Region
PE-backed Red Star Macalline files for HK IPO
Red Star Macalline Group, a private equity-backed shopping mall operator in China, has filed to list on the Hong Kong Stock Exchange.
CapAsia exits Malaysia toll road
Southeast Asia infrastructure investor CapAsia has sold its stake in Malaysia’s Cheras-Kajang Highway to a joint venture between Taliworks Corp. and Employees Provident Fund for MYR80 million ($21.9 million).
Australia's Bradken rejects new buyout offer from PEP, Koch
Australian mining industry supplier Bradken has rebuffed another takeover bid by Pacific Equity Partners (PEP), this time acting in tandem with Koch Industries.
Top Standard Chartered banker quits to raise PE fund
Viswanathan Shankar, Standard Chartered's group executive director and CEO for Europe, Middle East, Africa and Americas is leaving the firm to set up his own private equity fund.
India Value Fund Advisors in $500m first close on Fund V
India Value Fund Advisors has reached a first close of $500 million on its fifth Indium fund, which has a hard cap of $700 million.
Mandala backs Indian agriculture finance business
Mandala Capital has invested INR1.1 billion ($17.9 million) in Sustainable Agro-commercial Finance (SAFL), a agriculture-focused non-banking financial company (NBFC) controlled by India's Jain Irrigation Systems (JISL).
GGV, Shunwei invest in China education site Xiaozhan Jiaoyu
GGV Capital and Shunwei Capital Partners have co-led a $29 million Series B round of funding for Xiaozhan Jiaoyu, a Chinese online education platform that focuses on students studying abroad.
China's JD.com to launch equity crowdfunding platform
Chinese online retailer JD.com has launched an equity crowdfunding platform through which local entrepreneurs can raise capital from potential early-stage investors.
IDFC Alternatives to buy stake in Indian power project
IDFC Alternatives has agreed to buy a 23.5% stake in ONGC Tripura Power Company (OTPC) for INR4.26 billion ($68.5 million). The purchase will be made through the India Infrastructure Fund II.
VIDEO: Navis Capital Partners' Rodney Muse
Nothing is off limits now when LPs are conducting due diligence on private equity firms as investors respond to issues such as regulatory change, according to Rodney Muse, co-founder and managing partner of Navis Capital Partners
Everstone buys Aon Hewitt's Asia payroll business
India and Southeast Asia-focused GP Everstone Capital has acquired Aon Hewitt’s Asia Pacific payroll business for an undisclosed sum.
PE-backed film studio gets funding from China's Huayi
STX Entertainment, a Hollywood studio set up with support from Hony Capital and TPG Capital, has secured a three-year financing deal with China’s Huayi Brothers Media Corp. to release 12-15 movies a year by 2016.
China investors agree $3.3b deal for Philips LED unit
A Chinese consortium led by Go Scale Capital will buy an 80.1% stake in Philips’ combined LED components and automotive lighting unit at an enterprise valuation of $3.3 billion.
Creador to seek $450m for Fund III
Creador is preparing to launch its third Southeast Asia- and India-focused fund with a target corpus of $450 million. This comes barely eight months after the GP closed its second fund at $330 million.
Bain-owned MYOB targets $638m in Australia IPO
MYOB, an Australian accounting software developer owned by Bain Capital, is seeking to raise up to A$833.8 million ($635.5 million) through an IPO on the Sydney bourse. The PE firm will not sell any shares in the offering.
India's AppsDaily raises 16m Series C from Zodius, others
Zodius Capital has led a $16 million Series C round for Indian mobile app developer and distributor AppsDaily, with participation by current investors Kalaari Capital, ru-Net Ventures and Qualcomm Ventures.
Japan news app raises another $10m from VCs
SmartNews, the Tokyo-based start-up behind the news curation app of the same name, has raised $10 million in another round of funding led by Japanese internet gaming firm Gree.
Japan's Beenos leads $2.5m Series A for flea market app
Japanese e-commerce incubator Beenos has led a $2.5 million Series A round of funding for Southeast Asian flea market app Duriana. Existing investors also took part in the round.
Mayfield, Kalaari back India-based travel itinerary site
Kalaari Capital and Mayfield have committed $3 million in Series B funding to Indian travel planning site TripHobo.
China exits: Liquidity lags
Despite the return of domestic listings, many China PE investors are struggling on distributions. Much rests on the success of IPO reforms, the ability to execute trade sales, and an unblocking of the secondary market
India microfinance: Acorns to oaks
Several large funding rounds – plus the birth of a new bank – have shown how far India’s microfinance institutions have come in just four years. But more is to come, and more VC backing will be required
China's middle market: Small is beautiful
What has become of China's middle-market GPs? Twelve managers reached final closes in 2014 of $301-750 million. All bar two of them were raising venture capital funds.
Catapult steers through new waters
When employees at Australian Reef Pilots (ARP), which provides pilotage services through the Great Barrier Reef and Torres Straits, wanted to engineer a management buyout (MBO), they found help from a newcomer to the private equity industry: Catapult...
PEs seek a harvest in rural India
A tractor is one of the most versatile tools on a farm, but it is out of reach for many in rural India because they have no access to credit.