Funds
Goldman Sachs to exit Japanese golf operator
Goldman Sachs is set to sell its remaining 44.7% stake in Japan’s largest golf course operator Accordia Golf, coming nearly five years after the American investment bank offloaded 55.3% of the company at the time of Accordia’s IPO.
Former HSBC PE Investment Director Victor Leung joins KPCB
Former HSBC Private Equity Asia executive Victor Leung has joined the Shanghai bureau of Silicon Valley VC firm Kleiner Perkins Caufield & Byers (KPCB) as Partner.
VC firms put $30 million into online shoe retailer
Letao.com, the venture-backed Chinese online shoe retailer, announced that the company has raised an additional RMB200 million ($30 million) in its third round of funding from three backers, including DT Capital Partners and Ceyuan Ventures, the latter...
Gobi Partners invests in the clouds
Tech-focused VC firm Gobi Partners and Singapore-based EDBI Investments have injected $6 million into cloud computing provider Cloudpic Singapore, with the capital slated to enable Cloudpic’s expansion across Asia.
IDG invests in two Chinese companies
IDG Capital Partners, a China-focused VC firm, announced just before Christmas that it made a new investment in ihaveu.com, a website established by the former VP for MSN China and founder of Taobao.com. The total capital raised in this first round of...
Taiwan's Development Financial Holding Corp. aims for Mainland VC fund
Taiwan’s Development Financial Holding Corp. has set its sights on a multi-million-reminbi-denominated venture capital fund, aiming to launch a Chinese vehicle once PRC regulations allow Taiwanese institutions to establish such funds in the Mainland....
MD of Carlyle's buyout team Ranjeev Gupta exits firm
Managing Director and Head of Carlyle India’s buyout team, Ranjeev Gupta has resigned from the firm after five and a half years.
No recovery for Japan's VC
Japan’s venture capital investment between April and October 2010 - pegged at JPY19.5 billion ($237.6 million) in total - showed no recovery from 2009, a year which saw JPY 87.5 billion ($1 billion) worth of investment.
Blackstone caps Shanghai Jinfeng interest in RMB fund
The Blackstone Group may raise not more than RMB 300 million ($45.3 million) from Shanghai Jinfeng Investment Co., Ltd. for its RMB denominated fund.
Japan's SMBC forms new PE fund
Sumitomo Mitsui Banking Corporation (SMBC), one of the largest financial groups in Japan, has announced that it will be establishing a private equity investment management company alongside its affiliates Sumitomo Corporation, and The Sumitomo Trust &...
Sequoia leads $30 million round in iYogi
Sequoia Capital India has led a $30 million round of funding into independent tech support firm iYogi, as part of a process that also included existing investors Canaan, SVB Capital Partners, SAP Ventures and Draper Fisher Jurvetson.
Patni Computer Systems nearing a PE takeover deal - reports
Two PE-led teams, iGate-Apax Partners and Carlyle-Advent International, are reportedly nearing the end of their race to acquire Patni Computer Systems, one of India’s largest IT services companies, according to local reports.
Morgan Stanley set to wind down its South Korean realty unit
Morgan Stanley is to close the doors of its South Korean real estate unit by the end of this year in an effort to bolster its focus on other Asian markets.
Greater China IPOs triple numbers in the US
Exchanges on the mainland and Hong Kong have together raised nearly $120 billion to date in 2010, while the US has raised just $42 billion, a disparity that showcases the shift from slower-growth, developed economies to high-growth, emerging markets....
Phoenix Capital sells Japan's juice maker to iSigma via TOB
Private equity shareholders of Gold-Pak. a Nagano-based beverage manufacturer, have approved a takeover bid by iSigma, a midsize-focused buyout firm wholly owned by Marubeni Corp.
AltoBeam gets $6 million in Series C round of venture funding
US Venture Partners (USVP) has led a $6 million Series C round of funding in AltoBeam, a Beijing-based media-transmission and semiconductor developer.
Australia's Quadrant closes $746 million buyout fund
Sydney-based Quadrant Private Equity is set to close an A$750 million ($746.3 million) buyout fund, Quadrant 6, with mid-market firms in the service sector among its expected targets.
VC-backed social networking giant Oak Pacific next in line for IPO
Oak Pacific Interactive is the latest VC-backed Chinese powerhouse with aspirations of a public listing in 2011, with reports suggesting that an IPO may be launched as early as the first quarter.
New Enterprise Associates plan IPOs for China's Redbaby, Uni-Power
Two Chinese companies backed by US-based venture capital firm New Enterprise Associates (NEA) – digital retailer Red Baby and financial consulting firm Uni-Power – are set to make their public-market debuts next year.
VC-backed Youku raises $203 million in IPO, trading at a high premium to opening price
The same week that China’s Dangdang.com was touted as one of the largest IPOs to come out of the New York Stock Exchange this year, the public debut of Youku.com achieved the same acclaim, raking in $203 million.
3i CEO Michael Queen talks infrastructure in India
Off the back of 3i Group’s announced $1.5 billion Indian infrastructure fund, CEO Michael Queen speaks candidly with AVCJ about the firm’s ramped-up allocation in India and why placing bets on infrastructure is the right move.
Blue Oak reaches first close on $100 million Xi'an China fund
Blue Oak Capital has both launched and concurrently conducted its first close of the Blue Oak China Venture Fund, an RMB-denominated fund with value equivalent to $100 million, floated in conjunction with the National Civil Aerospace Industrial Base (NCAIB),...
Sippel and team to leave Quadrangle
Following developments in the US around Quadrangle Group, which now has reportedly decided against raising a new fund in 2011, Ed Sippel, Managing Principal with the firm's Hong Kong office, has decided to leave the firm.
Headland becomes a test case for post-bank spinout PE funds
One of the most closely watched of the new wave of private equity team spinouts from major banks has completed with the announcement that the management team who led HSBC Private Equity Asia have now completed their separation from parent HSBC with the...