Region
Portfolio: Advantage Partners and Riraku
By undercutting its competition, massage salon Riraku was able access a broader segment of the domestic market. But achieving growth on a national scale required support from Advantage Partners
Deal focus: Qiming sees Tuhu as agent of disruption
When it comes to using technology to disrupt China’s auto industry, private equity and venture capital funding appears to have targeted almost every corner of the space.
Fund focus: InnoSpring builds cross-border bridges
San Francisco's Artisan State faced the classic start-up dilemma: a great idea with no way to make it happen. The firm knew there was demand for professional-quality photo books at affordable prices, but it didn’t have the facilities to produce them....
Fund focus: Shoreline rides the China credit cycle
Ben Fanger, co-founder and managing director at China distress specialist Shoreline Capital, divides credit cycles into four phases: a credit boom or misallocated lending; decelerating growth or credit tightening; the recognition that someone has to take...
Renminbi secondaries: An underpenetrated market
Plenty of Chinese high net worth individuals want to sell LP interests in renminbi funds. Local and foreign secondaries managers would like to take advantage, but they are held back by an immature market
Onshore IPOs and China VIEs: Replacement capital?
With Chinese entrepreneurs considering domestic IPOs, foreign VCs face the prospect of having to sell off investments in restricted industries. But the trend can only be sustained as long as valuations remain high
Blue Sky reaches $11.5m first close on Australia VC fund
Australia-based alternatives investor Blue Sky has reached a first close of A$15 million ($11.5 million) on its second venture capital fund. The vehicle has a full target of A$30 million.
Carlyle commits $500m to South Asia energy platform
The Carlyle Group has committed $500 million to an upstream oil and gas start-up that will primarily focus on development and production opportunities in the Indian subcontinent.
KKR commits $70m to China education player Tarena
KKR has invested $70 million in Tarena International, a provider of professional education and training in China, forming a new partnership with a PE backer as existing investors trim their holdings.
Australia's Crescent to buy Healthscope pathology business
Crescent Capital Partners has agreed to acquire the Australian pathology operations of Healthscope for A$105 million ($80.8 million).
Legend-owned third-party payment platform raises $242m
Lakala, a Chinese offline third-party payment service provider owned by Legend Holdings, has raised RMB1.45 billion ($242 million) in its latest financing round, giving the company a valuation of more than RMB10 billion.
Singapore's Temasek, CVC agree $2b deal for US generic drug firm
Singapore's Temasek Holdings is a member of a CVC Capital Partners-led consortium that has agreed to buy a controlling stake in US-based generic drug manufacturer Alvogen. The deal is said to value the company at $2 billion.
PE-backed Wenzhou Kangning Hospital files for HK IPO
Wenzhou Kangning Hospital, the largest private psychiatric specialty care service provider in China backed by PE investors, has filed for an IPO in Hong Kong.
Apollo exits 4.4% stake in India's Dish TV
Apollo Global Management has exited a 4.4% stake in India-based direct-to-home (DTH) service provider Dish TV, selling about INR4.86 billion ($76.6 million) worth of shares via the open market.
Google, Lightspeed-backed InnoLight files for US IPO
InnoLight Technology, a manufacturer of components used in cloud computing and Google Capital’s first China-based portfolio company, has filed for an IPO in the US.
Arizona PSPRS commits $90m to StepStone Asia fund
Arizona Public Safety Personnel Retirement System (Arizona PSPRS) has agreed to commit up to $90 million to a StepStone AZ China and Asia Opportunity Fund.
India's Aavishkaar reaches $45m first close on $75m fund
India-based impact investor Aavishkaar has reached a $45 million first close on its South and Southeast Asia-focused fund, which has a full target of $75 million.
Shenzhen Fortune invests $48m in Focus Media
Fortune Capital has invested RMB300 million ($48 million) in Focus Media, a PE-backed Chinese outdoor advertising firm on course for a $7.37 billion backdoor listing in Shenzhen.
FTIL cancels IEX sale, agrees new terms
Financial Technologies India (FTIL) has agreed to sell a 16.6% stake in India Energy Exchange (IEX) to a consortium of investors for INR3.57 billion, cancelling an earlier arrangement to sell its entire stake in a deal led by TVS Capital Funds.
China regulator allows 100% foreign ownership in e-commerce
China's Ministry of Industry and Information Technology (MIIT) has permitted foreign investors to fully own and operate e-commerce companies operating within the country.
Mitsubishi UFJ to buy UBS' alternative fund services unit
MUFG Investor Services, the asset servicing group of Mitsubishi UFJ Financial Group, will buy UBS Global Asset Management's Alternative Fund Services (AFS) business.
India's Hansa Customer Equity gets $4.7m round
Indian GP ASK Pravi has invested INR300 million ($4.7 million) in Hansa Customer Equity (Hansa Cequity), a Mumbai-based company that provides consulting services covering marketing, customer strategy, data management, and customer relationship management...
Faering leads $11m Series C for FundsIndia
Faering Capital has led a INR700 million ($11 million) Series C round for Wealth India Financial Services, the parent company of online financial services platform FundsIndia.
NSSF joins funding round for Alibaba's Ant Financial
The National Council for Social Security Fund (NSSF) has participated in a funding round for Alibaba Group’s internet finance affiliate – Ant Financial Services – that is said to value the business at more than $40 billion.