Region
Tata Capital buys stakes in Tata Sky, Mitra Biotech
Tata Capital’s offshore Tata Opportunities Fund (TOF) has acquired a 5% stake in direct-to-home (DTH) TV provider Tata Sky, while VC fund Tata Capital Innovations has backed cancer care company Mitra Biotech.
VC-backed Chinese lottery site files for $150m US IPO
VC-backed Chinese sports lottery provider 500.com has made an initial filing to raise around $150 million through an IPO on the New York Stock Exchange.
J-Star completes $6.6m exit of sweets maker Tokachi
J-Star has completed its exit of a 100% stake Japanese sweet maker Tokachi to Tokyo-listed Mediaflag in deal valued at JPY644 million ($6.6 million). According to sources familiar with the matter, the GP has generated a 1.3x return on its investment....
Australia's Future Fund hikes private equity allocation
Australia’s Future Fund increased its private equity allocation from 6.3% to 7.2% over the 12 months to September 2013 as overall assets grew to A$91.7 billion ($88.5 billion).
China's Sungy Mobile targets $80m US IPO
Sungy Mobile, a Chinese app developer backed by IDG Capital Partners, JAFCO, WI Harper and China Broadband Capital (CBC), is targeting a $80 million IPO and a listing on the New York Stock Exchange. The company, which focuses on apps, widgets and functions...
SAIF-backed HomeShop18 raises $14m round
Multimedia retailer HomeShop18 has raised another $14 million in funding from existing investors - Korea’s GS Home Shopping (GS), hedge fund OCP Asia and parent company Network18. SAIF Partners invested $26 million in 2008 for over 25% of the company....
Actis invests $48m in Indian pharma company
Actis has invested $48 million for a significant minority stake in Symbiotec Pharmalab, an active pharmaceutical ingredients (API) manufacturer.
Macquarie to form infra JV with Japan's Maeda
Macquarie Capital will form a joint venture with Japanese engineering firm Maeda Corp. to invest in infrastructure and renewable energy projects.
Lead Capital invests $2m in Japan's Talknote
Lead Capital Management has invested JPY200 million ($2 million) in Talknote, the Japanese start-up behind the corporate social networking platform of the same name. This is the second round of funding the company has received, following an undisclosed...
Intel Capital unveils seven new Asia investments
Intel Capital, a corporate VC arm of chipmaker Intel Corporation, has invested in seven Asia-based companies as part of a batch of 16 global commitments totaling $65 million. The Asian firms, coming from China, India, Singapore, Japan and Taiwan, account...
Ex-CDH executive arrested in China
Gongquan Wang, founder of CDH Venture Capital, has been formally arrested by Chinese authorities following his detention last month on charges of assembling a crowd to disturb public order. Wang left CDH two years ago.
Proskauer adds to Asia funds group
Global law firm Proskauer has appointed Lynn Chan as a consultant to the private investment funds group, working out of Hong Kong. She was previously a counsel in the investment funds practice at O’Melveny & Myers in Hong Kong and Singapore.
LP interview: Ontario Teachers' Pension Plan
Jane Rowe, senior vice president at Ontario Teachers’ Pension Plan, explains the attractions of spin-out GPs in Asia and why co-investment is an important – but not the only – consideration in manager selection
CITIC oils Stackpole's China wheels
The oil pumps use to lubricate engine parts and reduce friction come in two forms: fixed and variable. The first are usually oversized to handle the harshest operating conditions and therefore deliver higher average oil pressure and consume more power...
Quadrant eyes aged care consolidation
Quadrant Private Equity completed its exit from New Zealand retirement village operator Summerset last week but demographics remain a prominent theme in the firm’s portfolio with the acquisition of Estia Health, an Australian aged-care provider.
IDG, CreditEase target online finance
CreditEase, the largest peer-to-peer (P2P) lender in China, has introduced a new twist to its relationship with IDG Capital Partners. Two-and-a-half years after becoming an IDG portfolio company, CreditEase has become a principal investor in an IDG-managed...
Falcon House's Indonesia breakthrough
When the team behind Falcon House came together three years ago they were eyeing Indonesia’s underserved middle market. Drawing on local experience across corporate restructuring, PE and infrastructure, the principals thought they could make the breakthrough...
India e-commerce: Sink or swim
India’s e-commerce sector is in the midst of consolidation. VC money continues to flow to the larger players but even they are examining their business models in a climate of higher operating costs
All about Korea
More than 10 years and a host of bank turnarounds and corporate restructurings ago, South Korea was Asia’s most active private equity market. According to AVCJ Research, $3.1 billion was deployed in the country in 2000, comfortably ahead of second-placed...
Quadrant plans IPO for Australia's Burson Auto Parts – report
Quadrant Private Equity is reported to be planning an IPO of Burson Auto Parts, two years after acquiring the company.
Blackstone opens Singapore office
The Blackstone Group has opened an office in Singapore, extending its footprint into Southeast Asia. The move comes as global private equity firms place increased emphasis on the region.
Ex-Qiming partner Hans Tung joins GGV Capital
Hans Tung, formerly Beijing managing partner at Qiming Venture Partners, has become a partner at GGV Capital. He is based in Silicon Valley but will be part of GGV’s single team that invests across the US and China.
PE firms bid for South Korea's Woori assets
Several private equity firms have submitted bids for parts of Woori Finance Holdings in the second of three separate auctions intended to finally dispose of the Korean government’s interest in the business.
Yale trims private equity allocation
The Yale University endowment, feted among institutional investors for pioneering a portfolio management model characterized by a relatively heavy exposure to illiquid assets, has trimmed its private equity allocation for the first time since 2005.