Region
Korean outbound M&A: Satisfied partners?
Korea’s National Pension Service wants private equity to help local corporates expand overseas. Three years after its inception, the Corporate Partnership Fund has yet to prove it is the answer
Q&A: Morgan Stanley PE Asia's Michael Chung
Michael Chung, Seoul-based managing director with Morgan Stanley Private Equity Asia (MSPEA), discusses the intricacies of buying businesses from local conglomerates – and the prospects for exits via trade sales and IPOs.
China stem cell storage firm launches $813m M&A fund
Zhongyuan Union Stem Cell Bio-engineering, a Chinese stem cell storage service operator, has partnered with China Yinhong Capital to launch an industry M&A fund with a target of RMB5 billion ($813 million).
China caliper maker Guilin Guanglu raises $115m from PE
Guilin Guanglu Measuring Instrument, a Chinese electronic digital caliper maker, plans to raise RMB710 million ($115 million) from four domestic private equity firms.
VC-backed Xunlei to buy storage business from Kingsoft
Xunlei, a Chinese file-sharing service backed by a string of VC firms, will pay $33 million to acquire a personal storage business unit owned by Kingsoft Corporation.
OrbiMed commits $15m to China's GC-Rise Pharma
OrbiMed has committed $15 million in Series B funding to GC-Rise Pharmaceutical, a Chinese healthcare services provider.
Tencent pumps $70m into China healthcare networking site
Tencent Holdings has invested $70 million into dxy.com, a Chinese networking and information-sharing site for healthcare professionals
China Exim Bank fund agrees $406m Poland wind farm JV
The China-CEE Fund, a $500 million vehicle backed by China Exim Bank that invests in Central and Eastern Europe, will partner Israel’s Enlight Renewable Energy to buy a controlling interest in two Polish wind projects for up to PLN1.3 billion ($406 million)....
China's Baidu backs Finland-based indoor mapping start-up
Chinese internet giant Baidu has agreed to invest $10 million in IndoorAtlas, a VC-backed Finnish software developer that specializes in indoor mapping.
KKR loses India private equity head
Heramb Hajarnavis, a director and leader of KKR’s private equity business in India, is leaving the firm to pursue other opportunities.
KKR completes full exit from China Modern Dairy
KKR has fully exited China Modern Dairy after a six-year holding period. The PE firm only held a small minority stake in the business, having made a substantial exit to China Mengniu Dairy last year.
Australia's Future Fund promotes infrastructure head to CIO
Australia’s Future Fund has appointed Raphael Arndt as chief investment officer. He was previously head of infrastructure and timberlands with the sovereign wealth fund.
Navis completes buyouts in Australia, Singapore
Navis Capital Partners has completed two buyouts, acquiring Singapore-based pipe cladding manufacturer Cladtek and Australian casual dining chain operator and franchisor Dôme Coffees Australia.
Chengwei invests $20m in Chinese drone manufacturer
Chengwei Capital Partners has invested $20 million in a Series A round of funding for XAircraft Aerial Solutions, a Chinese multi-rotor and drone maker.
GIC to set up $247m realty JV with India's Brigade Group
Singapore sovereign wealth fund GIC Private has agreed to set up a joint venture with India's Brigade Group to focus on residential real estate investments.
Fosun VC provides Series B for Chinese personal finance app
Fosun Venture Capital Investment, a VC arm of Fosun Group, has invested in a Series B round of funding for Feidee.com, Beijing-based personal finance management website, with participation from existing investor Sequoia Capital.
Banyan Capital invests $10m in Chinese air purifier firm
Banyan Capital has committed $10 million in Series A funding to Three Daddies, a Chinese air purifier maker.
Polaris pays $86m for Japanese all-you-can-eat chain
Japanese mid-market buyout firm Polaris Capital has bought a 100% stake in all-you-can-eat restaurant chain Edoichi.
Taiwan's Acer to launch $34m VC fund
Taiwanese computer maker Acer has established a NT$1 billion ($33.5 million) venture capital fund to invest in start-ups, with a view to strengthening the group’s technology development as well as generating financial returns.
Affinity invests $314m in Virgin Australia frequent flyer business
Affinity Equity Partners will pay A$336 million ($314 million) for a 35% interest in Virgin Australia’s frequent flyer program in a move that allows the airline to shore up its balance sheet.
India messaging app raises $65m in Tiger Global-led round
Tiger Global has led a $65 million investment in Hike, the Indian mobile message app.
China's Zai Lab raises $30m Series A round
Qiming Venture Partners has led a $30 million Series A round of funding for Zai Lab, a Shanghai-based biotech drug developer, with participation from KPCB, Sequoia Capital and TF Capital.
FountainVest buys majority stake in US-based Key Safety Systems
FountainVest Partners has acquired a controlling interest in Key Safety Systems (KSS), a US-based auto components manufacturer that has considerable exposure to China. Canada Pension Plan Investment Board (CPPIB) is participating as a co-investor.
Forum Syneriges leads Series C round for India's Attero
Forum Synergies has led a $15 million Series C round of funding for Attero, India’s largest electronic asset management company.