Regions
Hynix joins bid for Toshiba's memory chip unit as PE firms circle
South Korean memory chip manufacturer SK Hynix has joined a group that is bidding for Toshiba’s Nand flash memory business amid reports that Bain Capital has submitted an offer of $10 billion for the asset.
SoftBank achieves $93b first close on global tech fund
SoftBank Group Corp. has reached a first close of more than $93 billion on its global technology investment fund. A final close of $100 billion is expected within six months.
Jungle leads $5.3m Series A for India's PaySense
Jungle Ventures has led a $5.3 million Series A round for Indian online credit platform PaySense.
CPPIB's Asia PE portfolio grows 24% to reach $9.9b
Canada Pension Plan Investment Board (CPPIB) increased its exposure to Asian private equity by almost one quarter over the 12 months ended March 2017. The portfolio reached C$13.4 billion ($9.9 billion) as the pension plan made five direct investments...
Proterra invests $100m in Southeast Asia's FKS Food & Agri
Proterra Investment Partners has committed $100 million to FKS Food & Agri, the food and agriculture platform of Southeast Asia’s FKS Group.
SoftBank invests in India's Paytm
SoftBank Group has invested in One97 Communications, the parent company of Indian online payments and e-commerce platform Paytm.
Lightspeed China closes debut renminbi fund at $87m
Lightspeed China Partners has closed its first renminbi-denominated venture fund at RMB600 million ($87 million).
Prostar buys majority stake in Korean gas distributor
Energy-focused private equity firm Prostar Capital and its co-investor BlackRock have acquired Korean gas distributor Kyungnam Energy, facilitating an exit for local GP Anchor Equity Partners.
Arbor targets $220m for second VC fund, IFC set to invest
The International Finance Corporation (IFC) is considering an investment of $15 million in Hong Kong-based Arbor Ventures’ second VC fund, which has an initial target of $220 million.
Hellman & Friedman submits $2.1b offer for Australia's Fairfax
Hellman & Friedman has submitted a buyout offer for Australia’s Fairfax Media that values the business as high as A$2.9 billion ($2.1 billion).
Vietnam: Improving sentiment
With regional and global GPs showing greater interest in Vietnam, local managers have an additional exit option - and an opportunity to show that country funds can perform across multiple cycles
Japanese digital marketing player receives $28m
From Scratch, a Japanese digital marketing platform, has raised approximately JPY3.2 billion ($28.4 million) in funding from Innovation Network Corporation of Japan (INCJ) and Rakuten Ventures, as well as several existing investors.
GIC invests in India's Capital First, Warburg Pincus part exits
Warburg Pincus has sold a 25% stake in India-listed non-banking financial company (NBFC) Capital First to a group of buyers including Singapore sovereign wealth fund GIC Private.
China aerospace player launches $22b tech fund
China Aerospace Science & Technology Corporation (CASC) has launched a RMB150 billion ($22 billion) fund with a group of state-owned enterprises (SOEs) to invest in new technologies.
CDH-backed Zhenghai Bio-tech jumps on Shenzhen debut
Yantai Zhenghai Bio-tech, a Chinese biotechnology company backed by CDH Investments, saw its stock gain 44.03% on its first day of trading following a RMB234 million ($34 million) IPO in Shenzhen.
Venture: Vietnam plus
Vietnam’s start-up ecosystem is gaining prominence as the diaspora community taps local tech talent to create businesses targeting global markets. Expect deal flow to increase substantially in coming years
Ping An leads $75m round for YY's gaming subsidiary Huya
China Ping An Insurance has led a $75 million Series A round for Huya, the live game broadcasting subsidiary of Chinese social networking platform YY.
Q&A: VinaCapital's Andy Ho
Andy Ho, managing director and CIO of VinaCapital, discusses how the continued development of Vietnam’s economy has created a broader range of opportunities for private equity investors
VIG-owned Samyang targets up to $74m in Korea IPO
Samyang Optics, a Korea-based camera lens manufacturer owned by VIG Partners, is seeking to raise as much as KRW82.4 billion ($73.5 million) through a domestic IPO.
MBK secures partial exit from Korea's Coway
MBK Partners has sold part of its stake in Korean water purifier business Coway – having abandoned plans for a full exit last year – generating proceeds of approximately KRW370 billion ($330 million).
Cross-border e-commerce site Wish raises new round
Wish, a San Francisco-based cross-border e-commerce app backed by several Asian investors, has completed a Series F round led by Everbright-IDG Industrial Fund.
Yum China to acquire PE-backed delivery firm Daojia
Yum China Holdings, which operates KFC, Pizza Hut and Taco Bell in the country, has agreed to buy Daojia, a local online food-ordering platform backed by several private equity investors.
IFC proposes $75m investment in India’s Max Healthcare
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering an investment of up to $75 million in Indian hospital chain Max Healthcare.
Shaw Kwei seeks $800m for Asia fund
Shaw Kwei & Partners, a middle-market private equity firm that primarily focuses on the industrial, manufacturing and services sectors in Asia, is targeting $800 million for its fourth fund.