Investments
Hong Kong's AID Partners acquires YouTube partner network
Hong Kong-based private equity firm AID Partners has agreed to acquire a majority stake in Freedom! Network, a multi-channel network on YouTube, for HK$468.1 million ($60 million).
Hillhouse, Warburg, Tencent lead round for China’s Mobike
Shanghai-based bike rental service start-up Mobike has raised a Series C round of funding led by Hillhouse Capital, Warburg Pincus and Tencent Holdings.
China GPs see window of opportunity to work with corporates on outbound M&A - M&A Forum
China-focused GPs are cautious about partnering with Chinese corporates on outbound M&A deals, although there is increasing demand for their support in terms of identifying acquisition targets and facilitating post-investment integration.
Deal focus: VIG sees upside in sector that will never die
Korea's ageing population means greater demand for funeral services and smaller household sizes suggest a growing need for support to pay for them. In Good Sangjo, VIG Partners believes it has a business that can capitalize on these trends
Deal focus: Grana takes fashion to the information edge
With $10 million in Series A funding, Hong Kong fashion e-commerce business Grana is looking to accelerate expansion of its high-automation, low-cost and high-quality service offering
3Q analysis: Deep pockets of the state
Fundraising hits a record quarterly high, thanks entirely to Chinese government-backed vehicles; Australia, Southeast Asia compensate for investment slowdown in China; India shines on exits
China’s Baidu launches $3b technology fund
Chinese search giant Baidu has established a RMB20 billion ($3 billion) investment fund, called Baidu Capital, to target mid- and late-stage deals in the internet industry.
AVCJ Awards 2016 - Voting has closed
Voting for the 2016 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks for your participation.
Morgan Stanley invests $46m in Thailand diaper maker DSG
Morgan Stanley Private Equity Asia (MSPEA) has invested THB1.6 billion ($45.6 million) in DSG International Thailand, a maker of baby and adult diapers.
China K12 education platform Xuele raises $200m Series C
Xueleyun, a Chinese education platform, has raised a $200 million Series C round led by China-based PE firm New Horizon Capital. Existing investors GSR Ventures and Huaxin Shiji Investment also participated in the round.
CLSA acquires Japanese BPO firm
CLSA Capital Partners has acquired Japanese business process outsourcing (BPO) company Outsourcing Investments (OSI).
ESG: Digging deeper
Comprehensive adoption of responsible investment protocols in private equity is being driven by a handful of players within the global LP community. They must continue to establish industry best practice
Profile: Saama Capital's Ash Lilani
Ash Lilani of Saama Capital has seen India’s VC community develop from pure growth deals to support a population of true entrepreneurs. Now he hopes to help the country keep building on its strengths
Deal focus: Tricor attracts a scarcity premium
Permira fought off the competition to secure Hong Kong-headquartered corporate and investor services provider Tricor Global. Now the GP plans to pursue a buy-and-build strategy
Deal focus: Korean start-up looks beyond fintech logjam
Viva Republica's payments app is said to be the fastest-growing of its kind globally, but the company is now looking to expand into other geographies and other areas of financial services
China bike-sharing app Ofo raises $130m Series C
Ofo, a Chinese online-to-offline (O2O) bike-sharing platform, has raised a $130 million Series C round of funding across two tranches.
KKR platform Emerald Media commits $50m to Indian streaming site
Emerald Media, a pan-Asian media and entertainment investment platform founded by KKR, has committed $50 million to India and US-based video-streaming provider YuppTV.
China’s CSC Group backs UK AI incubator
Chinese private equity firm CSC Group has invested in Founders Factory, a London-based accelerator and incubator, with a view to getting exposure to artificial intelligence (AI) technology start-ups.
Invascent invests $6m in Indian IVF clinic chain
Indian healthcare-focused GP Invascent Capital has committed $6.2 million to in-vitro fertilization (IVF) clinic chain Oasis Centre for Reproductive Medicine.
Everstone buys US-based CRM firm to support India expansion
Everstone Group has agreed to buy US-based customer relationship management (CRM) solutions provider CustomerContactChannels (C3) with a view to helping the company expand in India.
InnoVen ramps up India venture debt funding
InnoVen Capital has provided more than $20 million in venture debt across 15 deals for new and existing portfolio companies in India in the second quarter of the 2017 financial year.
Temasek, 3i to exit ACR Capital to Chinese consortium
An investment vehicle controlled by China's Shenzhen Qianhai Financial Holdings (QFH) and Shenzhen Investment Holdings (SIHC) has agreed to buy Singapore-based reinsurer ACR Capital Holdings from its backers, which include Temasek Holdings, Khazanah Nasional...
Chinese consortium to invest in Australia’s Buderim Group
Sino-Australian PE firm Wattle Hill RHC Funds has partnered with Chinese snack producer QiaQia Food to acquire a stake in Buderim Group, Australia’s largest ginger producer, for approximately A$26.1 million ($20 million).
IFC commits $11m to Indonesian gas producer's IPO
The International Finance Corporation (IFC) has invested $11 million in Indonesia-based Aneka Gas Industri as part of the gas production company’s domestic IPO.