Regions
MSPEA abandons China auto parts privatization
Morgan Stanley Private Equity Asia (MSPEA) has abandoned its $172 million bid, launched nearly a year ago, to acquire NASDAQ-listed power steering components supplier China Automotive Systems.
Trending China: On technology, trade and millennials
A few China-related observations, largely influenced by AVCJ’s recent special issue on how PE is responding to technology, a white paper released by Henry McVey, KKR’s head of global macro and asset allocation, and Sino-US trade rumblings
Singapore's Qualgro reaches $60m first close on second fund
Qualgro, a Southeast Asia and Australasia-focused VC firm that spun out from Singapore asset manager Gordian Capital, has secured a first close of $60 million on its second fund.
Warburg Pincus seals secondary buyout of China's Leyou
Warburg Pincus has agreed to acquire a majority stake in Chinese maternity products supplier Leyou. The deal will facilitate exits for The Carlyle Group and CDIB Capital.
Los Angeles Fire & Police Pensions backs Baring Asia fund
Los Angeles Fire & Police Pensions (LAFPP) has committed $25 million to Baring Private Equity Asia’s seventh pan-regional fund. It invested the same amount in the firm’s previous two vehicles.
Singapore’s Tin Men targets $100m for debut fund
Tin Men Capital, a Southeast Asia-focused VC firm founded earlier this year, is targeting $100 million for its debut fund. The GP has committed $6.9 million to Overdrive IOT and Globaltix, marking its first two investments.
EQT invests in Chinese facilities management business
EQT has acquired a 40% stake in China Shine, a facilities management service provider. The investment comes from the private equity firm’s Asia middle market fund.
Advantage exits Japan's Fasford to Fuji
Advantage Partners has agreed to sell Japan-based Fasford Technology – a semiconductor components supplier it carved out from Hitachi three years ago – to Fuji Corporation.
Qiming, Sequoia-backed CooTek files for US IPO
CooTek, a Chinese company that also goes by the name of Chubao and is best-known for the TouchPal smart phone keyboard, is seeking to go public in the US.
Matrix raises $300m for third India fund
Matrix Partners has raised $300 million for its third India-focused venture capital fund, which will back companies in sectors including consumer and enterprise technology and financial technology.
Boulevard Capital invests $20m in Singapore's Stratech
Boulevard Capital Partners, a private equity investor focused on infrastructure including telecom towers, has agreed to invest $20 million in Singapore-listed surveillance technology specialist Stratech.
Rohatyn-backed Sansera files for India IPO
Indian automotive and aerospace parts manufacturer Sansera Engineering has filed for an IPO that will provide a partial exit for its private equity backer The Rohatyn Group (TRG).
Vietnam e-commerce player Sendo gets $51m Series B
Sen Do Technology (Sendo), a Vietnamese e-commerce company that operates a C2C platform and payment service, has secured $51 million in Series B funding led by Japan’s SBI Group.
Chinese karaoke equipment supplier gets $29m Series B
Thunder Stone Technology, a Chinese karaoke equipment producer, has received nearly RMB200 million ($29 million) in Series B funding led by China Minsheng Investment Group.
Chinese online drugstore operator targets US listing
Chinese online pharmacy operator 111 Inc, which counts ClearVue Partners, Verlinvest and BioVeda Capital among its investors, has filed for an IPO in the US.
Blackstone to invest $400m in Hong Kong-listed HEC Pharm
The Blackstone Group has agreed to invest $400 million in YiChang HEC Changjiang Pharmaceutical (HEC Pharm), a Chinese drug developer listed in Hong Kong, through a convertible bond issuance.
Y Combinator hires ex-Baidu COO to lead China business
Silicon Valley-based seed-stage accelerator Y Combinator (YC) has chosen Qi Lu, the former group president and COO of search giant Baidu, as the founding CEO of its China branch, YC China.
Golden Equator launches Brunei accelerator
Singapore’s Golden Equator has launched an accelerator in Brunei aimed at helping local small to medium-sized enterprises (SME) expand across Southeast Asia.
China-US computer vision start-up Clobotics gets $11m
Clobotics, a China and US-based computer vision start-up backed by a number of venture capital firms, has raised $11 million in Series A funding.
Japan's Line launches $10m token fund in Korea
Japan’s Line Corporation has set up a $10 million fund via a Korean subsidiary that will make token investments in early-stage blockchain start-ups.
Deal focus: BlackRock finds an entry into Taiwan solar
BlackRock Real Assets acquires a solar power portfolio from a Taiwan renewable energy specialist, marking a number of firsts for the firm
Indian e-commerce: Tipping the scales
India’s new e-commerce policy seeks to provide clarity for all industry participants, but many stakeholders are wary that the government plans to tilt the playing field against overseas players
GGV seeks $1.9b for new venture funds
Sino-US venture capital firm GGV Capital is targeting $1.88 billion for its latest fund, which like its previous fund is grouped into four separate vehicles.
Macquarie buys Asia solar platform
Green Investment Group (GIG), a global clean energy investment platform managed by Macquarie Capital, has acquired Conergy Asia & ME, a Singapore-based solar power developer owned by Goldman Sachs Asset Management and Tennenbaum Capital Partners.