Region
LP interview: PGGM
Following the decision to sell AlpInvest Partners, Dutch pension fund PGGM set up its own PE division. There is a preference for buyouts in Asia’s developed markets and a growing appetite for co-investment
Allegro Funds buys Australia's Great Southern Rail
Allegro Funds has agreed to buy a 100% stake in Australian railway company Great Southern Rail (GSR) from its UK parent Serco.
India's LimeRoad raises $30m Series C round
Tiger Global has led a $30 million Series C round of funding for India LimeRoad, an online social discovery platform aimed at women. Lightspeed Venture Partners and Matrix Partners India also took part in the round.
Magma Fincorp raises $80m from KKR, Leapfrog, IVFA
Magma Fincorp, an Indian non-banking finance company (NBFC), has raised INR5 billion ($80 million) from KKR, LeapFrog Investments, and India Value Fund Advisors' (IVFA) Indium V.
Mercurius Capital launches $80m PE fund with Chinese firm
Mercury Capital Investment, a subsidiary of Singapore-listed Mercurius Capital Investment, has teamed up with a Chinese real estate developer to launch a RMB500 million ($80 million) PE fund targeting urbanization projects in China.
Banyan leads $50m Series A for China education platform
Banyan Capital has led a $50 million Series A round of funding for Genshuixue, committing $41 million to the online education platform.
PE-backed Meinian Onehealth to list via reverse merger
Meinian Onehealth Healthcare Group, the largest private provider of preventive healthcare check-up services in China and a portfolio company of The Carlyle Group among others, plans to list in Shenzhen through a reverse merger with Jiangsu Sanyou Group....
India's IL&FS divests stake in Maharashtra Natural Gas
IL&FS Investment Managers has fully divested its stake in Maharashtra Natural Gas (MNGL) to Indraprastha Gas (IGL), securing a cash multiple of 4.1x.
IDG commits $24m to Kingsoft's cloud computing unit
IDG Capital Partners has agreed to invest $24.06 million in Kingsoft Cloud Group as part of a funding round led by the cloud computing venture’s parent company, Kingsoft.
China fund to lead $5b investment in Indonesia industrial park
China Minsheng Investment, a private equity firm set up last year by the former head of China Minsheng Banking Corporation, will lead a $5 billion investment in an Indonesian industrial park.
CMC, New Horizon lead $60m round for China education site
CMC Capital Partners and New Horizon Capital have co-led a $60 million Series D round of funding for Yuantiku, valuing the Chinese online education platform at $360 million.
Peesh Venture Capital launches $50m fund, India accelerator
Early-stage investor Peesh Venture Capital (PVC) has launched a $50 million fund and accelerator targeting Indian start-ups.
Maybank, 1337 Ventures launch fintech accelerator
Malaysian financial group Maybank has set up a financial technology (fintech) accelerator with local early-stage investor 1337 Ventures.
CDH participates in $483m round for Chinese P2P lending platform
CDH Investments has participated in a RMB3 billion round ($483 million) round of funding for Shanghai Lujiazui International Financial Asset Exchange (Lufax), a Chinese peer-to-peer (P2P) lending platform controlled by Ping An Insurance Group.
L Capital-backed 2XU targets IPO in Australia or US
Australian sports apparel brand 2XU - which is 40%-owned by L Capital Asia, a PE firm backed by luxury goods conglomerate LVMH - is looking to go public in either Australia or New York with an IPO that could value the business north of A$600 million ($468...
Tiger Global leads Series A for Indian social network Roposo
Indian fashion-centric social network Roposo has raised $5 million in Series A funding led by Tiger Global.
China sex toy online retailer Chunshuitang raises $13m
New Margin Ventures and Shenzhen Cowin Capital have committed RMB80 million ($13 million) in a Series B round of funding for Chunshuitang.com, a Chinese sex toy e-commerce site.
Indian condiments maker to back PE fund
Indian condiment maker Eastern Group will back a INR1.25 billion ($19.9 million) private equity fund in partnership with venture capital firm CapAleph Advisors.
ChinaEquity leads Series B round for education site Juesheng
ChinaEquity, a Beijing-based private bank engaging in PE and VC investments, has led a Series B round of funding for Juesheng.com, a Chinese education-focused online marketplace.
Japan's Zozotown acquires VC-backed Aratana
Start Today - the Japanese start-up behind fashion site Zozotown - has acquired VC-backed e-commerce solution provider Aratana.
PE investors to make partial exits from India's AGS, S.H. Kelkar
Three private equity firms – TPG Capital, Actis and The Blackstone Group – are set for partial exits from their Indian investments as payment solutions provider AGS Transact Technologies and fragrances manufacturer S.H. Kelkar both filed for IPOs.
Greenoaks leads $25m investment in India hotel marketplace
US investment firm Greenoaks Capital has led a INR1.5 billion ($24 million) investment in Oravel Stays, the start-up behind India-focused online budget hotel marketplace OyoRooms.com.
Australia revises employee share scheme law
The Australian government has given start-ups a boost with the much-anticipated introduction of a bill that means employees can defer paying tax on share options until they are actually converted into shares.
China travel social media site raises C round
Mafengwo, a Chinese travel social media platform, has raised a Series C round of funding from Hillhouse Capital Management, Qiming Venture Partners, hedge fund Coatue Management and technology firm Cobuilder.