Regions
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.
China social mobile app Pengpeng raises $17m from VCs
Pengpeng, a Chinese social mobile gaming app, has raised $17 million in a Series B round of funding from KPCB China, Ventech Capital and Magic Stone Alternative Investments.
India's Linkstreet raises Series A round from Faering
Faering Capital has provided a Series A round of funding for Linkstreet, an Indian start-up that has developed a cloud-based video learning and collaboration platform for the healthcare and education sectors.
Hony, Goldman lead investment in Neusoft medical device units
A consortium including Hony Capital, Goldman Sachs and Canada Pension Plan Investment Board (CPPIB) has agreed to invest $610 million in two medical device subsidiaries owned by Neusoft Corporation, a Chinese IT services provider.
VC-backed China dating-app gains 26% on US trading debut
Chinese VC-backed mobile dating app Momo gained 26% on its first day of trading on NASDAQ following a $216 million IPO.
NEA commits $5m to India's RezNext
New Enterprise Associates (NEA) has invested $5 million in India's RezNext Global Solution, a platform for managing hotel bookings.
Australia's Bradken opens books to PE suitors
Australian mining industry supplier Bradken has agreed to open its books to Pacific Equity Partners (PEP) and Bain Capital following the private equity firms’ offer to buy the company.
India's IDFC, Russia's RDIF to invest $1b in infrastructure
IDFC and the Russia Direct Investment Fund (RDIF) will together invest $1 billion in infrastructure and related industries with a view to accelerating economic cooperation between Russia and India.
Oman-India fund commits $15.3m to India's GSO Crop Science
The Oman India Joint Investment Fund (OIJIF) has invested INR950 million ($15.3 million) in GSP Crop Science, an Indian agro-chemicals company.
Riverside debuts in SE Asia with Malaysia chemicals deal
The Riverside Company has bought Malaysian chemical distributor Drex-Chem Malaysia (DCM) for an undisclosed sum in its first ever Southeast Asia investment.
Indian states ban VC-backed taxi apps following rape case
India's state governments have been instructed to ban all unregistered web-based taxi booking services - impacting VC-backed start-ups like Ola and TaxiforSure - following a rape involving a driver contracted by US-based Uber.
Mandarin Capital exits Dagong Europe to Chinese JV partner
Mandarin Capital Partners has sold its 40% stake in a European credit ratings agency to joint venture partner Dagong Global Credit Rating. China-based Dagong is now the sole owner of the asset.
General Atlantic-backed Xiabu Xiabu targets $146m HK IPO
Xiabu Xiabu, a Chinese hotpot chain backed by General Atlantic, is seeking to raise up to HK$1.13 billion ($146 million) through a Hong Kong IPO.
Singapore’s Tembusu, China’s Bona to create $100m media fund
Singapore-based PE firm Tembusu Partners and local media entrepreneur Calvin Cheng have joined forces with Yu Dong, China Bona Film Group’s CEO, to launch a $100 million fund targeting China’s media and entertainment industry.
IFC to invest $100m in India's Axis Bank
The International Finance Corporation (IFC), an investment arm of the World Bank, has pledged to invest up to $100 million in India's Axis Bank.
Founder of China’s Momo hit with misconduct accusations ahead of IPO
Tang Yan, CEO and founder of Chinese VC-backed mobile dating app Momo - which is about to list in the US - has been accused of misconduct while employed by NetEase, his former place of work.
Fosun’s Kinzon Capital leads $10.3m round for US start-up
Kinzon Capital, a Silicon Valley-based VC arm of Chinese conglomerate Fosun International, has led a $10.3 million funding round for Connect, a start-up that helps manage social networking and mobile contacts.
BlackRock PE leads $300m round for Korea’s Coupang
BlackRock Private Equity Partners has led a $300 million round of funding for Coupang, South Korea’s largest online retailer. It has now raised nearly $500 million from private investors.
AVCJ Awards: AVCJ Special Achievement: First Eastern's Victor Chu
Victor Chu’s First Eastern Investment Group was among the first private equity firms to enter China. It has since carved a new niche based on Chinese outbound investment
AVCJ Awards: PE Professionals of the Year: KKR's David Liu & Julian Wolhardt
David Liu and Julian Wolhardt lead KKR’s Greater China private equity team, with Liu also serving as co-head of Asia private equity. They look back on a busy 12 months
AVCJ Awards: Exit of the Year - Mid Cap: United Cinemas
United Cinemas was struggling in the face of macro headwinds and low consumer confidence, but Advantage Partners’ saw the bigger picture and delivered blockbuster returns
AVCJ Awards: Exit of the Year - IPO: Alibaba Group
Alibaba Group’s IPO validated Silver Lake’s faith in the business. Ken Hao, a managing partner at the PE firm, expects the company to go from strength to strength, both in and outside China
AVCJ Awards: Deal of the Year - Mid Cap: IMAX China
FoutainVest Partners and CMC Capital Partners are helping IMAX negotiate obstacles to expansion in China with the ultimate aim of taking the local unit public