Funds
Riverside acquires Japan bicycle retailer
The Riverside Company has acquired Y. International, a Japanese bicycle retail chain. The financial terms of the deal were not disclosed.
GLP launches $3b China logistics fund
Global Logistic Properties (GLP), a Singapore-listed warehouse developer largely owned by GIC Private, has launched a $3 billion China-focused logistics infrastructure fund, capturing the opportunities in China domestic consumption and the shortage of...
Matrix, Tiger Global back Indian cab rental firm Olacabs
Olacabs has received a Series B round of funding from Matrix Partners India and existing investor Tiger Global Management, reportedly worth $20 million.
Dattels, Gray to lead TPG in Asia, Peel steps back
Tim Dattels, a senior partner at TPG Capital, is moving back to Asia to lead the firm’s regional private equity operations in conjunction with Ben Gray. He is replacing Stephen Peel who is withdrawing from day-to-day management.
Singapore's itBit raises capital for Bitcoin exchange
Canaan Partners and RRE Ventures have co-led a $3.25 million round of funding for Singapore-headquartered Bitcoin exchange itBit. Liberty City Ventures, as well angel investors such as The Jordan Company’s Jay W. Jordan II and Beluga co-founder Ben Davenport...
China online video: Big fish, small fish
As Chinese online video consumers switch to mobile platforms, venture capital investors are looking for ways to ride the wave – but they must do it with one eye on strategic players also entering the space
Asia distress: Playing doctor
Asia appears to be destined for a spate of corporate restructurings. Although they are studying a wealth of potential investments, distress specialists say the obvious targets are not always the most accessible
Profile: Helion Venture Partners' Sanjeev Aggarwal
Sanjeev Aggarwal, co-founder of Helion Venture Partners, has been at the vanguard of several pivotal developments in India’s tech industry, from the birth of BPO to the flowering of e-commerce
Industry ponders the future of fund-of-funds - AVCJ forum
Fund-of-funds still have a significant role to play in Asia despite predictions of their demise in changing LP landscape, industry participants argued at the AVCJ Forum in Hong Kong.
Gobi backs China travel site Yododo
Gobi Partners has committed $4 million in Series A financing to Yododo.com, a Chinese hostel booking and travel site.
Carlyle set for another partial exit from Japan's Chimney
The Carlyle Group is set to reap up to JPY14.3 billion ($145 million) through another partial exit from Japanese casual restaurant chain Chimney Corp, after agreeing to subscribe to a tender offer by liquor retailer Yamaya Corp. to acquire a 48.66% stake....
Jiuding Capital reaches first close on latest RMB fund
China’s Jiuding Capital has reached a first close of RMB1 billion ($164 million) on its latest renminbi-denominated vehicle, which has a full target of up to RMB3 billion.
Japan's Polaris exits Nippon Oil Pump to Wendel
Japanese buyout firm Polaris Capital Group has agreed to exit its entire share in Nippon Oil Pump Group (NOP) - a maker of hydraulic pumps and motors - to French listed investment group Wendel.
CHAMP-owned Accolade to acquire NZ wine brands
Accolade Wines, a winemaker owned by Australia's CHAMP Private Equity, has agreed to acquire a portfolio of wine brands from New Zealand counterpart Mud House Wine Group.
Q&A: CVC Capital Partners' Sigit Prasetya
Sigit Prasetya, managing partner at CVC Capital Partners, on why recent volatility in Indonesia shouldn’t concern PE investors, negotiating auctions and lofty valuations, and working with Southeast Asia’s family groups
VC fundraising: Where angels flock
Venture capital fundraising has become difficult for all but the select few in Asia as LPs concentrate their resources on established names. Where will replacement investors come from?
Q&A: Lexington Partners' Brent Nicklas
Brent Nicklas, managing partner at Lexington Partners, on his expectations for private equity secondaries in a global market characterized by increased regulation, consolidation and ever larger LPs
Asia fundraising: Size matters?
While a select group of GPs are able to raise large funds at short order in Asia, the small and mid-cap space is hollowing out. It is in parts cyclical and a function of broader changes in the post-financial crisis LP base
Google launches incubation program in Hong Kong
Google has partnered with The Chinese University of Hong Kong (CUHK) to launch a one-year incubation program to help students and young entrepreneurs in Hong Kong build their own businesses.
Globis, Intel-backed V-Cube files for Tokyo IPO
V-Cube,a Japanese developer of web-conferencing and webinar systems backed by Intel Capital and Globis Capital Partners, has filed for its Tokyo IPO.
SMBC, NEC-backed VC fund backs US semiconductor firm
Innovative Venture Fund, an early stage investment fund set up by Japan's NEC Capital and SMBC Venture Capital, has a led a round of investment in SiTime Corp, a US-based semiconductor company. Additional participants in the round included Hercules Technology...
Globis backs online stock photo site Pixta
Globis Capital Partners has invested JPY70 million ($700,000) in Pixta, the Japanese company behind stock photo and online storage service site Pixtastock.com.
KKR targets $474m Bis Industries IPO – report
KKR is reportedly planning a December IPO for Australian mining logistics company Bis Industries, with marketing to institutional investors to begin this week.
Qunar shares nearly double on NASDAQ debut
Qunar, a Chinese-travel website majority-owned by internet search giant Baidu, saw its stock nearly double on the first day of trading on NASDAQ on Friday. It betters the 42% gain posted by VC-backed Chinese classifieds website 58.com a day earlier.