Region
KKR backs desert-farming solution
Tough climatic challenges are in store for South Australia, already the nation's driest state. Agriculture, which is worth more than $5 billion each year to the state, will increasingly be affected by rising temperatures and reduced rainfall.
SoftBank hitches a ride with GrabTaxi
Six months ago, Southeast Asia-focused mobile taxi-booking platform GrabTaxi was adjusting to the fact that its resources had ballooned by $15 million, following a Series B round provided by GGV Capital and Qunar. On this basis, the past six weeks have...
China's NSSF and offshore PE: Still theory, no practice
Regulations proposed by the government for China’s National Social Security Fund include a provision that suggests the pension fund could invest in offshore private equity. But how soon?
Tech valuations: Ill-fated inflation?
As valuations in the tech space continue to soar, comparisons are inevitably drawn with the dotcom bubble era. Asia can point to favorable fundamentals, but it remains to be seen whether the exuberance is justified
The trust factor: Repeat buying in Asian PE
Navis Capital Partners completed a management buyout of Dome Coffees Australia in 2003. The business grew and Navis prospered, securing a 3.5x return on exiting the asset via another management buyout five years later. Fast forward to September 2014 and...
I Squared Capital to buy India toll road from Malaysia's IJM
I Squared Capital, a PE firm set up by former executives of Morgan Stanley’s infrastructure investment unit, has agreed to buy a toll road in northwestern India from Malaysia-based IJM Corp.
VC-backed LanzaTech raises $60m from NZ Super
The New Zealand Superannuation Fund has provided $60 million growth capital for low-carbon fuels producer LanzaTech.
CITIC launches tender offer for Japan's Schott Moritex
CITIC Capital Partners has launched a tender offer to acquire a controlling stake in Schott Moritex Corporation, a Japan-based manufacturer of vision lenses for machines.
Tiantu commits $16m in Chinese electric scooter manufacturer Inmotion
Chinese GP Tiantu Capital has committed RMB100 million ($16 million) in a Series B round of funding for Inmotion Technologies, a manufacturer of sensor controlled vehicles.
Japan PE acquires plastics manufacturer, elderly care business
Mid-market GP Japan Private Equity has acquired plastics manufacturer Sekisui Chemicals and care home services business Healthy Service via its third buyout fund.
Carlyle buys into India's Newgen for a second time
The Carlyle Group has acquired a 54.85% stake in India-based publishing and technical services provider Newgen KnowledgeWorks for $32.8 million via a secondary transaction. This is the second time it has invested in the company.
EQT sells Chinese bakery chain to Swire Foods
EQT has sold its 65% stake in Chongqing New Qinyuan Bakery, a retail bakery chain based in southwest China, to Swire Foods, a subsidiary of Swire Pacific.
Italy's Bonomi raises offer for Fosun target Club Med
Andrea Bonomi has raised the stakes in the battle for Club Méditerranée (Club Med), increasing his offer for the vacation resort operator just days after a consortium led by China’s Fosun International submitted an improved bid.
China's Xiaomi, Kingsoft back IP investment fund
Chinese mobile phone maker Xiaomi and software developer Kingsoft will participate as LPs in a RMB200 million ($32.5 million) fund that will make investments related to intellectual property.
Fosun-owned Hainan Mining to list in Shanghai
Hainan Mining, an iron ore miner owned by Chinese conglomerate Fosun International, is set to raise RMB1.9 billion ($308 million) through an IPO in Shanghai.
PE investors to part exit as India's Sadbhav Infra files for IPO
Sadbhav Infrastructure Project (SIP), an Indian road and highways project developer, is looking to raise at least INR6 billion ($97 million) through an IPO, providing a partial exit for PE backers Xander and Norwest Venture Partners.
DST leads $100m round for Chinese payment platform Fenqile
DST Advisors has led a $100 million Series B round of funding for Fenqile.com, a Chinese installment payment platform.
Sequoia, Nexus invest $3m in India food-ordering start-up
Indian food-ordering start-up TinyOwl Technology has raised $3 million from Sequoia Capital and Nexus Venture Partners in Series A round of funding.
Australia's Crescent Capital closes Fund V at $565m
Crescent Capital Partners has reached a final close on its fifth Australia and New Zealand-focused fund at the hard cap of A$675 million ($565 million) after only 10 weeks in the market.
Rabo reaches $80m initial close on India agribusiness fund
Agribusiness-focused Indian GP Rabo Equity Advisors has raised $80 million for its second fund - India Agri Business Fund II - and expects to reach the $100 million mark in the next few months.
Banyan leads $35m round for Chinese wearables maker
Banyan Capital has led a $35 million Series B round of funding for Huami, a Chinese start-up that manufactures fitness wearables launched by smart phone maker Xiaomi.
Quadrant-backed Estia drops on Australia trading debut
Estia Health, an Australian aged care provider backed by Quadrant Private Equity, saw its stock open at a 13% discount to the IPO price on the first day of trading in Sydney.
PEP, Bain offer $731m for Australia's Bradken
Pacific Equity Partners (PEP) and Bain Capital have made an offer for mining industry supplier Bradken that values the Australia-listed company at approximately A$872 million ($731 million).
India Angel Network opens Mumbai incubator space
India Angel Network (IAN) has opened a new co-working space in Mumbai to house a tech-focused start-up incubator program.