Regions
PAG targets $3b for second Asia fund
PAG Asia Capital has launched its second pan-regional fund and is looking to raise $3 billion. The GP, which is led by Weijian Shan, formerly of TPG Capital, closed its maiden fund at $2.5 billion in 2012.
Taiwan's JHL Biotech raises $45m in Series C round
Taiwan-based biopharmaceutical company JHL Biotech has raised a $45 million Series C round, led by an unnamed investor. Existing backer Milestone Capital also participated, along with newcomers Sungent BioVenture and Liwick Investment Management.
China’s Yunfeng, Wanda back sports entertainment business
Yunfeng Capital and conglomerate Dalian Wanda Group have led a Series A round of funding worth RMB800 million ($129 million) for LeTV Sports, a Chinese sports channel.
CEO of India's Housing.com transfers all his shares to staff
Rahul Yadav, the controversial CEO of VC-backed Indian property listing platform Housing.com, has said he will transfer all his shares in the company to its employees.
Neuberger Berman names ex-HKMA executive as head of Asia PE
Kent Chen, a former manager at the Hong Kong Monetary Authority (HKMA), has been appointed managing director at Neuberger Berman and head of the firm's Asia Pacific private equity efforts.
EMR serves as cornerstone for Highfield Resources placement
Australian resources-focused investor EMR Capital has served as cornerstone investor for listed mining company Highfield Resources' A$120 million ($101 million) share placement.
ICG invests in Korean tutoring business
Intermediate Capital Group (ICG) has invested an undisclosed sum in Time Education, a privately-owned education company in Korea that provides tutoring services from kindergarten through high school.
Australia backs crowdfunding scheme, offers start-up tax breaks
The Australian government has allocated A$7.8 million ($6.2 million) to develop crowd-sourced equity funding (CSEF) and offered tax breaks for start-ups in its latest federal budget.
Mandala commits $15m to India's Godavari Biorefineries
Mandala Capital has invested $15 million in India's Godavari Biorefineries, a producer of foods, biofuels, specialty chemicals and power.
SIDBI, Maharashtra government form $31m start-up fund
The government of the Indian state of Maharashtra has paired with the Small Industries Development Bank of India (SIDBI) to set up a INR2 billion ($31.1 million) venture fund for micro, small and medium enterprises (MSMEs).
CLSA seals second Asia diapers deal
CLSA Capital Partners (CLSA CP) has invested RMB150 million ($24.5 million) in Coco Healthcare Products, a Chinese manufacturer of diapers for adults and babies. It plans to help the company boost its export business.
Korea’s Posco, Green Cross lead round for US-based Juventas
South Korea-based Posco Capital and biopharmaceutical player Green Cross have led a $7.5 million round for Juventas Therapeutics, a clinical-stage biotech development company based in the US.
Deal focus: CITIC tries Mark Styler on for size
China's appetite for fashion is massive and growing. A recent report by the Fung Business Intelligence Centre put the country’s apparel retail market at around RMB1.14 trillion ($187 billion) in 2013, up 11.6% from the previous year. China is expected...
Q&A: Unison Capital's Tatsuo Kawasaki
Unison Capital is in the process of raising its fourth Japan-focused fund. Tatsuo Kawasaki, a partner at the firm, discusses how government policy and market dynamics might impact its deployment
Deal focus: Canva’s simple design wins VC support
When Australian entrepreneur Melanie Perkins taught design in schools, she noticed that students struggled when using traditional software such as Adobe Photoshop and InDesign. Clearly there could be a simpler solution.
Deal focus: Warburg Pincus rides with China’s eDaijia
It is estimated that around three shots of soju is sufficient for an adult to attain a blood alcohol content of 0.05% and therefore be in violation of Korea’s laws that prohibit driving while intoxicated. Punishments start at six months in jail or a...
India e-commerce: Grocery growth spurt
There has been a proliferation of start-ups in India’s online grocery sector, and investors have taken notice. But the companies that survive in the harsh competition to come will have to be tough
India IPOs: Staying afloat
India’s public markets are at record highs, but IPO activity remains lackluster. Investors want an overhaul of the listings approval process and a regulatory system that is suited to PE and VC-backed companies
PE tech boom: High stakes
It is still only May but Asia has seen 28 deals in the technology, media and telecom (TMT) space of $100 million or more. This compares to 31 in 2014 and an average of approximately 14 for the eight years before that.
PE, Alibaba-backed Baozun set terms for US IPO
Baozun, a Chinese e-commerce platform solutions provider that has several strategic and private equity backers, has set terms to raise up to $177.1 million through a US IPO.
Primavera leads $50m round for China online advertising platform
Primavera Capital has led a $50 million Series D round of funding for Miaozhen Systems, a Chinese third-party big data company that specializes in advertising services.
Thailand’s aCommerce raises $5m from existing backers
Existing investors including Ardent Capital, Indonesian conglomerate Sinarmas and Inspire Ventures have committed $5 million to aCommerce, a Thailand-based e-commerce services provider.
GEMS invests $20m in East China Sea energy player
GEMS, a natural resources-focused PE firm, has subscribed to a $20 million convertible bond issued by Primeline Energy Holdings (PEH) to support development of its East China Sea oil and gas interests.
Australia's Tank Stream raises $15.8m to back start-ups
Australia's Tank Stream Ventures has raised a A$20 million ($15.8 million) fund to invest in local tech start-ups.