Regions
Xiaomi, Temasek, Kingsoft to invest in China’s 21Vianet
Software giant Kingsoft Corporation, smart phone maker Xiaomi and Singapore’s Temasek Holdings have agreed to invest $296 million in 21Vianet, a Chinese internet data center provider.
Chinese investors join $40m round for Misfit Wearables
GGV Capital, Shunwei Venture Partners, smart phone maker Xiaomi and online retailer JD.com have participated in a $40 million Series C round of funding for Misfit Wearables, which manufactures wearable devices that track health and fitness.
Qiming leads $10m round for China biopharma player
Qiming Venture Partners has led a $10 million Series A round of funding for CANbridge Life Science, a Beijing-based biopharmaceutical firm.
Fenox VC launches $200m Bangladesh fund
Silicon Valley venture capital firm Fenox VC is launching a $200 million fund that will focus on investments in Bangladesh’s technology, internet and media sectors.
L Capital buys Australian swimwear brand Seafolly
L Capital Asia, a private equity firm sponsored by French luxury goods conglomerate LVMH, has acquired a controlling stake in Australian swimwear brand Seafolly.
CITIC to build China construction education business
The evolution of China's education market can be divided into three periods that have, so far, delivered distinct kinds of companies. Phase one was the IPO boom of 2006-2008 when service providers focused on overseas studying and professional qualifications...
China healthcare: Technology transfer
Healthcare-focused private equity firms want to take technologies from developed markets into China, leveraging rising domestic demand. It is a lucrative strategy, but not necessarily a straightforward one
Southeast Asia's Lazada rockets past $700m mark
“We go in with a certain hypothesis of growth and revenue. Sometimes you’re not able to guess how the market will react. If the hypothesis is not confirmed within 3-6 months then we decide to pull out.”
India secondaries: Much heat, little light
India has yet to fulfil its potential as a direct secondaries market as buyers and sellers fail to agree on valuations. A revival in investor sentiment hasn’t helped matters, but patience may eventually pay off
Portfolio: Advent International and CARE Hospitals
A majority stake in CARE Hospitals has allowed Advent International into India’s fast-growing healthcare sector. Rather than blindly pursuing expansion, the PE firm is building a business tailored to local demand
India to remain a growth capital market, despite rise in buyouts - AVCJ Forum
Buyout deals are becoming more common in India but the country will continue to be a market for minority transactions, industry participants told the AVCJ India Forum.
Chinese personal finance app Wacai raises $50m
Hangzhou Wacai Science, a Chinese personal finance management mobile app developer, has raised $50 million in a Series B round of funding led by China Broadband Capital and CICC Capital, a PE arm of China International Capital Corporation.
China’s Fosun sweetens Club Med bid
A consortium led by China Fosun International has improved its offer for France-based Club Méditerranée (Club Med), valuing the vacation resort operator at EUR879 million ($1.12 billion).
Temasek leads $249m round for SE Asia-focused Lazada
Temasek Holdings has led a EUR200 million ($249 million) round of funding for Lazada, a Southeast Asia-focused online retailer set up by Germany’s Rocket Internet.
China New Oriental CEO launches $32m angel fund
Michael Yu, co-founder and CEO of New Oriental Education & Technology Group, has partnered with Xitai Shen, a former CEO of Huatai United Securities, to launch a RMB200 million ($32 million) angel investment fund.
VC-backed Chinese dating app set for $267m US IPO
Momo, a Chinese location-based social-networking app with several VC backers, will raise up to $266.8 million through a US IPO. The company has also agreed to sell shares to Alibaba Group and 58.com through a separate private placement.
China's AVIC Capital scraps plan to acquire Avolon
AVIC Capital, a subsidiary of aircraft manufacturer Aviation Industry Corporation of China, has been rebuffed in its attempt to acquire Avolon, an aircraft leasing company owned by several PE firms.
TPG exits China Grand Auto to Haitong-led group for $697m
TPG Capital will sell its stake in China Grand Automotive Services (CGA), the country’s leading car dealer, to an investor group led by Haitong International Securities Group for HK$5.4 billion ($697 million).
CHAMP PE-owned oOh! Media targets $141m Australia IPO
Australian outdoor advertising company oOh! Media, which is owned by CHAMP Private Equity, plans to raise A$166 million ($141 million) through an IPO.
Samyang named as SCPE partner in Korean packaging deal
South Korean conglomerate Samyang Corporation has emerged as Standard Chartered Private Equity’s (SCPE) in the acquisition of a packaging business from another conglomerate, Hyosung Corporation.
Financial technology accelerator launches in Singapore
Startupbootcamp FinTech, a Europe-based accelerator that focuses on financial technology, has launched an Asian program in Singapore.
Korean government’s Woori Bank sale flounders again
The South Korean government will make another attempt to sell its controlling stake in Woori Bank early next year following the collapse of the latest in a string of sale processes last week.
China online rental site Uoko.com raises $22m from VCs
A group of VC investors, including Matrix Partners, SIG China, Legend Capital and China Renaissance, have invested $22 million in a Series B round of funding for Uoko.com, a Chinese online rental operator.
AIA, Nest set up accelerator for Hong Kong start-ups
AIA Group has teamed up with early-stage investor Nest to form a Hong Kong-based accelerator that will support start-ups with technologies relevant to the insurance and healthcare industries.