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CDH investee Greenland to go public via reverse merger in Shanghai
Greenland Holdings, a Shanghai city government-owned property developer backed by CDH Investments and other PE firms, intends to list on the Shanghai Stock Exchange through a reverse merger with Jinfeng Investments.
50 China PE firms win licenses from AMAC
The Asset Management Association of China (AMAC), a group set up by the China Securities Regulatory Commission (CSRC), has issued licenses to the first batch of 50 private equity firms in China, allowing them to legally offer asset management products....
Tencent leads round for Chinese rural e-commerce site
Tencent Holdings and Taiwan-based semiconductor manufacturer MediaTek have led a round of funding - reportedly worth more than $200 million - for Mmb.cn, a Chinese mobile e-commerce platform catering to rural consumers and urban migrants. Existing investor...
Placement agent Monument Group opens in Hong Kong
Monument Group, a Boston-headquartered placement agent with a presence in the US and UK, has expanded into Asia, with a Hong Kong office now in operation. A Tokyo base will follow later this year.
Temasek tables $2.1b bid for full ownership of Olam
A consortium led by Singapore sovereign wealth fund Temasek Holdings has offered to pay $2.1 billion to take full ownership of agricultural commodity trading conglomerate Olam International. The consortium already owns a 52.5% stake in the firm.
India Value Fund Advisors buys NBHC for $39m
India Value Fund Advisors (IVFA) has agreed to buy commodities and collateral management business National Bulk Handling Corporation (NBHC) from Financial Technologies India (FTIL) for INR2.42 billion ($39.5 million).
Baring Asia, Hony agree Giant Interactive take-private
Chinese online game developer Giant Interactive has accepted a buyout offer from a consortium including Baring Private Equity Asia, Hony Capital and company management. It values the New York Stock Exchange-listed business at approximately $2.9 billion....
PE-backed Alibaba confirms US listing
Private equity-backed Chinese e-commerce giant Alibaba Group has decided to go public in the US, ending months of speculation.
Unison Capital targets $581m for Japan fund
Japanese mid-market buyout firm Unison Capital is targeting JPY60 billion ($581 million) for its fourth Japan fund. The fund - which launched in early February - is scheduled for a first close by the summer.
Ceyuan leads $10m Series A for China bitcoin exchange
Ceyuan Ventures has led a $10 million Series A round of funding for OKCoin, which claims to be the China’s largest bitcoin exchange by trading volume. Mandra Capital and existing backer VenturesLab also participated.
PE-backed Manappuram acquires Jaypee Hotels NBFC
Manappuram Finance, a listed non-bank financial company (NBFC) backed by Baring Private Equity India and India Equity Partners (IEP) among others, is to acquire Milestone Home Finance Company - a unit of Jaypee Hotels - for an undisclosed amount.
Yunfeng seeks $1b for second China tech fund
Yunfeng Capital, a Chinese private equity firm established by Jack Ma and David Yu, founders of Alibaba Group and Target Media, respectively, is raising around $1 billion for its second fund. A first close of $600 million came last year and a final close...
IAN leads round for speech software firm Uniphore
Indian Angel Network (IAN) has led a round of investment for India's Uniphore Software Systems, a company that develops Indian language speech recognition software.
VC-backed E-House plans US listing for subsidiary Leju
E-House, a Chinese real estate service agency backed by several VC and internet strategic investors, is preparing a US IPO for its wholly-owned subsidiary Leju Holdings that could raise up to $200 million.
Hao completes Pax Technology exit for 4.7x return
Hao Capital has fully exited Chinese electronic payment systems provider Pax Technology, selling its remaining 7.6% stake in the Hong Kong-listed company for $44 million through a block trade. The investment has generated a gross multiple of 4.7x.
NGP leads $10m round for China online food ordering platform
Nokia Growth Partners (NGP) has led a $10 million Series B round of funding for Meican.com, a Chinese food ordering platform, with participation from KPCB China.
Jafco-backed EnBio raises $7.2m in Toyko IPO
EnBio, a Japanese soil decontamination business backed by Jafco, saw its stock open at JPY1311 - a 126% premium on the offering price - on its first day of trading. The company, which listed the Mothers (market of the high-growth and emerging stocks)...
Kerogen makes Asia oil and gas play, eyes Fund II
Kerogen Capital has invested A$30 million ($27 million) in Twinza Oil, which has oil and gas interests in Australia, Papua New Guinea and Thailand. The energy-focused GP is also said to be preparing to launch its next fund later in the year.
Alibaba, CBC invest $20m in China travel portal Byecity
Alibaba Group and China Broadband Capital (CBC) have committed $20 million in Series B funding for outbound travel platform Byecity.com.
Kinnevik leads $90m round for India's Quikr
Swedish early stage investor Investment AB Kinnevik has led a $90 million round of funding for Indian classifieds platform Quikr.
China's E-House forms JV with Yunfeng, Sequoia, Sina
E-House, a Chinese real estate service agency, has formed a property-oriented financial services joint venture with internet firm Sina Corporation, Sequoia Capital China, and Yunfeng Capital.
Former Baidu COO David Zhu joins GGV Capital
David Zhu, former chief operating officer of Chinese internet giant Baidu, has joined GGV Capital as a partner.
Mayfield re-ups in India's Securens - report
US-based venture capital firm Mayfield is investing another $6 million in Indian online alarm systems provider Securens Systems.
L Capital buys majority stake in luxury restaurant operator
L Capital Asia, the private equity firm backed by luxury goods conglomerate LVMH, has bought a 51% stake in Ku Dé Ta Group, a restaurant and club operator with interests in Singapore and Thailand.