Funds
Applied Ventures, Allen & Buckeridge invest BT Imaging
VC investors Applied Ventures has joined in a $3.8 million Series A-2 investment round for Australian photovoltaic manufacturing quality control business BT Imaging, alongside existing investors Allen & Buckeridge and Uniseed.
Hopu may bid for Potash
Hopu Investment Management may be contemplating participation in a bid for Canada's Potash Corp, currently opposing a $39 billion hostile takeover bid from BHP Billiton, according to reports.
Adveq's Wong leaves in Beijing
Darren Wong, MD of the Beijing office of leading Swiss-headquartered fund-of-funds Adveq Management, has left the firm, with Nils Rode, MD and Co-Head of Adveq's overall investment management practice, assuming management of Adveq's Asian funds business....
Blackstone partners in Great Eagle's Dalian development
US private equity firm the Blackstone Group has agreed to support a housing development project launched by Great Eagle, the Hong Kong real estate development group, in Dalian in northern China.
TPG's first RMB fund targets RMB5 billion
US private equity giant TPG Capital has established its maiden RMB-denominated fund, TPG China Partners I, in agreement with the government of Pudong New Area in Shanghai Municipality, with a target size of RMB5 billion ($735.5 million).
NZ government boosts VC fund commitment
The New Zealand government has pledged an additional NZ$40 million ($28.3 million) to the New Zealand Venture Investment Fund, strengthening its commitment to the vehicle in which it has already invested NZ$160 million ($113.13 million).
China Mining United Fund seeks further capital
The China Mining United Fund, which operates an RMB-denominated fund to invest in mining-related businesses, is slated to raise RMB3-5 billion ($442-736 million) for gold, iron ore and other metals projects.
Kendall Court raises $150 million for new mezzanine fund
Kendall Court Partners has raised $150 million for a Southeast Asia-focused mezzanine fund, its second such fund, coming as sentiment toward mezzanine improves with the ending of the GFC.
Bain, Macquarie, Permira in frame for MBK's CNS
Bain Capital and the UK's Permira Advisers, as well as Macquarie Group, are among the final bidders selected by MBK Partners for its Taiwanese cable investee Cable Network Systems (CNS), which could fetch up to $2.5 billion, according to reports.
VC-backed REVA lists in Oz
Venture capital-backed REVA Medical, a San Diego-based innovative medical device company, has raised $63 million from its initial public offering on the Australian Stock Exchange.
Azure Capital to raise $107 million for real estate fund
Azure Capital Advisors is reportedly hunting for INR500 crore ($107.1 million) for its India Realty Fund-1 focused on INR35-40 crore ($7.5-8.5 million) size investments into urban real estate projects in Southern and Western India.
ANZ diligencing KEB for $3.8 billion stake
After a long-running, stop-and-go series of reports on its participation in bidding for Lone Star Funds' stake in Korea Exchange Bank (KEB), Australia and New Zealand Banking Group (ANZ) has confirmed that it is doing due diligence on an up to 57.27%...
AMP launches infrastructure-focused operations in New York
Following news earlier this month that Australian-based AMP Capital Investors would expand its investment focus to include infrastructure, with the launch of a global fund, the group announced that it will bolster its overseas operations through the launch...
Credit Suisse's Achuthan to launch India-focused PE firm
A Credit Suisse Asset Management former Director at the bank's alternative investments unit, Hari Achuthan, has reportedly departed the bank in order to set up a private equity company with aspirations to be the largest India-focused firm in the market....
GSR Ventures hires Singapore's Ong as venture partner
Beijing-based venture capital firm GSR Ventures has hired Peng T. Ong, a Singaporean serial entrepreneur and tech investor, as a partner based in Beijing.
MakeMyTrip IPO sees strong result for VCs
VC-invested Indian travel company MakeMyTrip saw a 92% share hike on its first trading day on the NYSE, with stocks rising up to $26.81 from the $14 offer price in the best US IPO debut performance since late 2007.
TPG said to be supporting Alinta restructuring
TPG Capital has been in discussions with Alinta Energy, one of Australia's leading power generation groups, for its debt investment arm to support a restructuring of the business as it explores options, including asset sales, to pay off some A$2.7 billion...
China Kanghui sees NYSE IPO rise
VC-backed PRC orthopedic implants manufacturer China Kanghui Holdings saw its shares rise some 3.8% from $10.25 to $10.64 on its NYSE debut, the middle of its planned pricing range, raising some $68.4 million.
Inno Group refocuses Indian investments into in-house projects
Real estate and infrastructure-focused private equity firm Inno Group has shifted its investment strategy in India away from third-party investment in favor of its own development projects in the market in an effort to corral its risks.
New York Pacific Capital to raise RMB1 billion fund
US merchant banking player New York Pacific Capital is to raise an RMB1 billion ($147.6 million) private equity fund based out of Beijing, focused on investments into high-growth PRC companies across the healthcare, clean tech, education, culture and...
Intel, JPM investee Trony pulls IPO
Trony Solar Holdings, a Shenzhen-headquartered thin-film solar power module manufacturer invested by Intel Capital and JPMorgan Special Situations, has withdrawn its planned NYSE IPO.
Indian Angel Network to launch incubation center
India’s largest group of angel investors, Indian Angel Network Services, is set to launch an incubation center to assist an estimated 30 start-up ventures in its first year – a sizeable endeavor as the consortium has signed just 16 deals over the past...
Canaan invests e-shopping with Naaptol
VC firm Canaan Partners has invested some INR40 crore ($8.67 million) in India e-shopping site Naaptol.com, which claims to be the country's largest online shopping platform, for a 25% stake.
China's Keytone Ventures seeks $300 million for second fund
Joe Zhou's much-watched VC firm Keytone Ventures is reportedly looking to raise $300 million for its second fund, coming one year after it raised $200 million for its debut fund.