Funds
Distressed bookseller REDgroup Retail urgently seeks buyer
Pacific Equity Partners’ REDgroup Retail, the owner bookstore chains Borders and Angus & Robertson now under administration, is “urgently” looking for a buyer in order to continue operations.
Chongqing approves Infinity Group for QFLP program
Israeli-China focused private equity firm Infinity Group has reportedly been approved by the Chongqing municipal government for the Qualified Foreign Limited Partner (QFLP) program, enabling the firm to convert foreign currency into yuan for onshore investments.
China's opportunity for RMB fund of funds
There is an opportunity for RMB-focused fund of funds in China says a panel of GPs and LPs at the AVCJ Private Equity & Venture Forum China. According to Judy Ye, Director and Head of EMAlternatives Asia says that the composition of RMB capital in China...
Vancl aims high for US IPO
VC-backed e-commerce retailer Vancl is the latest digital player in the PRC looking to strike it rich on an American bourse, targeting a $1 billion raise and the title of the biggest IPO by a Chinese internet company.
Tech-, clean energy-focused IPV closes second fund above target
Chinese venture firm IPV Capital has completed the close of its second technology- and cleantech-focused fund at $125 million, above its intended target.
Vivo Ventures names China head
Life science VC firm Vivo Ventures has promoted two professionals to the role of Managing Partners, including James Zhao, who will now head the firm’s China team in light of the promotion.
KKR, IFC invest in Indian SME lender
KKR and the International Finance Corporation (IFC) are reportedly set to acquire a 14.9% and a 12% stake, respectively, in Magma Fincorp, a Kolkata-based lender for trucks and farm equipment, via the issuance of new new shares. The transaction is valued...
TPG hires Goldman PE veteran as MD
TPG Capital has reportedly hired Steve Sun, Managing Director of Goldman Sachs, as a China Partner, global media reports.
Anafore gets first round of VC funding
Singapore-based Anafore Pte Ltd, the operator of a startup website focused on referral marketing, has secured its first round of funding from three venture investors: Singapore-based BAF Spectrum; Spring Seeds Capital, a subsidiary of startup investor...
Walden’s chief on making 11 exits in 15 months
Consistent concentration on core investment values is at the heart of their conspicuous success
History shows that PE is set to benefit from China’s spend
Fears that the value of the US dollar will continue its downward spiral have prompted central banks across Asia to look at alternative investment routes to hedge their exposure to assets related to the currency. For China, with approximately $3 trillion...
Private equity goes primetime in China
Stunning exits, robust investments and record fundraising is transforming China into private equity’s biggest opportunity
Rising pressures in Chinese private equity
IN THE PAST FEW YEARS, PRIVATE equity and venture capital firms have already established the industry as a credible source of financing for Chinese companies in need of capital. With the recent IPOs of Chinese entities, in particularly NASDAQ (that have...
Lone Star to takeover Tokyo Star Bank from Advantage Partners
Lone Star, the US private equity firm specializing in the distressed investments, will reportedly take ownership of Tokyo Star bank from Tokyo-based private equity firm Advantage Partners (AP) and once again become the bank’s largest shareholder, owning...
TA Associates opens Hong Kong office, led by Quadrangle’s Sippel
Two years after launching its first Asian office, in Mumbai, growth-focused private equity firm TA Associates a will open an Asian Pacific regional office in Hong Kong, led by newly appointed Managing Partner Edward Sippel.
ADB invests $60 million in cleantech funds
The Asian Development Bank (ADB) will launch three venture capital funds targeting investments into cleantech developments, committing $20 million apiece to Aloe Environment Fund III, Keytone Ventures II and VenturEast Life Fund III for total of $60 million.
Archer Capital to launch fifth fund this year
Australian private equity leader, Archer Capital, is reportedly planning to raise A$ 1.2 billion ($1.27 billion) for a new fund towards the end of this year, according to Reuters.
China Development Bank applies for stake in TPG
Government-owned China Development Bank (CDB) is reportedly seeking permission to purchase a stake in TPG Capital, coming one month after TPG sold a 4.5% stake to the Government of Singapore Investment Group (GIC) and the Kuwait Investment Authority (KIA).
Qiming closes Fund III at $450 Million
Qiming Venture Partners has announced that it has closed its Qiming Ventures Fund III vehicle at $450 million. The close will bring Qiming's assets under management exceed $1 billion dollars from its debut in 2006.
Quantum joins VCs in Shanghai ad firm
Shanghai-based online advertising firm MediaV announced that it has successfully raised another $50 million from venture capital investors in its third round of funding. The round was led by Soro-affiliated Quantum Strategic Partners and supported by...
Morgan Stanley launch RMB fund JV with Hangzhou
Morgan Stanley, one of the most successful investors in China, has entered the RMB funds market with its own vehicle. Called the Morgan Stanley (China) Private Equity Investment Management Company Limited, the vehicle will be a joint venture with Hangzhou...
CDH Venture co-founder takes step back following elopement announcement
Gongquan Wang, founding partner of CDH Venture Partners, the early stage arm of the China private equity giant, will reportedly take some time off from the fund following a brazen announcement that he would be “giving up everything” to elope with...
TPG and CNinsure’s CEO aim to take full control of the company
Leading private equity firm TPG will team up with Yinan Hu, CEO of Chinese insurance intermediary, CNinsure, to take over the Nasdaq-listed company. The partnership has made proposal to acquire the shares of CNinsure that TPG and Hu did not owns.
Singapore’s Silecs received 16 million from venture consortium
Silecs International Pte Ltd, a developer and manufacturer of advanced Siloxane polymers, has raised $16 million in Series E financing from an investment consortium led by Singapore-based EDB Investments Pte Ltd. Other investors in the group include European...