Region
India's Flipkart raises $700m round
Indian e-commerce giant Flipkart has completed another round of funding worth $700 million from a combination of new and existing investors. The company has now raised $1.9 billion in 2014 and around $2.8 billion since inception.
Thai Union buys Bumble Bee from Lion Capital for $1.5b
Thai Union Frozen Products, the world’s largest producer of canned seafood, has agreed to buy Bumble Bee Seafoods from US-based GP Lion Capital for $1.5 billion.
Lombard, Leapfrog buy RSA's stake in Thai insurer
Lombard Investments and LeapFrog Investments have acquired a 21.75% stake in Thailand’s Syn Mun Kong Insurance (SMK) from Royal & Sun Alliance Group (RSA) for THB1.89 billion ($57.5 million).
Fosun consortium raises offer for Club Med yet again
A consortium led by Fosun International has submitted another improved offer for Club Méditerranée (Club Med) – extending a process that has already more than 18 months and during which the bidding price has risen nearly 45%.
Chinese insurers win approval to invest in VC funds
Chinese insurers have received regulatory clearance to invest in venture capital funds, the latest in a string of moves that are liberalizing investment channels for the sector and allowing greater exposure to alternative assets.
Apollo agrees partnership with Australia's Leighton Holdings
Apollo Global Management has agreed to buy half of Leighton Holdings’ maintenance services business, generating cash proceeds of around A$700 million ($573 million) for the Australian construction company.
CITIC Capital exits Japanese bone china maker Narumi
CITIC Capital Partners has exited Japanese bone china and tableware manufacturer Narumi Corporation to Ishizuka Glass for JPY4.3 billion ($36.2 million).
TPG's Japan team spins out as NSSK
Several members of TPG Capital's Japan team, led by former country head Jun Tsusaka, have launched a new private equity firm called Nippon Sangyo Suishin Kiko (NSSK).
China's Baidu confirms investment in Uber
Chinese search engine Baidu has confirmed that it is the latest investor in Uber, the online car-ordering service that has raised an estimated $3.3 billion since its inception.
TPG-backed retailer Li Ning seeks to raise $218m
Struggling Chinese sportswear retailer Li Ning plans to raise up to HK$1.69 billion ($218 million) through a share offering, with existing investors TPG Capital, Milestone Capital and GIC Private all agreeing to participate.
JKL, Harim Group named preferred bidder for Korea's Pan Ocean
JKL Partners and a unit of South Korean agricultural conglomerate Harim Group have been named by a local court as the preferred bidder for bankrupt shipper STX Pan Ocean.
Harjit Bhatia rejoins Asia Growth Capital Advisors
Harjit Bhatia has returned to Asia Growth Capital Advisors (AGCA) as executive chairman. He left the firm in 2012 to become managing partner and CEO at PineBridge Asia Partners.
India Value Fund exits Radio City to trade buyer
India Value Fund Advisors (IVFA) has exited Music Broadcast, which runs FM radio station Radio City, to Jagran Prakashan, a listed Indian media conglomerate backed by The Blackstone Group.
Wiser Capital launches in Hong Kong
Wiser Capital Management, a recently formed alternative investment firm, has officially launched operations by opening an office in Hong Kong.
Hahn & Co leads $3.6b acquisition of Visteon's Korean unit
US auto parts maker Visteon Corp. has agreed to sell a 70% stake in its South Korea-based subsidiary Halla Visteon Climate Control Corp. (HVCC) to Hahn & Co. and Hankook Tire for around $3.6 billion.
EQT bakery investment proves out
EQT's 2010 acquisition of a controlling stake in Chongqing New Qinyuan Bakery – which it has just exited to Swire Pacific – was something of a coup for the European mid-market GP. Not only did the firm overcome several competitors, but it also managed...
Carlyle starts a new chapter with Newgen
When The Carlyle Group first parted ways with India-based publishing and technical services provider Newgen KnowledgeWorks in 2011 it was on good terms.
Hony takes a trip to Tuniu
A private funding round was not Tuniu’s original plan. Earlier this month, the US-listed Chinese online package tour provider informed regulators that it wanted to raise $100 million via a public offering.
Profile: GGV Capital's Jenny Lee
Self-proclaimed geek Jenny Lee began her career working on fighter jets for the Singapore government. Now a managing partner at GGV Capital, she is backing a new generation of China start-ups
The crystal ball: Predictions for 2015
From China and India to Southeast Asia and Japan, private equity professionals give their perspectives on the year to come for fundraising, investments and exits
SoftBank leads $90m round for India's Housing.com
SoftBank Group is leading a $90 million round of funding for Locon Solutions, operator of property listing platform Housing.com. It will become the largest investor in the business.
L Capital-owned Jones the Grocer enters administration in Australia
The Australian operation of Jones the Grocer, a gourmet food retailer majority-owned by L Capital Asia, has gone into administration but is expected to stay open while undergoing a restructuring.
CVC to sell most of its stake in Philippines lender RCBC
CVC Capital Partners is set to make a partial exit from Rizal Commercial Banking Corporation (RCBC) as Cathay Life Insurance confirmed it had agreed to buy a 20% stake in the Philippines lender for PHP17.92 billion ($400.5 million).
Cathay reaches final close on Sino-French fund
Cathay Capital has reached a final close on its latest Sino-French fund at the hard cap of EUR500 million ($624 million) after less than a year in the market.