Regions
Welkin invests $17m in Chinese camellia oil brand
China-focused PE firm Welkin Capital has acquired a 15% stake in Hunan Guitaitai Camelia Oil Technology, a camellia oil specialty brand listed on the National Equities Exchange and Quotations (NEEQ), for RMB120 million ($17 million).
PE and funeral services: Untapped eternity
Increased urgency around demographic tailwinds in the funeral services space has coincided with a spate of investment activity in recent years. Private equity could be well positioned to play a leading role
India: Draining the PIPEs
PIPE deals remain a significant part of private equity in India, but a slowdown in recent years has prompted investors to evaluate strategies and the place for public market deals in private portfolios
India's Updater Services gets $15m from Motilal Oswal
Motilal Oswal Private Equity (MOPE) has invested INR1 billion ($15 million) in Indian facilities management company Updater Services.
Sequoia leads $10m round for India's Belong
Sequoia Capital India has led a $10 million Series B funding round for Bengaluru-based online recruitment platform provider Belong.
Comcast takes full ownership of Japan's USJ, PE firms to exit
Goldman Sachs, MBK Partners, Owl Creek Asset Management and PAG Asia Capital will fully exit Universal Studios Japan (USJ) after Comcast NBCUniversal agreed to buy the 49% of the company it doesn’t already own for JPY254.8 billion ($2.3 billion).
Taiwan’s Foxconn to buy stake in SoftBank investment unit
Taiwan-based Foxconn Technology Group has acquired a 54.5% stake in an investment subsidiary owned by SoftBank Group for $600 million.
HPEF strikes incentive deal with LPs over Asia fund
HPEF Capital Partners – formerly known as Headland Capital Partners – has won LP approval for an incentive scheme that ties in a reconstituted team to manage the existing portfolio, and the principals still hold expectations of raising a successor...
Formation Group closes debut US-Asia fund at $357m
Formation Group, a Silicon Valley and Asia-focused venture capital firm established by Brian Koo (pictured), co-founder of Formation 8, has closed its debut fund at $357 million.
IFM invests Australian fashion retailer
IFM Investors’ private equity arm has acquired a significant minority stake in Colette By Colette Hayman, an Australian retailer of handbags and fashion accessories.
China Lodging to acquire PE-backed Crystal Orange Hotel
China Lodging Group, a US-listed Chinese hotel chain, has agreed to buy Crystal Orange Hotel Holdings, a Chinese boutique operator backed by The Carlyle Group, for RMB3.65 billion ($530 million) in cash.
IL&FS, Lone Star form $550m India distress partnership
India’s Infrastructure Leasing & Financial Services (IL&FS) has launched a $550 million fund to invest in domestic distressed infrastructure assets with US-based GP Lone Star Funds.
Australia's Hostplus commits $65m to seed investor Artesian
Australian superannuation fund Hostplus has committed A$85 million ($65 million) to local seed investor Artesian, taking the venture capital firm’s funds under management to more than A$150 million.
IDFC exits India's Essar Power for $87.1m
IDFC Alternatives has fully exited its stake in Indian power plant operator Essar Power for INR5.8 billion ($87.1 million).
KKR invests in China’s Gambol Pet Group
KKR has invested in Gambol Pet Group, a China-based company that sells pet food products.
INCJ, First Eastern in partial exit from Japanese airline
Innovation Network Corporation of Japan (INCJ) and Hong Kong-based First Eastern Investment Group have agreed to sell a combined 28.3% holding in Japanese airline Peach Aviation for JPY30.4 billion ($271 million).
IDG, Sequoia form tourism fund with China CYTS Tours
IDG Capital and Sequoia Capital have formed an investment fund with China CYTS Tours Holdings, a Shanghai-listed travel agency, to invest in consumer-related companies that help improve the traditional tourism industry.
IFC considers $100m investment in Indian solar
The International Finance Corporation (IFC) has proposed a $100 million investment in Indian infrastructure-focused non-banking financial company (NBFC) L&T Infrastructure Finance (LTIF) to support solar energy projects in the country.
China bike-sharing start-up Bluegogo raises $58m
Chinese bike-sharing start-up Bluegogo has raised a RMB400 million ($58 million) funding round led by domestic GP Black Hole Capital.
US online lender SoFi raises $500m to expand in Australia
US online lender and financial services company SoFi has secured a $500 million Series F funding round led by Silver Lake for an expansion effort into Australia.
Ex-HarbourVest Asia head withdraws candidacy for US navy secretary
Philip Bilden, the former Asia head of HarbourVest Partners, has withdrawn himself from consideration to be US navy secretary, citing potential conflicts with his family’s business interests.
MBK to buy Korean gas business from Goldman consortium
MBK Partners has agreed to buy Daesung Industrial Gases from a Goldman Sachs-led consortium that has majority-owned the South Korean industrial gas manufacturer since July 2014.
Indonesia's Kejora reaches first close on second VC fund
Indonesian VC firm Kejora Ventures has reached a first close of nearly $25 million on its second fund and plans to expand into Thailand with the support of one of its LPs, the Chareon Pokphand family, which controls local conglomerate CP Group.
Bain makes partial exit from Australia's MYOB
Bain Capital Private Equity has made a partial exit from Australian accounting software developer MYOB, reducing its holding from 56.25% to approximately 39.1%.