Region
Fosun-led consortium acquires 30% stake in China express firm ZJS
A consortium led by Fosun International has acquired a 30% stake in Chinese delivery service provider Zhaijisong (ZJS) Express for an undisclosed sum.
JFDI.Asia launches fifth start-up batch
Singapore-based start-up accelerator JFDI.Asia has launched the fifth batch of its program which will include 12 new companies.
Navis agrees $220m sale of engineering business Trio
Southeast Asian GP Navis Capital Partners has exited Trio Engineered Products, a Chinese-American maker of industrial processing equipment to UK-listed engineering firm Weir Group for $220 million.
Ex-Avenue, CLSA executives seek $200m for Asia healthcare fund
Three executives from Avenue Capital, CLSA Capital Partners and VC firm Dinova Capital have teamed up to launch a $200 million mid-cap fund that will make healthcare investments in Asia.
China's Suning sells stores to CITIC Goldstone for $655m
Suning Commerce Group, China's leading home appliance retailer, has sold 11 stores to CITIC Securities’ direct investment arm Goldstone Investment for RMB4.01 billion ($655 million).
Jiuding-backed Sino Great Wall lists in Shenzhen via reverse merger
Sino Great Wall International, a Chinese interior decorating contractor backed by JD Capital, plans to list on the Shenzhen Stock Exchange through a reverse merger with Victor Onward Textile Industrial.
India's Snapdeal set for $650m funding round – report
Indian e-commerce business Snapdeal is expected to raise up to $650 million in a new round of funding lead by Japan's SoftBank Corporation with existing investors also participating.
Bain buys Chinese financial leasing business
Bain Capital has acquired an 80% interest in China-based Lionbridge Financial Leasing. It is the private equity firm's first investment in China's financial services sector.
Chinese consortium, Benchmark in $70m US education play
Chinese after-school tutoring provider TAL Education Group has teamed up ZhenFund, Yongjin Group and Silicon Valley VC firm Benchmark Capital to invest in an undergraduate education business in the US.
Q&A: SOS Ventures' William Bao Bean
William Bao Bean has left Singtel Innov8 for a new role as investment partner of SOS Ventures in China and managing director of the firm's accelerator program. He shares his thoughts on the China start-up scene
3Q analysis: The IPO genie
Real and paper windfall for PE investors in Alibaba spurs exit environment; the latest round of fundraising for pan-regional mega vehicles draws to a close; growth capital dominates the investment numbers
China online finance: Money to the masses
The rise of peer-to-peer lending businesses in China is good for small companies that can't get bank financing and VC firms looking to ride the next wave. But concerns remain over regulation and reliability
India's Lightbox reaches $100m close on Fund II
Indian venture capital firm Lightbox Management has reached a INR6.1 billion ($100 million) close on its second fund.
Former Carlyle, TPG executives plan $500m India fund
Rajeev Gupta, formerly of The Carlyle Group, and Amol Jain, previously of TPG Capital, are launching a new PE fund that will focus on mid-market buyout opportunities in India.
Levin Zhu resigns as CEO of CICC
Levin Zhu, son of former Chinese premier Zhu Rongji, has resigned as CEO and chairman of the management in China International Capital Corporation (CICC) after 16 years.
DCM raises $170m China top-up fund, wins SFERS backing
The San Francisco Employees' Retirement System (SFERS) has committed $25 million to a China-focused venture capital fund being raised by DCM that will make follow-on investments in later-stage portfolio companies.
Bain leads $18m investment in Korean car-sharing service
Bain Capital has led a KRW18 billion ($18 million) Series A round of funding for Socar, a Korean car sharing company.
SoftBank to buy VC-backed online video site DramaFever
Japanese telecom giant SoftBank has agreed to buy DramaFever, a streaming video service that specializes in Korean TV shows and movies. Financial details were not disclosed.
CyberAgent, Mizuho back Japan venue rental marketplace
CyberAgent Ventures and Mizuho Capital have together invested JPY100 million (about $1 million) in SpaceMarket, a Japanese online platform that lists vacant spaces that users can rent for corporate events such as meetings and training courses.
Navis makes Modern Star education play
Just over a year ago, Navis Capital Partners bought Australian childcare services provider Guardian Early Learning from fellow PE investor Wolseley Private Equity for A$120 million ($110 million). The idea then was to anticipate the rise in the demand...
Bain serves up Skylark in Tokyo IPO
When Bain Capital bought Skylark in 2011, the restaurant operator was going through one the rougher patches of its 40-year history. A dysentery outbreak had forced the closure of 120 outlets, further delaying a transaction that had already been on hold...
Hahn & Co in $900m first close on second Korea fund
South Korean GP Hahn & Co – which was founded by Scott Hahn, formerly CIO of Morgan Stanley Private Equity Asia (MSPEA) – has reached a first close of approximately $900 million on its second fund.
PayU acquires VC-backed Indian payments start-up
Online payment solutions provider PayU India has acquired Cobboc, the VC-backed start-up behind mobile payments app Eashmart.
Shaw Kwei to support German manufacturer in China expansion
Shaw Kwei & Partners has invested $40 million in German equipment manufacturer Schmid Group to support the company’s expansion domestically and in China.