Regions
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.
Baidu, VC-backed Qunar sets terms for $127m US IPO
Qunar, a Chinese-travel website majority-owned by internet search giant Baidu, is seeking to raise up to $127.8 million through its NASDAQ IPO. The company is also backed by GSR Ventures and GGV Capital, neither of which will sell any shares in the offering.
Harvard appoints new private equity head
Harvard Management Company (HMC) - the investment arm of Harvard University - has appointed Lane MacDonald as its new managing director of private equity.
New Horizon leads $50m round for China's Chukong Technologies
New Horizon Capital has led a $50 million Series D round of investment in Chukong Technologies, a Chinese mobile game developer. GGV Capital, Sequoia Capital, Steamboat Ventures and Northern Light Venture Capital also participated in the round, which...
Australia’s IFM changes name, opens Tokyo office
Industry Funds Management has changed its name to IFM Investors. The move comes shortly after the Australia-headquartered group consolidated its private equity and private assets divisions into one team and as it expands its presence in global markets,...
Chinese online marketplace 58.com sets terms for $165m US IPO
Chinese online marketplace 58.com is seeking raise up to $165 million through its New York Stock Exchange IPO. The company’s venture capital investors – Warburg Pincus, SAIF Partners and DCM – will not sell any of their shares in the offering.
Japan's Astellas Pharma leads US-based Mitokyne $45m Series A round
Astellas Pharma, a Tokyo-listed pharmaceutical firm, has led a $45 million Series A round of investment in US biotech start-up Mitokyne, alongside MPM Capital and Longwood Founders Fund.
TPG to buy 21st Century Fox stake in Phoenix Satellite TV
TPG Capital has agreed to buy a 12.15% stake in Chinese satellite television operator Phoenix Satellite Television Holdings from 21st Century Fox for HK$1.66 billion ($214 million).
Hutchison Whampoa abandons Parknshop sale plan
Hutchison Whampoa has abandoned plans to sell Hong Kong supermarket chain ParknShop, after it had reportedly attracted bids from the likes of KKR, TPG Capital and a number of strategic investors.
MSPEA set for partial exit as Hyundai Rotem IPO raises $585m
Hyundai Rotem, a train manufacturer backed by Morgan Stanley Private Equity Asia (MSPEA), will complete the fourth-largest IPO ever executed on the Korea Exchange and the biggest in more than three years. The offering will generate proceeds of KRW622.4...
Nokia Growth leads Series D round for China's SolarVista Media
Nokia Growth Partners (NGP) has led a Series D round of investment for SolarVista Media, a Chinese outdoor billboard technology and media company. China Ease Management, existing backers Northern Light Venture Capital, Tuspark Ventures and FnH also participated....
Quadrant exits Summerset, buys Estia Health
Quadrant Private Equity has fully exited New Zealand retirement village operator Summerset via the public market, generating an estimated return multiple of more than 3.7x. In the same week, it acquired a majority stake in Australian aged-care operator...
CCBI PE unit invests in China Water Industry Group
The private equity unit of CCB International (CCBI), has invested HK$200 million ($26 million) in China Water Industry Group through a convertible bonds subscription.
Blumont receives $200m injection to support Discovery Metals investment
Blumont Group has received $200 million in new funding from New York-based investment firm Platinum Partners, half of which will be used to buy convertible bonds in Australian copper miner Discovery Metals, previously a target of Chinese private equity...
Helion, Blumberg invest $1.5m in India's Mygola for US expansion
Mygola.com, an Indian online travel planning start-up, has raised a $1.5 million Series A round led by Helion Venture Partners and including existing backer Blumberg Capital. The funding will be used to support the company's US expansion plans.
China's Pactera agrees to $625m Blackstone-led take-private
Pactera Technology International has agreed to be taken private by a consortium led by The Blackstone Group that values the NASDAQ-listed Chinese tech outsourcing firm at approximately $625 million. Existing investor GGV Capital is also participating...
Global Brain invests $3.3m in Japan group buying site Luxa
Japanese venture capital firm Global Brain has invested JPY330 million ($3.3 million) in luxury group buying site Luxa through its KDDI Open Innovation Fund.
AlpInvest holds $750m final close on Secondaries Fund V
AlpInvest Partners has closed its Secondaries Fund V (ASF V) at the hard cap of $750 million, exceeding its initial target of $500 million.
Korea’s Anchor Equity closes debut fund at $500m
Anchor Equity Partners has reached a final close on its debut South Korea-focused fund at the hard cap of $500 million. The firm – set up last year by a group that spun out from Goldman Sachs’ private equity unit – targets buyout, growth capital...
Silver Lake, Nexus invest in Indian commodity trading platform
Silver Lake Kraftwerk has taken a minority stake in Bangalore-based Eka Software Solutions, a commodity trading and risk management software provider. Existing investor Nexus Venture Partners also participated in the funding round.
SBI, FMO target up to $125m for Asia financial sector fund
Japan's SBI Holdings and the Netherlands Development Finance Company (FMO) are looking to raise as much as $125 million for their SBI-FMO Emerging Asia Financial Sector Fund.
Fosun VC leads Series B round for Chinese animation producer
Fosun Venture Capital Investment, a VC arm of Fosun Group, has invested in a Series B round of funding for Beijing Dream Castle Culture, a Chinese animation producer. Existing backer GGV Capital also participated. Financial terms were not disclosed.