Region
WestBridge takes minority stake in Indian snack foods producer
WestBridge Capital Partners has acquired 24.9% of DFM Foods, a leading Indian snack foods manufacturer best known for Crax Corn Rings.
JIP in talks to buy Sony's PC business – report
Japan Industrial Partners (JIP) is said to be in talks with Sony Corp. over the tech conglomerate’s loss-making personal computer division. It would be one of the country’s highest-profile corporate divestments and part of a business reorientation strategy...
IDG, Ascent invest in India's Newgen, Headland exits
IDG Ventures India and Ascent Capital have acquired a minority stake in Newgen Software Technologies, a Dehli-based business management services provider, for INR1.1 billion ($17.6 million). The investment facilitates the exit of Headland Capital Partners....
VC-backed JD.com targets $1.5b US IPO
Chinese online retailer JD.com, which has received $1.7 billion in venture capital and private equity funding in the last two years, is seeking to raise up to $1.5 billion through a US IPO.
Pantheon hires Jie Gong from Morgan Stanley
Global fund-of-funds manager Pantheon has appointed Jie Gong, formerly of Morgan Stanley Alternative Investment Partners, as a Hong Kong-based partner with a focus on China.
Matrix India leads Series B for Mswipe
Mswipe Technologies, a Mumbai-based mobile payment services provider, has raised a Series B round of funding led by existing investor Matrix Partners India. Axis Bank and DSG Consumer Partners also participated.
India to allow LBOs for distressed assets
Indian banks will be allowed to support leveraged buyouts of distressed companies by “specialized entities” according to plans released by the Reserve Bank of India. Under a liberalized regulatory regime for asset sales, sector-specific private equity...
PE consortium buys Aditya Birla Nuvo's BPO unit for $260m
An investor group led by Capital Square Partners and CX Partners has agreed to buy Aditya Birla Minacs Worldwide, a business process outsourcing (BPO) unit owned by Aditya Birla Nuvo (ABNL), for an enterprise value of $260 million.
Australia's Catalyst secures $245m Actrol trade sale
Catalyst Investment Managers has exited Actrol Group, a components and systems supplier to the heating, ventilation and refrigeration industry, to Reece Australia for A$280 million ($245 million).
Navis buys control of Hong Kong chemicals producer
Navis Capital Partners has acquired a controlling interest in Amazon Papyrus Chemicals Group, a Hong Kong-based chemicals manufacturer that supplies the paper and pulp industry.
Equis, Partners Group bet on Japanese solar
Japan's rapid embrace of renewable energy in the wake of the 2011 Fukushima nuclear disaster has alerted PE investors. In the last 12 months, Macquarie Capital and local engineering firm Maeda Corp. launched a joint venture that will target infrastructure...
CDH to close upsized Fund V at $2.55b
Speaking to AVCJ last year, Shangzhi Wu (pictured), chairman and managing partner of CDH Investments, addressed the issue of certain China managers’ fund sizes rising with each vintage. He put the phenomenon down to a combination of rising valuations,...
EQT's new fund goes global
The acquisition of a 65% stake in Qinyuan Bakery in 2010 was EQT Partners’ debut food service sector investment in China. Yet the deal was familiar territory for the GP, which was able draw on previous portfolio investments in Europe, including Vaasan&Vassan,...
India's IVFA backs ISS Hicare buyout
India Value Fund Advisors (IVFA) has partnered with Hicare founder A. Mahendran to acquire the pest control company from Danish multinational ISS Global. The deal, including primary growth capital, is worth INR2.5 billion ($39.7 million) and is expected...
GIC, Macquarie invest in Australian student accommodation
GIC Private and Macquarie Capital have formed a joint venture to acquire a majority stake in Australian student accommodation operator Iglu.
Ventureast leads $3m round in med-tech startup
OneBreath, which makes low-cost portable ventilators, has raised $3 million from the Ventureast Tenet Fund, Villgro, former OnMobile COO Rajiv Kuchhal and BVR Mohan Reddy, founder of Infotech Enterprises, among other investors.
Bull Capital invests in Singapore-based IT security specialist
Bull Capital has bought a 41.67% stake in i-Sprint Group, a Singapore-based IT security service provider owned by Automated Systems Holdings, for $9.85 million.
TPG, Carlyle assess exit options for Australia's Healthscope
Healthscope, an Australian hospital operator owned by TPG Capital and The Carlyle Group, looks set for an IPO that could generate proceeds of around A$4 billion ($3.5 billion).
IDG spin-out Banyan Capital raises $206m for China fund
Banyan Capital, a China-focused VC group that spun out from IDG Capital Partners, has closed its debut fund at $206 million. High net worth individuals – primarily the founders and CEOs of companies the team backed while at IDG – contributed more than...
LP interview: Axiom Asia
Axiom Asia has followed a consistent approach in backing small to mid-market country funds in the Asia Pacific region. Chihtsung Lam, the firm’s co-founder and managing partner, explains the strategy
RedMart fills Singapore's e-groceries void
When entrepreneur Steve Melhuish moved to Asia from the UK his wife was a prodigious online shopper, having grown accustomed to ordering her groceries from Ocado or Waitrose. While he made headway in Singapore’s internet space, launching realty portal...
VC firms back Irish start-ups in China
Led by the likes of Google, Facebook and LinkedIn, US tech companies have flocked to Ireland due to its EU access and business friendly policies, creating around 140,000 local jobs in the process. This has fostered spin-outs and serial entrepreneurs across...
Vertex backs FirstCry's O2O e-commerce push
Indian baby and kids-focused e-commerce site FirstCry.com was not the first mover in its segment when it launched in 2010. Kalaari Capital-backed HushBabies and Babyoye, an Accel Partners and Tiger Global portfolio company, were among those already operating...
Tempting offers: Australian IPOs
Following a prolonged drought, Australia has seen a recent spike in private equity-backed IPOs. Is this a flash in the pan or are public market exits on the cusp of a sustained comeback?