Funds
India Infoline invests in real estate project
India Infoline (IIFL) has invested INR750 million ($13.9 million) in a real-estate development project in the state of Haryana through its IIFL Domestic Series 1 Fund.
J-Star exit sees 3x return on Olive des Olive exit
J-Star, a Japanese mid-market buyout firm, has exited Tokyo clothing brand Olive des Olive to wholesale company Takisada-Osaka, securing a return of more than 3x and an estimated IRR of 35-40%.
Creditor meeting brings closure to CVC's $1.4b Nine loss
Creditors of the ailing Australian TV network Nine Entertainment have unanimously approved the company's A$3.4 billion ($3.5 billion) recapitalization, bringing a formal end to CVC Capital Partners' six-year stewardship. The private equity firm has lost...
Korea Teachers to invest in Hamilton Lane, Paul Capital
Korea Teachers Pension Fund (KTPF) will invest $30 million each to Hamilton Lane and Paul Capital as it looks to increase its global exposure to 15% of its overall private equity portfolio by 2018.
Norwest invests $11m in India's Perfint Healthcare
Norwest Venture Partners has invested $11 million in Indian medical technology company Perfint Healthcare as part of a Series D round of funding. Norwest previously invested $7.2 million in the Chennai-based company in 2010.
Century Bridge hires ex-PwC assurance executive
Century Bridge Capital has appointed Michael Yan as a director, tasked with providing strategic guidance on asset management and growth strategies. He was previously a senior manager in PricewaterhouseCoopers’ (PwC) assurance division.
SingTel Innov8, Optus launch new funding round for Australian start-ups
SingTel Innov8 and Optus have launched a second round of funding for Australian start-ups under the companies’ Innov8 seed program.
Cerberus to raise $1.7b through Aozora Bank exit
Cerberus Capital Management is set to raise 146.1 billion ($1.7 billion) as it sells the bulk of its 58% stake in Japan's Aozora Bank following a nine-year holding period.
KKR boosts Asia business by offering outbound deal access
Building relationships and generating deal flow in Asia doesn’t necessarily involve starting in Asia, according to Joe Bae, regional head of KKR. The private equity firm has made inroads in Japan, South Korea and China by providing local partners with...
The debt deadline: Japans's SMEs at a crossroads
Japan’s Debt Moratorium Law, seen by some industry participants as an impediment to PE deal flow in the last three year, is set to expire at the end of March. Does this spell new opportunities for the industry?
India's BookAdSpace gets angel investment
BookAdSpace, an online platform for buying and selling physical advertising space, has received angel funding from Aakrit Vaish, the director of Flurry India, and Mitesh Sampat, the vice-president of product strategy at Quova.
Billabong receives takeover bid from Altamont, VF Corp
Altamont Capital Partners has teamed up with US apparel company VF Corp. to submit a rival takeover bid for Billabong International. The consortium is offering to pay A$1.10 per share in cash – or A$527 million ($555 million) – for the Australia surfwear...
CVC completes another Samsonite selldown
CVC Capital Partners has exited HK$1.45 billion ($187 million) worth of shares in Samsonite International as part of a HK$2.24 billion sell-down with fellow investor Royal Bank of Scotland (RBS).
DCM invests in Chinese game developer Cmune
DCM has provided an undisclosed amount in Series A funding to Cmune, a China-based developer of 3D social games. The company is best known for UberStrike, which claims to the most popular first-person-shooter game on Facebook with 1.4 million monthly...
Accel Partners leads Series C round for India's ScaleArc
Accel Partners has led a $12.3 million round of Series C funding in ScaleArc, a database infrastructure software company founded by Mumbai entrepreneur Varun Singh.
Catalyst acquires RBI Australia
Catalyst Investment Managers has acquired Reed Business Information Australia (RBIA) from parent company Reed Elsevier. RBIA, a local unit of the B2B publisher's Reed Business Information (RBI) division, owns titles including Money Management, Australian...
VIDEO: Ralph Jaeger of Siguler Guff
Pockets of growth in lower-tier cities continue to present the most enticing opportunities for emerging markets investors, says Ralph Jaeger, managing director and co-portfolio manager of Siguler Guff’s BRIC Opportunities Funds
Matrix Partners India invests in Mswipe
Matrix Partners India has led the first institutional round of funding in Mswipe Technologies, a mobile payment services provider based in Mumbai.
IFC backs Lighthouse's second India SME fund
Lighthouse Funds has won a commitment of up to $25 million from the International Finance Corporation (IFC) for its latest India-focused vehicle. The GP is targeting a corpus of $125 million for India 2020 Fund II, which will invest in small- and medium-sized...
Blackstone appoints ex-PwC executive as Singapore chairman
The Blackstone Group has named Gautam Banerjee as Singapore chairman and appointed him to its international advisory board. He was previously executive chairman of PricewaterhouseCoopers Singapore and also served as the accounting firm’s COO for China,...
Carlyle completes China Pacific exit, takes total sales value past $5b
The Carlyle Group has completed what is said to be its largest-ever cash exit globally, selling the last of its interest in China Pacific Insurance for $796 million. The private equity firm has accumulated more than $5 billion through a series of block...
Cerberus begins Aozora exit with $1.8b sell down
Cerberus is to sell the bulk of its 58% holding in Japan's Aozora Bank through a public market sale that could generate up to JPY158.1 billion ($1.8 billion). The US firm's stake would fall to 8%.
Chinese short-term rental sites secure $20m in VC backing
Xiaozhu.com and Mayi.con, two competing Chinese websites specializing in short-term room rentals, have each secured $10 million in VC funding.
ICICI, Apollo raise $500m distressed fund – report
ICICI Ventures and Apollo Global Management have reportedly raised $325 million to invest in distressed Indian companies. The joint fund, namely AION, will eventually increase its corpus to $500 million.