Regions
Greycroft, Fidelity lead $6m round for India's Icertis
Indian cloud enterprise start-up Icertis has raised $6 million in a Series A round led by Greycroft Partners and Fidelity Growth Partners India.
KKR-backed China Cord Blood gets buyout offer from Golden Meditech
China Cord Blood, a US-listed blood banking operator in which KKR holds a minority stake, has received a take-private offer from its largest shareholder, Chinese healthcare company Golden Meditech.
Portfolio: IMM Private Equity and Korea's Hollys Coffee
IMM Private Equity thinks Hollys Coffee has what it takes to become a homegrown star in Korea’s fiercely competitive coffee house industry. Two years into the investment, rejuvenation efforts appear to be paying off
Fund focus: Brandon secures super fund support
With A$78 billion ($61 billion) in assets, AustralianSuper is said to struggle to make fund commitments of less than A$150 million. Yet it is one of several superannuation funds backing Brandon Capital’s latest life sciences VC vehicle, which has closed...
Ticket Monster tools up for e-commerce fight
EBay paid $1.2 billion for a dominant position in Korean online retail in 2009 with the privatization of NASDAQ-listed Gmarket. It was the leading e-commerce marketplace, accounting for KRW3.99 trillion (then $2.6 billion) of the country’s estimated...
Scaling up in financial comparison
Moneysupermarket.com started out in 1993 as an offline provider of mortgage information to financial intermediaries. It went online six years later as a retail business, allowing UK consumers to search and compare different mortgage products. Credit cards,...
Singapore’s TradeGecko seals Series A round
When brothers Cameron and Bradley Priest, and Carl Thompson, arrived in Singapore from New Zealand to join start-up accelerator JFDI.Asia in 2012, the idea was to create a mobile app that would connect e-commerce companies with third-party platforms through...
Indian LPs: Commitment issues
Proposed reforms of investment guidelines for India’s pension system suggest that more domestic capital could flow into the asset class. But is the country’s wider LP community really warming up to PE?
PE and China franchising: Eat what you cook
Franchising is an effective way of establishing Western restaurant brands in China. Private equity firms have picked up on the opportunity, but it is not without risk. Local appeal and strong partners are essential
Southeast Asia payment platforms: Who pays?
When Philippine Long Distance Telephone (PLDT) bought a 10% stake in e-commerce incubator Rocket Internet for $444 million last year, the agreement had a notable addendum: the companies would develop a payments and remittance infrastructure for Rocket’s...
Apax to exit iGate as Capgemini agrees $4b acquisition
French IT services company Capgemini will pay $4 billion to acquire US and India-based technology and service provider iGate, facilitating a 3.7x exit for iGate's PE backer, Apax Partners.
China online movie ticket app Weiying raises $105m round
Beijing Weiying Times Technology, a Chinese online portal that sells movie tickets, has completed a Series B round of funding worth $105 million.
Japan's Rebright launches $20m fund for India start-ups
Rebright Partners - an early-stage investor backed by a consortium of Japanese internet companies - has formed a JPY2.4 billion ($20 million) fund to invest technology start-ups in India.
Southeast Asia payments provider 2C2P gets Series C round
Southeast Asian payment services provider 2C2P has raised $7 million in Series C funding from investors including Amun Capital and GMO Venture Partners.
Platinum Equity buys Chinese manufacturer Ying Shing
US private equity firm Platinum Equity has bought Ying Shing Enterprises, a Chinese company that specializes in precision tool making, injection molding and contract manufacturing, for an undisclosed sum.
Fosun, Tencent lead $35m round for US medical device start-up
China's Fosun International and Tencent Holdings have led a $35 million Series B round for Scanadu, a US-based medical technology start-up working on devices that can send diagnostic tests directly to smart phones.
TPG Growth closes third global fund at $3b
TPG Capital has reached a final close of $3 billion on its third global middle market and growth equity fund. The initial target was $2.75 billion.
Singapore doctor discovery platform DocDoc raises $8.5m
DocDoc, the Singapore-based start-up behind the Asian doctor discovery platform of the same name, has raised a Series A round worth S$11.5 million ($8.5 million) from US and Korea-based SparkLabs Global Ventures, and Malaysian conglomerate Hong Leong...
BlueRun closes third China VC fund at $200m
BlueRun Ventures has closed its third China-focused venture capital fund at $200 million, targeting early stage start-ups.
Former Auda Asia head joins 3W Partners Capital
Pak-Seng Lai, formerly head of Asia at Auda, has joined 3W Partners Capital, which focuses on consolidation and cross-border investments through strategic resources in southern China.
Bangladesh-based SureCash gets $7m Series B round
Bangladeshi mobile banking and payments operator SureCash has raised a $7 million Series B round of funding from Asian frontier market investor Osiris Group.
Advent, Temasek to buy Crompton Greaves' consumer unit
Advent International and Temasek Holdings have agreed to buy a 34.37% stake in the consumer products unit of India’s Crompton Greaves from Avantha Group. The deal values the business at INR66 billion ($1.07 billion).
SEBI considers allowing India VC funds to boost overseas exposure
The Securities and Exchange Board of India (SEBI) is to revise rules governing locally-registered VC funds, allowing them to invest up to a quarter of the their capital overseas - provided the companies hold some operations in India.
Riverside adds to Australia e-learning platform
The Riverside Company has acquired C-Learning, an Australia-based developer of online education courses, to complement its existing education asset in the country, Learning Seat.