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AVCAL CEO Katherine Woodthorpe resigns
Katherine Woodthorpe, CEO of the Australian Private Equity and Venture Capital Association (AVCAL), has resigned. Having spent seven years in the role, Woodthorpe announced she would be stepping down on October 31 in order to "pursue fresh challenges."...
Quadria reaches first close on South, Southeast Asia healthcare fund
Quadria Capital has reached a first close of $107 million on its second fund, which invests in mid-size healthcare companies in South and Southeast Asia. This is the first vehicle the GP has raised independently, its predecessor being the Milestone Religare...
NewQuest makes $160m buyout offer for China Hydroelectric
NewQuest Capital Partners has made a take-private offer to US-listed China Hydroelectric that values the company at just over $160 million. The secondary specialist GP already owns 49.83% of China Hydroelectric and holds options and warrants that, if...
Mapletree reaches $1.4b final close on China fund
Mapletree Investments, the real-estate arm of Temasek Holdings, has closed its real estate fund, Mapletree China Opportunity Fund II (MCOF II) at its hard cap of $1.4 billion, above the initial target of $1 billion.
Temasek, DCM back $60m round for China travel site Tuniu
Temasek Holdings and existing backer DCM have invested in a $60 million Series D round of funding for Tuniu.com, a Chinese online travel tour provider.
Carlyle, Milestone, Orchid Asia among cornerstones for China Tenwow IPO
The Carlyle Group, Milestone Partners and Orchid Asia will participate as cornerstone investors in the proposed Hong Kong IPO of Chinese packed food and beverage producer Tenwow International. The private equity investors will inject a combined of $92.3...
Nissay Capital leads $1.5m round for Japan skills marketplace
Nissay Capital has a led a JPY150 million ($1.5 million) round of investment in WelSelf, the Tokyo-based start-up behind online skils marketplace Coconala. Other investors include internet marketing companies Opt and Adways, and the CEO of cosmetics site...
Century Bridge commits $32.8m to Hangzhou residential project
Century Bridge Capital has invested $32.8 million in a joint venture with property developer Zhejiang Headway Real Estate to construct a middle-income, residential project in the eastern China city of Hangzhou.
OTPP loses head of Asia fund investments
Alison Nankivell has left her role as head of Asian fund investments at Ontario Teachers’ Pension Plan (OTPP) for a job with Business Development Bank of Canada (BDC).
Grocery tycoon launches China retail fund
After selling his family business, Chinese hypermarket chain Home World Group, Yucun Du was on the lookout for a new project. Perhaps we shouldn’t be surprised to learn that he set up a private equity firm.
China's BVCF targets super bacteria
“Large pharmaceutical firms aren’t putting a lot of resources into developing antibiotics nowadays because they can make more money producing drugs for chronic-related diseases, or cancer treatments,” observes Zhi Yang, founder and managing partner of...
Shenzhen Capital Group invests in China credit IT system e-Buy
Shenzhen Capital Group has invested in China e-Buy Technology, a Shanghai-based firm which provides credit redemption solution. Investment size has reportedly amounted to RMB32.4 million ($5.29 million).
China's Gaw Capital launches US arm
Gaw Capital Partners, the Hong Kong-based private equity real estate investor, has formed an office in the US. It plans to raise a $300-500 million dollar-denominated Fund in the fourth quarter.
Japan's Future Venture Capital raises $5m venture fund
Japan's Future Venture Capital has raised a JPY500 million ($5 million) venture fund, Ehime Venture Fund 2013.
Mandarin Capital exits IMA Group, has first close on Fund II
Mandarin Capital, a Chinese-Italian private equity fund, has sold its 7.57% stake in Bologna-based pharmaceutical machinery business IMA Group for EUR53 million ($69.7 million) and has made first close of its second fund on EUR110.5 million.
Portfolio: Everstone Capital and IndoStar Capital Finance
While PE investors have been keen to capitalize on India’s financial services industry, Everstone Capital took a unique approach to the sector – building an independent non-banking financial company
China's Fosun raises $525.2m for outbound fund
Chinese conglomerate Fosun International has secured $525.2 million for its China Momentum Fund, which is targeting $1 billion for outbound investment.
Horizons, Infinity, IFC invest $65m in Israeli bio-agritech firm Kaiima
Kaiima Bio-Agritech, an Israel-based seed and breeding technology firm, has raised over $65 million from three new investors including Hong Kong billionaire Li Ka-Shing’s Horizons Ventures, International Financial Corporation (IFC), and Infinity Group....
Japan's Rakuten acquires VC-backed video site Viki
Japanese e-commerce giant Rakuten has acquired Viki, a VC-backed global video streaming platform.The financial details of the transaction were not disclosed.
Morningside, Jingdong invest in Chinese food delivery service Daojia
Existing backer Morningside Ventures and B2C e-commerce site Jingdong (formerly 360Buy) have led a Series C round of investment in Chinese online food ordering platform Daojia. The financial details of the transaction were not disclosed.
Carlyle, Cathay Capital, PingAn jointly invest in Meinian Onehealth
A consortium, comprising The Carlyle Group, Cathay Capital Private Equity and China Ping An Insurance, has agreed to invest RMB300 million ($49 million) in Meinian Onehealth Healthcare Group, the largest private provider of preventive healthcare check-up...
Actis buys India lighting business from Halonix for $24m – update
Following an agreement in July to buy the general lighting division of portfolio company Halonix, Actis will pay an enterprise value of INR1.6 billion ($24 million) for the unit.
Taiwan regulators stress commitment to PE – AVCJ Taiwan
Taiwan’s minister of economic affairs stressed that the government sees private equity as an important contributor to local economic development, highlighting draft legislation that promises to ease the deal approvals process. However, PE investors said...
INCJ invests $6m in Japan's UniZeo
The Innovation Network Corporation of Japan (INCJ) has invested JPY600 million ($6 million) in UniZeo, a Japanese company which is focused on commercializing new methods of producing synthetic zeolite.