Funds
CVC to acquire Executive Centre from Headland
CVC Capital Partners has agreed to buy Hong Kong-based serviced office provider The Executive Centre (TEC) from Headland Capital Partners for an undisclosed sum.
Matrix India backs Chumbak Design
Matrix Partners India has made an investment in Chumbak Design, a Bangalore-based design-led consumer products company that makes tech accessories, bags and wallets and souvenirs.
IDG commits $1m to Hong Kong start-up AfterShip
AfterShip, a Hong Kong start-up that runs a package tracking platform, has received $1 million in Series A funding from IDG Capital Partners.
Early stage Japan: Accelerating Tokyo
The numbers suggest that early-stage investing is in the midst of a renaissance in Japan. While the emergence of incubators and angels is encouraging, the start-up community still lacks depth
Policy vacuum?
Everyone wants to be Silicon Valley. Beijing's Zhongguancun area, Bangalore in India and Tokyo's Shibuya district are among those to earn versions of the moniker by virtue of their technical might. Hong Kong and Singapore have lofty but as yet unrealized...
VCs back iYogi's Spanish strategy
Bearing in mind Spanish has the second- largest number of native speakers in the world - 410 million - after Mandarin, it is little wonder that many businesses see the value in learning the language. India-based technology support services provider iYogi...
Separate accounts: Special treatment
Separate accounts are a tailored and cost effective means through which large institutions can access portfolios of GPs. Though increasingly popular in Asia, they are not suitable, or appealing, to all
CVC hits hard cap for Asia
Three of the last four investments in CVC Capital Partners' third pan-Asian fund were China control deals, and two of them involved restaurants. The Fund IV portfolio will be more diversified - encompassing retail, healthcare and financial services as...
Small still beautiful for Riverside
The story of private equity in Asia is largely one of rising fund sizes and ever larger equity checks. The Riverside Company plans on staying small - a segment it has occupied globally for over 25 years. The mid-market buyout player sees a huge opportunity...
India to see rise in restructuring opportunities - PE survey
India will see a sharp increase of corporate restructurings over the next 12 months, driven by corporate debt and liquidity issues, according to a PE industry survey by global business advisory firm AlixPartbers.
Japan's Next Capital exits massage chair maker to Asahi
Next Capital has agreed to exit its stake in Fuji Medical Instruments (Fujiiryoki), a Japanese manufacturer of massage chairs and other health-related products, to Asahi Holdings for JPY7.8 billion ($76.7 million).
Century Bridge invests $60m in China residential developments
Sino-US real estate investor Century Bridge Capital has committed $60 million to two joint venture developments in China.
Taiwan's National Development Fund targets tech investments
Taiwan’s National Development Fund has committed NT$1.15 billion ($38 million) to local polysilicon maker Powertec Energy Corporation and a biomedical-focused fund owned by China Development Industrial Bank (CDIB).
CVC announces final close of $3.5b on fourth Asian fund
CVC Capital Partners has announced a final close on its fourth pan-Asian fund at the hard cap of $3.5 billion. The vehicle has spent just under a year in the market, having launched in June 2013 with a target of around $3 billion.
VC-backed Jumei gains 10% on trading debut after $245m IPO
Jumei International Holding, a Chinese online beauty products retailer backed by several VC investors, saw its stock jump nearly 10% on its US trading debut on Friday, following a $245.1 million IPO.
Fenox, Mizuho lead $10m round for Japan e-scooter maker
Fenox Ventures and Mizuho Capital have led a $10 million round of investment in Terra Motors Corp, a Japanese manufacturer of two and three-wheeler electric vehicles.
Ventureast exits India's Bioserve to Cancer Genetics
US biotech firm Cancer Genetics has acquired India's BioServe Biotechnologies for around $1.9 million, paving an exit for early-stage investor Ventureast.
Riverside closes second Asia fund at $235m
Global mid-market buyout firm Riverside has reached a final close of $235 million on its second Asia fund - Riverside Asia-Pacific Fund II (RAF II), 57% above its original target of $150 million.
VIDEO: Jessica Archibald of Top Tier Capital Partners
From Facebook’s acquisition of WhatsApp to Google’s purchase of Nest Labs, large US technology companies are increasingly using the ample cash on their balance sheets for M&A. Jessica Archibald, managing director at Top Tier Capital Partners, this trend...
RBI panel backs PE to buy up to 40% of distressed Indian banks
A panel appointed by the Reserve Bank of India (RBI) to review banking industry governance has recommended that private equity firms, including sovereign wealth funds, be allowed to buy up to 40% of distressed lenders.
Monk's Hill Ventures launches $80m Southeast Asia fund
Monk’s Hill Ventures, a Singapore-based VC firm, has launched a S$100 million ($80 million) fund to support the growth of start-ups in Southeast Asia.
NVP raises $1.2b for global VC fund
Norwest Venture Partners (NVP) has reached a final close of $1.2 billion on its latest fund, which will make early to late stage venture and growth investments out of the US and via subsidiaries in India and Israel.
Australia scales back start-up funding schemes
Support for technology start-ups is among the casualties in Australia’s austerity budget, with several programs discontinued, including the Innovation Investment Fund (IIF), which sponsors VC funds.
Wearable technology: Heart on your sleeve
Wearables promise to be the next disruptive technology, redefining our daily lives. Are venture capitalists right to be excited and are they getting excited about the right things?