Funds
Australian agri information service gets Series C round
Agworld, an Australia-based information exchange platform for farmers, has raised A$6 million ($5.6 million) in a Series C round of funding led by Reed Elsevier Ventures. Existing investor Yuuwa Capital also participated.
Next Capital exits NZ bus operator to Maori funds
Next Capital has agreed to sell New Zealand bus operator Go Bus to Maori investment funds Ngai Tahu Holdings Corporation (NTHC) and Tainui Group Holdings (TGH).
Portfolio: CVC, Headland and The Executive Centre
The Executive Centre has seen four different financial owners as its serviced office business has grown. CVC Capital Partners is the latest custodian tasked with taking the company to the next level
PLDT sees Rocket as proxy for global growth
Smart eMoney, a mobile payment business owned by Philippine Long Distance Telephone (PLDT), first ventured overseas in partnership with Mastercard in 2010.
Omnivore has sunny outlook for SkyMet
With around two-thirds of India's 1.2 billion-strong population reliant on farming for a livelihood the importance of the monsoon season to the economy cannot be overstated. A weak monsoon can cut exports, drive food price inflation and ultimately cause...
CVC to sell Korea's WiniaMando to Hyundai Green Food
CVC Capital Partners has agreed to sell WiniaMando, a South Korean manufacturer of kimchi refrigerators, to Hyundai Green Food, a subsidiary of leading domestic retailer Hyundai Department Store. The deal is worth around KRW150 billion ($146 million).
Rocket Internet’s Foodpanda raises $60m
Foodpanda, an online take-away food delivery marketplace incubated by Rocket Internet, has raised $60 million in a new round of financing from new investor Falcon Edge Capital as well as existing backers.
CBRE GMM reaches final close on Asia real estate fund
The investment arm of global real estate advisor CBRE has announced a final close on the Asia Alpha Plus III (AAP III) Fund of $236 million.
GGV leads round for Chinese personal finance app Yingying
GGV Capital has led a Series A+ round of funding for Yingying Licai, a Chinese personal finance mobile app.
Gree, Atomico lead $35m Series B for Japan news app
Japanese internet gaming firm Gree, and tech-focused investor Atomico, have led a JPY3.6 billion ($35.4 million) Series B round investment in SmartNews, the Tokyo-based start-up behind the news curation app of the same name.
Australia's Treasury Wines receives competing buyout offer
Australia’s Treasury Wine Estates (TWE) has received a buyout offer from TPG Capital that values the company at A$3.37 billion ($3.15 billion), matching a revised bid submitted by KKR and Rhône Capital last week.
Legend Star invests in China vacation rentals site Zhubaijia
Legend Star, a Chinese incubator program launched by Legend Holdings and the Chinese Academies of Sciences, has invested $1 million in Zhubaijia, a Chinese vacation rentals website.
VC-backed iDreamSky jumps 6% on debut after $116m US IPO
Shares in iDreamSky Technology - a Chinese third-party mobile game publisher backed by Legend Capital and Redpoint Ventures - jumped 6.42% on the firm's NASDAQ debut.
KKR-backed Rundong Auto IPO prices at bottom of range
Rundong Auto Group, a Chinese car dealership chain backed by KKR, has raised $124 million in its Hong Kong IPO, after pricing the offering at the bottom end of the indicative range.
China Life to buy $250m TPG stake - report
China Life - the world's third largest insurer - is to acquire a stake in TPG Capital for $250 million.
Chinese home projector maker XGimi Tech secures $16.5m
XGimi Technology, a home projector manufacturer, has secured a RMB100 million ($16.5 million) Series A round of financing from Shenzhen CDF-Capital.
South Korea mobile loyalty platform raises $3.9m
Daesung Private Equity and Bokwang Investments have invested $3.9 million in Spoqa, the South Korean start-up behind mobile loyalty platform Dodo Points.
DRC Capital launches Fund III, holds $25m first close
Japanese mid-market buyout shop DRC Capital has launched its third buyout fund - Japanese Limited Partnership DRC III - quickly followed by an initial close of JPY2.5 billion ($25 million).
Partners Group acquires 12% of Venator's China RE fund
Partners Group has acquired a 12% stake in Trophy Property Development (TPD), a $1 billion China-focused property development fund managed by Venator Real Estate Capital. The financial details of the transaction were not disclosed.
KKR, Rhône make renewed $3.15b offer for Australia wine-maker
KKR, together with Rhône Capital, has made a revised A$3.37 billion ($3.15 billion) offer to acquire Australia Securities Exchange (ASX)-listed Treasury Wine Estates.
Japan's REVIC invests $10m in restaurant chain
The Regional Vitalization Corporation of Japan (REVIC) has invested JPY1 billion ($10 million) in Tokyo-listed restaurant chain Friendly.
Qualcomm backs India's Portea Medical
Qualcomm Ventures, the venture investment unit of US chip-maker Qualcomm, has invested in India's Portea Medical, a provider of in-home healthcare services. The financial details of the transaction were not disclosed.
Asian Venture Capital: Not yet bubble territory
Is Asian venture capital back in favor? Based on what has been happening in the last year or so, the answer would be a resounding yes. Like their peers in Silicon Valley, the Asian VC community is certainly seeing more activity than say three years ago.
EQT taps mobile professional growth
As wealth among the Gulf states has has grown so has the demand for better healthcare. According to a recent report by Dubai-based Alpen Capital, the Gulf Cooperation Council (GCC) healthcare market will be worth $69.4 billion by 2018 - up from $39.4...