Funds
Japan Industrial Solutions invests $98m in Unitika
Turnaround specialist Japan Industrial Solutions (JIS) has agreed to acquire a stake in listed textiles manufacturer Unitika for JPY10 billion ($98 million).
SIG commits $20m to China discount site 51Fanli
SIG China has committed $20 million in a Series B round of funding to 51Fanli, a Shanghai-based online discount aggregation site.
Aion makes India breakthrough
The decisive victory recorded by new Prime Minister Narendra Modi in India’s general election has removed a lingering element of uncertainty regarding economic and foreign investment policy, but it cannot save companies from their past misdeeds.
LPs buy into SSG's special sits story
Direct lending has gained traction among PE investors in Asia who see an opportunity to meet the capital needs of small businesses that are unable to tap conventional sources of financing. SSG Capital is keen to differentiate itself from the mainstream....
TPG looks up after bumpy fundraise
The fundraising process for TPG Asia VI was not smooth. More than two-and-a-half years in the market, a reduced target, changes in senior management, and churn within the China team prompting questions about the PE firm’s ability to cover what is arguably...
Accelerator fundraising: Backing the batch
The start-up accelerator can offer attractive opportunities for early-stage investors but the business model is still in its infancy and educating potential backers can still be challenge
India e-commerce: Arms race
Chinese online retailer JD.com's US IPO was preceded by a three-year period in which it raised $1.7 billion from private equity and venture capital investors. This faith has, so far, paid off, with $1.8 billion raised through the IPO – allowing partial...
DST leads $210m round for India's Flipkart
Indian e-commerce giant Flipkart has raised a $210 million round of funding led by Russian investor DST Global.
China PE funds invest in Hunan Boyun New Materials
Shenzhen-listed Hunan Boyun New Materials has raised RMB629 million ($100 million) from investors including domestic PE funds Xiangtou High-Tech Venture and Hunan Da Boyun Investment.
Auda names Jacob Chiu head of Asia, opens in Shanghai
Auda has appointed Jacob Chiu, who departed FLAG Squadron Asia last year, as managing director and head of its Asia business. The fund-of-funds, secondaries and co-investment solutions provider has also opened an office in Shanghai.
Indosat, SoftBank form $50m Indonesia VC fund
Indonesian mobile telecom operator Indosat and Japanese Softbank have launched a $50 million venture capital fund targeting Indonesian start-ups.
VCs invest $1.3m in Japan mobile rewards platform
Gree Ventures, CyberAgent Ventures and Incubate Fund have together invested $1.3 million in Yoyo, the start-up behind mobile rewards platform Candy.
Unitus backs India mobile e-commerce site Jiffstore
Unitus Seed Fund has invested in Jiffstore, an Indian mobile e-commerce company. Financial details of the deal were not disclosed.
Australia's PEP submits $1b take-private bid for SAI Global
Pacific Equity Partners (PEP) has launched a take-private bid for SAI Global that values the Australian Securities Exchange-listed risk management and standards compliance business at up to A$1.1 billion ($1 billion).
VC-backed Xunlei files for US IPO
Xunlei, a Chinese file-sharing and download management platform backed by a string of VC firms, has revived plans for a US IPO, two-and-a-half years after abandoning a NASDAQ offering due to market volatility.
VC-backed Indian e-commerce giant Flipkart acquires Myntra
VC-backed Indian online shopping company Flipkart has acquired fashion retailer Myntra as competition intensifies in the country's e-commerce market.
TPG closes sixth Asian fund at $3.3b
TPG Capital has closed its sixth pan-Asia fund at $3.3 billion after more than two years in the market.
ICICI Venture-backed India theme park operator files for IPO
Adlabs Entertainment, the ICICI Venture-backed firm behind theme park Adlabs Imagica, wants to raise more than INR4 billion ($68 million) through an India IPO.
China audio platform Ximalaya raises $11.5m
Ximalaya, a Chinese audio sharing platform, has raised $11.5 million in a Series A round of funding from KPCB, SIG China and Sierra Ventures.
India's Snapdeal raises $100m in new funding
Temasek Holdings, BlackRock, Premji Invest and Hong Kong-based investors Myriad Asset Management and Tybourne Capital Management have together invested $100 million in Jasper Infotech, the Indian e-commerce company behind Snapdeal.
Chinese group-buying site 55Tuan secures $50m
55Tuan, a Chinese group-buying site, has received $50 million in a new round of funding from existing investors, including CDH Investments and Zero2IPO Capital.
China Soft Capital, Yangquan Coal form $480m industry fund
China Soft Capital (CSC) and Yangquan Coal Industry Group have launched an industry buyout fund with a target of RMB3 billion ($480 million).
SSG raises $915m for Asia special situations fund
SSG Capital Partners has closed its third Asia special situations fund at the hard cap of $915 million after approximately five months in the market.
Legend Capital closes sixth China VC fund at $500m
Chinese venture capital firm Legend Capital has reached a final close of $500 million on its sixth US dollar-denominated fund.