Region
Crystal Stream leads $10m round for delivery start-up Lalamove
Crystal Stream Capital has led a $10 million for Lalamove, a Hong Kong-based mobile app for on-demand delivery services.
CVC returns $2b to investors from Asia deals in 2014
CVC Capital Partners returned $2 billion to investors from Asia-based investments in 2014 after completing three full or partial exits – which contributed $1 billion of the proceeds – in December.
TPG, PAG consortium merges DTZ with Cassidy Turley
TPG Capital, PAG Asia Capital and their co-investor Ontario Teachers’ Pension Plan (OTPP) have followed up their acquisition of DTZ, the property services arm of Australia-listed UGL, with the purchase of US-based Cassidy Turley.
China's CDH exits CNinsure via share buy-back
CDH Investments is exiting CNinsure, a China-based distributor of insurance products, after members of the management team agreed to buy back its stake for $54.1 million.
China's Wanda E-Commerce raises $160m
Wanda E-Commerce, a joint venture set up by China’s largest commercial property operator Wanda Group, Baidu and Tencent Holdings, has raised RMB1 billion ($160 million) from two offshore internet investment funds.
GGV leads $10m round for drone maker EHang
GGV Capital has led a $10 million Series A round for EHang, a Chinese consumer drone manufacturer.
L Capital Asia leads cornerstones for Asiaray Media's HK IPO
L Capital Asia, is participating as a cornerstone investor in Greater China out-of-home advertising company Asiaray Media Group’s Hong Kong IPO, which is targeting up to HK$772.2 million ($99.5 million).
Japan's Incubate Fund forms $92m Internet of Things vehicle
Tokyo-based early-stage VC firm Incubate Fund has raised JPY11 billion ($91.2 million) for a vehicle that will support Japanese companies involved in the Internet of Things (IoT).
Fosun consortium set to win battle for Club Med
A consortium led by Fosun International looks set to emerge victorious from the long-running battle for Club Méditerranée (Club Med) after rival bidder Global Resorts withdrew from the process.
VIDEO: Terra Firma's Guy Hands
European businesses are selling for higher multiples because financing has come back, but they are still quite reasonably priced compared to pre-global financial crisis levels, says Guy Hands, chairman and CIO of Terra Firma. The question for buyers is...
China's Xiaomi confirms $1.1b funding round
Chinese smartphone maker Xiaomi has raised $1.1 billion further round led by Hong Kong-based All-Stars Investment. DST Advisors, Singapore’s GIC Private, Hopu Investment Management and Yunfeng Capital have also participated.
Chinese insurers win approval for SME-focused PE funds
Chinese insurance companies have been permitted to set up private equity funds that specifically focus on investing in local small and medium-sized enterprises (SMEs).
Ping An energy fund invests $160m in United Photovoltaics
Chinastone Capital Management, an energy-focused investment firm backed by Ping An Insurance, has acquired HK$1.26 billion ($160 million) worth of convertible bonds in solar plant operator United Photovoltaics Group.
NZ Super, Infratil agree buy RetireAustralia for $521m
New Zealand Superannuation Fund (NZ Super) and infrastructure investor Infratil have bought retirement village operator RetireAustralia for A$640.2 million ($521 million) from J.P. Morgan Special Opportunities Group and Morgan Stanley Real Estate.
MSPEA, Sihuan Pharma invest in Chinese hospitals - UPDATE
Morgan Stanley Private Equity Asia (MSPEA) has teamed up with Sihuan Pharmaceuticals – one of its portfolio companies – and that company’s chairman to invest RMB1.24 billion ($200 million) in two Chinese hospitals.
CDH halts investment on China VC fund
CDH Investments has halted deployment of its latest China venture capital fund in the wake of several departures.
Carlyle to pay $483m for GE's AsiaSat stake, launch take-private
The Carlyle Group has agreed to acquire General Electric’s (GE) interest in Asia Satellite Telecommunications (AsiaSat) for up to HK$3.75 billion ($483 million) and then make a buyout offer for the Hong Kong-listed company.
MBK, Hudson exit China environment business to Beijing Enterprises
MBK Partners and Hudson Clean Energy Partners have sold Chinese waste-to-energy and wastewater treatment specialist GSE Investment Corporation (GSEI) to Beijing Enterprises Holdings (BEHL).
RRJ, Jollibee secure Dunkin' Donuts China franchise
RRJ Capital has teamed up with Philippines-based quick service restaurant operator Jollibee Foods Corporation to launch Dunkin’ Donuts in China.
PEP exits Australian cinema chain Hoyts to Chinese buyer
Pacific Equity Partners (PEP) has exited Australian cinema operator Hoyts Group to an investment vehicle set up by Xishuang Sun, chairman of Chinese property developer Dalian Yifang.
PE investors sell Pacnet to Australia's Telstra for $697m
Clearwater Capital Partners, Spinnaker Capital Group and Ashmore Investment Management have agreed to exit undersea cable provider Pacnet to Australia’s Telstra Corp. for approximately $697 million, including $400 million in debt.
PE firms set for part exits as India's VRL Logistics, UFO Moviez file for IPOs
New Silk Route (NSR) will sell shares in VRL Logistics and Providence Equity Partners and 3i Group will make partial exits from UFO Moviez as both companies filed for IPOs in India.
Tsing Capital, WLR China fund join $44.5m round for Phononic
Tsing Capital and WLR China Energy Infrastructure Fund have participated in a Series D round of funding worth $44.5 million for Phononic, a US-based manufacturer of solid-state cooling and refrigeration devices.
PE-backed Indian retailer Monte Carlo sinks below IPO price
Shares of Samara Capital-backed Indian apparel brand Monte Carlo Fashions remain at a 9% deficit to the IPO price despite a small rally on December 22, the second day of trading.