Region
Baring Asia adds leverage to Hexaware acquisition
HT Global IT Solutions Holdings, an affiliate of Baring Asia, has pledged its entire stake in Indian business processing outsourcing (BPO) firm Hexaware Technologies with Standard Chartered Bank to help pay for its acquisition.
BootstrapLabs launches Korea accelerator
Silicon Valley-based accelerator program BootstrapLabs, and Coolidge Corner Investment (CCVC), a Korean technology venture firm, have together formed BootstrapAccelerator Korea, a Seoul-based six-month accelerator program.
Southern Capital offers $111m for Malaysian university operator
Southern Capital Group (SCG) has made a buyout offer for HELP International Corp, a listed Malaysian university operator, valuing the company at MYR359.3 million ($111.4 million). Should the offer be successful, HELP would be taken private.
APN agrees to exit advertising JV to Quadrant
APN News & Media has agreed to exit its interest in advertising business APN Outdoor to joint venture partner Quadrant Private Equity for A$69 million ($66.5 million).
Baring Asia named Firm of the Year at AVCJ India Awards
Baring Private Equity Asia was named Firm of the Year at the 2013 AVCJ India Awards, while SAIF India’s Ravi Adusumalli won the Private Equity Professional of the Year honor and KKR took the PE Deal of the Year prize.
Indian GPs emphasize value-add - AVCJ Forum
Operational involvement is increasingly a priority for Indian private equity firms as new money slowly trickles into country-focused funds, GPs said at the AVCJ India Forum.
PE-backed China Cinda prices HK IPO at top of range - report
China Cinda Asset Management, a company originally set up to absorb non-performing loans (NPLs) from China’s Big Four state-owned banks, has priced its IPO at the top end of the indicative range and is on course to raise $2.5 billion. It will be Asia’s...
PE-backed Nine raises $577m in Australia IPO
Australia's Nine Entertainment - which was saved from receivership by US hedge fund backers Oaktree Capital Group and Apollo Global Management - has raised A$631 million ($576.45 million) after pricing its IPO at the bottom end of the indicative range....
Jafco Asia leads Series B round for US games developer
Japanese venture capital investor Jafco Asia has led a Series B round of funding for US games developer Playnery. The value of the transaction was not disclosed.
Tokio Marine sells Barneys Japan stake to 7 Eleven parent
Tokio Marine Capital Partners has agreed to sell its 49.9% stake in luxury department store operator Barneys Japan to Seven & i Holdings, the parent of 7 Eleven convenience stores and department store operator Sogo & Seibu, for around JPY6 billion ($58...
CITIC Capital, Windjammer buy US valve manufacturer
CITIC Capital Partners has teamed up with US-based Windjammer Capital Investors to buy Engineered Controls International (ECI), a manufacturer of valves used in the transportation and storage of liquefied petroleum gas (LPG) and liquefied natural gas...
Korea to broaden retail exposure to domestic private equity
South Korean regulators will make it easier for domestic retail investors to participate in private equity as part of a series of reforms designed to boost the country’s capital markets.
Anchorage-backed Dick Smith closes flat after $311m IPO
Shares in Australian electronics retailer Dick Smith Holdings, which is backed by Anchorage Capital Partners, gained 3.6% on their trading debut on Wednesday before settling back to A$2.20, the same as the IPO price. The offering earlier raised A$344.5...
Online fashion retailers Zalora, The Iconic raise $112m
Rocket Internet’s Zalora Group has raised $112 million in funding from US-based Access Industries, Scopia Capital Management and other unnamed institutional investors. Southeast Asia-focused Zalora.com and Australia’s The Iconic are part of Zalora Group....
Japan's Ride On Express raises $23m in Tokyo IPO
Ride On Express, a Japanese food delivery franchise operator backed by Jafco Ventures, saw its stock open at JPY3105 per share - a 55% premium on the offering price - on its first day of trading. The company earlier raised JPY2.3 billion ($22 million)...
SDCL launches $200m UK-China energy efficiency fund
UK-based Sustainable Development Capital LLP (SDCL) has teamed up with with Hong Kong private equity infrastructure firm First Eastern Investment Group to launch a $200 million fund that will invest in energy efficiency projects in the UK and China.
Chinese investment in North America jumps in 2013 – study
Chinese outbound direct investment (ODI) reached $73 billion during the first three quarters of 2013, with the amount of capital deployed in North America rising nearly three-fold on a year-on-year basis, according to A Capital, a private equity firm...
TVS adds to investment team, advisory board
TVS Capital has added to its senior management team by hiring Karthik Ranganathan, formerly of Baring Private Equity Partners India and ex-Ashmore Alchemy India investments director Rahul Deshpande. Both will join the firm's investment team as executive...
Kroll in tie-up with India's BMR
Global advisory firm Kroll has formed an alliance with India's BMR Advisors to offer investigative and due diligence services in the country.
Portfolio: EQT Partners and Japan Home Centre
In 2010 Japan Home Centre was already a successful domestic brand but to realize its IPO ambitions it needed the right partner to guide it through a period of rapid expansion – EQT Partners
VCs to take Kingsoft across borders, platforms
Hong Kong-listed software developer Kingsoft is not in desperate need of capital. It posted a net profit of RMB466.4 million ($76.6 million) in 2012, up 39% year-on-year, and its cash reserves stood at RMB2.4 billion for the year. Furthermore, in July...
KKR agrees capital injection
Before agreeing to invest $200 million in India's Gland Pharma, KKR looked at a couple of opportunities in the injectable drugs space in the US and another in India over a period of several years. The PE firm has a long-standing interest in the industry...
Asia Awards: VC Professional of the Year – Richard Liu
Richard Liu has spent 14 years investing in tech, media and telecom for Morningside Technologies. He has witnessed increasing competition, ups and downs in e-commerce, and the rise of the domestic super angel
Asia Awards: VC Deal of the Year – Tujia
Lightspeed China likes disruptive business models that build up traction online and then use the momentum to gain a foothold offline as well. This has worked to good effect with Meilele, an online furniture retailer that now has a network of 200 offline...