Regions
VCs back $26m investment in Singapore blockchain player
Several venture capital firms have backed a $26 million investment in Funfair, a Singapore-based company that uses blockchain technology to operate an online cryptocurrency casino.
Chinese smart city platform receives $73m
China Everbright, IDG Capital and CITIC Private Equity have participated in a RMB500 million ($73.5 million) Series A round of funding for Terminus Technologies, which claims to be China’s largest city-level mobile internet platform.
India's PE-backed Khadim files for IPO
Indian footwear retailer Khadim India has filed for an IPO that will provide a full exit for its PE backer Fairwinds Private Equity.
Japan's Floadia closes $14m Series B
Floadia, a Japan-based company specializing in microchip memory technology, has closed a JPY1.6 billion ($14.1 million) Series B fund round from a number of Taiwanese, Japanese and US venture capital firms.
Cathay raises $320m for China-US-Europe VC fund
Middle-market private equity firm Cathay Capital Private Equity has closed its first venture capital fund at $320 million with a mandate spanning China, Europe, and North America.
China bike-sharing player Ofo gets $700m Series E round
Alibaba Group has led a $700 million Series E round of funding for Chinese bike-sharing start-up Ofo – less than a month after Tencent Holdings led a Series E of $600 million for Mobike, the company’s closest rival.
India's Droom raises $20m Series C
Indian used-car trading marketplace Droom has raised a $20 million Series C round from investors including Lightbox India Advisors and Beenos Asia.
US LPs & co-investment: Risk appetite
There are various practical reasons - concerning legal, oversight and human reasons - why US pension funds are not as aggressive as their Canadian peers in private equity. A change in mindset would also be helpful
French VC joins $13m round for Japanese biopharma player
France-based venture capital firm Seventure Partners has joined a $13.1 million funding round for Japanese biopharmaceuticals development company Anaeropharma Science.
KKR's credit unit offers $499m for Australia's Pepper
KKR Credit Advisors (KCA) has made a A$655 million ($499 million) offer for Australian mortgage lender and distressed debt servicer Pepper Group.
Liberty House beats Korean PE consortium to Arrium deal
A group led by UK-based industrials and metals group Liberty House has agreed to acquire distressed Australian mining giant Arrium, beating out a private equity-backed Korean consortium.
China, Russia plan $10.5b in OBOR investments
China and Russia have agreed to invest about $10.5 billion in two cross-border development funds as part of the One Belt One Road (OBOR) initiative.
Quadrant to exit Australia's Zip Industries via trade sale
Quadrant Private Equity has sold Zip Industries, an Australia-based manufacturer of drinking water appliances, to global water treatment specialist Culligan International for an undisclosed sum.
US pension funds & PE: Public service remit
US public pension funds are active investors in private equity, but their asset allocation policies are influenced by stakeholders’ input and limited internal resources, as well as the desire for returns
China B2B steel-trading platform raises $74m
Chinese B2B steel-trading platform Zhaogang.com has received RMB500 million ($74 million) from existing investors China Renaissance Private Equity Fund and West Fund, as well as the Russia-China Investment Fund (RCIF).
PE executives in government: Late to the party
With private equity executives playing an unprecedented role in the Trump administration, the advantages that PE can bring to government – and vice versa – has come into the spotlight
Carlyle-backed Tencent ebook unit files for Hong Kong IPO
China Literature, the ebook unit of China’s Tencent Holdings whose backers include The Carlyle Group and Trustbridge Partners, has filed for an IPO in Hong Kong.
VIG pays $127m for majority stake in Korean skincare player
VIG Partners has agreed to buy a 73% stake in Press & Converting, a Korea-based manufacturer of facial masks primarily used for skincare, in a deal worth KRW146 billion ($127 million).
Denham terminates $42m takeover of Australian miner
Denham Capital has withdrawn from a commitment to fully acquire Cradle Resources that had valued the Australia-listed mining company at A$55 million ($42 million).
General Atlantic names ex-HKMA executive as special advisor
General Atlantic has appointed Yong Hak Huh, founder and CEO of First Bridge Strategies and formerly CIO of private markets and direct investment at the Hong Kong Monetary Authority (HKMA), as a special advisor.
Q&A: BDA's Paul DiGiacomo
Paul DiGiacomo, a managing director with Asia-focused advisory firm BDA Partners, discusses the latest trends in M&A, from increasingly sophisticated Chinese buyers to more willing multinational sellers
China-US EV: Electric avenue
US cleantech start-ups have emerged as important suppliers in China’s fast-growing electric vehicle industry. Venture capital firms will play a key role in keeping the cross-border traffic flowing
GSR leads $13m round for Singapore's InstaRem
GSR Ventures has led a $13 million Series B funding round for Singapore-based financial technology start-up InstaRem.
China cross-border VC: Home from home
Chinese capital is chasing deals in America’s technology space, but success in Silicon Valley requires a long-term commitment. Does the new breed of US-born Chinese VCs have the right cross-border strategy?