Funds
Tencent, Tiger Global lead $350m round for China mobile shopping app
Koudai Gouwu, a Chinese mobile shopping portal, has raised a $350 million Series C round of funding led by Tencent Holdings and Tiger Global. H Capital, VY Capital and DST Advisors also participated.
Centerbridge leads $352m restructuring of Australia-listed miner
Centerbridge Partners will support a $352 million restructuring plan for Boart Longyear, an Australia Securities Exchange-listed mining services provider that has struggled as falling commodities prices prompt a scaling back in exploration.
Sequoia leads $55m Series C for Chinese English-study site
Sequoia Capital has led a $55 million Series C round of funding for 51Talk, a Chinese online English-teaching platform, with participation from Shunwei Capital Partners and DCM.
Mizuho Capital to launch $300m SME mezzanine fund
Mizuho Capital Partners is set to launch a new JPY30 billion ($277 million) mezzanine fund which will support Japanese small- to medium-sized enterprises (SMEs) in the form of subordinated loans and preferred shares.
IDG-backed Sky Solar seeks up to $150m in US IPO
Sky Solar Holdings, a Hong Kong-based independent power producer (IPP) backed by IDG-Accel China Capital, plans to raise up to $150 million through a US IPO.
Singapore's Infocomm Investments extends reach to Europe
Infocomm Investments, a VC arm of the Singapore government-backed Infocomm Development Authority (IDA), has opened an office in London, its second overseas base after Silicon Valley.
SoftBank leads $100m round for Indonesia e-commerce player
SoftBank will lead a $100 million round of funding for Tokopedia, an Indonesian online marketplace. Sequoia Capital will also participate alongside existing investor SB Pan Asia Fund.
Advent hires ex-Evonik China president for chemicals coverage
Advent International has hired Dr Dahai Yu - the former president of Evonik China - as operating partner to cover its investments in the chemicals sector.
China's Baidu, Ping An, Qihoo360 invest in Israeli VC fund
Israeli VC firm Carmel Ventures has reached a $194 million final close on its latest VC fund with participation Chinese tech giants Baidu and Qihoo360 as well as insurer Ping An Group.
Deutsche AWM raises $1.65b for global secondaries fund
Deutsche Asset & Wealth Management (DeAWM) has reached a first and final close on its third global secondaries fund at the hard cap of $1.655 billion.
Lightbox II builds on Indian legacy
Earlier this year Kleiner Perkins Caufeild & Byers (KPCB) and Sherpalo Ventures - the investment firm founded by Ram Shriram - decided to bring their nine-year Indian adventure to a close and refocus on the US.
Australia's OneVentures hits $53m first close on second VC fund
Australian venture capital firm OneVentures has reached a A$60 million ($53 million) first close second fund, which is looking to raise $100 million for Series B and C stage investments.
Intel Capital invests $28m from China smart device fund
Intel Capital, the US chip maker's corporate venture capital arm, has invested $28 million from its China Smart Device Innovation Fund (CSDIF) into a batch of technology start-ups.
VC-backed eHi Car Rental invests in China's Kuaidi Dache
Chinese car rental firm eHi Car Services, which has several VC backers and is targeting a US IPO, has invested $25 million in Kuaidi Dache, one of the country’s two dominant taxi-booking apps.
Japanese mobile app Quan gets VC backing
Japanese mobile game developer Quan has received an undisclosed sum from a group of domestic VC investors.
Permira exits Japan's Arysta LifeScience to US strategic for $3.5b
Permira has exited its investment in Japanese agricultural chemicals maker Arysta LifeSciences to US chemicals firm Platform Specialty Products (PSP) for about $3.51 billion.
Tiger Global leads Series C round for GrabTaxi
Tiger Global Management has led a Series C round of funding for GrabTaxi, a Southeast Asian-focused taxi-booking mobile phone app.
Japan online home-hunter service bags $2m from VCs
Japan's YJ Capital and Incubate Fund have invested JPY200 million ($1.9 million) in Ietty, a Tokyo-based start-up that runs an online platform for home-hunters.
Tembusu provides seed round for Singapore's GNum
Tembusu Partners has committed S$7 million ($5.5 million) in seed funding to GNum, developer of a patent-pending technology that allows calls from PCs and handheld devices to be routed to a user’s mobile phone without the need to first download an app....
Texas County & District commits $50m to Baring Asia fund
Texas County & District Retirement System (TCDRS) has committed $50 million to Baring Private Equity Asia’s sixth pan-regional fund, which recently reached a first close of $3.2 billion.
Qiming-backed life science firm BBI files for Hong Kong IPO
BBI Life Sciences Corporation, a Chinese genetic engineering specialist backed by Qiming Venture Partners, has filed for an IPO in Hong Kong. The company has yet to disclose the size and pricing of the offering.
PE-backed Wanda Cinema seeks for $326m in A-share IPO
China’s largest movie theater chain Wanda Cinema Line Corporation, which has a string of PE investors, has won regulatory approval for an IPO that could raise RMB2 billion ($326 million) in Shenzhen.
China's Suning sells stores to CITIC Goldstone for $655m
Suning Commerce Group, China's leading home appliance retailer, has sold 11 stores to CITIC Securities’ direct investment arm Goldstone Investment for RMB4.01 billion ($655 million).
Jiuding-backed Sino Great Wall lists in Shenzhen via reverse merger
Sino Great Wall International, a Chinese interior decorating contractor backed by JD Capital, plans to list on the Shenzhen Stock Exchange through a reverse merger with Victor Onward Textile Industrial.