Investments
DCM leads $10m round for China big data specialist
DCM Ventures has led a $10 million round for SequoiaDB, a Chinese big data software developer, followed by existing investor Qiming Venture Partners.
KKR commits $78m to India's Kwality
KKR has agreed to invest INR5.2 bilion ($77.7 million) in Indian dairy products provider Kwality in a structured finance transaction.
2Q analysis: Flattering to deceive?
China shores up Asia investment activity, driven by tech-related deals; robust VC fundraising in China, Southeast Asia masks weak region-wide activity; volatility prolongs the exits downturn
IDG Capital Partners closes $1b China VC fund
IDG Capital Partners has closed its latest China-focused venture capital fund at $1 billion, in partnership with Silicon Valley-based Breyer Capital.
BOV Capital launches $14.9m Sri Lanka VC fund
Sri Lanka and Singapore-based venture firm BOV Capital has launched its maiden INR1 billion ($14.9 million) vehicle, with a mandate to invest in early-stage Sri Lankan technology companies.
Terra Firma to exit Odeon & UCI Cinemas to Wanda's AMC
UK private equity firm Terra Firma will exit Odeon & UCI Cinemas for GBP921 million ($1.2 billion) to AMC Entertainment, a US-listed cinema chain operator owned by Chinese conglomerate Dalian Wanda Group.
Singapore’s Paktor raises $10m for Japan, Korea expansion
Paktor, a Southeast Asia-focused mobile dating app, has raised $10 million in a new round of funding led by Japan’s YJ Capital, the corporate venture arm of Yahoo Japan.
Carlyle to exit China’s Concord Medical via founder-led privatization
The Carlyle Group is set to make a full exit from Concord Medical Services, a US-listed Chinese radiotherapy and diagnostic imaging center operator, in a take-private transaction initiated by the company’s chairman and CEO.
Greenstone acquires 20% stake in Australia's Metro Mining
Commodities-focused private equity firm Greenstone Resources has paid A$8.9 million ($6.7 million) for about a 20% stake in Australian coal and bauxite project developer Metro Mining.
Baring Asia, Onex buy Thomson Reuters unit for $3.5b
Baring Private Equity Asia and Canadian buyout firm Onex Corporation have agreed to acquire Thomson Reuters’ Intellectual Property and Science (IP&S) business for $3.5 billion.
IIFL, Accion lead round for Indian fintech startup NeoGrowth
IIFL Asset Management and Accion Frontier Inclusion Fund have led a funding round of an undisclosed amount in Indian small retailer-focused fintech start-up NeoGrowth.
Singapore’s Hera backs social media content publisher
Singapore private equity firm Hera Capital has made an undisclosed equity investment in My Social Book, a company that publishes personalized hardback scrapbooks, diaries and photo albums based on customers’ timestamped social media resources.
CVC backs $1.1b Nirvana Asia take-private
CVC Capital Partners has offered to buy out Hong Kong-listed Nirvana Asia, Asia’s largest funeral services firm, in a cash and stock swap deal worth $1.1 billion.
Advent makes two investments in Australia
Australia’s Advent Private Capital has made investments in two separate domestic social services companies on the back of two exits.
Everbright mezzanine fund backs western China education player
China Everbright has invested an undisclosed sum in Sichuan Hope Education Group, which claims to be the largest private education provider in western China, through its renminbi-denominated mezzanine fund.
China's VC-backed Qufenqi raises $490m pre-IPO round
Qufenqi, a Chinese retailer that allows online buyers to pay in installments for consumer electronics purchases, has raised approximately RMB3 billion ($490 million) in pre-IPO financing.
Yorkway invests in Australia's One Investment
Yorkway Capital Partners has entered a strategic partnership with Australian corporate fiduciary services provider One Investment Group and has made an investment in the company.
Cross-border VC: Changes in the wind
US-China cross border investment continues to present exciting opportunities for venture capital firms targeting technology start-ups, but investors must keep up with the pace of the market’s transformation
Quadria buys into India's Concord Biotech
Quadria Capital has led a consortium including US-based investment firms Rising Tide and Neuberger Berman to take a stake in India’s Concord Biotech.
Sequoia leads $70m round for China cloud services specialist
Existing investor Sequoia Capital China has led a $70 million Series C round for Yuntongxun, a Chinese provider of cloud-based services for corporate communications, followed by TrustBridge Partners.
Ping An commits $300m to PE-backed logistics platform
Ping An Real Estate, the real estate investment and asset management platform of China's Ping An Insurance Group, has committed $300 million to e-Shang Redwood (ESR), a real estate logistics platform backed by Warburg Pincus with operations in China,...
Stripes Group leads $81m round for India's Bigtree Entertainment
US venture capital firm Stripes Group has led an INR5.5 billion ($81.4 million) funding round for India’s Bigtree Entertainment, the company behind cinema and events ticketing site BookMyShow.
China's CIC backs buyout of French property services player
China Investment Corporation (CIC) has joined a consortium to acquire French property services company Foncia for EUR1.8 billion ($2 billion).
Go Scale agrees EV battery partnership with SPI Energy
Go Scale Capital, a technology-focused PE firm with links to GSR Ventures, has teamed up with US-listed solar power specialist SPI Energy on a $500 million project to build an electric vehicle (EV) battery projects business in China and globally.