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Profile: Globis Capital Partners' Yoshito Hori
From bust to boom, Yoshito Hori, CEO and founder of Globis Capital Management, has spent 20 years investing in Japanese VC - a story that is as much about education as it is capital
CITIC Capital finally bags AsiaInfo take-private
Private equity firms have supported 11 management buyouts of Chinese firms listed in the US since mid-2011. Until last week, only two of these successful transactions - Funtalk China and Focus Media - were control buyouts, where one or more PE backers...
KKR, Affinity in Asia's largest-ever trade sale
Anheuser-Busch InBev's $5.8 billion buyback of South Korea's Oriental Brewery from KKR and Affinity Equity Partners is best viewed in the context of extenuating circumstances in which the original investment was made in July 2009.
China IPOs: Incremental benefits
China’s securities regulator has introduced a registration-based IPO system designed to offer greater transparency. However, this does not mean an end to intervention in public markets processes.
Everstone-Realterm JV closes second IndoSpace Logistics fund at $330m
Indian industrial real estate and warehousing facilities developer IndoSpace, has closed its second fund at $330 million, exceeding its target size at $300 million. IndoSpace is a joint venture between the Everstone Group and Canada-based Realterm Global.
EQT reaches $1.4b close on mid-market fund
EQT Partners has reached a final close of EUR1.1 billion ($1.48 billion) on its EQT Mid Market fund, which will focus on middle market buyouts and growth equity investments in Greater China, Southeast Asia and Northern Europe.
Japan Industrial Partners eyes $666m Biglobe deal - report
Japan Industrial Partners (JIP) could acquire Biglobe, Japan's fourth-largest internet service provider (ISP) by number of customers, from IT giant NEC in a deal worth JPY70 billion ($666 million).
Cogent promotes Jeffery Reece to director in Shanghai
Cogent Partners, a secondary market-focused investment bank, has promoted Jeffrey Reece to director in Shanghai.
Saif invests $30m in China fashion platform
Saif Partners China has committed $30 million in a Series C round of funding for Yoho, an online fashion magazine and e-commerce platform.
Tokio Marine invests $9.5m in furniture maker Asplund
Tokio Marine Capital has acquired a majority stake in Japanese furniture maker Asplund for around JPY1 billion ($9.5 million).
Japanese VCs invest $1.5m in ad platform Logly
Voyage Ventures, Mizuho Capital, SMBC Venture Capital and strategic investor CA Mobile have together invested JPY120 million ($1.15 million) in Logly, a Japan-based start-up running an internet ad platform.
SC Lowy, Yuil PE buy Korea’s Shinmin Mutual Savings Bank
Hong Kong-based investing and trading firm SC Lowy has teamed up with a South Korean private equity fund known as Yuil PE to buy Shinmin Savings Bank. The institution’s name will change to Choeun Mutual Savings Bank.
China's WestSummit raises $325m across two tech funds
Beijing-based growth capital firm WestSummit Capital has raised $325 million across two funds, comprising $225 million for West Summit’s Fund II and $100 million for its China Ireland Technology Growth Capital Fund.
TPG appoints Khazanah's Ganen Sarvananthan as Asia partner
TPG Capital has appointed Ganen Sarvananthan, former executive director and head of investments at Malaysian sovereign wealth fund Khazanah, as a partner and managing director with its Asian business.
Carlyle completes partial exit from HK-listed Haier Electronics
The Carlyle Group has raised around $285 million after selling part of its stake in Hong Kong-listed appliance maker Haier Electronics Group.
Accel, Tiger Global invest $10.3m in India's CommonFloor
Accel and Tiger Global have upped their stake in Indian online real estate portal CommonFloor, together investing an additional INR640 million ($10.3 million) in the company.
China game developer Linekong secures $80m Series C round
China online gaming developer Linekong has raised $80 million Series C round of funding led by Fosun International. Other investors include Orchid Asia, Starwish Global, SAIF Partners and Profitable Century International.
Hamilton Lane adds two senior Asia professionals
Hamilton Lane has added two senior professionals to its Asia team, appointing Mingchen Xia as principal on the fund investment team and Yen Li Chew as vice president within its business development group - both will be based in Hong Kong.
Nalanda ups stake in Lovable Lingerie
Singapore-based Nalanda Capital has bought a further 3.73% stake in listed Indian undergarment maker Lovable Lingerie, taking its total holding to 8.79%.
Chinese industry group announces PE registration rules
The Asset Management Association of China (AMAC), a group set up by the China Securities Regulatory Commission (CSRC), has announced rules addressing domestic private equity firms' record management, operational standards and information disclosure.
Inventus closes Fund II at $106m
Inventus Capital Partners has reached a final close on its second fund at $106 million, exceeding the $100 million target.
Hao Capital makes $80m partial exit from Pax Technology
Hao Capital has made another partial exit from electronic payment systems provider Pax Technology, selling a 15.1% equity stake for around $80 million through a block trade. The private equity firm has now realized $100 million on an original investment...
MSPEA-backed Feihe International buys Alf Beta Dairy
Feihe International, a Chinese infant formula and milk power producer backed by Morgan Stanley Private Equity Asia (MSPEA), has acquired industry peer Jilin Alf Beta Dairy.
KKR, Affinity exit Oriental Brewery to AB InBev for $5.8b
KKR and Affinity Equity Partners have agreed to sell South Korea’s Oriental Brewery to Anheuser-Busch InBev for $5.8 billion. The money multiple is more than 5x, sources close to the deal said.