Funds
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.
Kotak Mahindra now targets $500 million for property
Kotak Mahindra Group is reportedly in the process of raising a second multi-million-dollar fund – an up-to $500 million vehicle for real estate – coming weeks after it announced a smaller fund for infrastructure.
VIDEO: AVCAL's Katherine Woodthorpe
In light of ongoing changes to Australia’s shifting taxation landscape related to private equity and venture capital, Katherine Woodthorpe, CEO of AVCAL, updates AVCJ on the progress the industry is making in its dealings with the government, and the...
The Australian visionary
The Executive Chairman of CHAMP talks about why a focus on fees is short-sighted, why a return to traditional benchmarking is needed, and why the future of venture capital is bright
A Capital launches first outbound RMB fund
In the latest move by the Chinese government to promote the PRC’s burgeoning private equity sector, Hong Kong-based PE firm A Capital has partnered with the Beijing Municipal Bureau of Financial Work to launch an reminbi-denominated outbound PE fund.
VC-backed NetQin to IPO
PE-backed Chinese mobile technology firm NetQin mobile has submitted its filings to the New York Stock Exchange.
Sequoia discusses future of Indian investments
One month after Sequoia Capital India’s founders announced they would depart to launch WestBridge Public Fund later this year, the VC major’s MD told domestic media that Sequoia planned to remain a strong investor in the market, earmarking $600 million...
Alinta’s shareholders approve TPG consortium’s bid
The shareholders of distressed Australian power giant Alinta Energy have approved an acquisition offer by a TPG-led consortium to acquire the company and delist it from the ASX, despite many of these backers making a 90% loss on their original funding.
MIVCC sees both side of Oz VC
The Melbourne International Venture Capital Conference (MIVCC) held on March 8 as a joint venture between AVCJ and the Victoria government, brought together venture firms from across Australia, domestic LPs and government representatives to explore the...