Region
IFC, Axon, Intel Capital commit $13.5m to India's NxtGen
IT infrastructure services provider NxtGen Technology has raised $13.5 million in Series B funding from International Finance Corporation (IFC), Axon Partners Group and Intel Capital.
Korean restaurant site MangoPlate raises $6.1m
South Korean restaurant discovery platform MangoPlate has raised $6.1 million from a group of corporate VC backers including Qualcomm Ventures, SoftBank Ventures Korea, and Yahoo Japan's YJ Capital.
PENM Partners reaches $120m first close on Vietnam fund
Vietnam-focused GP PENM Partners has reached a first close of $120 million on its fourth fund. The vehicle has a full target of approximately $180 million.
IDG backs take-private bid for China's KongZhong
IDG Capital Partners and the chairman and CEO of online game developer KongZhong Corporation have submitted a take-private bid for the company. It values the business at approximately $388 million.
Qiming promotes William Hu to managing partner
China VC firm Qiming Venture Partners has promoted healthcare specialist William Hu to managing partner with immediate effect.
TA invests in India's Atria, IVFA rolls over stake
TA Associates will join India Value Fund Advisors (IVFA) to buy about 95% of Indian broadband service provider Atria Convergence Technologies (ACT). IVFA's India Value Fund III, ACT's current majority shareholder, will exit most of its stake and roll...
VC-backed Housing.com fires controversial CEO
Rahul Yadav, the controversial CEO of VC-backed Indian property portal Housing.com, has been ousted from the company.
Q&A: Clearwater Capital Partners' Robert Petty
Robert Petty, managing partner and co-founder at Clearwater Capital Partners, explains why a strong credit and special situations investment strategy in Asia often involves going against the grain
US infrastructure: Mind the gap
The fact that the US needs to improve much of its public infrastructure is undisputed. But the fragmented nature of the market and politicization of deals still leave private investors frustrated
Late-stage tech: Hedging bets in India
Everyone is trying to get of the piece of tech story in India and US hedge funds are not different, but what will their entry into the early stage rounds mean for the broader venture capital industry
China tech: From Beijing to the Bay Area
Chinese technology companies are becoming more interested in backing US start-ups, with some groups even building local teams in Silicon Valley. What does this mean for the start-up community?
US LPs and Asian GPs: Survival of the fittest
With US LPs refocusing their Asia exposure – reducing the number of commitments if not the aggregate size – smaller funds may be feeling the pinch. But this could benefit the long-term health of the market
US-listed Chinese companies: Compliance costs
Chinese mobile game publisher iDreamSky Technology went public on NASDAQ in August 2014 after raising $116 million in its IPO. This windfall came with a price tag: the company paid $4.65 million in costs, most of it in accounting and legal expenses. A...
Bain to sell electronic connectors maker FCI Asia for $1.28b
Bain Capital has agreed to sell FCI Asia, which manufacturers connectors used in electronics, data storage and telecommunications, to US-headquartered industry peer Amphenol for $1.28 billion.
Canada's Ivanhoe, CBRE in Chinese warehouse play
Ivanhoé Cambridge, a real estate investment arm of Canada's pension fund the Caisse de dépôt et placement du Québec (CDPQ), has partnered with CBRE Global Investment Partners to invest in Logos China Logistics Clubs, a Chinese warehouse developer and...
Novartis buys VC-backed Australian drug developer Spinifex
Australian life sciences specialists Brandon Capital Partners and GBS Ventures will exit local drug developer Spinifex Pharmaceuticals after Novartis agreed to buy the business for $200 million in cash plus unspecified earn-outs.
Cathay Capital invests in French marine service provider SeaOwl
Cathay Capital Private Equity has invested in SeaOwl, a French-based marine management service provider.
NSI Ventures, F&H lead $8m round for Singapore's Chope
NSI Ventures, the VC unit of Northstar Group, and consumer and technology sector-focused investor F&H Fund Management have led an $8 million round for Singapore online restaurant platform Chope.
Carlyle growth fund to invest $115m in China's JIC Leasing
The Carlyle Group has agreed to commit $115 million from its growth fund to JIC Leasing, the equipment leasing subsidiary of China Jianyin Investment.
SAIF, Accel commit $10m to Indian services marketplace
SAIF Partners and Accel Partners have together invested $10 million in India services marketplace UrbanClap.
PAG joins $500m investment in Hong Kong's Kingston Financial
PAG Asia Capital's absolute returns business has joined a consortium that plans to invest HK$3.87 billion ($500 million) in Hong Kong-based investment firm Kingston Financial.
Warburg Pincus consortium re-ups in Vincom Retail
A consortium led by Warburg Pincus has made a follow-on investment of about $100 million in Vietnam shopping mall operator Vincom Retail.
Formation 8 to raise Asia VC fund
US venture capital firm Formation 8 is looking to raise a $400 million Asia fund to connect start-ups in the region with Silicon Valley.
PE investors set for exit as RBL Bank files for IPO
Indian private lender RBL Bank plans to raise up to INR11 billion ($173 million) through an IPO, providing a full exit for Beacon India Private Equity and a partial exit for Gaja Capital and Capvent.