Regions
Former Japan Exchange head joins KKR as chairman
KKR has named Atsushi Saito, former head of the Tokyo Stock Exchange (TSE) and the Japan Exchange Group (JPX), as the non-executive chairman of KKR Japan.
Innovation Works backs China cycling tracking device
Innovation Works has led a RMB50 million ($8 million) Series A round of funding for Beast Bikes, a Chinese start-up that has developed a cycling tracking device.
Sequoia leads $3.25m round for Malaysia's KFit
Malaysian online fitness platform KFit has raised $3.25 million in a funding round led by Sequoia Capital.
PE investors must think more deeply about value-add - AVCJ Forum
PE and VC firms should think more carefully about how they can add value to portfolio companies, using their board representation as a tool for constructive guidance as much as oversight, industry participants told the AVCJ Singapore Forum.
Chinese app testing platform Testin raises $54.9m
Testin, a Chinese mobile apps testing platform, has raised $54.9 million in its latest round of funding led by Haiyin Capital, followed by IDG Capital Partners and Banyan Capital.
CDB invests $242m in VC-backed eHi Car Services
China Development Bank (CDB) has agreed to provide RMB1.5 billion ($242 million) to eHi Car Services, China’s second-largest automotive rental services provider, which is backed by several VC investors.
Tiger Global leads Series A for India online hotel booker
Tiger Global Management has led an undisclosed Series A round for Zostel Hospitality, the Indian start-up behind online budget hotel booking platform Zo Rooms. Orios Venture Partners also took part in the round.
Japanese tech entrepreneurs form Tokyo Founders Fund
A group of Japanese tech entrepreneurs have formed a new start-up-focused fund called Tokyo Founders Fund, styled after Silicon Valley’s own Founders Fund.
KKR supports Philippines social enterprise project
KKR has completed its second social enterprise assistance project alongside Impact Investment Exchange Asia (IIX) and its non-profit sister organization Shujog, providing support to Glovax Biotech, which sells affordable vaccines to low to middle income...
Australia's PEP to sell Energy Developments for $1.4b
Pacific Equity Partners (PEP) has agreed to sell Energy Developments, an Australia-based provider of distributed power to the mining industry, to utilities business Duet Group for an enterprise valuation of A$1.92 billion ($1.4 billion).
India's IVFA commits $30m to restaurant chain operator
India Value Fund Advisors (IVFA) will invest $30 million in India's DeGustibus Hospitality, the owner and operator of several popular restaurant brands.
GLP forms $7b China logistics fund
Singapore-listed warehouse operator Global Logistic Properties (GLP) has launched a $7 billion fund for developing logistics facilities in China.
VCs commit $18m to Chinese students' e-commerce platform
Imcoming.cn, a Chinese mobile e-commerce platform aimed at students, has completed a RMB110 ($18 million) Series A round of funding led by Greenwoods Investment and Sharing Capital.
Australia's tech founder launches $37m VC fund
Victor Jiang, the founder of Australian professional services platform Skillsapien, is seeking to raise A$50 million ($37 million) for his new Sapien Ventures fund.
Hong Kong introduces tax exemption for private equity
The Hong Kong government has extended the profits tax exemption for offshore funds – from which the hedge fund industry already benefits – to include private equity.
GPs see potential in SE Asia mid-market buyouts - AVCJ Forum
Southeast Asia will see more mid-market buyout opportunities, industry participants told the AVCJ Singapore Forum, although the onus remains on GPs to forge partnerships with entrepreneurs.
SoftBank leads $20m Series B round for US ad analytics start-up
Japan's SoftBank Corp. has led a $20m Series B round of funding for US-based ad analytics start-up Cinarra Systems.
Snow Leopard invests $1.6m in India's QuikWallet
LivQuik, the Mumbai-based developer of mobile payment app QuikWallet, has raised $1.6 million from existing backer Snow Leopard Technology Ventures.
Greenwoods leads $32m round for Chinese internet finance site Rongzi
Greenwoods Investment has led a RMB200 million ($32 million) Series A round of funding for Rongzi.com, a Chinese internet finance platform, with participation from New Access Capital.
Singapore's GIC buys 35% stake in Brazil shopping mall
Singapore sovereign wealth fund GIC Private has acquired a 35% stake in Brazil's Via Parque Shopping, a mall in Rio de Janeiro, for $41.89 million from developer Aliansce Shopping Centers.
TPG, Affinity-owned UTAC files for $350m US IPO
UTAC Holdings, the Singapore-based precision engineering firm owned by TPG Capital and Affinity Equity Partners, is looking to raise as much as $350 million in its US IPO.
Alibaba launches $161m fund to support mobile app-makers
Alibaba Group has established a RMB1 billion ($161 million) venture capital fund to support third-party mobile app developers.
India's PE-backed Mindtree to buy US, UK-based IT firms
Indian IT services firm Mindtree, which is backed by Nalanda Capital and Global Technology Ventures Limited, will buy US-based Relational Solutions and UK-based Bluefin for a total of $76 million.
Sequoia-backed NewsHunt acquires Indian e-commerce portal
Ver Se Innovation, the owner of Indian news aggregation app NewsHunt, has acquired Rocket Science Innovation, parent of online price comparison and recommendation platform BuyT for an undisclosed amount.