Regions
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.
VIDEO: Guernsey Finance's Dominic Wheatley
Investors are increasingly looking to run their activities through high quality rather than mass-market jurisdictions in response to stricter regulatory scrutiny, according to Dominic Wheatley, CEO of Guernsey Finance
Australia's Anacacia takes majority stake in LED business
Anacacia Capital has acquired a majority stake in Australian lighting business LEDified Lighting Corporation for an undisclosed sum.
Alibaba, Foxconn invest $236m in SoftBank robotics division
Alibaba Group and Foxconn Technology Group have agreed to invest JPY29 billion ($236 million) in SoftBank Robotics Holding Corp, which manages SoftBank's robotics business.
Japan to lead boom in Asia restructuring activity - survey
Corporate restructuring activity in Japan should lead to a broader rise in the number of distress opportunities in Asia, as a result of both regulatory change and added pressure from investors.
Dianping leads $30m round for China’s Farmlink
Farmlink, which operates a digital platform through which small and medium-sized restaurants in China can order food supplies, has received a $30 million in Series B funding led by listings and group-buying specialist Dianping.
CLSA closes third Asia real estate fund at $1b
CLSA Capital Partners has closed its third Asian real estate fund - Fudo Capital III - at the hard cap of $1 billion, exceeding its initial target of $850 million.
IFC invests $35m in Indian energy-focused NBFC
The International Finance Corporation (IFC) has committed $35 million to infrastructure finance firm PTC India Financial Services (PFS).
India's MyDentist raises $8m Series C round
Indian dental clinic chain MyDentist has raised a INR500 million ($8 million) funding round led by Swiss impact investor LGT Venture Philanthropy, with participation by existing backers Seedfund and Asian Healthcare Fund (AHF).
Legend Holdings targets $1.96b Hong Kong IPO
Legend Holdings, sponsor of China-focused GPs Hony Capital and Legend Capital, has set a pricing range for its Hong Kong IPO that would see the company raise as much as HK$15.2 billion ($1.96 billion).
PE consortium submits take-private bid for China's Qihoo
Chinese internet security software provider Qihoo 360 Technology has received a take-private offer from its chairman and CEO, plus CITIC Securities, China Renaissance Holdings and Sequoia Capital.
China financial player Jupai files for US IPO
Chinese wealth-management service provider Jupai, which is backed by an investment unit of online real estate agency E-House and Sina Corp, has filed for a US IPO.
IMAX, CMC Capital to launch China film fund
Movie theater operator IMAX Corporation and CMC Capital Partners will together launch a fund that will bankroll at least 10 Chinese-language movie productions.