Regions
Invus Group buys stake in India’s Capital Foods
Invus Group and Artal have bought a 43.5% stake in Indian processed foods company Capital Food for INR1.8 billion ($29.5 million) from Future Consumer Enterprises (FCEL), formerly known as Future Ventures.
PE-backed Alibaba, Haier to launch logistics JV
PE-backed Alibaba Group will invest a total of HK$2.8 billion ($360 million) in Haier Electronics Group, a Hong Kong-listed subsidiary of Chinese home appliance maker Haier Group, to expand its logistics and distribution network. Haier Electronics is...
Australian taxi app Ingogo gets new funding, eyes listing
Ingogo, the Australian start-up behind the mobile taxi-booking app of the same name, has raised a A$3.4 million ($3.1 million) from a group of PE investors ahead of a listing on the Australian Securities Exchange (ASX) next year.
Legend Capital leads Series A round for VHall
Legend Capital, the VC arm of Legend Holdings, has led a Series A round of funding for Vhall, a Chinese online conference service providers. Three other domestic VC firms also participated.
Matrix Partners India backs TechMed
Matrix Partners India has invested in TechMed, a hospital lab management (HLM) pathology chain, picking up a significant minority stake. The financial details of the transaction were not disclosed.
PE firms in the hunt for Tyco's Korea business - report
KKR, Bain Capital and CVC Capital Partners are reportedly among the preliminary bidders for the South Korean unit of US-based security systems specialist Tyco International. The unit is known as ADT Caps.
MSPEA in take private bid for Sino Gas
Morgan Stanley Private Equity Asia (MSPEA) is supporting a management buyout of Sino Gas International Holdings that values the US-listed Chinese gas distributor at approximately $15.9 million. This would be the third investment from the PE firm's fourth...
Carlyle, Farallon support Chinese funeral company IPO
The Carlyle Group and Farallon Capital Management will commit $35 million as cornerstone investors in Fu Shou Yuan International’s $215 million Hong Kong IPO.
Japan’s VC-backed Oncolys Pharma raises $64m in Tokyo IPO
Oncolys Pharma, a VC-backed developer of drugs targeting cancer and serious infectious diseases, saw its stock open at JPY3,500 per share - a 34.6% premium on the offering price - on its first day of trading in Tokyo. This followed a JPY6.6 billion ($64.4...
Matrix provides Series A for India traffic information portal
Matrix Partners India has provided a Series A round of funding for real-time traffic and travel information platform Birds Eye Systems. The size of the investment was not disclosed but the capital will be used to expand the company’s coverage from Mumbai,...
Horizon Ventures leads $15.2m Series B for Misfit Wearables
Hong Kong-based Horizon Ventures has led a $15.2 million Series B round for Misfit Wearables, the US start-up behind the physical activity monitor Shine. Existing investors – which include Founders Fund, Khosla Ventures, Norwest Venture Partners, OATV,...
Sequoia-backed Citrus Payment raises $5.5m in Series B funding
Citrus Payment Solutions has raised a $5.5 million Series B round from Japanese investors econtext Asia, an online payments company, and Beenos. Existing investor Sequoia Capital also participated in the round.
Standard Chartered PE re-ups in Indonesia’s Navigat
Standard Chartered Private Equity (SCPE) has invested an additional $25 million in Navigat, an Indonesian company that develops independent power systems for off-grid locations. The equity commitment came in conjunction with a $279 million debt refinancing...
Aion, Apollo to invest $157m into Avantha Holdings – report
Aion Capital Partners and Apollo Global Management are reportedly investing INR9.6 billion ($157 million) in Avantha Holdings, the holding company of the $4 billion conglomerate Avantha Group. Avantha is also in talks to raise $100 million from KKR, an...
Tokio Marine to launch $294m mezz fund
Tokio Marine & Nichido Fire Insurance is to launch a new mezzanine fund with a target of JPY 30 billion ($294 million).
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.