Investments
Dutch pension funds invest $122m in Lemon Tree Hotels
Dutch pension fund manager APG has invested INR6.5 billion ($122 million) in Lemon Tree Hotels, India's largest chain of upscale hotels and resorts.
PE’s positive role in China
Private equity has a far reaching impact in China’s economic, social and environmental spheres, according to Bain & Company’s Michael Thorneman, Weiwen Han and Hao Zhou
India hospitals: Capital cure
Badly in need of consolidation and infrastructure investment, India’s hospital chains are an attractive target for private equity. But identifying suitable targets and getting them to scale up remains a challenge
Xander completes $40m buyout of Indian office site
Xander Real Estate Partners, the property-focused PE arm of global investment firm The Xander Group, has acquired a Grade A office park in Chennai for $40 million from Appaswamy Real Estates.
Qiming invests $15 million in TutorGroup
Qiming Venture Partners has invested $15 million in Chinese online language tutoring company TutorGroup. The capital will be used to expand the company's service delivery capacity throughout the country.
Advantage Partners has no plans for new fund – report
Advantage Partners told an investor meeting Wednesday that it has no immediate plans to launch a new fund even though the investment period for its existing vehicle is due to end in the summer.
Taiwan's GVT Fund leads Series E round in LED Engin
Taiwan-based GVT Fund, which is sponsored by Industrial Technology Investment Company, has led a Series E funding round in LED Engin, a California-based solid-state lighting company specializing in LED components and optics.
Tan-EU Capital acquires Chinese retail site
SOTAN China Real Estate I, the $400 million fund co-managed by Hong Kong-based real estate private equity firm Tan-EU Capital, has made its first China investment.
CDIB secures over 3x through WeMade exit
CDIB Capital, the overseas investment arm of China Development Financial Holding Corporation, has exited 80% of its investment in Korean online game developer WeMade Entertainment, realizing a money multiple in excess of 3x.
MBK, Affinity runs for Korea Woongjin Coway stake – report
MBK Partners and Affinity Equity Partners are among the potential bidders for a minority stake in Korean water purifier company Woongjin Coway.
Bamboo Finance backs Greenlight Planet in $4m round
Bamboo Finance has invested in Greenlight Planet, a manufacturer of solar-powered lanterns, in a $4 million funding round alongside existing investor P.K. Sinha, co-founder of ZS Associates.
PAG backs Haitong's $1.8b Hong Kong offering
PAG has become a cornerstone investor in the Shanghai-listed brokerage Haitong Securities' Hong Kong IPO, buying $300 million worth of shares as part of a potential $1.8 billion offering.
China's Chengwei, Tsing back US materials company
Polyera, a US-based supplier of functional materials for the electronics and opto-electronics industries, has secured $24.5 million in Series C funding from investors including Chengwei Capital and Tsing Capital.
Unitus Seed Fund backs Indian rural distribution start-up
Unitus Seed Fund, a US-based VC firm that targets social start-ups, has invested in Chennai-based Villgro Innovation Marketing (VIM) in a seed series of funding alongside a group of angel investors.
Carlyle, Sequoia in talks to invest up to $50m in JSM - report
The Carlyle Group and Sequoia Capital are in separate talks to invest $40-50 million in JSM Corp, which operates the Indian franchises of Hard Rock Café and California Pizza Kitchen.
Tencent backs Korean mobile messager Kakao
Tencent has teamed up Korean online games developer Wemade Entertainment to invest KRW92 billion ($80 million) in Kakoo Talk, a popular Korean mobile messaging application.
Pegasus Capital Advisors acquires Bangkok luxury resort
US-based private equity fund manager Pegasus Capital Advisors has agreed to buy the Bangkok-based luxury resort and spa business of Six Senses Resorts & Spas.
CBC leads Series C round for Chinese HR service provider
China Broadband Capital (CBC) has led a Series C funding round for CDP Group, a human capital management services provider in Greater China and Asia.
Navis proposes $88m buyout of Singapore-listed Adampak
Navis Capital Partners has completed a S$110.7 million ($87.9 million) buyout of Adampak, a Singapore-listed label company. The PE firm can take Adampark private once the offer is accepted by more than 90% of the company's shareholders.
Direct investment: Silent partners?
Limited partners are attracted by the low costs and potentially high returns of direct investment opportunities in Asia. Those with a finger on the market’s pulse are likely to prevail, provided they don’t get too greedy
India PE fund invests in bookadda.com
T.V. Mohandas Pai, the former Infosys director, and his partner Ranjan Pai have invested in Indian online book retailer bookadda.com through their $100 million private equity fund.
Advent International to invest $105m CARE Hospitals
Advent International will invest $105 million in multi-specialty hospital chain CARE Hospitals, representing its third investment in India.
Li Ka-Shing’s Horizons Ventures backs Everything.me
Hong Kong billionaire Li Ka-Shing’s Horizons Ventures, which is known for investments in Facebook and Spotify, has led a $3.5 million funding round in Everything.me, a mobile search provider.
PE firms wary of India’s proposed tax law changes
Foreign private equity investors remain concerned about perceived ambiguities in India’s proposed anti-avoidance legislation, which impacts the tax treatment of offshore structures used to channel capital into the country. The legislation forms part...