Regions
Kalaari, Singapore Press commit $10m to Magzter
Digital magazine store and newsstand Magzter Inc. has raised a $10 million Series B round of funding from Singapore Press Holdings and existing investor Kalaari Capital.
Actis to sell Sterling Hospitals stake back to promoter
Actis will exit a 2006 investment in India’s Sterling Hospitals chain by selling its 82% shareholding back to the founder, Girish Patel. Financial terms of the deal were not disclosed.
Unilazer leads $6m for Indian online lingerie retailer
Indian online lingerie retailer Zivame has received a round of Series B funding worth $6 million led by Unilazer Ventures. Existing backers IDG Ventures and Kalaari Capital Partners also participated.
Bain to acquire Japan's Macromill for $501m
Bain Capital is set to acquire Tokyo-listed Macromill, a Japanese online market research firm, after offering to buy all shares in the company for JPY51.4 billion ($501 million).
Hony-backed China Consun Pharma targets up to $140m for HK IPO
Consun Pharmaceutical Group, a Chinese medicine retailer backed by Hony Capital, is seeking to raise up to HK$1.09 billion ($140 million) through an IPO in Hong Kong.
India Value Fund Advisors invests $24m in Trivitron Healthcare
Trivitron Healthcare has received INR1.5 billion ($24.5 million) from India Value Fund Advisors (IVFA) for a minority stake in the medical technology company.
Hillhouse among cornerstone investors in China Conch Venture’s HK IPO
Asia-focused Hillhouse Capital will commit about HK$274 million ($35 million) as a cornerstone investor in China Conch Venture’s HK$3.59 billion Hong Kong IPO.
South Korea’s Vogo raises $350m for Fund II
Vogo Investment has raised $350 million for its second South Korea-focused fund. A final close is expected early in 2014 once final negotiations on terms with a few LPs, including domestic heavyweight the National Pension Service, are completed.
Blackstone Australia chairman Paul Costello quits
Paul Costello, the non-executive Chairman for Australia and New Zealand at The Blackstone Group, has resigned after two years with the firm.
Orchid Asia-backed Autohome revises IPO pricing
Autohome, a Chinese online automobile marketplace backed by Orchid Asia, has revised the indicative price range for its US IPO, putting the firm on course to raise up to $143.8 million.
Quadrant acquires Australian water dispensing business
Quadrant Private Equity has acquired a majority stake in Zip Industries, an Australian developer of small-scale hot water systems capable of delivering boiling water instantly. Its signature product the Zip HydroTap is popular domestically and exported...
Ashiana, Landcraft JV raises $29.5m from Indiareit, IIFL
Piramal Group’s Indiareit unit and India Infoline (IIFL) have backed an Ashiana Homes-Landcraft Projects housing joint venture with INR1 billion ($16.3 million) and INR800 million, respectively.
Globis, Intel-backed V-Cube raises $43m in Tokyo IPO
V-Cube, a Japanese developer of web-conferencing and webinar systems backed by Intel Capital and Globis Capital Partners, saw its stock open at JPY5,010 per share - a 51% premium on the offering price - on its first day of trading. This followed a JPY4.4...
DSG Consumer Partners backs Tierra Food India
Singapore-based DSG Consumer Partners has invested an undisclosed sum for a minority stake in Tierra Food India.
IDG leads Series A for China online finance site Tongbanjie
Tongbanjie, a Chinese online finance mobile app, has receive more than $10 million in a Series A round of funding led by IDG Capital Partners.
Profile: IDG Vietnam's Henry Nguyen
For the last 12 years IDG Ventures’ Henry Nguyen has played a role in the opening up of Vietnam, from helping launch its first VC fund to introducing an the World’s most iconic fast food brand
Q&A: Bain Capital's Dwight Poler
Dwight Poler, managing director with Bain Capital in Europe, on the openings created by economic volatility in the euro zone and supporting portfolio companies that seek expansion in Asia
L Capital sees 2XU as a good fit
A recognized investor in fine foods, jewelry and ladies fashion, L Capital’s decision to back 2XU – an Australian manufacturer of compression sportswear – may seem a slight departure. In fact it could not have been a more perfect fit.
CITIC rides China’s LNG wave
Two weeks ago China National Offshore Oil Corp. received the first cargo of liquefied natural gas (LNG) at the Tianjin floating storage regasification unit. The company now has the capacity to handle 24.4 million metric tons of LNG per year at six offshore...
Crystal ball: Predictions for 2014
From fundraising and secondaries to deal flow and exit strategies, private equity professionals from across the region give their perspective on the year to come
2013 in review: Mixed fortunes
Bifurcation in the fundraising market as LPs play it safe with managers they know; South Korea and India emerge as buyout bright spots; positive signs for IPOs after a difficult 12 months
Finding a voice
“When AIFMD came out in draft form a couple of years ago we engaged the Hong Kong government to participate in the process of seeking comment,” David Pierce, a partner at FLAG Squadron Asia and until recently non-executive chairman of the Hong Kong...
SE Asia online retailer Lazada gets $250m in funding from Tesco, others
Rocket Internet’s Southeast Asian online shopping mall, Lazada, has raised a $250 million round of funding from Tesco, Access Industries, and return backers Investment AB Kinnevik and Verlinvest.
Blackstone buys 49% stake in China Franshion unit
The Blackstone Group has bought a 49% stake in Enhanced Experience, a wholly-owned subsidiary of Hong Kong-listed Franshion Properties, for $128 million.