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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.
PE-backed Maxpower sells stake in Myanmar unit to Mitsui
Mitsui & Co. has acquired a 44% stake in the Myanmar business of Maxpower Group, a Southeast Asia –focused gas power plant developer backed by Standard Chartered Private Equity (SCPE).
H Capital leads round for China childcare e-commerce site
H Capital has led a Series C round of funding worth $60 million for Beijing Huawang Online Commerce, which operates childcare-focused Chinese e-commerce platform Miyabaobei.com.
Blackstone joins $1.1b financing for Singapore property developer
The Blackstone Group is backing an investment platform launched by City Developments (CDL) that will enable the Singapore real estate firm to raise S$1.5 billion ($1.1 billion) in return for exposure to cashflows generated by properties on the resort...
Hony leads $148m investment in VC-backed tour operator Tuniu
Hony Capital has led a $148 million round of funding for Tuniu, a US-listed Chinese online package tour provider backed by DCM, Temasek Holdings, Gobi Partners and Sequoia Capital.
GGV leads Series B for China auto after-sales service platform
GGV Capital has led a $30 million Series B round of funding for Yangche Diandian, a Chinese mobile app that focuses on automotive after-sales services.
Globis invests $6.7m in Japan's Neo Career
Globis Capital Partners has led a JPY800 million ($6.7 million) round of investment in Neo Career, a Japanese firm that offers online staffing and recruitment services.
NAB sells additional $1.9b in UK property loans to Cerberus
National Australia Bank (NAB) is selling another GBP1.2 billion ($1.9 billion) parcel of distressed UK real estate loans to New York private equity firm Cerberus Capital Management.
Beijing Enlight Media launches $160m VC fund
Chinese media and entertainment group Enlight Media has launched a venture fund with a target of RMB1 billion ($160 million).
Qualcomm Ventures invests $40m in Chinese start-ups
Qualcomm Ventures - the eponymous VC arm of the US semiconductor giant - has invested $40 million in four Chinese start-ups and Walden International's latest VC fund.
OPIC commits $42m to Lighthouse's India fund
The Overseas Private Investment Corporation (OPIC), a development finance arm of the US government, has committed up to $42 million to Lighthouse Funds’ second India vehicle.
Ping An VC unit leads round for social investment network
Ping An Ventures – an investment unit of China’s Ping An Insurance – and Russia-based SBT Venture Capital have led a $27 million round of funding for social investment network eToro.