Region
Alibaba to buy majority stake in Tencent, VC-invested ChinaVision
Alibaba Group has agreed to buy 60% of Hong Kong-listed ChinaVision Media Group - in which rival Tencent Holding and VC firm Sequoia Capital are current shareholders, for HK$6.24 billion ($804 million).
GREE, Transcosmos back Singapores's Luxola
Singapore-based online beauty store Luxola has raised $10 million in a Series B round of funding led by Japanese e-commerce services firm Transcosmos with existing backer Gree Ventures.
FidelisWorld invests in India sports management firm
FidelisWorld Asset Management (FAM) - an Indian GP focusing on sports, media and entertainment - has bought a significant minority stake in Technology Frontiers India (TFI), a Chennai-based sports management firm.
IDG joins $6m round for Finnish mobile game developer
Next Games, a Finnish mobile gaming developer, has raised $6 million Series A round co-led by IDG Ventures and existing investor Jari Ovaskainen, followed by China’s IDG Capital Partners and US VC firm Lowercase Capital.
PE-backed Prime Focus to acquire Dax
India's Prime Focus Technologies (PFT), a unit of PE-backed movie effects and entertainment company Prime Focus, is to acquire DAX, a developer of a cloud-based workflow software-as-a-service (SaaS) for the media industry, for $9.1 million.
Templeton reaches final close on fourth emerging markets fund
Franklin Templeton has reached a final close of more than $220 million on its latest emerging markets fund. The vehicle, which launched in March 2012 with a target of $300 million, has already made three investments.
Q&A: Creador's Brahmal Vasudevan
Creador is in the process of raising its second fund, which has a target of $250 million, to be deployed in Indonesia, Malaysia and India. CEO Brahmal Vasudevan explains where the firm is investing and why
Indonesia acquisition finance: Squeezed at the margins
With bumper LBOs few and far between, banks see limited opportunities for leveraged finance in Indonesia. And in the prevailing economic climate, they aren’t generous at acquisition or operating company level
Indonesia VC: Lucrative clicks
E-commerce has emerged as the star of Indonesia’s expanding start-up space. Early-stage investors are scrambling to fill their shopping carts, but you have to pick the right spots and deploy the right resources
Indonesia macro: Tipping point?
Indonesia appears to have weathered the worst of its recent economic storms, but the route towards long-term sustainable growth has yet to be mapped out. PE investment theses rely on sensible navigation
Beyond the tapering terror
Limited partners around the globe are now returning to private equity opportunities in developed Western markets, especially those of the US, a number of recent surveys indicate. Asian private equity, and Southeast Asia in particular, has fallen a few...
Hony, TPG Growth invest in film studio
Hony Capital and TPG Growth, a middle market and growth equity investment arm of TPG Capital, have partnered with Hollywood producers Robert Simonds and Gigi Pritzker to set up a film studio.
CyberAgent leads $12m round for Korean food delivery app
Japan's CyberAgent Ventures has been joined by previous investors Altos Ventures, IMM Investment and Stonebridge Capital for a $12 million investment in Woowa Bros, the start-up behind Korean food delivery app Baedalui Minjok.
GF Securities, Alpha Animation launch China media fund
GF Xinde Investment, an investment arm of Chinese broker GF Securities, has established a RMB100 million ($16 million) PE fund with Shenzhen-listed toy maker Guangdong Alpha Animation and Culture. It will invest in internet and media companies.
INCJ-backed Japan Display IPO prices at bottom of range
Japan Display, the world's biggest maker of screens for tablets and smart phones, has priced its IPO at the bottom of indicative range following a lukewarm response from overseas investors.
Shenzhen Capital leads $10m round for wearables maker
Shenzhen Capital has led a RMB60 million ($10 million) Series B round of funding for Codoon, a Chinese manufacturer of wearable electronic devices, with participation from CITIC Capital.
Korean sovereign fund KIC appoints new CIO
Korea Investment Corporation (KIC) has appointed Heung-Sik Choo, formerly director general at Bank of Korea’s reserve management group, as its new CIO. He replaces Dong-Ik Lee, who resigned in January.
TPG eyes quick return from Inghams property sale
TPG Capital is planning to sell a portfolio of real estate assets held by Inghams Enterprises that could more than cover the equity commitment it made when buying the Australian poultry producer last year.
Australia's CHAMP PE seeks London listing for Shelf Drilling
Shelf Drilling, a shallow water drilling services company set up by Australia’s CHAMP Private Equity in conjunction with its US affiliate Castle Harlan and Lime Rock Partners, plans to list on the London Stock Exchange in May.
Tencent to buy 15% stake in JD.com ahead of IPO
Tencent Holdings has agreed to take a 15% stake in JD.com, China’s second-largest B2C e-commerce platform - which is backed by several venture capital and private equity firms - for $214.7 million.
China's Hainan Haiyao to invest $20m in pharma-focused JV
China’s Hainan Haiyao, a Shenzhen-listed drug maker and distributor, plans to invest RMB122 million ($20 million) in a pharma-focused joint venture with several venture capital firms.
INCJ invests $6m in copper paste business
The Innovation Network Corporation of Japan (INCJ) has invested JPY600 million ($6 million) in Material Concept, a manufacturer of copper paste for use in electrical components and solar panels. Daiwa Corporate also invested an undisclosed amount in the...
Japan's Globis re-ups in UK educational app developer
Globis Capital Partners, the Japanese venture capital firm, has returned to lead a GBP3.4 million ($5.8 mllion) Series B round for Quipper, a UK company that develops educational mobile applications.
SBI education fund backs China's Tutor Group
TutorGroup, a China-based online education platform that recently raised $100 million in Series B funding, has added SBI Group as a strategic investor.