Region
CDH closes China mid-market fund at $800m hard cap
CDH Investments has closed its China mid-market fund at the hard cap of $800 million, beating the target of $600 million. The vehicle will allow the GP to pursue opportunities that fall below the minimum check size for its flagship private equity fund....
China cross-border e-commerce player gets $58m Series C
Shenzhen Youkeshu Technology, a Chinese B2B services provider that targets at cross-border e-commerce platforms, has completed a RMB400 million ($56 million) Series C round of funding led by Founder H Fund and CITIC Goldstone Investment.
Australia's Atlassian to buy VC-backed Trello
Atlassian, an enterprise software company founded in Sydney and now listed on NASDAQ, has acquired Trello, a VC-backed US start-up that develops software intended to facilitate collaboration and teamwork.
Tiantu leads $36m round for China comic site
China consumer-focused GP Tiantu Capital has led a RMB250 million ($36 million) Series C round of funding for Kuaikan Comic, a mobile app designed for reading comic books.
Singapore business school INSEAD launches seed fund
INSEADAlum Ventures (IAV), the Singapore-based VC arm of international business school operator INSEAD, has launched a seed fund dedicated to its alumni and faculty networks across Europe and Asia.
Indian logistics player raises $13m Series B round
Mumbai-based logistics services company Leap India has secured about $13 million in a Series B funding round led by new investors IndiaNivesh Growth Fund, Sixth Sense and TCI Ventures.
C-Bridge buys control of China's Anrei Medical
Healthcare-focused PE firm C-Bridge Capital has acquired a controlling stake in Anrei Medical Device, a China-based invasive medical devices manufacturer, for $25 million.
CITIC Capital, Carlyle join $2.1b deal for McDonald's China
The Hong Kong-listed arm of Chinese conglomerate CITIC Group, CITIC Capital and The Carlyle Group will take majority ownership of the McDonald’s business in mainland China and Hong Kong as the US fast food chain seeks to franchise out most of its restaurants...
IDG sees 15 start-ups achieve unicorn status in 2016
Fifteen start-ups backed by IDG Capital Partners achieved valuations of $1 billion or more in 2016, taking the total number of unicorns in the China-focused VC firm’s portfolio to 26 over the past 12 years.
Riverside, Silverfern buy Australia's Waste Services Group
The Riverside Company and The Silverfern Group, a US-headquartered middle market investment manager that represents a set of family offices, have acquired Australia’s Waste Services Group for an undisclosed sum.
Korea Teachers' Pension appoints new CIO
Korea Teachers’ Pension has appointed David Park, formerly CIO of Allianz Life Insurance Korea, as its new chief investment officer. His two-year term began on January 2.
Australia's Future Fund backs US data protection start-up
Australia’s Future Fund has participated in a $45 million Series C round of funding for US-based data protection company Bitglass, joining existing investors such as Singapore’s Singtel Innov8.
China auto financing platform Chedai gets $52m Series B
Chinese automotive financing platform Chedai.com has raised a RMB360 million ($52 million) Series B round of funding led by domestic PE fund managers You Jin Capital and Addor Capital.
CDH leads $363m round for Chinese parcel service operator
CDH Investments has led a RMB2.5 billion ($363 million) Series A round of funding for China-based Hive Box, a self-service package drop-off and pick-up operator.
Samsung launches $150m global VC fund
Korean tech giant Samsung Electronics has launched a $150 million global venture capital fund via its US-based incubation and acceleration unit.
SOS Ventures closes third global VC fund at $150m
Early-stage investor SOS Ventures – known for accelerator programs such as China-based HAX and Chinaccelerator – has closed its third global VC fund at $150 million.
China's Frontier Biotechnologies gets $43m round
Frontier Biotech, a China-based pharmaceutical company that works on HIV treatments, has received RMB300 million ($43 million) in Series C funding, led by Huaxin Century Investment Group.
Tencent forms alliance with Thailand's VC-backed Ookbee
Chinese internet giant Tencent Holdings has teamed up with Thailand-based Ookbee, a VC-backed digital magazine platform, to pursue growth opportunities in Southeast Asia’s online media space.
INCJ, Khazanah back SE Asian telecom spin-out
Patient Japanese capital and state-backed Malaysian funding underpin a partial spin-out of Southeast Asia telecom towers business Edotco from Axiata
KKR, CDH to exit China Modern Dairy for a second time
KKR and CDH Investments have agreed to sell HK$1.87 billion ($241.5 million) worth of shares in China Modern Dairy – which will see them fully exit a position they received when selling part of a greenfield cattle farming joint venture to Modern Dairy...
PE-backed New Century Healthcare targets $129m HK IPO
New Century Healthcare, a Chinese pediatric hospital operator backed by CDH Investments and Boyu Capital, is planning to raise HK$1 billion ($129 million) via a Hong Kong IPO.
Hillhouse to help SaaS player Magento with Asia expansion
China-based Hillhouse Capital will invest $250 million in Magento Commerce, which provides transaction-processing software to e-commerce players, and help the company expand in Asia.
Strategics help One Inc hit the accelerator
Insurance giants Axa and Mass Mutual are backing H&Q Asia Pacific portfolio company One Inc to ride the wave of modernization - and technology adoption - expected in China's insurance industry
China-US: Outbound angst
Controls on capital outflows imposed by Beijing and concerns about a more aggressive trade policy out of Washington mean Chinese investment in the US is unlikely to match 2016's highs, but this is not necessarily bad for Chinese PE investors