Funds
Blackstone reports first close for its RMB fund
The Blackstone Group has recorded a first close its maiden RMB fund named the Shanghai Blackstone Equity Investment Partnership. In a press release, Blackstone has confirmed that the fund, which has set target size of RMB 5 billion ($765 million), has...
NTT and AP-backed 1st Holdings support Cloud computing techs
NTT Investment Partners, an investment arm of Japanese telecom company NTT Group, will invest JPY113 million ($1.35 million) into Midokura, a cloud-specialized software company. Also in the deal are listed data centre Bit-isle, and 1st Holding, a list...
Cyberagent and Globis make additional investment in Japanese web start-up
Kayac Inc, an Internet start-up company has attracted investments from three firms – online advertising agency and venture capital fund operator CyberAgent, venture capital firm Globis Capital Partners and online clothing store operator Start Today.
KKR's Yageo offer reflects Taiwan's strength
KKR Asia, with company Chairman Pierre Chen, has offered $1.6 billion for Taiwanese electronic components manufacturer Yageo Corporation in a show of force that gives gravitas to a market that has largely lost its luster to regional private equity managers....
Lashou gets VC dollars as PRC group-buying sector heats up
Chinese group-purchasing website Lashou.com has received $110 million in a Series C financing round led by Milestone Capital, and included participation from Richemont’s affiliates Reinet Fund SCA FIS, Remgro Limited and previous investors GSR Ventures,...
Singapore venture firms support JustCommodity
Singaporean commodity trading software solutions specialist JustCommodity Software Solutions Pte Ltd. has received an S$5.6 million ($4.5 million) investment from a consortium led by Extream Ventures Pte Ltd, a VC firm also based in the city state that...
Eight Capital to launch $250m mezzanine fund in India
US-based global asset manager Eight Capital is set to launch its India-focused Mezzanine Income Fund, setting a $250 million target size that is expected to generate IRR of 20%.
Venture-backed Easou receives further VC funds
Easou, a Chinese mobile search service provider, has reportedly raised $20.48 million worth of financing from a venture capital investment group that includes Softbank China Venture Capital and Shanda Capital, the venture arm of Nasdaq-listed online media...
IDG-Accel raise $1.3 billion
IDG-Accel has announced that it has raised $1.3 billion.
ICICI Venture and Gaja Capital invest in TeamLease
ICICI Venture will join existing investor, Gaja Capital Partners, in injecting Rs. 100 Crore into TeamLease Services, a Bangalore-based composite staffing and education company.
Investors give to Bubble Motion
Mobile communications firm Bubble Motion has received a $10 million Series B financing tranche led by SingTel Group’s VC fund Innov8. Existing investors Sequoia Capital, Palomar Ventures and NGC also participated in the raise, as well as new, Singapore-based...
HNA Group, H&Q to launch PE funds
A division of PRC airline firm HNA Group, Shanghai Grand China Investment Management Company Limited, has linked with PE firm H&Q Asia Pacific to co-manage RMB5 billion ($762.7 million) in private equity vehicles, targeting logistics and consumer-related...
India's VIA to take flight on $100 million fund raising
Bangalore-based travel services provider VIA moves even faster than its clientele, it would appear. Founded in 2006, the company boasts annual revenues of $500 million, and growth in the 60% p.a. range. And it has just announced it will raise up to $100...
VC-backed gaming developers merge
Chinese gaming developer UltiZen Games - which has received funding from Jafco Asia, Hotung Investment Holdings Ltd. and Tokio Marine Investment Services – has acquired Japanese developer Red Entertainment for an undisclosed price.
US firm launches Australasia-focused real estate fund
LA-based Jumpstart Capital Partners is to launch a PE real-estate focused unit that will initially target distressed and undervalued property-related investments in Australia and New Zealand.
3i takes stake in Indian energy firm
3i has invested $45 million for a minority stake in Ind-Barath Energy Limited (Utkal), from its $1.2 billion 3i India Infrastructure Fund.
VisionChina goes after VC firms in US courts
In February, the former shareholders of Digital Media Group (DMG) (Shareholder Representative Services, Oak Investment Partners XII, Gobi Partners, Inc., Gobi Fund, Inc., and Gobi Fund II, L.P.) filed a counter suit against VisionChina Media, one of China’s...
Lone Star exits realty portfolio to Mitsubishi Estate
US private equity firm Lone Star has exited an office building and other properties in the Akasaka area in Tokyo to Mitsubishi Estate Co, one of the leading real estate companies in Japan owned by conglomerate Mitsubishi Group. The deal is worth around...
China Mining United Fund aims for 2012 IPO
The China Mining United Fund (CMU Fund), a PE fund focused on mining-related investments, is reportedly planning make its public debut in Hong Kong and on a mainland bourse next year.
Control stake in Comviva up for grabs
Indian Conglomerate Bharti Enterprises is reportedly looking to offload its majority stake in Comviva Technologies, a mobile software and application developer that also counts Sequoia Capital as a backer.
PE-led consortiums bid for Shanghai Motel - reports
At least three private equity-linked groups have reportedly entered a bidding war to take control of Morgan Stanley-owned Shanghai Motel Management, Reuters reported, which could fetch $1 billion.
Kai-Fu Lee's projects get round of funding
Former Google China President Kai-Fu Lee’s incubation firm Innovation Works has received several million dollars worth of first round financing for its Tapas from GSR Ventures projects.
CVCI to privatize SGX-listed firm
Citigroup Venture Capital International’s (CVCI) asset Decorative Arts Holdings has taken Singapore-listed Passion Holdings Ltd. private, for a 23.8% premium on Passion’s last trading price of S$.21.
Nomura targets Indian infrastructure
In the latest news of a Japanese giant targeting Indian opportunities, Nomura Securities is reportedly set to raise a $500 million fund for infrastructure investments in India, raised by Japanese investors.