Funds
PE-backed Monash IVF loses momentum after $298m IPO
Shares in Australian in vitro fertilization company Monash IVF Group slipped below the offering price on the second day of trading, following a A$315.9 million ($298 million) IPO that saw Ironbridge Capital exit the majority of its holding.
PAG buys Commerzbank’s Japanese real estate business
A PAG-led consortium has acquired a portfolio of around EUR700 million ($954 million) in primary subordinated loans held by Commerzbank’s Japan real estate subsidiary, plus local operations and staff.
Abe's third arrow is Japan PE's 'best-ever chance' - AVCJ Forum
Prime Minister Shinzo Abe's third arrow of structural reform - and his ability to push it through - could present the best-ever opportunity for a resurgent Japan, industry participants say.
China sees first PE-backed IPOs in four months
The first two PE-backed Chinese companies to go public on domestic bourses in fourth months saw their shares jump more than 40% on the Shenzhen Stock Exchange.
Cisco allocates $40m to Indian start-ups
Cisco Investments, the VC arm of Cisco, has allocated $40 million to fund early-stage companies in India.
Chinese e-commerce platform Qianmi secures $8m
Qianmi.com, a Chinese e-commerce system and technology service provider, has received RMB50 million ($8 million) in Series A funding from Bang Sheng Capital, a subsidiary of state-owned Govtor Capital.
StepStone enters real estate space, targets Asia expansion
StepStone has moved into the real estate sector with the addition of executives from Clairvue Capital Partners. The new team has built portfolios in the US and Europe and plans to add professionals in Asia over the next 12 months.
Intel Capital backs New Zealand, India software start-ups
Intel Capital, the captive VC arm of the global chipmaker, has announced investments in two software developers, based in New Zealand and India, respectively.
China menstruation-tracking app Meet You raises $35m
SIG Asia Investment has led a $35 million Series C round of funding for Meet You, a Chinese menstrual health mobile app, with participation from Matrix Partners and China Renaissance K2 Ventures.
VC-backed Xunlei jumps 24% on debut after $88m IPO
Xunlei, a Chinese file-sharing and download management platform backed by a string of VC firms, saw its stock gain 24% on its first day of trading on NASDAQ following a $88 million IPO.
China’s Pixar dream wins VC support
Gary Wang has start-up pedigree. The Chinese entrepreneur took online video company Tudou.com from nothing to a US listing, and two years ago, a merger with rival Youku.com in a deal worth $1 billion. Wang now runs an animated film studio, which is already...
Secondaries: Choice cuts
Secondary fundraising has reached new highs over the past year, signaling greater investor appetite for the asset class. What is driving the demand and who is likely to benefit?
VC in China P2P: Revert to the norm?
China venture capital goes through fads and phases. A business model – perhaps already proven in another market – is rolled out locally. This precipitates a flood of copycats, plunging the market into a period of cutthroat competition. Consolidation...
Lightspeed China closes Fund II at $260m
Lightspeed China Partners has reached a final close of $260 million on its second China fund, exceeding the target of $220 million.
Riverside buys Australia orthopedics business
Global mid-market buyout firm The Riverside Company has acquired Global Orthopaedic Technologies (GOT), an Australian orthopaedic implants manufacturer.
Australia's Lifx goes from Kickstarter to Series A
Sequoia Capital has led a $12 million Series A round of investment for Lifx, an Australian manufacturer of Wi-Fi enabled light bulbs.
GGV, Chengwei lead $20m round for Chinese animation studio
GGV Capital and Chengwei Capital have led a $20 million Series B round of funding for Light Chaser Animation Studios, a Chinese animation producer.
Carlyle to acquire Japan's Sunsho Pharmaceutical
The Carlyle Group has agreed to acquire Sunsho Pharmaceutical, a contract manufacturer in the Japan's health and nutrition (H&N) industry. The financial details of the transaction - which will see the PE firm take a 100% stake - were not disclosed.
Morningside backs China online P2P lender Yooli
Morningside Technologies has provided a Series B round of funding for Yooli.com, a Chinese peer-to-peer financing platform backed by Softbank China Capital.
KDDI, Jafco invest $12m in Japan news app Gunosy
Japanese telecom giant KDDI Corp. has led a JPY1.2 billion ($11.8 million) round of investment in news app developer Gunosy.
China’s Qiming appoints two new partners
Qiming Venture Partners has appointed two new partners, Kuantai Yeh and Jing Wu, who join from Highland Capital Partners and CITIC Private Equity, respectively.
China vacation rental site raises $100m from VC investors
Venture capital investors have committed $100 million in Series C funding to Tujia.com, a Chinese vacation-rental website. The company has now raised $164 million since inception.
SoftBank's VC arm to help Kony expand in Asia
The VC arm of Japan’s SoftBank Corp. has led a $50 million round of funding for US-based Kony with a view to helping the enterprise mobility company expand in Asia.
CyberAgent launches $50m start-up fund
CyberAgent Ventures, the corporate VC arm the Japanese internet firm, has formed a new fund worth JPY5 billion ($49 million).