 million round of funding for its US-based portfolio company One Inc, a maker of software-as-a-service (SaaS) products for the insurance industry.
Portfolio: The Longreach Group and Primo Japan
The Longreach Group bought Primo Japan last year to bring its bridal jewelry focus region-wide. China expansion is the first step toward the company’s Asian leadership
INCJ, Khazanah invest $600m in Malaysian telecom player
Innovation Network Corporation of Japan (INCJ) and Malaysian state-controlled fund Khazanah Nasional have agreed to invest a combined $600 million in Kuala Lumpur-based telecom infrastructure company Edotco.
Omidyar leads $10m Series B for India's Indifi
Omidyar Network has led a $10 million Series B round for Indian small business financial services provider Indifi.