Region
Qiming hires ex-GGV partner to cover consumer internet space
Qiming Venture Partners has hired Helen Wong, formerly of GGV Capital, as a partner with responsibility for investment in the internet and consumer sectors. The move comes a few months after her predecessor in the role, Hans Tung, left Qiming for GGV....
Canara Bank targets $81m for sixth India VC fund
Canbank Venture, a subsidiary of India’s Canara Bank, plans to start fundraising in April for its sixth VC fund, with a target of INR5 billion ($81.6 million).
Sequoia leads $13m investment in India's BankBazaar.com
Sequoia Capital has led a $13 million round of investment in Indian financial services portal BankBazaar.com. Walden International, which invested $6 million in the company in 2011, also participated in the round.
Creador takes minority stake in India's Somany Ceramics
India and Southeast Asia-focused GP Creador will buy about 11% of listed tile and sanitary ware maker Somany Ceramics for INR499.9 million ($8.1 million).
Cloud billing platform ChargeBee gets Series A backing from Accel
Accel Partners has led an $800,000 Series A round of investment in ChargeBee, an Indian start-up that helps companies manage their subscription billings.
CVC to acquire $200m stake in China education company – report
CVC Capital Partners is said to be investing around $200 million in Chinese education company EIC Group, buying shares from the founder and existing investor Actis Capital.
Indonesia's Bakrie group leads $25m Path round
Indonesian conglomerate The Bakrie Group has reportedly led a $25 million Series C round of funding for Path, a San Francisco-based social network platform. Existing investors also participated in the round, including Greylock Partners, KPCB, Index Ventures,...
KKR backs FIWA acquisition of CHAMP-owned Centric Wealth
KKR’s credit unit, KKR Asset Management, is partnering with Australia’s Financial Index Wealth Accountants (FIWA) in its takeover bid for CHAMP Private Equity-owned high net worth financial advisory Centric Wealth. KKR will provide acquisition funding...
Japan and India to launch joint investment fund
Japan and India are to launch a joint investment fund to help finance Japanese companies operating in India.
Platinum buys Australia directories business Sensis
US private equity firm Platinum Equity has reached an agreement with Telstra Corporation, Australia's biggest phone company, to acquire a 70% stake in its directories business Sensis for A$454 million ($407.17 million).
Milestone Capital invests in China animation producer Joyworks
China-focused Milestone Capital has invested in a Series A round of financing for Peking Joyworks Culture and Media, a Beijing-based online animations and comics producer. The specific investment amount was not disclosed but the company said it was tens...
Fosun pays $1.36b to buy Portugese insurer Caixa
China's Fosun International has acquired an 80% stake in Caixa Seguros e Saúde (CSS), the insurance unit of Portugese state bank Caixa Geral de Depositos SA for EUR1 billion ($1.36 billion), beating out Apollo Management International.
Accel, Cisco invest $2m in MobStac Series B round
Bangalore-based start-up MobStac has raised $2 million in Series B funding from Cisco and existing investor Accel Partners.
Trustbridge leads $130m Series A for China P2P lending platform
Shanghai-based Trustbridge Partners has led a $130 million Series A round of financing for China online peer-to-peer (P2P) lending platform Renrendai.com. The company claims this is the largest transaction ever globally in this sector.
Apollo holds $18.4b final close on global Fund VIII
Apollo Global Management has held a final close on its flagship global fund - Apollo Investment Fund VIII - at $18.4 billion, the largest of its kind since the global financial crisis.
Adveq appoints new Asia head
Swiss fund-of-funds Adveq has promoted Viswanathan Parameswar to executive director and chosen him to head the firm's Asia program.
Indiareit raises $160m domestic property fund
Piramal Enterprises’ Indiareit Fund Advisors has reached a final close of INR10 billion ($160.5 million) on its fifth domestic fund.
India's Milestone Capital gets new real estate CEO
India's Milestone Capital Advisors has named Alok Aggarwal as managing partner and chief executive officer of its real estate business.
Quvat-backed Blitzmegaplex targets Indonesia IPO
Blitzmegaplex, an Indonesian movie theater chain backed by Quvat Management, is targeting an IPO in the first quarter of 2014 as it seeks to raise capital for expansion.
Korea sovereign fund's CIO resigns
Dong-Ik Lee, the CIO of Korea Investment Corporation (KIC), has resigned. This comes less than three months after Chong-Suk Choi, president and CEO of the sovereign wealth fund, resigned for personal reasons.
OCBC launches $100m QFLP fund in Shanghai
OCBC Bank has launched a $100 million private equity fund under the Shanghai Qualified Foreign Limited Partner (QFLP) pilot program. The vehicle should make it easier for Singaporean lender to invest in domestic Chinese companies as it aims to develop...
Facebook buys VC-backed Indian start-up Little Eye Labs
Facebook has acquired Ventureast and GSF Superangels-backed start-up Little Eye Labs, reportedly paying around $15 million for the Android app optimizer.
Omaha Capital leads $30m round for China jewelry maker
Hong Kong-based Omaha Capital has led a $30 million Series C round of funding for Bloves, a Shenzhen-based manufacturer of customized wedding rings.
Lightspeed leads Series B for China cloud services provider
Lightspeed China has led a $20 million Series B round of funding for Chinese cloud services provider QingCloud. Matrix Partners and existing investor BlueRun Ventures also participated.